Section: Business

Playboy Enterprises Cancels Playboy Mansion at Macau Studio City

Playboy Enterprises Inc. has canceled its plan to open Playboy Mansion Macao, a 40,000-square-foot entertainment complex. Playboy, publisher of Playboy magazine, and Cyber One Agents Ltd. formed a joint venture in 2007 and planned to open the venue this year. Macao Studio City. 21 Nov 09 Playboy Mansion Macao was to offer dining, nightclubs, specialty retail elements

Morocco’s King Loses Millions in Macau Fishermans Wharf Venture

Morocco's King Mohammed VI is among a number of investors embroiled in a bitter financial restructuring of a loss-making Macau casino and hotel firm, a report said Tuesday. Fishermans Wharf. Macau The king is one of about 20 wealthy people who were sold a 400 million dollar stake in Macau Legend, according to the South China Morning

Guangdong Residents Can Only Visit Macau Once Every Two Months

A person at the Guangdong office in charge of controlling visas to Macau said residents of the province could apply for permission to visit the gambling enclave only once every two months. Macau Zhuhai Gate Hong Kong-listed shares of Macau casino operators tumbled between 6% and 8% late this week on a report about the visa policy. "The

And Now the Brits Are Coming to Macau!

The British Business Association of Macau (BBAM) opened a representational office in Macau Thursday that aims to be the "starting point" for new business opportunities and provide support for the British business community. Henry Brockman, the chairman of the association, said that there were currently some 40 British companies in Macau, or which had string business

Macau’s Pataca To Remain Pegged to US Dollar

We think this may have a lot to do with the heavy billions of USD casino investments in Macau! Despite rising inflation and a weakening US dollar, the value of the pataca(8 Patacas = 1USD) will continue to remain indirectly tied to the once dominant American currency, the chairman of the Monetary Authority of Macao said

Macau Annual Investment Forum

Over 250 real estate, tourism, banking and finance specialist are due to meet at the 2nd Annual Investment forum to be held in Macau on April 26 and 27 to discuss the present and future of the Macau economy, the meeting’s organizers said. “This year’s Forum will discuss the factors that will determine the future of

Mandarin Oriental earnings up in Macau

Comment - And so the hotel boom in Macau continues on, first the Emporor Entertainment Group profit was boosted by Grand Emperor Hotel Macau profits being up 34.2%, and now the Mandarin Oriental Macau together with its sister Hong Kong hotel is responsible for 50% of the profits of the Madarin Oriental group. Very impressive indeed,

Ho family influence in Macau gaming is not abating

"(Ho's) very name brings an air of class and style to gambling, and anything he touches is known to turn to gold." -- Gambling Online Magazine, 2004 June 12, 2006 - What do Kim Jong IL and J. Terrence Lanni have in common? They've both done business with Stanley Ho, who is the undisputed casino king

Las Vegas Sands Gets Loan for Macau

June 4, 2006 - LAS VEGAS -- Las Vegas Sands Corp. has secured a $2.5 billion financing package to fund its gaming projects in Macau. Analysts consider the loan, which comes from six different banks, to be the largest single credit facility ever given to a nongovernment entity in China. The loaned money will be used

IGB Corp plans more overseas openings

May 31, 2006 - PROPERTY development and investment firm IGB Corp Bhd plans to expand its hotel properties to Thailand, Macau, Vietnam, Australia and Europe. However, it may take at least 12 months before it happens. “We are excited about (the opening of hotels in) Bangkok, Macau, Vietnam, and Australia and we are at various stages