Archive for June, 2006

April 29, 2006 – July 30, 2006 : Macau Museum – East meets West

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Chinese Tourists Outward Bound

June 24, 2006 | The Economist | The Chinese are starting to travel abroad. But getting them to spend is difficult! CHINA'S citizens do not only export goods; increasingly they export themselves. The concept of tourism—going abroad for pleasure rather than for business—is less than a decade old in China. Yet since the Chinese government sanctioned

Macau’s Seng Heng bank opens office in Lisbon

June 23, 2006 | MacauHub | The Seng Heng Bank, owned by Macau gaming magnate Stanley Ho’s, STDM, said it would widen its activities to Portugal with the opening this week of a representative office in the Portuguese capital, Lisbon. The inauguration of the office will take place Wednesday in a ceremony attended by the head

Angola to set up Consulate-General in Macau

June 23, 2006 | MacauBlog | Mainland China approves Angola's application to set up a consulate-general in Macau, according to a report. In a communiqué signed between the mainland Chinese Premier Wen Jiabao (???) and the Angolan President José Eduardo dos Santos, both sides agreed to deepened relations of cooperation within the framework of the Eocnomic and

MGM Mirage Investors Could See Smaller Jackpot

June 22, 2006 | Forbes | MGM Mirage's core business still appears sound but shares of the casino company look a little pricey compared to competitors, according to a report from Morgan Stanley.The research firm downgraded MGM Mirage to "underweight" from "equal-weight," but cautioned investors that this doesn't mean they should sell the stock. "Our downgrade

Macau International Fair to take place on September 23

June 22, 2006 | MacauHub | Macau’s 11th International Fair, based on the theme of “Promoting trans-regional economic cooperation, welcoming new development opportunities,” is due to take place between September 23 and 26, the government said. The fair, which is organized by IPIM (Macau Trade and Investment Promotion Institute) will coincide with the Ministerial Conference of

Macau wants to be platform for European environment industry in Chinese market

Brussels, Belgium, 20 June | MacauHub | Macau wants to be a platform for European environment industries to enter the Chinese market, said the head of the Macau government at a meeting held Monday with the President of the European Commission. Edmund Ho and José Manuel Durão Barroso met in Brussels as part of a visit that

Global gambling revenues seen rising to $125 billion by 2010

June 20, 2006 | AM NewYork | Global revenue from gambling is expected to climb 8.8 percent annually from $82.2 billion in 2005 to $125 billion by 2010, according to a new estimate by consultant PricewaterhouseCoopers LLP. Fueled by new casinos in the Chinese gambling enclave of Macau, the Asia-Pacific region will grow the fastest at

Towering bets

June 20, 2006 The Hong Kong Standard | For decades, the Casino Lisboa sat at the center of Macau's gambling industry: crowded, smoky, surly, gaudy, decadent and obscenely profitable.The limelight shifted two years ago with the opening of two competing casinos, the Galaxy Waldo and the Sands Macau, midway between the Lisboa and the city ferry

All signs point to Macau coming up aces

June 19, 2006 | Las Vegas Business Press | Move over, Las Vegas. Macau will soon be the casino capital of the world. That's the verdict of a June 8 report issued by Standard & Poor's. A former Portugese enclave at the mouth of China's Pearl River, Macau is one-fifth the size of Las Vegas,