Archive for August, 2007

Venetian Macau Opens Today

At last the world's biggest casino opens in Macau today, the most ambitious throw of the dice yet in a $24 billion effort to build a Las Vegas-style "neon alley" in this once-sleazy Chinese gambling enclave. The hopes of more than a dozen hotel, casino and retail operators building on the "Cotai Strip" -- 4 square

Macau's Biggest Slot Machine Supplier Profit Up By 20%

Aristocrat Leisure Ltd., the world's second-largest maker of slot machines, said first-half profit rose 20 percent on increased sales in Japan, Macau and Europe. Net income increased to A$126.1 million ($102 million), or 27 cents a share, in the six months ended June 30, from A$105.3 million, or 22 cents, a year earlier, Sydney-based Aristocrat said

Visitors From Mainland China Continues to Rise

Despite visa restrictions the number of visitors continue to rise, with arrivals totaling 2,208,327 in July 2007 This represents a year-on-year increase of 22.5%. Visitors from Mainland China and Hong Kong rose by 24.2% and 21.1% respectively, whereas those from Taiwan, China dropped by 7.3%. Meanwhile, same-day visitors accounted for 52.0% of the total arrivals,

Casino Companies Are Betting Big on Macau

When America's largest casino companies looked at the world's emerging gambling scene, it wasn't Pennsylvania where they placed their biggest bets. Instead, MGM Mirage Inc. and Wynn Resorts Ltd. are pouring money into Macao, a tiny peninsula on the southeastern tip of China. And while the Las Vegas Sands Corp. is spending $600 million on Bethworks Casino

US Womens Volley Ball Team Beat Cuba in Macau Grand Prix Leg

The United States beat Cuba by 3-2 here on Saturday at the women's volleyball Grand Prix Macao leg. The U.S. team, headed by the Chinese volleyball legend Lang Ping, came across a scary moment in the first set when the Cubans displayed the matching powerful net skills and the even more stable defense to win the

EU Has Concerns About Macau Wealth Gap

The European Commission expressed concern Thursday about a widening wealth gap in Macau arising from the booming economy in the world's largest gaming market.Although the southern Chinese territory has one of the world's fastest growing economies, with 16.6 percent growth last year, it has fallen victim to its own success with a number of social

Macau Chief Executive Shows Stake Transfer Documents

Chief Executive Edmund Ho Hau-wah said yesterday he had produced documents proving he had disposed of his interest in gaming magnate Stanley Ho Hung-sun's casino empire four years before assuming his current office. The top official in the world's largest gaming market was responding to a report in Monday's South China Morning Post, that revealed a

Venetian Macao Opening A Massive Step For Macau

This month's opening of The Venetian Macao hotel-casino in the Chinese gambling enclave is the culmination of three quarters of a century of Las Vegas history built "in one fell swoop," according to the president of the company behind the transformation. In a conference call with reporters Thursday, William Weidner, president of Las Vegas Sands Corp.,

Netherlands in Surprise Win Over Cuba in Macau Womens Volley Ball Grand Prix

The Netherlands stunned international women's volleyball powerhouse Cuba with a 3-1 victory at the Macao leg of the 2007 women's volleyball Grand Prix here on Friday.Not as expected by many observers, the Cuba side failed to dominate the net throughout the four sets, while the Dutch side showed much stronger determination

Grand Prix of Macau One of The Best Street Races

One of the best street races is without doubt the Macau GP. There is no F1 race there, but the Formula 3 race on this track is one of the must for the racing fans to see. The current F1 cars would probably offer only a procession race of Monaco style on this punishing track,