Archive for October, 2007

Former Chinese Leader Mao Zedong Criticized by Steve Wynn

Billionaire casino developer Steve Wynn criticized former Chinese leader Mao Zedong, as he told more than a thousand investment advisers at a conference that the communist revolutionary's Cultural Revolution was "imbecilic" and "almost ruined" the country. The chief executive of Wynn Resorts spoke during a question & answer session at the Charles Schwab IMPACT 2007 conference. Most

Macau Will Need Better Transport System to Keep Growing

Recent moves to diversify Macau's economy with the development of integrated resorts such as the Venetian Macao and MGM Grand are luring eager visitors and spurring growth. But while the cash and chips flow fast and furious on Macau's gambling tables, the story is different on the road. Traffic congestion, hour-long taxi queues, and huge crowds

Another New Passenger Route From Wuhan to Macau

Yet another airline is opening a route from China's Wuhan to Macau ensuring that tourism and travel to Macau will continue to grow. East Star Airlines has been approved to open a new passenger routes from Wuhan to Macau and from Wuhan to Hong Kong, Xinhua reported (in Chinese). The routes, which were approved 18 months after

Vigers Macau Property Report

Vigers has just released an interesting report about Macau's economic boom. Read Report: Macau Property Update report Courtesy: Vigers

Macau Government Signs Cotai Ferry Concession Contract

The Macao Special Administrative Region Government signed on October 29, 2007 a concession contract for operating maritime passenger services between Taipa Ferry Terminal, Macao and Hong Kong with COTAI Waterjets (Macau) Limited, which is owned by Las Vegas Sands. The signing ceremony took place in the Office of the Secretary for Transport and Public Works, with

Asian Indoor Games Off to A Good Start

THE second Asian Indoor Games got off to a colourful start at the Macau Stadium, which was officially opened by chief executive Edmund Ho. Some 3,000 athletes from 45 Asian countries and regions are taking part in 17 sports and three demonstration sports in this edition of the Games. The evening was presented by a total of

Sex and Gambling in Macau

You and your buddies have come to Macau from Guangzhou or Shanghai or Hong Kong and the night has gone well. The dice, cards or roulette wheel left you with a pocketful of change and a certain, um, urge. Not to worry. China's favorite little Special Autonomous Region, a cash cow for casinos and a great little

Macau Again Posts Record Gaming and Gambling Revenue

Gaming and gambling activities in Macau posted gross revenues of 58.905 billion patacas (US$7.363 billion) in the first nine months of 2007, the Gaming Inspection and Coordination Bureau (GICB) said on its website. The revenue achieved between January and September exceeded that for the whole of 2006 - 57.521 billion patacas - of 2004 - 43.511

Macau to Host First International Poker Tournament

PokerStars (www.PokerStars.net), the world's largest online poker site, today announced the first ever real money No-Limit Texas Hold'em poker tournament to be held in the People's Republic of China. The 'PokerStars.net Asia Pacific Poker Tour Macau: Asian Poker Open' $2,500 buy-in Main Event, which is being run in conjunction with the Galaxy Entertainment/Grand Waldo Casino

Macau and Zhuhai to Build Japanese Theme Park in Zhuhai

It was straight to business from the get-go at this year's Macao International Trade & Investment Fair (MIF), with Macau and Zhuhai signing a US$4 billion deal to build a Japanese theme park in Zhuhai on Thursday, October 18. Destination Macau has learned that Japanese movie production company, Micott & Basara Inc. are partnering with another