Archive for April, 2008

Las Vegas Sands Admits Macau Casino Concession Letter

Casino mogul Sheldon Adelson testified Friday that a top executive of his gambling company breached his fiduciary duty by offering to pay a Hong Kong businessman to find investors and help obtain a casino license in Macau. Adelson, the 74-year-old billionaire chairman and chief executive of Las Vegas Sands Corp. acknowledged under cross examination that William

Exiled Gunmen are sent from Hong Kong to Macau

In the crime world, what does loyalty really mean? This question is explored when gunmen are sent from Hong Kong to Macau to eliminate a colleague who has decided to walk away from the gang. The two assassins are intercepted by another two – all five of whom were once close friends. What will come

Be An Owner for The Day With The Macau Racing Club

Arriving at the Macau Jockey Club with style via the member's entrance, I was whisked to the ultra chic 2nd floor English Bar Room by a beautiful host of The Macau Racing Club. Just in time for the races to commence and surrounded by other owners and members, the excitement was all around. Races running

Macau Waiting to Start Land Reclamation Projects

The Macau government is waiting for approval from the central government in Beijing to begin works on the reclamation land projects which are expected to total an area of around five square kilometers. The secretary for transport and public works, Lau Si Io, said the project plan is based on that of 2006, which the local

Stanley Ho's Shun Tak Holding Makes US$128 Million Profit

Shun Tak, the holding company of Macau gaming and gambling magnate Dr Stanley Ho, said Tuesday that in 2007 it had posted a net profit of US$128 million, which was a rise of 52.7 percent against 2006, a year in which profit totalled US$85 million. Shun Tak, which has interests in the sea and air transport,

Melco PBL Plays Macau VIP Market Fair

The chief financial officer of Melco PBL Entertainment (Macau) Limited said the company was not paying higher margins to junkets, rather providing a a premium to their financier. A deal MPEL struck last December with a junket umbrella company sparked criticism from other operators that it is driving up commissions paid to agents who attract and

Macau Immigration Investment Scheme On Hold for Two More Years

The investment immigration scheme through buying properties in Macau will not be resumed at least for the next two years, according to government sources. The Jornal Va Kio reported that the Government has no intention to review the decision, announced by the Chief Executive Ho Hau Wah during the Legislative Assembly’s question time on 3 April

Macau Has Record 27 Million Visitor Arrivals for 2007

Macao registered a record high of 26,992,995 visitor arrivals in 2007, up by 23% over 2006; visitors from Mainland China and Hong Kong accounted for 55% and 30% of the total respectively. Mainland visitors travelled to Macao under the Individual Visit Scheme totalled 7,165,203, up by 24%. Visitor arrivals in package tours rose notably by

Melco PBL Tops Out Hard Rock Hotel and City of Dreams

PBL Entertainment (Macau) Limited topped out the Hard Rock hotel and the main podium of its mega-project City of Dreams in Cotai, Macau today. City of Dreams will be a must-see integrated urban entertainment resort that will combine electrifying entertainment, stylish nightclubs, an amazing array of accommodation options, top-notch dining, world-class shopping as well as a