Archive for August, 2009

Taubman Centres Dumps Macau Studio City Project

Taubman Centres, Inc - one of the world's top luxury destination retail developers - has pulled out of the long delayed Macau Studio City, recovering its 25 percent, US$65 million interest in the project's huge shopping mall development. Taubman's for the Asia Pacific region president told Macau Business that contrary to recent reports, it was the

Mainland China Visitors to Macau Down By 19.2%

The total number of visitor and non-resident arrivals to the Macau casino enclave was 2,329,381 in July 2009. Visitor arrivals for July 2009 decreased by 14.9% year-on-year to 1,755,103, which was mainly due to the China travel restrictions. Analyzed by place of residence, visitors from Mainland China decreased by 19.2% year-on-year to 852,167 (48.6% of visitor

Frenchman Wins 2009 APT Macau Poker Event

Beating a final table that included veteran pro Casey Kastle, 2009 Aussie Millions High Roller champ David Steicke and APT Poker Pack superstar J.C. Tran, 23-year-old Frenchman Adrien Allain took down the 2009 APT Macau main event title Sunday. "I'm overwhelmed, this is so wonderful," the Rennes, France native said. "I qualified for this tournament through

L’Arch Macau Casino to Use Bally Games

Bally Technologies, Inc., a provider of slots, video machines, and casino-management systems for the global gaming industry, announced that L'Arc Macau and RGB Macau, operators of the new L'Arc Macau casino resort, have purchased a line of Bally Systems products for their fall 2009 opening. Located in Macau's majestic 'Royal District', Bally said the casino will

Macau August Revenue On Track To Another Record

Revenue figures from the first 18 days of this month show that the Macau gaming market is on track to do its highest on record, well more than the MOP10.4 billion(US$1.3 billion) it did back in January 2008 (soon after Amax started the junket commission war at Altira Macau). It might even break the MOP11 billion(US$1.375billion)

Las Vegas Sands To Finally List in Hong Kong

Las Vegas Sands Corp. (NYSE: LVS) reported this morning that one of its subsidiaries has filed an application to list its shares on the Hong Kong Stock Exchange. The move was widely expected, as LVS CEO Sheldon Adelson said in July that the casino firm was considering an initial public offering (IPO) or sale of

City of Dreams Off To A Good Start

City of Dreams, the integrated entertainment resort owned by Melco Crown Entertainment Limited, welcomed a total of 1.1 million visitors in July 2009, or an average of 37,000 visitors per day. [caption id="attachment_683" align="alignnone" width="500" caption="Hyatt Hotel Cotai Strip"][/caption] From its 353 mass market gaming tables, the resort generated approximately US$132 million in table games revenue, reflecting

Manchester United To Play in Macau on July 23

England's most popular football club Manchester United has confirmed dates for a summer tour that will take it to Macau, Japan, Korea and Malaysia. The English Premier League leaders and English FA Cup finalists will play in Tokyo against the Urawa Red Diamonds on July 17, then play FC Seoul in South Korea on July 20. The

Macau Gaming Future Concerns on Dr Stanley Ho's Health

AS Dr Stanley Ho, Macau's Godfather of Gambling, is still in hospital, speculation and rumors are spreading like wildfire in Macau about the future of its gaming industry. There still has been no news forthcoming about his current health status, raising concerns whether it maybe actually in decline. As Dr Ho, controls about 30% of Macau

Dr Stanley Ho Recovering After Emergency Brain Surgery

The Godfather of Macau gaming tycoon 87-year old Dr Stanley Ho is in a satisfactory condition after undergoing emergency brain surgery in Hong Kong last Tuesday. Apparently he fell and hurt his head during a family party last week and was immediately rushed to a Hong Kong hospital . He then underwent brain surgery to ease