Archive for October, 2009

Macau Casinos Now Authorised to Offer Texas Hold'em Poker

Officials in the booming southern China gambling enclave have authorized local casinos to offer the popular card game for the first time, and the Grand Lisboa ts the first Macau casino rolling out the Texas Hold'em Poker game. Interest in poker, particularly Texas Hold 'em, has exploded in the United States in the past few years

Casino Investment Tips by Top Analyst Bill Lerner

The gaming industry has seen a lot of change from the days when individual casino owners gave way to large publicly traded corporations with responsibilities to their shareholders. As more corporations took control of resorts, investment houses needed research and analysis to guide them in the study of these leisure-oriented public companies. Before long, most major

Las Vegas Sands Suspends All Macau Projects

Troubled casino company Las Vegas Sands Corp said on Tuesday it priced a public offering of 181.8 million common shares at $5.50 per share, which would raise about $1 billion to shore up its finances. Sands' shares, which have plummeted from above $122 last December, fell about 33 percent on Tuesday to $5.34. Sands, one of the

Crown Macau Opens 60 Hotel Rooms

Melco PBL, confirms that Crown Macau opened approximately 60 hotel rooms to the public last weekend. The hotel is on track to meet its target of having a full complement of 216 rooms, which includes all villas and suites, operational by the end of July 2007. Crown Macau management has confirmed that approximately 70% of

Macau Casinos Continues Redundancies

Things have gone so snake-eyed in Macao, the tiny gambling mecca on the southern coast of China, that the Venetian resort fired half its gondoliers two weeks ago. Only two of its 51 custom-made gondolas are now needed to ferry tourists along the Venetian's indoor "Grand Canal.""They called us all in for a meeting, gave

Venetian Macao in Breach of Concessionaires Gaming Law

The Venetian Macao has not submitted a replacement for managing director Jorge Neto Valente and legal sources suggest by Sunday the company will be in breach of the law and may lose its gaming license, reported Lusa News Agency. Lawyer Mr Valente, who held the post of managing director of the Venetian Macao and has

Sands Macau Must Pay US$95,000 to Underage Winner

The Sands Macau casino must pay a HK$740,000 jackpot to the mother of an underage girl who won the money earlier this week while playing a slot machine at the casino, gaming regulators in Macau have said. However, the Gaming Inspection and Coordination Bureau also barred the mother from entering any of the enclave's casinos -

Crown Macau Cost Saving Methods

Crown Macau woes are facing further headwinds with VIP gaming revenues in the territory expected to fall 25 per cent next year. The prediction by Karen Tang, a Deutsche Bank gaming analyst in Hong Kong, follows a Macau Government forecast that casino revenues would fall to an average of 7 billion patacas ($875 million) each month. It

Macau General News November 2007

Taxi! Macau's Civic and Municipal Affairs Bureau (CMAB) is set to issue 150 new taxi licenses by year's end. Purportedly, the CMAB will offer licenses via public auction: Starting at MOP 200,000 (US$ 22,500) each. With a total population of 582,000, the number of taxis in the city remained stagnant at 780 from 1999 to 2005.

Has Dr Stanley Ho Really Passed Away? Update!

More rumors are now emerging thanks to our friends at Destination Macau that Dr Stanley Ho has never regained consciousness since undergoing brain surgery three months ago. We always have been amazed that nobody has contacted us at a2zCasino.eu saying otherwise about our original report. According to The Apple Daily, that indisputably trustworthy source of