Archive for January, 2010

U.S. Casinos' Bet On Macau Pays Off

MACAU — When U.S. casino giants Las Vegas Sands and Wynn Resorts first set foot on these islands in the South China Sea a few years ago, skeptics warned their bet on Asian gambling could turn into a bust. But their bet appears to be paying off, at least for now. Macau— sometimes called Macao —

Four Seasons Hotel Macao @ The Cotai Strip Delays Opening

The opening of the Four SeasonsÂ Hotel Macao @ The Cotai Strip has been pushed back to the second half of the year, said the general manager Antoine Chahwan yesterday. It announced last year that it planned to open in June, however this has nowÂ been delayed until the third quarter of the year. Although the

Madeira Group Looking For Local Partners

The Madeira group Siram is looking for partners in Macau to manage casinos and to develop an innovative spa project in Macau, Siram president Silvio Santos told Portuguese news agency Lusa. One of the company's' real estate and tourism developers is having difficulties financing its Colombo's Resort tourism project, in the Madeiran island of Porto Santo,

Macau Casino Shares are Being Hammered

If the market cooperates and doesn't head south yet again, then this note out yesterday from analyst Lawrence Klatzkin of Jefferies & Co. on Wynn Resorts (WYNN) should provide for a shift in momentum from the bears to the bulls, spur some short covering on oversold conditions and also help beleaguered shares of competitor Las

Sheraton Macau Hotel to be World's Largest With 4,000 Rooms

Starwood Hotels is due to open the largest Sheraton hotel in the world with 4,000 rooms, which is due to be concluded in 2009, said the company's vice president Matthew Fry Thursday in Macau. In a press conference, Fry said that the Sheraton Macau Hotel would open its doors in 2008 and that a year later

Mandarin Oriental Macau Now Grand Lapa Hotel

And another hotel following the Altira Macau, has changed its name, this time it is the Mandarin Oriental hotel, which now has been renamed to Grand Lapa Hotel. The change in name came about the recent sale by Mandarin Oriental Hotel Group of its 50% interest in the property to Sociedade de Turismo e

New Record Macau Gaming Revenue October 2009

Macau's gross gaming revenue reached a new record high October 2009 at MOP 12.6 billion (US$1.62 billion), an increase of 42 percent as compared with October last year. Macau Golden Triangle Quoting estimation among local gaming operators, provisional figures show that October 2009 revenue was in excess of MOP 1.4 billion if compared to the previous record

Macau Casino Jobs

As Macau has many new Casino's opening in the next 10 years, it is no surprise there is huge demand for casino personal. Recently it was reported that Macau needs another 50,000 croupiers by 2010. Find useful information and contact details at the bottom of this page! The bad news is that for those wanting

Macau Cracking Down on Illegal Casino Workers

The Macau gambling industry has risen to epic proportions over the last few years, but it has not been free of controversy, and now the leaders of Macau have vowed to crack down on illegal workers in the industry. Local residents have complained that many of the high priced casino resorts that are going up in

Macau Casinos Have Best Security Systems in the World

According to the chief of the Gaming Inspection and Co-ordination Bureau (DICJ), Macau casinos have the tightest and most modern security of all the world's gaming venues. Arriving back from a trip to London, which included informal discussions with European gaming regulators, Manuel Joaquim das Neves said the security in Macau is the best he