Archive for April, 2010

Labour Day, Golden Week

This is the start of the Chinese Labour Day Golden Week ???. Macau will have an official Public Holiday on May 1, which is typically celebrated by a party hosted by The Macao Federation of Workers' Unions. As usual there also should be festivities around Macau Tower. Last year Macau received over 450,000 arrivals during the

Sands’ Sale of Macau Malls, Apartments May Raise $12 Billion

By Liza Lin April 28 (Bloomberg) -- Las Vegas Sands Corp. Chairman Sheldon Adelson said the planned sale of the casino operator's Macau malls and apartments may raise as much as $12 billion and recoup their construction costs. "It will be like $12 billion if we add up all the apartments and all the retail in Macau,"

Galaxy Entertainment Rating Up to Positive

Standard & Poor's Ratings Services said it has revised its outlook on Galaxy Casino SA to positive from stable after Europe-based private equity firm Permira said it would buy a 20 pct stake in the company's parent, Galaxy Entertainment Group Ltd. The agency affirmed its 'B+' long-term corporate credit and 'B+' issue ratings on Galaxy Casino's

Gambling in Macau is Over for Mainland Officials

Since Beijing tightened control over its officials, the days when mainland civil servants would spend money like water in Macau's casinos have gone forever, a senior official of China's Supreme People's Procuratorate said yesterday. Ye Feng, the director of supreme procuratorate's department of foreign affairs, said on at the Fourth China-ASEAN Attorneys-General Conference in Macau that

Wynn Bets on Macau, Says Obama Damps Vegas Outlook

Billionaire Steve Wynn said he will build a third resort in Macau while skipping potential opportunities in Las Vegas because the Obama administration’s policies “do not encourage investment.” Wynn, chairman of Wynn Resorts Ltd., may start construction of a resort in Macau by the end of next year, with an opening scheduled in 2014, he said

Wynn Resorts Opens New Macau Casino, May Move Las Vegas Company

Steve Wynn is the type casino mogul who likes to get people's attention when he talks. That is why the news that came out of his appearance on CNBC was met with equal excitement as the new casino Wynn opened in Macau. The casino news came from Wynn Resorts opening their new Macau casino with much

The Venetian Macau Welcomes Federer and Sampras

The Venetian Macao Resort Hotel, a Las Vegas Sands Corp. property, today announced it will play host to a historic match between two of the greatest tennis players of all time. [youtube]http://youtube.com/watch?v=tjigSCtN3Q4[/youtube] Current World No. 1 Roger Federer will take on former No.1 Pete Sampras, in what is set to be one of the most anticipated events

Stanley Ho Raises US$650 Million Loan for Grand Lisboa

Sociedade de Jogos de Macau SA , controlled by gaming tycoon Stanley Ho, was set to sign on Monday in Macau its HK$5 billion five-year amortising term loan for the newly built Grand Lisboa Casino, which opened in February this year, banking sources said.BNP Paribas , Industrial & Commercial Bank of China Macau and Macau's

US gaming mogul to build new Macau casino

HONG KONG — US gaming mogul Steve Wynn plans to build a major new casino in Macau that could open as early as 2013, a report said Wednesday, as the Asian enclave continues to see gambling revenue soar. Construction on a 21-hectare (52 acre) parcel of land in Macau's Cotai Strip would start next year with

LVS Macau Cotai Casino Will Have Enough Gaming Tables

Las Vegas Sands Macau venture Sands China has announced it’s expansion project on Macau’s Cotai strip will open in the third quarter of 2011 and will have 670 gaming tables. Although less than the 1000 in the new Marina Bay Sands in Singapore 670 would still be a reasonable number given the Macau government’s statement