Archive for May, 2010

Victorino Torres Wins APPT Macau Main Event

PokerStars qualifier Victorino Torres just gave a whole new meaning to the phrase, "V for Victory." The 33-year-old attorney from the Northern Mariana Islands* won the 4th annual PokerStars.net APPT Macau Main Event, turning a victory in a $22 rebuy satellite on PokerStars into more than $3.2 million HKD (approx. $416,000 USD). Torres entered the final

Galaxy Entertainment Upbeat About Macau Casino Market

Galaxy StarWorld performing well even in an increasingly competitive market Galaxy Entertainment Group Limited, one of Asiaâ€™s leading gaming and entertainment groups, announces selected unaudited key performance indicators for the first quarter of 2008. Financial Highlights: â€¢ Gross Group revenues of HK$2.72 billion (Q1 2007: HK$2.89 billion) â€¢ Group EBITDA of HK$210 million (Q1 2007: HK$267 million) â€¢ StarWorldâ€™s gaming

Macau News October 2007

APEC says wait Macau will remain in the long queue of candidates seeking to join the Asia Pacific Economic Cooperation (APEC) forum. How long? At least three years, according to a recent APEC meeting in Sydney. Why wait? No reason was given by Australian Prime Minister John Minister, who announced the wait time at the meeting.

Sands China Closes US$1.75 Billion Financing Deal

Sands China Ltd., a subsidiary of Las Vegas Sands Corp. announced the successful closing of a us$ 1.75 billion project financing which will be used to complete construction on the combined Shangri-La, Traders, and Sheraton resort complex (parcels 5 & 6) at the company's Cotai Strip development in Macau. "The completion of the Shangri-La, Traders, and

Feast of The Drunken Dragon

If eating and entertaining appeals, you should consider participating in the unique festivals on the eighth day of the fourth month of the lunar calendar (May 24), on which occasion three feasts occur. Visitors are welcome to participate in the celebrations on the Macau Peninsula and in Taipa and Coloane. Feast of the Drunken Dragon --

Casino de Mississippi Macau Still to Go Ahead?

As usual with every Stanley Ho project, very little is known about this project, except that it will be built by Stanley Hoâ€™s STDM/SJM on the Fishermanâ€™s Wharf Phase II development. What we know is that there are plans to build the Mississippi Queen Hotel and we would think that it would make sense to have

Macau Casino Revenue Probably Rose by 90%, CLSA Says

May 19 (Bloomberg) -- Macau casino gambling revenue for the first two weeks of this month probably increased by 90 percent to 9 billion patacas ($1.12 billion) from a year earlier, according to CLSA Ltd. Revenue growth for casinos in the only Chinese city where they are legal is "accelerating, rather than slowing down because of

Melco Crown Cashed Up to Complete City of Dreams in Macau

Melco Crown Entertainment Limited seeks to update the status of progress at City of Dreams on the Cotai Strip, its flagship integrated casino hotel resort development in Macau, in response to recent turbulence in global financial market conditions and certain press reports. City of Dreams remains fully on target to open to the public during the

Wynn Says Casino Base Could Move From Vegas to Macau

Steve Wynn, one of the people who shaped modern Las Vegas, said Thursday that he would move his company's headquarters in as soon as four years to the Chinese gambling enclave of Macau, where he believes the bulk of his firm's future growth will be. The discussion of whether relocate to Macau by the person who

Gaming Law Under Review

The Government will soon present a proposal for the revision of the Gaming Industry Regulatory Framework law, the main legislation governing casino activities in the territory, the Macau Business reported yesterday. The main goal is to increase the minimum age for entering casinos from 18 to 21, but other changes will be made, Fernando Vitória, legal