Don King and Bob Arum tried to bring Boxing here, said Sal Musumeci President and CEO of Final Forum Boxing. Not only did we bring it here we leave here with a new champion with his eyes set on one of the World Champions! Musumeci was on cloud nine following the lopsided Unanimous Decision scored by Heavyweight contender Derric Rossy over Ray Mercer at the Venetian Macao in Macau China last night.

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Asia’s casinos, including Macau, need strong internal controls and surveillance to guard against organised efforts to cheat them, a member of the Nevada Gaming Control Board said on Wednesday.

While Las Vegas once had a reputation for mafia infiltration, Randall Sayre told reporters that those now attempting to cheat its casinos “are not necessarily connected to traditional organised crime as one would anticipate.”

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The world famous seven-star The Plaza Hotel in New York is looking to possibly establish a Plaza branded hotel casino in Macau. This shows that Macau and the Cotai Strip are still being seriously considered by the top hotel brands. The big question remains where will all the sites be to put them?

They also have announced plans for a US$8 billion Plaza Casino in Vegas and plan to set-up in Singapore as well.

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The Macau Daily Times reported that Japan could soon follow in Macau’s footsteps by overhauling its strict gaming laws and aiming to lure rich Asian tourists to boost its economy if Japanese lawmakers approve a bill to legalise casinos in the country. Japan’s ruling party and the government are expected to begin talks this month on a proposal to legalise casinos, an adviser to the party said yesterday.

Read full story :: Japan to Legalize gambling>>

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Gaming giant MGM Mirage on Tuesday raised the curtain on its only casino resort outside the United States with a glitzy opening ceremony in the world’s biggest gambling hub of Macau.

MGM Grand Macau, half-owned by MGM Mirage and half by Pansy Ho, daughter of the original Macau casino mogul Stanley Ho, joins its rivals in trying to attract the hordes of Chinese gamblers from across the border.

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Morgan Stanley strategist Rob Hart is cautious about Macau gaming stocks.
Competition is intensifying as established casino operators compete in a relatively small area, but at the same time new casinos are creating job opportunities which are going to boost Macau’s residential property sector, according to a Morgan Stanley strategist.

Additional casinos, retailers and hotel spaces in Asia’s Las Vegas will outstrip demand over the next three years, the US investment bank argues in a research report. VIP revenue per table will halve and mass revenue per table will fall 40% over the coming three to four years.

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Singapore has briefed the head of the southern Chinese gambling enclave Macau about the city-state’s plans for two gaming resorts, the trade minister said Monday.

Lim hng Kiang was speaking to reporters after Macau chief executive Edmund Ho ended a two-day visit to Singapore over the weekend.

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Singapore companies and investors are now starting to look at opportunities in Macau, particularly in its booming gaming industry.

A memorandum of understanding (MOU) was signed on Friday, giving a boost to business relations between the two parties.

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Posted in CapitaLand, Economy & Business, Macau Business, Macau Casino, Macau General, STDM | SJM, Singapore Casino No Comments »