Las Vegas Sands Corp offered a peek on Thursday at a $150-million Cirque du Soleil show that will open at the Venetian Macau, the casino operator’s latest high-stakes bet that it can get visitors to the Asian city to do more than gamble.

The dreamy “Zaia” features dancers and acrobats depicting a story of a girl who ventures into outer space in Asia’s first permanent Cirque du Soleil installation. It has an initial contract of 10 years.

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Posted in Cirque du Soleil, Cotai Strip, Las Vegas Sands, Venetian Macao No Comments »

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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Posted in Asia Casinos, Las Vegas Sands, MGM Grand Macau, MGM Mirage, Macau Casino, Singapore Casino, Wynn Macau No Comments »

It appears that investors have for the last 3 months have been seriously dumping Macau Casino related stocks, you just have to look at the numbers below to give you some indication. The question remain will they ever recover again to previous highs? It may be a blessing in disguise that Stanley Ho’s IPO has been blocked after all!

Read full story :: Macau Related Casino Stocks Dropping Over 55%

Posted in James Packer, Las Vegas Sands, MGM Mirage, Melco Crown, Sheldon Adelson, Stanley Ho, Wynn Resorts No Comments »

Another bad day for Las Vegas Sands (LVS) and gaming shares in general. The stock is down again quite dramatically, off by $3.53, or 3.70%, to $91.84 as another piece of the bull case for the stock is coming undone. It wasn’t weak numbers from Macau today, but rather it was a lousy and decidedly bearish December jobs report that is leading investors toward the exits. According to wire reports, the December report showed a gain of 18,000 jobs last month as the unemployment rate went up to 5%.

See more: Las Vegas Sands Shares Drop On Lower Macau Revenue Growth

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Posted in Cotai Strip, Las Vegas Sands, Sands Macau, Venetian Macao No Comments »

Cotai Waterjet (Macau) Limited will begin officially sailing from the Taipa Temporary Ferry Terminal. Although the terminal was opened on October 16, neither of the two companies granted a license to operate from the facility was ready to sail.

Courtesy: Destination Macau

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Posted in Cotai Strip, Las Vegas Sands, Macau Ferry, Macau Tourism, Venetian Macao No Comments »

The results from Wynn Resorts’ third quarter were great. Operations in Macau are kicking it up a notch, and the flagship Las Vegas hotel is likewise performing well. Too bad investors were already expecting all that — and more.

The business
Net revenue for the third quarter more than doubled, thanks largely to a full quarter of operations from Wynn Macau. Adjusted property EBITDA (EBITDA adjusted for expenses such as stock-based compensation and pre-opening expenses) grew even faster, and increased as a percentage of revenue from 25.0% to 28.5%.

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Posted in Cotai Strip, Las Vegas Sands, MGM Mirage, Macau Business, Macau Casino, Steve Wynn, Wynn Macau, Wynn Resorts No Comments »

The Macao Special Administrative Region Government signed on October 29, 2007 a concession contract for operating maritime passenger services between Taipa Ferry Terminal, Macao and Hong Kong with COTAI Waterjets (Macau) Limited, which is owned by Las Vegas Sands.

The signing ceremony took place in the Office of the Secretary for Transport and Public Works, with the contract signed by the Secretary for Transport and Public Works, Lau Si Io, on behalf of the Macao SAR Government with COTAI Waterjets (Macau) Limited. The concession contract comes into effective from tomorrow onwards, for a term of 20 years.

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Posted in Cotai Strip, Economy & Business, Infrastructure, Las Vegas Sands, Macau Business, Macau Ferry, Macau General, Macau Tourism No Comments »

Galaxy Entertainment Group has sold 20% of its business to the private equity firm Permira for about US$840 million, as it wishes to take a stake in what is now the world’s largest gambling arena.

The equity firm has said it will be paying HK$6.5 billion for a 20 percent stake in Galaxy Casino’s company, which now is building the second largest casino in the world, the GalaxyWorld Resort.

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Posted in Cotai Strip, Galaxy Entertainment, Galaxy Mega Resort, Galaxy Star World, Las Vegas Sands, Macau Business, Macau Casino, Wynn Resorts No Comments »