Entries Categorized as 'MGM Mirage'
July 25, 2008
Pansy Ho, daughter of gaming tycoon Stanley Ho and managing director of Shun Tak Holdings Ltd., and part-owner of MGM Grand Macau talked with Bernard Lo in Macau, >>watch interview here.
In the interview with Bloomberg TV Pansy Ho discusses about the latest Macau government measures to curb a gambling expansion in the city, the potential impact on the second MGM Mirage casino venture on the Cotai Strip, and SJM Holdings Ltd.’s trading debut in Hong Kong.
Posted in MGM Grand Macau, MGM Grand Paradise, MGM Mirage, Pansy Ho, STDM | SJM 
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February 21, 2008
There is little mention about their Macau Casinos, except on the Dec. 18 opening of the $1.25 billion MGM Grand Macau, a 50% joint venture in the Chinese gambling enclave of Macau, which had preopening and start-up expenses in the 2007 quarter of $25 million related to the preopening expenses at MGM Grand Macau. It also recently obtained funding for what Lanni called “seed money” for a second project on Macau’s Cotai Strip.
Casino giant MGM Mirage Inc. reported soaring fourth-quarter profits Thursday, including a hefty gain related to its CityCenter project under construction on the Las Vegas Strip.The world’s second-largest casino company said net income surged to $872.2 million, or $2.85 per share, in the period ending Dec. 31, compared with $201.6 million, or 69 cents per share, in the same period in 2006.
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Posted in Cotai Strip, MGM Grand Macau, MGM Grand Paradise, MGM Mirage No Comments »
January 24, 2008
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 »
January 18, 2008
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 »
December 28, 2007
The efforts by MGM Mirage to open a casino halfway around the world have led to a review of whether there’s a conflict of interest within the New Jersey Division of Gaming Enforcement.
For nearly three years, the division has been conducting an investigation into MGM’s partner in the Chinese enclave of Macau. The partner, Pansy Ho, is the daughter of gambling magnate Stanley Ho, who for decades has been suspected of having connections to the Chinese mob.
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Posted in MGM Grand Paradise, MGM Mirage, Pansy Ho No Comments »
December 25, 2007
The US based entertainment firm MGM Mirage and Dubai World could make joint investments in Macau and the mainland, according to MGM’s Chairman and CEO Terry Lanni and cited by the Financial Times.
Lanni, who has just seen MGM open MGM Grand Macau, its first casino in Macau, said the projects would be ‘non-gaming’.
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Posted in MGM Grand Macau, MGM Grand Paradise, MGM Mirage, Macau Business, Macau Casino No Comments »
December 19, 2007
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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Posted in Asia Casinos, MGM Grand Macau, MGM Grand Paradise, MGM Mirage, Macau Business, Macau Casino No Comments »
December 19, 2007
MGM Mirage said yesterday it was unconcerned about the overcapacity of hotels and casinos in Macau, a day before it opens its casino. MGM Mirage chief executive officer Terry Lanni also dismissed fears about rising construction costs as foreign companies poured in billions of dollars into building casinos and hotels to tap the booming gaming market.
MGM Grand Macau on “The Strip”
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Posted in MGM Grand Macau, MGM Grand Paradise, MGM Mirage, Macau Business, Pansy Ho No Comments »
