Entries Categorized as 'Sheldon Adelson'

Venetian Macau Construction Cost Blow-out

Date March 6, 2007

We already have mentioned a few times about the lack of quality labor and contractors in Macau. The Venetian Macau are not the only ones, Crown Macau, MGM Grand Macau, Grand Lisboa and Ponte 16 all have massive construction costs overruns. But then again we would imagine that their projected gaming income should be good enough to cover for these overruns!

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Adelson Supports China Regime

Date March 2, 2007

Casino tycoon Sheldon Adelson, one of America’s wealthiest people, dismissed critics of China on Thursday, saying the Chinese are living a good life and the United States shouldn’t try to police the entire world.The capitalist from Las Vegas defended the communist regime as he checked on the progress of a $2.3 billion casino resort he is building in Macau on China’s southeastern coast. The tiny city is the only place in China where casino gambling is legal.

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Macau Grand Prix Museum Visitors Up 22%

Date February 27, 2007

The number of visitors to the Macau Grand Prix Museum saw a 22 percent increase in 2006, with individual travelers gaining more weight compared to those brought by travel agencies to see one of the city’s main drawcards.

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Croupier Shortages Are Becoming A Serious Problem

Date February 13, 2007

It was too good an opportunity for Stanley Ho to ignore.

When the Macao gaming tycoon’s arch-rival, Sheldon Adelson, chairman and chief executive of Las Vegas Sands Corp., sacked 160 dealers at the Sands Macao in November for not being up to snuff, Ho was quick to take advantage.

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Honeymoon Over For Las Vegas Sands?

Date February 6, 2007

Well not really a honeymoon, but it appears that competition is starting to bite. With another 4-6 casinos opening this year, including the massive Grand Lisboa before the Chinese New Year, it will be interesting to see what Las Vegas Sands Q-1 results is going to be. The Venetian Macao is scheduled for a soft opening later this year on a date to be announced.

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Las Vegas Sands to Break Ground in Hengqin (Update1)

Date January 15, 2007

“Contrary to earlier reports, it seems that approval still has to be given to Las Vegas Sands. Shares of casino operator Las Vegas Sands Corp. have shot up on a misleading report that the Chinese government had given the green light to a Sands resort complex on an island neighboring the gambling enclave of Macau.

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Rivals Raising The Stakes in Macau

Date January 4, 2007

This a detailed report about the latest casino happenings in Macau

Courtesy -The Standard | The Hotel Lisboa used to be the only game in Macau. The birdcage-shaped casino has welcomed Chinese playing baccarat, blackjack and Asian dice game sic bo- amid smoke-stained walls and frayed carpets for 35 years.

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Macau To Start Airport Expansion In 2007

Date December 7, 2006

This is going to be crucial to the success of the Cotai Strip, Macau so far has received over 20 million visitors this year. It is expected that this will double by the end of 2010, so that is 40 million visitors of which more than 25% are set to arrive by air. And I think it will be more than that as the Cotai Strip will get most of its visitors from outside Asia that will be attending conferences and exhibitions.

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