Macau is fast overtaking its rival Hong Kong as the fastest-growing area for residential hotel and retail property prices.

One of the largest projects is the US$2.1 billion City of Dreams being built by Leighton Asia, China State and John Holland, on behalf of the Melco PBL development company - owned by Lawrence Ho’s Melco gambling company and James Packer’s Crown group.

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Posted in City of Dreams, Crown Macau, Four Seasons Macau, Grand Lisboa, Marriott Cotai, Sofitel Ponte 16, Venetian Macao No Comments »

Macau billionaire Stanley Ho paid a record $330,000 for a white truffle at a charity auction, beating competing bids from the U.K. artist Damien Hirst and Sheik Mansoor Bin Zayed al Nahyan of Abu Dhabi, the organizers said.

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Posted in Grand Lisboa, Macau Business, STDM | SJM, Stanley Ho No Comments »

I must say after seeing a few of the newer casinos again in Macau that the Grand Lisboa Casino is definitely the most beautiful looking casino, this is both inside and outside, in town. Behind a dropback of clear blue skies, this is a building to behold!

Just seeing the sight of this building from many different locations, is just a sight to behold. Dr Stanley Ho definitely is on a sure winner here and during our visit there the casino floors were packed! Also his lobby interiors are just awesome, just have a look at this picture below to believe it!

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Shares of casino companies with interests in Macau plunged after preliminary data showed growth in Macau gambling revenues were below expectations, analysts said.

Analyst Celeste Mellet Brown said early figures showed September gambling revenue in the southern Chinese gambling enclave grew 55 percent from the previous year, below her forecast for more than 75 percent growth. The official data is due out in about six weeks, Brown, of Morgan Stanley, said.

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Posted in Cotai Strip, Crown Macau, Grand Lisboa, Las Vegas Sands, MGM Grand Macau, Melco PBL, Venetian Macao, Wynn Resorts No Comments »

Six months ago I witnessed Stanley Ho announce a deal to partner with Steve Wynn on the Hong Kong airport-to-Macau helicopter concession.

During the Wynn Macau preopening banquet, Ho stood up in front of the assembled dignitaries and made a big deal out of the supposed partnership.

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Posted in Grand Lisboa, Macau Business, Macau Casino, Macau News, Stanley Ho, Steve Wynn, Wynn Macau, Wynn Resorts No Comments »

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.

He invited the former Sands dealers to apply for jobs, declaring that “it is our duty of care to the Macao community to employ quality, talented local Macao residents and to nurture them for a long and successful career with our company.”

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Posted in Economy, Employment, Grand Lisboa, Macau Business, Macau Casino, Macau General, Sands Macau, Sheldon Adelson, Stanley Ho No Comments »

You must give it to the Dr Stanley Ho who is a healthy 85-year old and still is calling the shots in Macau. He just opened two casinos in the last two months, first in December 2006, the Babylon Casino followed yesterday by The Grand Lisboa. If that is not enough he is hoping to follow up with Ponte 16 Casino later this year as he wants to give the foreign invasion a run for their money, well I guess we just have to wait and see!

But, meanwhile at his palatial homes across Hong Kong, he bows to his wives.

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Posted in Babylon Casino, Casino Ponte 16, Grand Lisboa, Macau Casino, Stanley Ho No Comments »

Billionaire gambling king Dr Stanley Ho celebrated the long-awaited opening Sunday of his Grand Lisboa casino, a gleaming gold complex. More than 15,000 gamblers on Sunday jammed into the new casino owned by Stanley Ho who is trying to fend off an invasion by Las Vegas tycoons who have been gobbling up market share in the booming Chinese territory of Macau.

Watch the opening of the Grand Lisboa!

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Posted in Casino Ponte 16, Entertainment, Grand Lisboa, Macau Casino, Stanley Ho, Steve Wynn No Comments »