Entries Categorized as 'Sands Macau'
August 19, 2007
This month’s opening of The Venetian Macao hotel-casino in the Chinese gambling enclave is the culmination of three quarters of a century of Las Vegas history built “in one fell swoop,” according to the president of the company behind the transformation.
In a conference call with reporters Thursday, William Weidner, president of Las Vegas Sands Corp., said the 3,000-suite casino complex set to open Aug. 28 would help change a gambling den for day-trippers into an elegant resort destination.
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Posted in Cotai Strip, Hotel Macau, Las Vegas Sands, Sands Macau, Venetian Macao 
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April 4, 2007
Three gambling operators became six. Nowadays, there are many more in Macau sharing the gross gaming revenue without a concession. All because the system has been changing since the 1980’s. Official sources are saying that presently “the system is on the verge of its breaking point”. Up against the wall, the government will react by changing the law. The first step is to bar new entrances, such as Star Cruises, Richard Branson or Donald Trump.
More and more companies not holding concessions or subconcessions continue entering the market and share the oligopoly’s revenues. Several sources reached the same conclusion and pointed out that a meltdown will occur if Law 16/2001 - which sets the regulatory framework of the system - is not changed and if the government is not willing to take a stand.
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Posted in CapitaLand, Macau Business, Melco Crown, STDM | SJM, Sands Macau, Stanley Ho No Comments »
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.
Adelson, ranked No. 3 of Forbes magazine’s list of the richest Americans, noted that many people, especially Congress members, like to criticize China for its human rights record and other problems. But he said he liked the way the Chinese run their country.
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Posted in Cotai Strip, Sands Macau, Sheldon Adelson, Social and Politics, Venetian Macao No Comments »
February 24, 2007
The Sands Macau casino must pay a HK$740,000(US$95,000) jackpot to the mother of an underage girl who won the money earlier this week while playing a slot machine at the casino, gaming regulators in Macau have said.
However, the Gaming Inspection and Coordination Bureau also barred the mother from entering any of the enclave’s casinos - for a period yet to be determined - as a punishment for taking her 16-year-old daughter to the casino.
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Posted in Macau Business, Macau Casino, Macau General, Macau News, Sands Macau No Comments »
February 14, 2007
Interesting observation about the latest investment opportunities in Macau. Of course, we are not endorsing or recommending any stock here at Macau Daily Blog. So we would like to hear your comments on what you think John’s stock recommendation is! Here is a hint, let’s forget about The Venetian Macao, but this year’s other openings are Crown Macau, Ponte 16 Casino and the MGM Grand Macao.
A lot of Americans are familiar with Sun Tzu’s famous book, The Art of War. But most people have never heard of the Thirty-Six Ancient Strategies of China.
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Posted in Casino Ponte 16, Cotai Strip, Las Vegas Sands, MGM Grand Macau, MGM Mirage, Macau Casino, STDM | SJM, Sands Macau, Venetian Macao, Wynn Macau No Comments »
February 14, 2007
Wall Street expects Macau casino revenue, which hit $7 billion in 2006, to grow to anywhere from $10 billion to $15 billion in 2010. The Vegas strip of mega-resorts generated $6.69 billion in gambling revenue last year. Las Vegas Sands Corp, will be opening “The Venetian Macao” resort that shares the name of its Vegas casino and will be one of the first examples of a project that duplicates the glitz of the U.S. gambling capital in the only place to allow casinos in China.
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Posted in Cotai Strip, Hengqin Island, Las Vegas Sands, Macau Tourism, Sands Macau, Venetian Macao, Wynn Resorts No Comments »
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.
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 »
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.
Las Vegas Sands Corp.’s quarterly profit rose 3 percent as gamblers lost more money at its Vegas casino, but results from its property in fast-growing Macau fell short of investors’ expectations and its shares fell nearly 2 percent.
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Posted in Cotai Strip, Las Vegas Sands, Macau Business, Macau Casino, Sands Macau, Sheldon Adelson, Venetian Macao, Wynn Resorts No Comments »
