January 26, 2008
SJM, which operates 18 of Macau’s 28 casinos, has been trying to list it’s IPO with aims to raise US$1 billion by selling a 25 percent stake. SJM, which once had a monopoly on Macau gambling, accounted for 42 percent of the territory’s gaming revenue at the end of last year. This percentage is expected to drop to around 20 percent next year, apparently during the first two weeks of 2008 SJM’s share has reportedly dropped to 31 percent. On top of this profit for 2007 is expected to have fallen about 50 percent to US$156 million, down from US$312.5 million a year earlier, this surely must hurt them!
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Posted in Macau Business, Macau Casino, STDM | SJM, Stanley Ho 
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January 13, 2008
The world famous seven-star The Plaza Hotel in New York is looking to possibly establish a Plaza branded hotel casino in Macau. This shows that Macau and the Cotai Strip are still being seriously considered by the top hotel brands. The big question remains where will all the sites be to put them?
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Posted in Asia Casinos, Cotai Strip, Hotel Macau, Macau Casino, Macau Property No Comments »
January 11, 2008
Yesterday’s grand opening of the Macau International Jewellery and Watch Fair on the Cotai Strip was invaded by two purported buyers who allegedly swapped a genuine three-carat diamond with a replica.
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Posted in Macau General, Macau News, Macau Trade Fairs, Social and Politics No Comments »
January 10, 2008
January 10, 2008
The first-ever Macau Jewellery and Watch Fair opened today, further proof that this former Portuguese colony is giving Las Vegas a run for its money.
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Posted in Economy & Business, Exhibition, Macau Events, Macau General, Macau Trade Fairs, Venetian Macao No Comments »
January 1, 2008
A decision to change where some of Macau’s top junket operators bring their big-spending customers could be troublesome for Las Vegas Sands Corp. and Wynn Resorts Ltd.
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Posted in Cotai Strip, Crown Macau, Macau Casino, Venetian Macao, Wynn Macau No Comments »
December 25, 2007
As was about to happen sooner or later, the Venetian Macao has won the title of having the first murder case at its Cotai Strip Casino. The 39-year-old Mainland woman linked to the Venetian fire was established by the Judiciary Police as having been strangled. Police arrested the alleged murderer on Friday before he managed to leave Macau. The woman also died that day, two days after the fire that broke out at the Venetian Macao Resort Hotel on Wednesday.
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Posted in Cotai Strip, Macau General, Macau News, Social and Politics, Venetian Macao No Comments »
December 7, 2007
Galaxy Entertainment Group announced a third quarter drop in revenue for the company as a whole and for its flagship casino Galaxy StarWorld yesterday.
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Posted in Casino Ponte 16, Cotai Strip, Galaxy Mega Resort, MGM Grand Macau, Macau Casino No Comments »
