March 18, 2008
It has been a year of activity and inactivity, events and non-events, giddy successes and flops, and most of all, lessons on what to do or not to in Macau.Stanley Ho’s SJM unveiled its answer to the new operators, the Grand Lisboa, in February 2007. Then came Crown Macau in April 2007, the gargantuan Venetian Macao in September 2007, followed by MGM Grand Macau in December 2007, followed lastly by Stanley Ho’s Ponte 16 Casino on 1 February 2008.
Some readers have raised eyebrows on the lack of commentary on my part on the new SJM properties, saying that I focused purely on the new entrants to the market.
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March 15, 2008
According to the chief of the Gaming Inspection and Co-ordination Bureau (DICJ), Macau casinos have the tightest and most modern security of all the world’s gaming venues.
Arriving back from a trip to London, which included informal discussions with European gaming regulators, Manuel Joaquim das Neves said the security in Macau is the best he has ever seen.
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March 14, 2008
Innovation in the casino industry is rare these days. Our industry has been labeled a copy-cat industry since we tend to copy more than we create. There is nothing wrong with that as long as it is legal and everyone benefits. However, there is still plenty of room for creativity and innovation in casinos.
This month’s kudos for casino innovation goes to Mike Barlow, Vice President of Food and Beverage at Twin River Casino and the Twin River Casino management team. Mike and the executive team at Twin River Casino are the first casino management team to make an innovative decision to private label an energy drink for their casino.
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March 12, 2008
Macau’s gaming revenue for this year is expected to see a double-digit increase, the total of which will reach US$12.5 billion, said Lau Pun Lap, member of the Legislative Assembly.
He estimated that this year’s gaming revenue growth will be lower than last year, but as industry development keeps its momentum, a double-digit increase can be sustained this year. Please tell me more! »
Posted in Cotai Strip, Economy, Economy & Business, Macau Business, Macau Casino, Macau General, Macau Government No Comments »
March 12, 2008
Macau’s gaming revenue for this year is expected to see a double-digit increase, the total of which will reach US$12.5 billion, said Lau Pun Lap, member of the Legislative Assembly.
He estimated that this year’s gaming revenue growth will be lower than last year, but as industry development keeps its momentum, a double-digit increase can be sustained this year.
Please tell me more! »
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February 23, 2008
Local legislator and president of CAA City Planning and Engineering Consultants, Jose Sai-Peng Chui, presented diagrams showing how new land developments earmarked for urban development were switched to almost 100 per cent hotel and gaming use.
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Posted in Infrastructure, Macau Casino, Macau General, Macau Government, Macau Real Estate, Social and Politics No Comments »
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 »
February 4, 2008
Melco PBL Entertainment (Macau) Limited, a developer and owner of gaming and entertainment resort facilities, announced that its luxury hotel and casino “Crown Macau“, has won the “Best Casino Interior Design Award” in the 1st “International Gaming Awards 2008″ recently held in London, UK.
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Posted in Asia Casinos, Crown Macau, James Packer, Lawrence Ho, Macau Business, Macau Casino, Melco Crown No Comments »
