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!
So where does this leave Dr Stanley Ho’s empire, well SJM/STDM has plans to over the next three years to spend more than US$1.4 billion on six new projects. This investment compared to what Galaxy, Melco PBL, Las Vegas Sands and Wynn are spending on their casinos is really peanuts! Please tell me more! »
Posted in Macau Business, Macau Casino, STDM | SJM, Stanley Ho 
No Comments »
January 24, 2008
Asia’s casinos, including Macau, need strong internal controls and surveillance to guard against organised efforts to cheat them, a member of the Nevada Gaming Control Board said on Wednesday.
While Las Vegas once had a reputation for mafia infiltration, Randall Sayre told reporters that those now attempting to cheat its casinos “are not necessarily connected to traditional organised crime as one would anticipate.”
Please tell me more! »
Posted in Asia Casinos, Las Vegas Sands, MGM Grand Macau, MGM Mirage, Macau Casino, Singapore Casino, Wynn Macau No Comments »
January 18, 2008
It appears that investors have for the last 3 months have been seriously dumping Macau Casino related stocks, you just have to look at the numbers below to give you some indication. The question remain will they ever recover again to previous highs? It may be a blessing in disguise that Stanley Ho’s IPO has been blocked after all!
Read full story :: Macau Related Casino Stocks Dropping Over 55%
Posted in James Packer, Las Vegas Sands, MGM Mirage, Melco Crown, Sheldon Adelson, Stanley Ho, Wynn Resorts No Comments »
January 6, 2008
According to the report, the single mother told police she had left the boy alone on December 7 because “he was disobedient” and she “wanted him to learn how to cook, clean and look after himself.”
The 45-year-old mother then travelled to Macau to “relieve her boredom” by visiting casinos, the South China Morning Post reported.
Please tell me more! »
Posted in Macau Casino, Macau Gaming, Macau General, Social and Politics No Comments »
January 6, 2008
The Macau Daily Times reported that Japan could soon follow in Macau’s footsteps by overhauling its strict gaming laws and aiming to lure rich Asian tourists to boost its economy if Japanese lawmakers approve a bill to legalise casinos in the country. Japan’s ruling party and the government are expected to begin talks this month on a proposal to legalise casinos, an adviser to the party said yesterday.
Read full story :: Japan to Legalize gambling>>
Posted in Asia Casinos, Macau Business, Macau Casino, Macau Gaming 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.
Ten Macau gambling representatives signed a new agreement this month to take their high rollers to the Crown Macau, which opened in May. The casino is operated by Melco PBL, a joint venture between Australian tycoon James Packer and Hong Kong businessman Lawrence Ho, son of Macau casino pioneer Stanley Ho.
Please tell me more! »
Posted in Cotai Strip, Crown Macau, Macau Casino, Venetian Macao, Wynn Macau No Comments »
November 27, 2007
During our recent visit to Macau, we received information that Dr Stanley Ho’s SJM are preparing to start the construction of the massive Oceanus Casino project.
Oceanus Casino
Please tell me more! »
Posted in Macau Casino, Oceanus Casino, STDM | SJM, Stanley Ho No Comments »
November 23, 2007
Nine days after registering his presidential exploratory committee last November, Rudolph Giuliani appeared in Singapore to help a Las Vegas developer make a pitch for a $3.5 billion casino resort. Though the bid ultimately failed, and there was nothing illegal about the involvement, it drew Giuliani into a complex partnership with the family of a controversial Hong Kong billionaire who has ties to the regime of North Korea’s Kim Jong Il and has been linked to international organized crime by the U.S. government.
Giuliani’s participation as a security consultant in the Singapore gambling venture illustrates the challenge he faces while attempting to win the Republican presidential nomination with a law-and-order message while maintaining a far-flung, international business portfolio, an unknown portion of which remains in the shadows.
Please tell me more! »
Posted in James Packer, Lawrence Ho, Macau Casino, Melco Crown, Pansy Ho, Stanley Ho No Comments »
