November 23, 2007Hong Kong actress Josie Ho is no princess. No wonder she’s No. 8 on a Forbes list of 20 most intriguing billionaire heiresses. She is the only Chinese woman on the list comprising mostly Americans.
Don’t get the idea she is a boring princess. In fact, she calls herself the “little black sheep” of her family. She is a rebel with an ultra-rich dad and an indie music rocker who revels in playing prostitute roles.
Posted in Macau Casino, Pansy Ho, Stanley Ho 
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November 20, 2007Total receipts and total expenditure of the Macau gaming sector amounted to US$ 7.25 billion and US$ 3.82 billion, up by 22% and 28% respectively over 2005. Gross value added, a measure of the sector’s contribution to the economy, rose by 22% to US$ 4.26 billion; gross fixed capital formation soared by 284% over 2005 to US$ 448 million.
Total receipts of the gaming sector reached US$ 7.36 billion in 2006, of which the receipts from gaming services amounted to US$ 7.31 billion, an increase of 22% compared with 2005. Interest receipts totalled US$ 41.5 million.
Posted in Economy, Macau Business, Macau Casino, Macau Gaming No Comments »
October 31, 2007Recent moves to diversify Macau’s economy with the development of integrated resorts such as the Venetian Macao and MGM Grand are luring eager visitors and spurring growth.
But while the cash and chips flow fast and furious on Macau’s gambling tables, the story is different on the road. Traffic congestion, hour-long taxi queues, and huge crowds at border gates - all that is getting worse as the city lights glow brighter.
Posted in Cotai Strip, MGM Grand Macau, Macau Business, Macau Casino, Venetian Macao No Comments »
October 7, 2007James Packer’s third Macau casino, Trinity, is expected to cost at least $US675 million ($767 million) and open in late 2010, according to investor presentations to analysts by Melco PBL Entertainment in Macau.
Trinity Macau
Posted in City of Dreams, Cotai Strip, Crown Macau, James Packer, Lawrence Ho, Macau Casino, Melco Crown, Trinity Macau No Comments »
October 6, 2007Even as Macau’s new resorts become more like those on the Strip, their American owners see them as a gateway to Las Vegas for Asian players
When the Macau government opened its gambling market to foreign investment a few years ago, it sought companies that could help transform the Chinese seaport from a seedy outpost into a top luxury resort destination where gambling is but one of many popular attractions.
Posted in Cotai Strip, Las Vegas Casino, Macau Casino, Sands Macau, Wynn Macau No Comments »
October 5, 2007A District Court judge Wednesday set back efforts by casino operator Sheldon Adelson to keep sealed pretrial depositions and other business information that his attorneys said could threaten the billionaire’s growing Chinese operations.
Rusty Hardin and Sam Lionel, attorneys for the Las Vegas Sands Corp., argued during a hearing in a case filed more than 18 months ago that releasing the sealed information could put the casino operator’s Macau gaming license in jeopardy.
Posted in Las Vegas Sands, Macau Business, Macau Casino, Macau General, Sheldon Adelson, Social and Politics No Comments »
October 5, 2007Across the Far East casinos are coming in from the cold as gaming becomes a truly global mainstream leisure activity. Singapore has lifted its decades-old ban, South Korea’s casino industry is expanding rapidly and both Taiwan and Japan are considering legalisation.
Macau is the glittering jewel in Asia’s gaming crown. The Chinese owned peninsula has now overtaken the Las Vegas Strip to become the world’s largest gaming market with revenues of US$7 billion, and is expected to be worth up to US$13 billion by 2010.
Posted in Cotai Strip, Entertainment, Macau Business, Macau Casino No Comments »
May 5, 2007MGM Mirage Chairman Terry Lanni is confident his company’s joint venture in Macau with a controversial Chinese businesswoman will be approved by New Jersey gaming authorities, even though one Wall Street analyst believes the casino operator will dump its vast Atlantic City real estate holdings if the partnership is rejected.
Gaming regulators in Nevada and Mississippi have approved MGM Mirage’s 50-50 partnership with Pansy Ho in the $1.1 billion MGM Grand Macau, which is scheduled to open by the end of the year.
Posted in MGM Grand Macau, MGM Mirage, Macau Business, Macau Casino, Pansy Ho No Comments »
