April 19, 2007
Significant Milestones Achieved
Opens 4 Casinos Including Its Flagship StarWorld, Captures 22% Market Share, and Tops Out Galaxy Mega Resort Tower at the Cotai Strip.
Galaxy Entertainment Group Limited (”Galaxy”) today announces its full year financial results for the year ended 31 December 2006. Galaxy has capitalized on the fast growing gaming market in Macau to position itself as one of the dominant Casino Operators within the Macau gaming market.
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Posted in Cotai Strip, Galaxy Entertainment, Galaxy Grand Waldo, Galaxy Mega Resort, Galaxy Star World, Macau Business 
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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 »
February 15, 2007
Star Cruises Ltd is reviewing the deal structure of its planned US$175 million investment in Macau following pressure from the Singapore government on the tie-up, which will in turn provide casino mogul Stanley Ho an interest in the city state’s integrated resort.
Star Cruises said in statements to the Singapore and Hong Kong bourses yesterday that it had delayed sending out a circular with regards to the deal as it was “reviewing the structure in relation to its investment in Macau Land Investment Corporation”.
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Posted in Development, Macau Business, Macau Casino, Macau Property, STDM | SJM, Stanley Ho 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 5, 2007
Nevada gaming regulators are set to examine the Macau links between MGM Mirage and the daughter of 84-year-old Macau casino billionaire Stanley Ho, a move that could have implications for James Packer’s plans to expand his casino interests in Las Vegas.
Nevada’s regulators confirmed late last week that they could hold a formal inquiry this month into the proposed links between MGM Mirage and Pansy Ho.
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Posted in Crown Macau, James Packer, MGM Grand Macau, MGM Mirage, Macau Business, Macau Casino, Macau News, Melco Crown, Stanley Ho No Comments »
January 26, 2007
Gaming and gambling activities in Macau posted gross revenues of 55.884 billion patacas (US$6.985 billion) in 2006, a rise of 22 percent against the figures for 2005, the Gaming Inspection and Coordination Bureau (GICB) said in Macau Monday.
Revenues from Macau’s 24 casinos totaled 54.998 million patacas, or 22.96 percent more than the total for 2005.
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Posted in City of Dreams, Cotai Strip, Crown Macau, Galaxy Entertainment, Galaxy Mega Resort, Grand Lisboa, James Packer, MGM Mirage, Macau Business, Macau Casino, Macau News, Melco Crown, STDM | SJM, Stanley Ho, Venetian Macao, Wynn Resorts No Comments »
January 10, 2007
This is rather a good in depth article by Bill Simpson about Melco PBL and the problems it is facing in Macau. I do agree with Bill that Melco PBL will be a winner, but in my opinion not until mid 2008.
Melco PBL Entertainment’s IPO was on December 14th. The IPO began trading on December 19, 2006, when 53 million ADSs, representing 159 million ordinary shares, were priced at $19, over the initial price range of $16 to $18 per ADS. The initial public offering was increased to 60 million ADSs, representing 180 million ordinary shares, due to strong demand. The text of Mr. Simpson’s original writeup follows:
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Posted in City of Dreams, Cotai Strip, Crown Macau, Design & Construction, Development, James Packer, Macau Business, Macau Casino, Macau Gaming, Macau Property, Melco Crown, Mocha Clubs No Comments »
January 4, 2007
This a detailed report about the latest casino happenings in Macau
Courtesy -The Standard | The Hotel Lisboa used to be the only game in Macau. The birdcage-shaped casino has welcomed Chinese playing baccarat, blackjack and Asian dice game sic bo- amid smoke-stained walls and frayed carpets for 35 years.
Now, the Lisboa and other casinos in Stanley Ho Hung-sun’s gaming company, Sociedade de Jogos de Macau (SJM), are facing a horde of competitors. Ho, who had a government monopoly on Macau gaming for four decades until 2004, has seen his share of gambling revenue dive to 55 percent from 100 percent - and it is still shrinking.
Posted in Crown Macau, Grand Lisboa, James Packer, Macau Casino, Macau News, Melco Crown, Sands Macau, Sheldon Adelson, Stanley Ho, Steve Wynn, Winnie Ho, Wynn Macau No Comments »
