April 28, 2008
Last week’s announced slowing of casino development and fixing of commission rates for junket operators was welcomed by the director of Sociedade de Jogos de Macau (SJM), Dr Stanley Ho Hung-sun yesterday as necessary to stop the “cut throat” competition between operators.
“I think it is excellent news for Macau in general. It is high time to take care of the gaming sections problems,” he said. “It is no good with all the six operators always fighting together using cut throat measures of getting customers into their casino, this is not correct because there is enough room for all six of us.”
Please tell me more! »
Posted in Cotai Strip, Macau Casino, Oceanus Casino, Stanley Ho 
No Comments »
April 11, 2008
Shun Tak, the holding company of Macau gaming and gambling magnate Dr Stanley Ho, said Tuesday that in 2007 it had posted a net profit of US$128 million, which was a rise of 52.7 percent against 2006, a year in which profit totalled US$85 million.
Shun Tak, which has interests in the sea and air transport, hotel and real estate sectors, also said that the number of passengers carried on the Hong Kong-Macau route was 14 million, which was a year-on-year rise of 15 percent.
Please tell me more! »
Posted in Macau Casino, STDM | SJM No Comments »
March 31, 2008
Ahead of it’s City of Dreams Topping-out Ceremony on 1 April 2008 at 12.10pm, comes the the news that casino operator Melco International Development Ltd. said Monday that its 2007 net profit fell 5 percent because of a one-off gain in the previous year.
The Hong Kong-listed company said its net profit in the 12 months ended Dec. 31 was HK$2.69 billion (US$346 million; ?219 million), down from HK$2.84 billion in 2006.
Please tell me more! »
Posted in City of Dreams, Lawrence Ho, Melco PBL No Comments »
March 25, 2008
Hot on the heels of our precious invitation from Melco PBL to attend the City of Dreams Topping-out Ceremony on 1 April 2008 at 12.10pm, comes the surprising news about James Packer’s Crown Macau enjoying a huge turn-around, making it the busiest casino in the world in terms of betting volume!
City of Dreams Complex
Please tell me more! »
Posted in City of Dreams, Crown Macau, Galaxy Entertainment, James Packer, Lawrence Ho, Melco PBL, Stanley Ho, Theatre of Dreams No Comments »
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.
Please tell me more! »
Posted in Macau Casino No Comments »
March 3, 2008
Rumors are flying that Rafael Hui Si- yan has his eyes on becoming Macau’s next chief executive. National People’s Congress Standing Committee member Dr Stanley Ho, who is in Beijing, was ominously silent about it yesterday.
The refusal by the “god of gambling” to say anything on the subject suggests that there is more to that rumor than meets the eye.
Please tell me more! »
Posted in Macau General, Macau Government, Social and Politics, Stanley Ho No Comments »
February 29, 2008
The governments of Hong Kong, Guangdong, and Macau yesterday endorsed the financing scheme for bridges linking the three places and the massive project will soon proceed to public tenders. Macau’s casino magnate Dr Stanley Ho has said that he is interested in bidding for the project.
It is expected a number of state- owned enterprises will play a major role in building the bridges expected to cost between US$4-5 billion. The Hong Kong listed China Communication Construction Company and China Railway have a long history in building infrastructure projects in the mainland, Hong Kong and overseas.
Please tell me more! »
Posted in Development, Infrastructure, Macau Business, Macau General, Macau Government, STDM | SJM, Social and Politics, Stanley Ho 1 Comment »
February 6, 2008
Here is an interesting observation by David McKee from LasVegasAdvisor.com saying that Dr Stanley Ho’s days are numbered. Well we are not so sure if we can agree with him on that one!
Toward the bottom of an otherwise run-of-the-mill report on Las Vegas Sands‘ year-end numbers, Sands supremo Sheldon Adelson lets fly with a bombshell: Not only will there be no new casino concessions in 2009, when Macao Chief Executive Edmund Ho leaves office, there will be fewer. (Bad news for Harrah’s, this. They’re really banking on a new round of concessions and, perhaps, subconcessions too.)
Please tell me more! »
Posted in Cotai Strip, Macau Business, Macau Casino, Sheldon Adelson, Stanley Ho, Venetian Macao No Comments »
