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  1. Macau back in party mood as casinos surge

    Posted Jan 24th 2011, 12:00am by Staff Reporter

    ... Neil Gough Crisis? What crisis? The painful credit crunch, widespread lay-offs and payouts, stalled billion-dollar projects, and near bankruptcies that plagued Macau casino operators in 2008-09 all seem like distant memories. Today, investors are partying like it was 2007 all over again. Shares in four of the five Hong Kong-listed Macau casino operators hit lifetime highs ...

  2. Retirement of Macau judge raises concerns

    Posted Nov 18th 2011, 12:00am

    ... Ng Kang-chung kc.ng@scmp.com One of Macau's top judges has been forced to retire after he was hurt in a car accident in Guangdong, sparking concerns over the impact on the quality of the judiciary in the former Portuguese enclave. Mr Justice Chu Kin's compulsory retirement was announced yesterday by the Macau judicial magistrates council, although the decision was made last ...

  3. Casino sues gambler for millions

    Posted Dec 21st 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com MGM China's Macau casino unit is suing longtime VIP junket agent and North Korean tour operator Wong Sing-wa for failing to repay half of a three-year-old, HK$10 million debt. MGM Grand Paradise, the Macau gaming licensee controlled by Las Vegas casino firm MGM Resorts International and Pansy Ho Chiu-king, daughter of Stanley Ho Hung-sun, ...

  4. COOLING down

    Posted Nov 03rd 2011, 12:00am

    ... Kenneth Ko Macau's luxury residential market has experienced similar fortunes to Hong Kong's this year, with fewer transactions in the second half, a sharp turn from brisk trade at the start of the year. The brakes were put on the price rally after the Macau government introduced a special stamp duty to quell property speculation in April followed by tightened mortgage-lending ...

  5. Festival season begins with a flourish in city

    Posted Oct 14th 2011, 12:00am

    ... Lola Wong The Glam Slam 2011 at City of Dreams is one of several cultural and entertainment events taking place in Macau. Continuing is the 25th Macao International Music Festival ... Itzhak Perlman will play a violin recital on Thursday next week, the American Dirty Dozen Brass Band brings the sounds of New Orleans to Macau on October 28, and the 'Father of Chinese ...

  6. Under starter's orders

    Posted Sep 18th 2011, 12:00am

    ... William Wadsworth No other sporting event better represents the high-octane boom of southern China than the Macau Grand Prix. Noisy, fast and unashamedly brash, the three-day scream of car ... pile-ups are common on the notorious Lisboa Bend. This 58th Macau Grand Prix promises to be a fascinating spectacle from November 17 to 20. The Macau Grand Prix for cars is the prime event and part ...

  7. Lessons for casinos in 'Ocean's Eleven'

    Posted Sep 24th 2011, 12:00am

    ... of six licensed casinos in Macau as clients. 'There are limits to what you are going to be able to get for [casino theft]... it's not gazillions.' Insuring gaming firms, especially ... regulations can come under the fold of so-called business interruption insurance. This was the case for an unnamed casino developer in Macau that filed a sizeable claim related to construction of one ...

  8. Macau races secure record sponsorship

    Posted Nov 13th 2011, 12:00am

    ... Unus Alladin The Macau Grand Prix next weekend will run on a budget of HK$140 million but major sponsorship will offset costs, it was revealed yesterday. While many international sporting events are struggling during the economic downturn, the Macau Grand Prix is holding its own. For the first time in the meeting's 58-year history, a title sponsor has been found as well ...


    Posted Dec 23rd 2011, 12:00am

    ... Macau's rental yield is expected to rise, although the overall residential property market could remain steady, according to Midland Realty. More expatriates involved in construction and infrastructure projects are anticipated to look for homes in Macau, which will push up rents. Midland adds that transactions have fallen sharply after the Macau government introduced a special stamp duty ...

  10. The fast & the curious

    Posted May 22nd 2011, 12:00am

    ... winning titles from the Macau Grand Prix to the Asia Touring Car Championships. After the first Macau Grand Prix, in 1954, and up until the handover, Hongkongers- Chinese and Caucasian- drove away ... The year after the first Harper Hill Climb, the club's first secretary, Paul du Toit, joined forces with Automovel Club de Portugal's Carlos Humbert da Silva to stage the first Macau ...




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