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  1. Asian grapevine

    Posted Feb 02nd 2012, 12:00am

    ... Jeannie Cho Lee The first time I visited Macau in 1994, my parents begged me not to go. They were worried that as a South Korean I might be kidnapped by North Koreans. While these fears seem ludicrous now, Macau in the late 1990s was a very different place. Alarming news stories supported my parents' fears: gun fights, bombings and murders linked to feuding triad gangs ...

  2. SJM revenue soars as its Macau market share falls

    Posted May 08th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com SJM Holdings, a unit of Macau casino billionaire Stanley Ho Hung-sun's former Macau gaming monopoly, said revenue increased 8.5 per cent in the first ... the mainland. Grand Lisboa is located on Macau's peninsular. SJM said its gaming revenue accounted for 27.3 per cent of Macau's casino gaming market during the quarter, compared with 31.9 per ...

  3. Wynn's profits rise but game plan is for Cotai

    Posted May 09th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Wynn Macau, the Hong Kong-listed unit of Las Vegas casino mogul Steve Wynn, posted a 10 per cent year-on-year increase in first-quarter profit to US$209 million. But one analyst says the company, which has a resort on the Macau peninsula, will continue to lose business to casinos on Macau's Cotai Strip until Wynn opens its own gaming house ...

  4. A good week for...

    Posted May 06th 2012, 12:00am

    ... Steve Wynn The casino developer's company, Wynn Macau, got the green light to acquire a 20.6 hectare site in the Cotai district of Macau, where Wynn will build its second resort in the world's most lucrative gambling enclave. Trading in Wynn Macau stock was suspended in Hong Kong last week, after the shares rose 28 per cent this year in Hong Kong, outpacing the Hang Seng ...

  5. Junkets piling into Macau's VIP gaming sector

    Posted Jan 27th 2012, 12:00am

    ... Neil Gough neil.gough@scmp.com The number of officially licensed VIP gambling junket agents in Macau rose to a record 219 companies and individuals last year, up 13 per cent from 2010, according to annual data released yesterday by the local gambling regulator. Loosely regulated junkets piled into Macau's VIP segment, enticed by the growing availability of cheap or free ...

  6. Casino stocks hit by visa worries

    Posted Jun 27th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Casino stocks fell in Hong Kong yesterday after a newspaper report that Guangdong has extended the wait for Macau visas to a month. At present, it takes one to two weeks for residents of the province to get a Macau visa. The Chinese-language Macau Daily News also said UnionPay had cut the maximum overseas spending limit by holders of its credit cards ...

  7. Roaring job success with Golden Lion

    Posted Jun 08th 2012, 12:00am

    ... Andrea Zavadszky Running MGM Macau with more than 5,800 employees means there are quite a number of vacancies at any one time. 'There are about 150 vacancies for 50 positions in different departments and functions,' says Wendy Yu, vice-president of human resources, MGM Macau. Positions can range from finance, IT, facility management, front office and housekeeping ...

  8. 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, ...

  9. 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 ...

  10. Go-ahead for Wynn Cotai casino

    Posted May 03rd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Casino developer and operator Wynn Macau, a unit of billionaire Steve Wynn's Las Vegas company, says it has received the green light on land for a casino in the Cotai district of Macau. It will be Wynn's second resort in the world's largest and most lucrative gaming hub. The Macau government has approved Wynn Macau's Cotai land concession ...




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