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  1. Sands profit falls but casino lifts Macau plays

    Posted Aug 05th 2005, 12:00am by Staff Reporter

    ... recently launched casino in Macau. Its success has chased Macanese stocks higher. Las Vegas Sands' second-quarter profit dropped 81 per cent to US$86.4 million year on year, but in striking ... was an indication the Macanese gaming market continued to see strong growth. However, the increased market share of Sands Macao suggests some old casinos are gradually losing business. CSFB expects more ...

  2. Casinos in Macau will cost us dear: Jockey Club

    Posted Feb 21st 2005, 12:00am by Jimmy Cheung

    ... Jimmy Cheung Macau's flourishing casino business may draw an extra $15 billion away from the Hong Kong Jockey Club each year, the club chairman has warned. Ronald Arculli also said ... $10 billion to $15 billion in betting turnover annually to Macau because of the growing casino industry. The figures were based on Macau's own estimate of an annual $40 billion in profit ...

  3. Brakes on the casinos gives Macau a breather

    Posted Apr 28th 2008, 12:00am by Anthony Lawrance

    ... Anthony Lawrance Macau Chief Executive Edmund Ho Hau-wah's decision last week to put the brakes on casino development was a surprisingly well-kept secret. Before he stood in front ... machines than the government thinks is sustainable. And, as for their love-hate relationship with the junket operators, who control more than three-quarters of all casino volumes, Mr Ho has ...

  4. Casinos help Macau reduce tourism gap

    Posted Jan 10th 2008, 12:00am by Dennis Eng

    ... Dennis Eng The number of visitors to Macau increased by nearly 23 per cent last year to more than 27 million, narrowing the gap with Hong Kong, which attracted a record 28 million arrivals. Macau is trying to repackage itself as an international destination with Las Vegas-style attractions. Hong Kong, which has long positioned itself as a key tourism hub, is worried ...

  5. City of Dreams offers Macau high hopes

    Posted Jun 02nd 2009, 12:00am by Staff Reporter

    ... Neil Gough in Macau Last night's opening of the US$2.1 billion City of Dreams casino resort in Macau was literally a smash, as co- developers Lawrence Ho Yau-lung and James Packer pulverised a pair of guitars in front of their Hard Rock Hotel. The sons of Macau gaming magnate Stanley Ho Hung-sun and the late Australian casino and publishing tycoon Kerry Packer sought to play ...

  6. Labour demand outweighs supply

    Posted Oct 24th 2008, 12:00am by Wilson Lau

    ... of manpower can still be seen everywhere [in Macau],' he said. With the liberalisation of the casino operating concessions, many operators are aggressively seeking to increase market share ... mainland visitors from entering Macau once every three months have caused an abrupt halt to the growth of Macau's gaming industry. Industry analysts indicated that the monthly casino revenue ...

  7. Drop in package tours leaves hotels hurting

    Posted Aug 14th 2009, 12:00am by Fox Yi Hu

    ... Fox Yi Hu Macau recorded a hotel occupancy rate of 60.7 per cent in June, the second lowest since the 2003 Sars outbreak, following a sharp drop in package tours from the mainland. ... a year-on-year decline of 12.6 percentage points. Economist and gaming researcher Zeng Zhonglu, of Macau Polytechnic Institute, said June's low occupancy was largely due to the swine flu outbreak, ...

  8. More meeting spots to come

    Posted Sep 04th 2009, 12:00am by Prudence Lui

    ... Prudence Lui Macau will flourish with opportunities brought by the newly opened City of Dreams, Macau Science Centre and L'Arc New World Hotel Macau, adding impetus to the city's ... their bookings before the opening date will be offered 20 per cent savings on wedding packages or 30 per cent savings on meeting packages. The Grand Hyatt Macau, situated in the City of Dreams, will open ...

  9. Adelson brushes aside fears of a slowdown

    Posted Aug 29th 2008, 12:00am by Staff Reporter

    ... Neil Gough in Macau Las Vegas Sands Corp chairman and majority shareholder Sheldon Adelson and his executives yesterday dismissed concerns over the prospect of a slowing economy and Beijing's recent measures to restrict visits of mainlanders to Macau. 'Our entire strategy [of focusing on corporate travel] avoids economic slowdowns or recessions,' Mr Adelson said ...

  10. Shops hope big spenders will keep wheel spinning in Macau

    Posted Jul 17th 2008, 12:00am by Dennis Eng

    ... Dennis Eng By now, most retailers are familiar with Macau. Las Vegas mogul Steve Wynn stirred up excitement when the first dozen or so shops he opened at his Macau resort in 2006 quickly became world-famous. Crowds have been flocking to the Venetian since the casino opened its 1 million sq ft themed mall, the Grand Canal Shoppes, last year. Next week, DFS will return to Macau ...




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