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May 15, 2013

MACAU News, May 15, 2013

Macau's Galaxy Entertainment Sees Earnings Rise
Wall Street Journal
HONG KONG—Macau casino operator Galaxy Entertainment Group Ltd. said its first-quarter adjusted earnings before interest, taxes, depreciation and amortization rose 29% over the previous year, fueled by record wins from mass-market gamblers in the ...
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Las Vegas Sands Says Beijing Had No Macau Licensing Role
Businessweek
The attorney, Richard A. Sauber, told a Las Vegas jury yesterday that it was “inconceivable” that Chinese leaders violated the so-called Basic Law -- which guarantees Hong Kong and Macauautonomy in their internal affairs -- and “reached down” to make ...
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Sands Ordered to Pay $70 Million in Macau Dispute
Wall Street Journal
A Nevada jury on Tuesday ordered Las Vegas Sands Corp. to pay a Hong Kong businessman $70 million for helping the casino giant enter the lucrative Macau gambling market. The verdict was the latest development in a long-running legal dispute between ...
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Pacquiao puts Macau on the boxing map
AFP
HONG KONG — Years ago Macau snatched the title of the world's biggest gambling hub from Las Vegas and now, it wants a slice of the boxing action too. With Manny Pacquiao following Chinese star Zou Shiming to the glitzy casino haven near Hong Kong, ...
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Sands trial over Macau licence fee nears conclusion
South China Morning Post
Sheldon Adelson, Las Vegas Sands' billionaire chairman and controlling shareholder, did not know about the possibility that the Macau government would make licences available until 2000, when he met Suen, who was a friend of Adelson's younger brother, ...
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Manny Pacquiao to fight Brandon Rios in Macau in November
SI.com
24 to meet Brandon Rios in a welterweight bout in Macau, the eight-division world champion's promoter said Monday. Bob Arum told The Associated Press that Pacquiao (54-5-2, 38 KOs) has been focused exclusively on his political career in the Philippines ...
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Macau Is Hot: China's Version of Vegas Providing Excellent Prospects for These ...
Trefis
Gambling is akin to trading, but with much more risk of failure. Everyone knows Las Vegas as the gambling capital of the United States, but Macau is hot and growing. Macau is designated a special administrative region of China, which means the area has ...
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Macau's March Hotel Occupancy Rates: Summary
Bloomberg
Following is a summary of Macau's March hotel occupancy rates released by the Macau Statistics and Census Service. ================================================================================ March Feb. Jan. Dec. Nov.
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Macau cancels doctors' trip to assess health of bribery defendant Joseph Lau
South China Morning Post
The high-profile trial, which is linked to a multibillion-dollar property development over-lookingMacau's Cotai Strip, comes at a politically sensitive time for the city as it prepares for Legislative Assembly elections in September and the ...
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Four Pinoys nabbed in Macau's biggest cocaine smuggling case
GMA News
Four Filipinos were arrested in Macau over the weekend for allegedly smuggling more than 50 kilograms of high-grade cocaine amounting to about P1 billion, in what is believed to be the biggest drug trafficking incident to date in the Chinese territory.
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IIFA 2013 revisits Macau to celebrate 100 years of cinema
Indian Express
The 2013 edition of International Indian Film Academy awards (IIFA) will celebrate 100 years of Indian cinema as the three-day Bollywood extravaganza returns to Macau after 2009. Announcing the destination, Bollywood star Abhishek Bachchan said he will ...
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Nomura Boosts Macau Growth Rate, Sees $70 Billion Market by 2017
Barron's (blog)
Worried that Macau's ultra-fast gambling growth can't continue? Don't, Nomura's Harry Curtis, Louise Cheung and Brian Dobson say. Reuters. Just how good has 2013 been for Macau? During the first quarter of 2013, revenues at Macau's casino's grew by ...
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SJM Gets Green Light on Macau Casino
Wall Street Journal
Macau's biggest casino operator, SJM Holdings Ltd., Wednesday became the last of the territory's gambling companies to win approval from the government to build a project in Cotai, a rapidly developing area in the world's largest gambling center.
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Macau's SJM gets official approval for new casino
Businessweek
HONG KONG (AP) — Macau casino operator SJM Holdings has received official approval to build a new resort in the world's biggest gambling center. SJM said its contract for land in the Cotai district was published Wednesday in the official government ...
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Macau holding first LGBT awareness event
Macau Daily Times
The Rainbow of Macau is holding the city's first series of events to celebrate the International Day Against Homophobia and Transphobia (IDAHOT). The day aims to coordinate global efforts to raise awareness of LGBT (lesbian, gay, bisexual, transgender) ...
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Las Vegas Sands Loses Trial Over Macau Gaming License Claims
Bloomberg
Billionaire Sheldon Adelson's Las Vegas Sands Corp. (LVS) must pay $70 million to a Hong Kong businessman for his help in obtaining a Macau casino license more than a decade ago, a Nevada jury said. The jury in Las Vegas yesterday returned a verdict ...
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How Sands China landed the Pacquiao fight
Macau Daily Times
It's going to take awhile to realize how big this is,” said Edward Tracy, President and CEO of Sands China Ltd, about the upcoming Manny Pacquiao fight in Macau. The Filipino world welterweight champion's return to the ring against Brandon Rios, to be ...
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IIFA Awards Revisits Macau To Celebrate 100 Years Of Cinema
Bernama
NEW DELHI, May 15 (Bernama) -- The International Indian Film Academy (IIFA) awards 2013 will celebrate 100 years of Indian cinema as the three-day Bollywood extravaganza returns to Macau after 2009. Bollywood star Abhishek Bachchan in announcing ...
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Macau, a City that Basks in its Vices
Atlanta Black Star
images-1 Well, my arrival into Macau, on a racing yacht from Hong Kong, had set the weekend bar at a rather high level. One of the first boats over the finish line, we had plenty of time to glide up into theMacau marina (situated adjacent to one of ...
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Jury hears final arguments in Las Vegas Sands case
Charlotte Observer
28, 2007 file photo, gambling tables are set inside the casino during the opening ceremony of the Venetian Macao Resort Hotel in Macau. Attorneys began closing arguments Thursday, May 9, 2013, in the dispute between Las Vegas Sands and a fixer who ...
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Police cripple 'Macau scam' syndicate
New Straits Times
KUCHING: The Royal Malaysia Police (PDRM), with the cooperation of its counterparts in Taiwan and China, has crippled an Internet syndicate, believed to have transferred funds of more than RM4 billion, known as the "Macau scam". This followed the ...
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Vegas Sands loses $70M in lawsuit over Macau license - USA Today
USA TODAY
Las Vegas Sands has opened four resorts in Macau's Cotai Strip area, and now makes about 60 percent of its profits in the former Portuguese colony, an hour from Hong Kong by ferry. Sands also operates the Venetian and the Palazzo casinos on the Las ...
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Las Vegas Sands case nears end after 9 years
Sumter Item
Attorneys began closing arguments Thursday May 9, 2013, in the dispute between Las Vegas Sands and a fixer who says he helped the casino giant win a license in the Chinese gambling enclave ofMacau. (AP Photo/Julie Jacobson, File). Las Vegas Sands ...
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Zou Shiming to fight Jesus Ortega
ESPN
Top Rank chairman Bob Arum will keep racking up the frequent-flier miles with trips to Macau now that his company has scheduled its second boxing card in the Chinese casino region for July 27. Like the first card that took place there on April 6, this ...
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Macau US$70 bln market by 2017: Nomura
Macau Business Daily
Macau gaming revenues could reach the equivalent of US$70 billion (560 billion patacas) by 2017 – nearly twice last year's tally of US$38 billion – suggests a new report from Nomura Equity Research. The paper – by New York-based analysts Harry Curtis, ...
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Zou Shiming to return to the boxing ring in Macau
Taipei Times
Two-time Olympic boxing gold medalist and three-time amateur world champion Zou Shiming returns to the ring on July 27, when he is scheduled to take on Mexico's Jesus Ortega at the Cotai Arena inMacau. It is to be the second time the Chinese boxer has ...
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Gaming Stocks Get Boost From Macau, Move Up Ranks
Investor's Business Daily
They've been powered by better-than-expected quarterly earnings thanks in large part to rising revenue from their casinos in the Chinese gambling enclave of Macau, located near Hong Kong.Macau, a former Portuguese colony, is the world's biggest and ...
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Macau casino Galaxy Entertainment posts record Q1 EBIDTA
Reuters
HONG KONG May 15 (Reuters) - Macau casino Galaxy Entertainment Group Ltd said it booked a record first-quarter adjusted EBITDA of HK$2.8 billion ($360.76 million), up 29 percent from a year earlier. For a full statement on the results, please click on ...
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Macau, HK and Guangdong push for closer cultural partnership
Macau Daily Times
Macau, Hong Kong and Guangdong have agreed to establish a mechanism , which will assess the “demonstrative projects” under the framework of the Macau-HK-Guangdong Cultural Cooperation campaign. This campaign aims to reinforce the effects of ...
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Cambodian PM to visit Macau in September
Macau Daily Times
Cambodian Prime Minister Hun Sen will visit Macau in September to participate in the Second Global Tourism Economy Forum. Prime Minister Hun Sen called for more investment in the country by Chinese and Macau entrepreneurs, and direct flights ...
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Buy MGM Resorts for Macau, Get Las Vegas for Free
Barron's (blog)
The best news for investors: Investors are focusing almost solely on MGM's Macau business, where it competes with Wynn Resorts (WYNN), Las Vegas Sands (LVS) and Melco Crown Entertainment (MPEL), among others. The Las Vegas side of the business, ...
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Carnival time in Macau
The Nation
Supported by the Macau Government Tourist Office, the Italian-theme Venetian Carnevale offers visitors loads of fun until May 26. The lagoon is focusing on everything Italian for the spectacular festival offering action-packed fun for the family with ...
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Pacquiao returns to the ring in November
Fiji Times
LOS ANGELES, California - Manny Pacquiao will return to the ring on November 24 to meet Brandon Rios in a welterweight bout in Macau, the eight-division world champion's promoter said on Monday. Bob Arum told The Associated Press that Pacquiao ...
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Galaxy Entertainment added to Hang Seng Index
Macau Business Daily
Investment funds – that mirror various indices – are required to buy positions in member firms to reallocate funds and rebalance their portfolios, Grant Govertsen of Union Gaming Research Macautold Business Daily at the time of Sands' accession.
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Route plans for Macau and Cambodia
TTR Weekly
PHNOM PENH, 10 May 2013: A new air route is under consideration that will link Macau and Cambodia's Phnom Penh possibly later this year according to a press statement issued by the MacauInternational Airport 4 May. It reported that airport authorities ...
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'Regrets' at Alfastreet's absence from G2E Asia
Macau Business Daily
For the first full day of last year's G2E Asia show, SHFL was ordered by Macau customs to keep its Rapid Baccarat product covered because of a temporary injunction obtained by LT Game from aMacau court. SHFL succeeded in getting a stay on the order ...
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Macau Is Hot: China's Version of Vegas Providing Excellent ...
By George Leong, B.Comm.
Gambling is akin to trading, but with much more risk of failure. Everyone knows Las Vegas as the gambling capital of the United States, but Macau is hot and growing.
Stock Market News, Stock Market...
Zou Shiming vs. Jesus Ortega on July 27th in Macau ... - Boxing News
By admin
MACAO (May 14, 2013) – Chapter two of the Zou Shiming era will begin when the two-time Olympic gold medallist and three-time Amateur World Champion returns to.
Boxing News

Macau News - Anggota 'Macau Scam' ditahan reman
Macau News. mostlycloudy. Macao 24°C Mostly Cloudy From the ESE at 12 MPH . Tue. partlycloudy. 27° 25°. Wed. clear. 26° 22°. Thu. partlycloudy. 27° 23° ...
www.macaunews.net/index.php/sid/.../8d8fbf819e12707b
Pacquiao puts Macau on the fight map | ABS-CBN News
HONG KONG - Years ago Macau snatched the title of the world's biggest gambling hub from Las Vegas and now, it wants a slice of the boxing action too.
www.abs-cbnnews.com/.../05/.../pacquiao-puts-macau-fight-m...
Macau News - Hong Kong's vertical horizon by Romai...
Seen from the bottom or the top of the metropolitan, Hong Kong presents a view .. .
www.macaunews.net/index.php/sid/.../8d8fbf819e12707b
Macau News - Britain was saved by constructionists
The Office for National Statistics in the UK has revised its figures on whether the country went through a double-dip recession last year.
www.macaunews.net/.../Britain-was-saved-by-constructionists
Macau News - China bird flu toll rises to 33
The toll due to the H7N9 avian influenza in China has risen to 33, with the death of an 83-year-old woman in Shanghai, officials said Saturday.
www.macaunews.net/index.../China-bird-flu-toll-rises-to-33
Macau News - Deflation hits Greece for first time since 60s
Consumer prices have fallen in Greece for the second month in a row.
www.macaunews.net/.../Deflation-hits-Greece-for-first-time-si...
Air Macau and Shenzhen Airlines Commence Code-share ...
Corporate Info Air Macau News Fleet Info Annual Report Recruitment ... On 8th May 2013, Air Macau and Shenzhen Airlines hold a joint press conference and ...
en.airmacau.com.mo/about/news_articles.asp?id=125
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