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Jul 17, 2013

MACAU News, Jul 17, 2013

Macau Mogul Lawrence Ho Commits to Casino in Russia
Wall Street Journal
HONG KONG—Firms backed by Macau gambling mogul Lawrence Ho agreed to buy a controlling stake in the first phase of what could become a US$630 million casino-resort project in Russia, the latest country hoping to attract China's prized high rollers.
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Macau Gaming Receipts to See 'Visible' Slowdown in Second Half
Bloomberg
While Macau counts on high-stakes bettors for two thirds of its revenue, the mass market is growing faster. The share of VIP in gaming revenue dropped to 68 percent in the first quarter of this year, from a peak of 74 percent in the second quarter of ...
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University of Macau Moves Over the China Border
New York Times
HONG KONG — While there are plenty of academic institutions looking to enter China, the University ofMacau is taking a more radical approach: It is abandoning its current campus and relocating entirely to Zhuhai, just across the mainland Chinese border.
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Training Future Macau Casino Bosses
New York Times
MACAU — Natalie Chan collected bets, dealt cards and calculated payoffs. She was not a croupier working in a casino — in fact, at 20, she was not even old enough to be on the gambling floor at the glitzy casinos just a short walk from campus. World ...
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Macau: Gambling Capital of the World
BBC News
Macau: Gambling Capital of the World. Duration: 18 minutes. First broadcast: Thursday 11 July 2013. They used to say that everything is bigger in Las Vegas but that is no longer the case. The world's new gambling capital is Macau. The tiny territory on ...
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Macau's May Hotel Occupancy Rates: Summary
Bloomberg
Following is a summary of Macau's May hotel occupancy rates released by the Macau Statistics and Census Service. ================================================================================ May April March Feb. Jan. Dec. Nov.
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Macau: China's Slowing, Casinos are Not
Barron's (blog)
Casino stocks with Macau exposure will be reporting earnings soon. Should investors be optimistic? Bloomberg News. Yes, says Nomura's Harry Curtis. In a report today, he takes a look at Las Vegas Sands (LVS), MGM Resorts International (MGM) and ...
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Macau casts shadow over US gambling titans
Vancouver Sun
A few hours' flight from half the world's population, Macau is the only place in China where gambling is legal. Each month, 2.5 million tourists flood the glitzy boom town to try their luck in neon-drenched casinos. Most are nouveau-riche Chinese who ...
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Wow Macau
Hindustan Times
Everyday thousands, who are keen on punting their luck to become instant millionaire, storm into Macauoften touted as Asia's Monte Carlo, or the Las Vegas of the East. Several expansive, neon-lit and glitzy casinos are now the major attraction of this ...
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Macau asks questions about proposed uranium processing plant
South China Morning Post
Macau has made an official inquiry to the Guangdong government about a proposal to build a uranium processing plant near Jiangmen , but the Hong Kong government would not say yesterday whether it had also done so. The approach by Macau follows an ...
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Macau Cable TV backs plan to avert blackout
Macau Business Daily
Macau Cable TV Ltd said yesterday it supports a government plan that would see it paid by the government for providing television content to public antenna companies. The proposal is aimed at solving a long-running dispute with companies that illegally ...
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Macau, Beijing pledge to keep eye on deals
Macau Business Daily
Trade bodies from Macau and Beijing pledged to keep track of the deals signed in a two-day symposium, after less than half the agreements clinched last year have materialised. “The Beijing sub-council of the China Council for the Promotion of ...
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Investors Cheer Macau Mogul's Russia Project
Wall Street Journal
HONG KONG—Shares of Summit Ascent Holdings Ltd. and Melco International Development Ltd. —both controlled by Macau gambling mogul Lawrence Ho—jumped sharply Thursday after the two firms formally agreed to buy a controlling stake in the first ...
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Viva Macau appeal reaches end of line
Macau Business Daily
In a judgement handed down yesterday morning, the city's highest court said it would not look into the decision by Air Macau Co Ltd to terminate Viva Macau's subsidiary concession. Viva Macau argued that Secretary for Transport and Public Works Lau Si ...
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IIFA 2013 kicks off in Macau
Indian Express
Abhishek Bachchan, Hussain Kuwajerwala, Jacqueline Fernandez, Arjun Kapoor, Sophie Choudry, Parineeti Chopra, Ayushmann Khurrana, Gauhar Khan and Shahid Kapoor at the press conference of IIFA Awards 2013 in Macau. (PTI). Bollywod's King ...
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Macau fashion designers showcase in Hong Kong Fashion Week
Macau Daily Times
Organized by the Macau Productivity and Technology Transfer Center, the “Macao Fashion Parade” showed Hong Kong the best of Macau local fashion designers. Presented during the Hong Kong Fashion Week 2014 Spring/Summer Collection Fashion ...
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Macau, Malta sign tax treaty
Macau Business Daily
Macau and Malta have agreed to work together to prevent tax evasion and tax avoidance. Macau'sSecretary for Economy and Finance Francis Tam Pak Yuen and the Maltese ambassador to China, Joseph Cassar, signed a tax treaty in Beijing on May 30.
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Macau athletes compete in 2013 University Games
Macau Daily Times
Some of the most sucessful results were achieved by athletes like Choi Sut Ian from the University ofMacau (UM). She finished 7th and 13th respectively in the Women's 1m Springboard Diving Final and 3m Springboard Semifinal. Au Ieong Sin Ieng from UM ...
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Macau designers debut at Hong Kong Fashion Week 2014
Fibre2fashion.com
For the first time, fashion designers from Macau, one of the two special administrative regions of China, showcased their creations at the recent Hong Kong Fashion Week 2014 Spring/Summer collection show, organized by Hong Kong Trade Development ...
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Macau Le Cordon Bleu short courses
Asian Correspondent
Macau, June 2013 – Le Cordon Bleu, the highly renowned school for culinary arts, in conjunction with the Institute for Tourism Studies in Macau has once again conducted the “Le Cordon Bleu Master Chef Program” from the 24th – 29th June 2013. This very ...
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Beijing – Macau cooperation to explore cultural industries
Macau Daily Times
The two-day Beijing-Macau cooperation symposium concluded yesterday, with several agreements signed this year, many of them related to creative industries. The second gathering of the Beijing-MacauCooperation Conference began on Wednesday.
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MGM China outperforming: analysts
Macau Business Daily
MGM Macau is outperforming in VIP and mass-market gaming table revenue and also slots, based on a 'fair share' analysis, says a note from Union Gaming Research Macau. The research house says that according to its own data – and figures from the ...
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Macau elections coincide with UN's International Day of Democracy
Macau Daily Times
Jason Chao, who heads the New Macau Liberals list running in this year's AL election, mentions that this “mere coincidence” does not mean that the government intends to enhance democracy. “The direct elections are democratic, but the other parts are ...
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Macau gambling growth sizzles
Investor's Business Daily
Macau, China's special casino gaming district across the straits from Hong Kong, is on track to see gambling revenue grow 19% in July vs. the same month a year ago, to $3.68 bil, officials there said. Top Las Vegas casinos Las Vegas Sands (LVS), MGM ...
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StarWorld Macau launches "Weibo Wei-Bonus" reward program
TravelDailyNews Asia-Pacific
Being the first 5-star hotel and casino in the Galaxy Entertainment Group, the 39-storey StarWorld Macauembodies the distinct Asian characteristics of intelligence, experience and innovation, combining world-class accommodation, entertainment, leisure ...
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Macau's Melco to enter Russia's entertainment industry
IVCPOST
Lawrence Ho's Melco International Development Ltd. and Summit Ascent Holdings Ltd. released plans to buy a hefty 51% combined stake in a entertainment venture project in Russia. Lawrence Ho, who is now chairman of both companies and chief executive ...
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US Senate hearing: Macau gaming system poses money-laundering concerns
Macau Daily Times
Macau's gaming system poses concerns for the U.S., as there might be implications for Nevada-based U.S. casinos operating locally when U.S. casinos have to follow Macau's unique way of gaming operation, closely associated with dubious cross-border ...
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Macau Government E-mail Accounts Hacked
eSecurity Planet
The Macau Daily Times reports that 34 e-mail accounts at telecom provider CTM were hacked earlier this month, and the hackers' IP addresses were traced to Hong Kong and the United States (h/t South China Morning Post). According to the Times, CTM ...
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Business Daily - Macau: Gaming Capital of the World
BBC News
We're in Macau, the gaming capital of the world, to find out why the Chinese are so keen on casinos. We explore the murky world that sustains the gambling industry there - a world of triads and money laundering, worth tens of billions of dollars every ...
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Tear up Macau Cable TV contract, legislator says
Macau Business Daily
Legislative Assembly member Au Kam San is pressing for a debate in the assembly on ending MacauCable TV Ltd's concession early and compensating the company. Mr Au's motion for a debate was made public at the weekend. The assembly has yet to set ...
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$pend, $pend, $pend
Macau Business Daily
The leaking bucket list even includes the home opened in 2011 for Macau's two giant pandas. But it's not just the public sector that faces cost overruns. Earlier this year Francis Lui Yiu Tung, vice chairman of casino operator Galaxy Entertainment ...
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Pataca loses momentum
Macau Business Daily
The pataca has been losing value against the currencies of Macau's main trading partners, the Monetary Authority of Macau says. The city's de-facto central bank said yesterday that the index of the pataca's trade-weighted effective exchange rate had ...
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Anushka Sharma suffers wardrobe malfunction in Macau
India Today
Bollywood actor, Anushka Sharma might have won an IIFA award for best supporting role in Jab Tak Hai Jaaan this year, but during the event, she had a faux pas. Yes, Anushka suffered a wardrobe malfunction inMacau. Click to see pics:Bollywood stars ...
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TUI rejects appeal by Viva Macau airlines
Macau Daily Times
The Court of Final Appeal (TUI) has denied the appeal submitted by airline Viva Macau, whose activity was terminated by the government in 2010 following the inability of the company to settle its fuel bills TUI released its decision yesterday. The ...
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Wall Street's Most Brilliant Casino Mind Just Got Back From Macau — This Is ...
San Francisco Chronicle
If you want to measure the pulse of the global casino business, you have to have your eye on Macau. Or you can just keep tabs on Jason Ader and he'll keep you up to date. Ader's an award winning former gaming analyst who now serves as the Director of ...
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Bend it like Bollywood
Macau Business Daily
If the story of the Indian tourism market to Macau were turned into a Bollywood film it would still be searching for a happy ending in the third act. The opening two acts were impressive. Indian traveller numbers to Macau rose from only 10,000 in 2003 ...
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Short-term solution to dodge cable TV blackout
Macau Business Daily
Public antenna companies will begin broadcasting copyrighted television channels provided by MacauCable TV Ltd and the concessionaire will receive public money for its troubles, if the two sides agree to a government proposal, a press conference heard ...
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Bally Technologies to buy SHFL for US$1.3 bln
Macau Business Daily
Bally Technologies Inc agreed to buy SHFL entertainment Inc for about US$1.3 billion (10.39 billion patacas) in a deal that combines two of the leading Nevada-based gaming equipment firms supplyingMacau and the Asia Pacific region. The announcement ...
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GAMBLING AND THE LAW® Part 4/4: A Tale of Two Cities, Macau and
By I Nelson Rose
Reuters then ran the inevitable, “Nevada regulators analyzing Macau casino activity.” Even the hometownnewspaper, the Las Vegas Sun, jumped onboard: “Macau giving fits to Nevada regulators: Organized crime said to run rampant where ...
Online Gambling News
GAMBLING AND THE LAW® Part 2/4: A Tale of Two Cities, Macau and
By I Nelson Rose
In gambling news, Prof. I. Nelson Rose dishes out his thoughts about the Gambling laws of two cities,Macau and Las Vegas Part 2. ... Follow us on Twitter and Facebook, then you'll never miss out on the latest gaming industry news. Tweet.
Online Gambling News

Macau News - Govt says tourists' cash declaration won't undermine ...
20130711a.jpg A possible measure to require tourists to declare the cash they carry when enteringMacau would not affect the city's status as a free economy ...
www.macaunews.com.mo/content/view/2308/53/lang,english/
Macau mogul takes punt on Russian casino project - Yahoo! News UK
'Macau mogul takes punt on Russian casino project' on Yahoo! News UK. HONG KONG (Reuters) -Macau gambling magnate Lawrence Ho is set to extend his ...
uk.news.yahoo.com/macau-mogul-takes-punt-russian-casino-p...
Breaking News - SRK-Madhuri-Deepika descend together in Macau ...
SRK-Madhuri-Deepika descended on the Venetian IIFA Gates to screaming fans. The trio rushed ...
www.youtube.com/watch?v=LFpACwkSaSs
Bollywood's Barfi wins award at Macau | Arab News — Saudi Arabia ...
Arab News, an English-language daily, is a leading source of commentaries and news on Saudi Arabia, sports, business, Islam, lifestyle and more.
www.arabnews.com/news/457325
Bollywood's Barfi wins at Indian film awards in Macau - Reuters ...
Bollywood's Barfi wins at Indian film awards in Macau - Reuters News:
townhall.com/.../bollywoods-barfi-wins-at-indian-film-awards-...
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