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Jan 9, 2013

MACAU News, Jan 09, 2013

Macau's Gaming Take: Sign of Chinese Emigration?
New York Times (blog)
Macau has long outstripped Las Vegas in terms of revenue, and the 2012 figure “is higher than the $35.64 billion collected by the entire U.S. commercial casino industry in 2011,” the Review-Journal wrote. “During December, Macau's 35 casinos collected ...
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New York Times (blog)


Macau Gives MGM China Green Light on Cotai Casino
Wall Street Journal
Macau's six casino operators, including MGM's fellow Nevada-based companies Wynn Resorts Ltd. and Las Vegas Sands Corp., are battling to expand their foothold in the Chinese territory, which now earns about six times the gambling revenue of the Las ...
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Another mega-casino to be built in Macau
CNN - Canada
Macau is the only location in China where gambling is legal, and the former Portuguese outpost is now heavily dependent on tourist dollars spent by the millions of Chinese who visit each year. Gambling revenue growth, which had been explosive, has ...
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MGM China's new $3.1b Macau casino approved by government
Straits Times
In this Dec 18, 2007 file photo, visitors queue up for entry of the new MGM Grand Macau casino resort after the opening ceremony in Macau. The Chinese arm of US casino company MGM Resorts International won official approval for its new casino-resort in ...
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Macau and Shenzhen sign six agreements on food and education
Macau Daily Times
Macau and Shenzhen signed six agreements and memoranda yesterday on food inspection, medicine surveillance, and education, amongst others, during the Shenzhen-Macao Co-operation Meeting. Macau'sChief Executive, Fernando Chui Sai On led his ...
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Macau gives MGM China's new casino official stamp
Reuters UK
HONG KONG (Reuters) - A new $2.5 billion (1.5 billion pounds) Macau casino planned by MGM China (2282.HK), the Chinese arm of U.S. gambling giant MGM Resorts (MGM.N), received a boost on Wednesday after the government formally approved the ...
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Macau LGBT society too small, and not open-minded enough
Macau Daily Times
“I guess it's because the population is too small in Macau and the local community is so close, so once you're spotted people around you will quickly learn that you participated in LGBTs parade… But I want to stress that you don't necessarily need to ...
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MGM China Gets Formal Approval For New Casino in Macau
Bloomberg
The new project will give MGM China its first resort in Macau's Cotai area, Asia's equivalent of the Las Vegas Strip. The company joins other operators including Galaxy Entertainment Group Ltd. (27) and Sands China Ltd. (1928) in expanding in the ...
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Bloomberg

Passenger traffic at Macau airport rises 11 pct in 2012
Macauhub
Macau International Airport handled 4.49 million passengers in 2012, which was a rise of 11 percent against 2011, airport management company Companhia do Aeroporto de Macau (CAM) said Tuesday. However, that number fell below the record of 5.49 ...
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Macau government plans to apply more financial reserves in Chinese yuan
Macauhub
The Monetary Authority of Macau is planning to apply more of its resources to financial applications in yuan and plans to exceed the current limit of 10 billion patacas (US$1.25 billion) set by China's central bank, the chairman of the Monetary ...
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MGM China's plan of new casino in Macau approved
Industry Leaders Magazine
MGM China Holdings Ltd, a venture between Pansy Ho and MGM Resorts International, received an approval from the Macau authorities to build a second casino in the world's No. 1 gambling hub, according to a statement released on the 9th January.
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Industry Leaders Magazine


More Macau investment in the mainland
Macau Business
The Ministry of Commerce approved 47 new investment projects by Macau companies in November last year, 38.2 percent more than a year before, the highest number in any month since the end of 2008. However, the combined value of the projects was ...
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Macau Business

Local concern group for homosexuals demands inclusive society
Macau Daily Times
An activist group on LGBT (Lesbian, Gay, Bisexual, Transgender) rights yesterday released a first survey on the condition of LGBT rights and society in Macau, which found that they are facing widespread discrimination, isolation and even verbal abuse.
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Air Macau takes advantage of economic diversification for expansion, CAPA says
Macau Daily Times
Air Macau is finally taking encouraging steps to support the city's economic diversification, signaling a gradual shift from Macau's status as a gaming hub into a leisure hub as “resort” tourism balloons. An expansion of operations arrives after Air ...
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Enquiries at AL: Public servants' allowances to increase
Macau Daily Times
Macau's public workers are set to receive allowance increases, promised the Director of the Public Administration and Civil Services Bureau yesterday in a Legislative Assembly (AL) plenary session, according to TDM. José Chu was speaking in response to ...
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Casino workers association petition for labor rights
Macau Daily Times
The Association for the Promotion of Casino Workers' Rights yesterday petitioned at the Health Bureau for healthier working conditions, and went to the Labor Affairs Bureau to protest casino operators who do not provide insurance for employees working ...
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Telecom operators may have to compensate users for blackouts
Macau Daily Times
The Bureau of Telecommunications Regulation (DSRT) is studying the feasibility of a legal mechanism for telecom operators to compensate users in the case of a network breakdown, after last year's multiple blackouts cast doubts over the telecom ...
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New date for Titanic II Macau event
eTravelBlackboard - Asia Edition
Shipping company Blue Star Line has announced a new date next year for the Macau Titanic II event as well as rescheduling five other Titanic II events around the world. In April, 2012, Professor Clive Palmer, a leading Australian businessman and owner ...
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Billionaire Lau's Macau Bribery Trial Delayed Again
Bloomberg
Prosecutors accuse Lau of bribery and money laundering in relation to the acquisition of land in Macau, Chinese Estates said last year. Lau, who controls almost 75 percent of the HK$23.6 billion ($3 billion) developer, has denied allegations that he or ...
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Bloomberg

Hong Kong tycoons' corruption trial in Macau adjourned due to illness
South China Morning Post
At Macau's Court of First Instance yesterday, Lau's lawyer Leong Weng-pun submitted a letter from his doctor, certifying that he was suffering from a chronic disease and was unable to attend the hearing. But the application for absence was opposed by ...
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Bet On Las Vegas Sands And Melco To Win On Macau Gaming Growth
Forbes
Major casino operators have increased their exposure to Macau as the Chinese territory increasingly delivers a greater chunk of their revenues. Despite a 13.5% increase in Macau gaming revenues last year, big names like Las Vegas Sands and Wynn ...
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Casino workers unsatisfied with smoking ban
Macau Business
The Macau Gaming Industry Staff's Rights Association yesterday slammed the recently enacted partial ban on smoking inside casinos. The group, set up in October and with around 500 members, says the new rules don't protect the health of casino workers.
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Macau Business

Broken Tooth Koi reportedly refused entry into Singapore
Macau Daily Times
Macau former triad leader Wan Kuok Koi, better known as “Broken Tooth Koi” was reportedly refused entry into Singapore, a city that, like Macau, has a well-developed casino industry. According to the report by Hong Kong's Next Magazine, Wan made his ...
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Court says 'no' to Reolian's concession fight
Macau Business
The company wants all three bus operators, including Transportes Urbanos de MacauSARL and Sociedade de Transportes Colectivos de Macau SARL– to be considered public service concessionaires in order to be granted a road tax exemption. Reolian ...
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Macau Business

Multi-agreement reached between HK and Macau on arbitration issues
Macau Daily Times
In the foreseeable future, Hong Kong and Macau courts will mutually recognize and enforce arbitral awards, according to an agreement signed between the two governments. Yesterday, an arrangement concerning reciprocal recognition and enforcement of ...
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Macau approves new $2.5 bn MGM China casino
AFP
(AFP) – 1 minute ago. HONG KONG — Macau gave casino giant MGM China the official go-ahead to build a second casino in the world's biggest gambling centre Wednesday, sending shares in the company soaring 7.0 percent. The $2.5 billion casino, to be ...
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Rimsky Yuen to 'follow up' on extradition deal with Macau
South China Morning Post
Secretary for Justice Rimsky Yuen Kwok-keung was speaking in Macau yesterday after he signed an agreement to allow mutual recognition of arbitral awards between the two cities with Macau Secretary for Administration and Justice Florinda da Rosa Silva ...
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Is Las Vegas or Macau the world's casino capital?
Breaking Travel News (press release)
Macau, a special administrative region of China, relaxed monopoly control of its gaming industry in 2002 in a bid to generate economic growth via gambling tourism. The plan worked perfectly and it replaced Vegas as the world's most-lucrative casino ...
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Breaking Travel News (press release)

Macau casinos end year on a high
CNN International
(Financial Times) -- China's gambling mecca hit a lucky streak in December with Macau casino revenues jumping 19.6 per cent year-on-year, to a record $3.5bn for the month, marking a positive end to a year of slowing growth in the industry. December ...
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Macau bets are still hot
New York Post
Shares in Steve Wynn's casino in Macau and its rival, the Sands China, were raised to buy from hold by Deutsche Bank. In a note to clients, analyst Karen Tang said profits of casinos in Macau could rise 26 percent to 30 percent because of the Dec.
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Tycoon Lau calls in sick for Macau graft trial
Hong Kong Standard
Lau and and BMA Investment chairman Steven Lo Kit-sing have been charged with alleged bribing of aMacau official to secure a plot of land for the luxury residential project La Scala. Lo was present in court, but Lau did not show up today. The Public ...
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The art of togetherness, as seen in Macau's tea ceremony
GMA News
The art of togetherness, as seen in Macau's tea ceremony. Documentary filmmaker Howie Severino drinks tea with Lo Heng Ko, President of Macau's Teaist Society. (Aired December 24, 2012). Date posted: Jan 8, 2013 3:51pm. Reporter: Howie Severino ...
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McLaren MP4-12C is Orange in Macau
CarNewsChina
Incredible pictures from an inedible car. This is a very orange McLaren MP4-12C seen in an underground parking in the great city of Macau by reader L!no@Macau, thank you for the pictures! The steering wheel sits on the right because in Macau traffic ...
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CarNewsChina

Police investigating whether triad activities are behind the killing of 15 ...
Macau Daily Times
The police are investigating whether the death of a 15-year-old student was related to triad activities. The student's death was the result of an attack by a group of young men in the NAPE area last month, but no evidence could directly link the case ...
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Blogs 6 new results for "MACAU" News


HONG KONG - MGM China gets official OK for 2nd Macau casino ...
By AP Business Writer (KELVIN CHAN)
The Chinese arm of U.S. casino company MGM Resorts International won official approval Wednesday for its new Macau casino-resort, putting it a step closer to catching up with rivals in the world's most lucrative gambling market. ... Contact Us E-Edition Newspapers in Education Featured Businesses AdvertiseNewspaper Ads User Account Dashboard · Myrtle Beach Online - News, Sports & Entertainment from The Sun News · Myrtle Beach Online's Mug Shots Index · Career Builder ...
The Sun News -- Business - Wire
SJM leads Macau market share in 2012 - Online Gambling News
By Peter Amsel
SJM Holdings maintains Macau market share lead in 2012; casino smoking ban brings customer fines and strike threats from workers.
Online Gambling News
Vegas casinos see shares rise from Macau's record revenues ...
By Kirby Garlitos
Macau posts record casino revenue in December; 2012 figures also sets new mark. Kirby Garlitos January 2, 2013. Zynga's cost-cutting plan results in more games casualties. Kirby Garlitos January 2, 2013. Macau daily gambling news ...
Online Gambling News
Macau gives MGM China's new casino official stamp | 4-Traders
A new $2.5 billion Macau casino planned by MGM China , the Chinese arm of U.S. gambling giant MGM Resorts , received a boost on Wednesday after the government formally approved the project... | January 9, 2013.
Stock market news - Company News...
MGM Resorts' Cotai Land Concession Gazetted by Macau - Benzinga
By Charles Gross
MGM Resorts International (NYSE: MGM) today announced that the land concession accepted by MGM Grand Paradise, S.A. on October 18, 2012 has been officially gazetted by the Macau government. The land concession is on the terms ...
Benzinga - Stock Market Quotes,...
MGM China gets nod to build new casino resort in Macau | Wall ...
Latest News. MGM China gets nod to build new casino resort in Macau. The Macau government has approved the request of MGM Resorts... Posted 5 hours ago; 0 · India pledges proportionate response against Pakistan for 'ghastly attack' ...
Wall-Street.com | Wall Street...

Macau casino revenue in 2012 rose to $38 billion - Yahoo! omg!
From Yahoo! omg!: HONG KONG (AP) — Casino revenue in Macau climbed 13.5 percent last year to a record $38 billion, as the Asian gambling hub reinforced ...
omg.yahoo.com/.../macau-casino-revenue-2012-rose-38-billio...

Macau casino revenue in 2012 rose to $38 billion - Yahoo! News
From Yahoo! News: Casino revenue in Macau climbed 13.5 percent last year to a record $38 billion, as the Asian gambling hub reinforced its position as the ...
news.yahoo.com/macau-casino-revenue-2012-rose-07182350...
News Summary: MGM China gets 2nd Macau casino
JACKPOT: The Chinese arm of MGM Resorts International won official approval for its new Macaucasino-resort, putting it a step closer to catching up with rivals ...
bigstory.ap.org/.../news-summary-mgm-china-gets-2nd-macau...
MGM China's New Macau Casino Gets Green Light - One News Page
MGM China's New Macau Casino Gets Green Light ♢ The Chinese unit of U.S. gambling giant MGM Resorts International has won approval from the Macau ...
www.onenewspage.us/.../MGM-China-New-Macau-Casino-Get...
Macau casinos end year on a high - CNN.com
China's gambling mecca hit a lucky streak in December with Macau casino revenues jumping 19.6 per cent year-on-year, to a ... 2013 Cable News Network.
edition.cnn.com/2013/01/02/business/macau.../index.html

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