Jonathan April 3, 2024 17:13:14
Though horse racing has a long history on the former Portuguese colony of Macau, recently it's faced an uphill struggle paying it's considerable debts. Many members of the prestigious Macau Jockey Club blame poor management for its demise. However, the current political views coming from China sealed the fate of the race track.
Beata May 2, 2023 17:47:42
Let's get started and found out all about Stanley Ho! If you like gambling and casinos you must know his name by heart!
Eniko December 21, 2021 23:08:09
The casino business is a very profitable business with the owners of the largest casinos earning hundreds of millions of dollars every year. We can find some well-known names in the list of the richest casino owners in 2021 like Donald Trump’s partner, Phil Ruffin. Along with the richest casino owner, Sheldon Adelson whose estimated fortune was $29,9 billion at the time of his death this January.
Frederick H. August 23, 2015 10:05:42
Poker in Macau has the potential to be a righteous combination Poker in Macau has traveled from a different world. China had gambling 140 years before the onset of Chinese casinos. Gambling in modern day China wasn’t realized until 1962, when the government legalized it following Macau’s return by the Portuguese. The Peoples Republic of […]
Frederick H. August 15, 2015 16:30:49
The World’s Biggest Casinos have the power to attract millions of visitors at any given time, thanks to their immense gaming offers and other non-gambling services. Decades ago, when the fate of casinos first came into jeopardy, financiers were able to halt their extinction by using high-return bonds. The process proved risky, but everyone on […]
Frederick H. August 13, 2015 12:23:34
The world’s biggest casinos highlight gambling’s most massive venues The massive economic recession that infected global commerce also had repercussions in the entire gambling industry. In an effort to create more revenue within the US, more states were getting approval to construct casinos. The internet has provided added competition for casinos. Online and mobile casinos […]
Phyllis F. January 19, 2015 10:44:40
Junkets first became popular in Macau thanks to a now obsolete law prohibiting casinos from lending money. Macau’s gambling industry continues its steady stream of decline with Macau’s fourth quarter VIP revenue down 29% and mass market revenue down 16%. And who or what is responsible for this slide? Speculations are that on the one […]
Phyllis F. January 6, 2015 08:54:01
Following the plunge in revenues, Melco Crown may quit the HK stock exchange. The gambling enclave lost almost $100 billion of market value during the Chinese government’s clampdown on corruption. With revenues falling to 30.4% in December, 2013 ended badly for the gaming industry in Macau. This was the seventh month in a row where […]
Macau casino revenue has declined for five straight months. While politics on the mainland are partially to blame, casinos should update their business model. Macau is far away the preferred destination for gamblers, with annual casino revenue lapping Las Vegas several times over ($45 billion to $6.2 billion) in 2013. Shimmering mega-casinos like the Venetian […]
Chinese tourists are shying away from politically explosive Hong Kong, while Macau casinos welcome them with open arms. For the past two week protesters have poured into the streets of Hong Kong demanding the right to free and transparent elections. China and Hong Kong are held together by a “one country, two systems” concept in […]
Monica E. July 30, 2014 14:07:06
Well-established companies from Las Vegas turned Macau into the world’s most popular and glamorous gambling hub. For decades, anyone who visited Macau knew the cylinder-shaped hotel tower of the Casino Lisboa to be the symbol of the former Portuguese colony. But today, Macau is the most luxurious, most visited and certainly most profitable gambling destination […]
Alex Nevsky July 26, 2014 08:55:27
James Packer and his Crown Resorts casino giant pledged to give out $200 million over the next 10 years. You probably know all the major casino tycoons: Sheldon Adelson of Las Vegas Sands, who’s campaigning to ban online gambling in the USA; Stanley Ho, the most influential casino boss in Macau and all over Asia; […]
Alex Nevsky April 1, 2014 18:25:30
Brisbane and Queensland will receive new casino properties, with the bidding process already commenced. Brisbane Queens Wharf development area will get a brand new casino operating under Australian gambling laws soon. There already have been four official expressions of interest shown in the project. The potential bidders include Lend Lease, Crown, Echo Entertainment and Greenland […]
Monica E. February 18, 2014 16:00:48
For most people, gambling is associated with money laundering, crime, cheating, addiction and of course painful, life-ruining losses. Admittedly, there’s a dark side to the habit of playing for money, but some people still managed to find a way to turn “evil” into something good: charity. Non-profit organizations and even churches organize lotto raffles and […]
Tom S. January 16, 2014 14:35:53
With restrictions on casino gambling, Hong Kong investors turn to the “Asian Las Vegas” to strike it rich on the new Forbes list. Forbes recently released its 2014 Asia Top 50 “rich list”, with investors in Macau casinos coming out resoundingly on top. Both cities are autonomous Chinese territories, but only Macau is a gambling […]
Alex Nevsky December 10, 2013 12:14:16
MGM Resorts and Wynn Resorts' Macau business under question as Massachusetts suitability hearing looms
Alex Nevsky September 10, 2011 01:54:01
James Packer and Lawrence Ho could invest $1 billion in a Manila casino, according to Philippine gambling regulator
Alex Nevsky August 19, 2011 01:46:02
Macau gambling godfather Stanley Ho continues to cut his empire in pieces after a public family quarrel
Brian M. January 24, 2011 13:46:09
Stanley Ho, “The King of Gambling” and chairman of casino operator Sociedade de Jogos de Macau, transferred his stake in company to his wives.
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