The US based entertainment firm MGM Mirage and Dubai World could make joint investments in Macau and the mainland, according to MGM’s Chairman and CEO Terry Lanni and cited by the Financial Times.
Lanni, who has just seen MGM open its first casino in Macau, said the projects would be ‘non-gaming’.
Dubai World secured a 4.8 per cent holding in MGM Mirage in October and the two firms are partners in Las Vegas’ CityCentre.
A junket promoter who allegedly embezzled his customer’s HK$1 million in a local casino in October was arrested by the Judiciary Police on Wednesday.
The 48-year-old Korean victim reported to police the same day after bumping into the suspect, a 39-year-old Korean surnamed Chung, outside the casino in Taipa where they went to gamble on October 14.
The Korean junket promoter, police spokesman Choi Iat Peng said, had accompanied the victim to gamble in the casino where he later won HK$1 million.
The 48-year-old merchant asked the suspect to send the lump sum to his bank in Korea by giving him his account number on that day.
Stuff like this is great for The Venetian, Cotai Strip tourism, Macau, and most importantly, its tourists. They may be balding and grey, but they still rock…“The Venetian Macau Resort Hotel and Live Nation Global Touring have confirmed that The Police will perform at The Venetian Arena in Macao, on 7th February 2008.
The incredible MGM Grand Macau has only been open for a few days and I’m already looking ahead to the opening of MGM’s Cotai Strip resort. Since that project hasnt even been approved by the government yet, I am obviously jumping the gun a bit. But I can’t help myself, so here’s what MGM has said over the past few days about Cotai:
More than 1,000 people marched through Macau streets on Thursday demanding an end to corruption and calling for greater democracy at a time of mounting tensions and social inequalities in the gambling haven.
“Fight for democracy. Protect our livelihood,” shouted the protesters, who brandished banners and shouted slogans denouncing what they called the authorities’ poor and opaque governance of the former Portuguese enclave.
The rally marked the eighth anniversary of Macau’s reversion to Chinese rule, and came as the city of about 500,000 grapples with a raft of challenges that have accompanied an unprecedented boom in its casino industry.
Wynn Resorts, Limited announced today that it will open its Wynn Macau expansion on Monday, December 24th; approximately one month earlier than anticipated. The expansion will include 85 additional tables, 551 new slot machines and Wynn Macau’s new rotunda entrance showcasing a dramatic front feature attraction. Subsequent to the opening of the expansion, Wynn Macau is expected to have a total of approximately 390 table games and 1,190 slot machines. In January 2008, we will unveil our expanded retail promenade featuring 11 new stores including Dunhill, Ermenegildo Zegna, Ferrari, Gucci, Hermes, Hugo Boss, Miu Miu, Van Cleef & Arpels, Versace, Vertu and Wynn & Company Watches & Jewelry. In addition, construction has commenced on the Wynn Diamond Suites at Wynn Macau, a fully-integrated resort hotel with over 400 luxury suites and villas along with restaurants, additional retail space and additional VIP gaming space. Wynn Diamond Suites is scheduled to open in approximately 25 months.
Wynn Macau press release
Hotel Okura Macau is to debut in September 2009, Travel Business Review reported. Hotel Okura Macau is to offer 400 rooms and features such as a bar and club lounge, along with two restaurants, one of which is to be open 24 hours.
The hotel is to be part of a 15-million-square-foot Galaxy entertainment complex offering a 700-table casino, one of world’s largest wave pools, a spa and various exercise rooms.
Galaxy Entertainment Group is to manage the hotel.
U.S. casino operator MGM Mirage and its joint-venture partner Pansy Ho plan to add to their new business in Macau by building an ultraluxurious hotel and casino on reclaimed land that has seen fervid construction.
The joint venture opened its first project yesterday, a $1.25 billion casino and 600-room hotel called MGM Grand Macau in downtown Macau.
Now, MGM Mirage Chief Executive Terry Lanni said, the joint-venture company is in talks with the Macau government to develop a second site on Cotai, a strip of land a few kilometers from congested downtown Macau that is becoming a major casino hub in its own right.
