Section: Business

Grand Lisboa To Open On 11 February 2007 (Update)

Update - It has been confirmed by SJM that the Grand Lisboa will have their soft opening on February 11, 2007 just in time for the lucrative Chinese Year, which is from February 18-20, 2007. Only the lower floor where the casino is located will open to the public. Meanwhile construction on the hotel will

Winnie Ho to Sue Dr Stanley Ho Again

After been in hiding for a while, it looks like Winnie Ho is at it again! The founder of the Moon Valley Foundation sues STDM again, this time over the transfer of ownership of its bank. She argued that as more than 70% of the identity of the shareholders have not been verified since the shareholders’ register

Wynn Resorts Seeking US$1.25 Billion to Expand

Wynn Resorts has hired three banks to arrange $US1.25 billion of loans to double the size of its resort in Macau, the world's biggest gambling market in terms of revenue, said two people with direct knowledge of the deal. Wynn Macau and Wynn Diamond Suites Wynn Resorts hired Bank of America, Deutsche Bank and Societe Generale to

Macau's Bad Old Days Returns

What a gruesome story this is, as always Macau's obscure past will continue to haunt it! This obviously is related to new competion coming into the market, and as Stanley Ho last week suggested it's starting to hurt their pockets. As reported by AFP on Yahoo News - Chao Yeuk-hong, executive director of the

Steve Wynn Likes The Melco PBL Boys

Steve Wynn yesterday revealed that he might pursue business partnerships with James Packer in Las Vegas and Asia. "I like James Packer and I like Lawrence Ho," he said. "I consider them both friends and I think they are very bright men, and considering their age and the position they're in, I think they represent the