First Ferry Macau Buys Two New Ferries

Austal and New World First Ferry Services (Macau) Limited (First Ferry (Macau)) have announced the order of two new high-speed catamarans for operation between Macau and Tsim Sha Tsui, Hong Kong. With five Austal 47.5 metre high speed passenger catamarans already in service in the New World First Ferry fleet these new ferries will be near

Wynn Macau Profits Good For Wynn Resorts

Wynn Macau Generates Adjusted EBITDA of $58.5 Million in the Fourth Quarter and $60.8 Million in the 117 Days since Its September 6, 2006 Opening. It successfully opened Wynn Macau on time and on budget on September 6, 2006 and continued construction of Phase II of Wynn Macau, which is expected to open in the

Because of Stanley Ho Genting May Lose Singapore License

Singapore authority is seriously MAD at Genting Berhad and is set to teach the junior Lim a painful lesson he'll never forget for the rest of his life. If today's statement is any indicator to goes by, Genting's two affiliates Star Cruise Ltd and Genting International might be severely punished (get ready for the stocks

Pansy Ho Gets Coveted Nevada Initial Approval

Pansy Ho has been waiting four decades to get out from under the shadow of her father, Hong Kong billionaire Stanley Ho. After a passionate plea to Nevada gambling authorities that she is not her father's puppet, she won initial approval Tuesday to go ahead with her partnership with MGM Mirage Inc. to develop a

Pansy Ho To Face Nevada Regulators February 27

The common perception about Benjamin "Bugsy" Siegel is that he had numerous associations with gangsters and organized crime in the early days of Las Vegas' gambling industry. Eventually, his Flamingo Hotel became a successful property in the center of the Las Vegas Strip and it's now owned by Harrah's Entertainment, one of the most respected brands

PLB Not Interested in Tabcorp

Publishing and Broadcasting Ltd's next gaming play will be overseas, rather than in Australia, gaming chief Rowen Craigie has revealed. Mr Craigie said he was spending more time looking at international markets and that the company's next move would be overseas. Speculation has been rife for the past 12 months that it is only a matter of

Macau Chinese New Year Visitors Up by 20% over 2006

Macau welcomed almost 300,000 visitors in the first three days of the Lunar New Year, a remarkable growth of close to 20% over the same period of 2006. Average hotel occupancy rate reached 92.88% and average hotel room rate surged 15%. According to information from the Public Security Police, from February 18 (1st day of Lunar

Macau Unemployment Rate Down to 3.7%

The Statistics and Census Service released the results of Employment Survey for the fourth quarter of 2006. Principal indicators such as the labour force participation rate (66.4%), unemployment rate (3.5%) and underemployment rate (0.8%) have been published in the brief report in January. The annual unemployment rate for 2006 was 3.7%, down by 0.4 percentage

Sands Macau Told to Cough Up US$95,000

The Sands Macau casino must pay a HK$740,000(US$95,000) jackpot to the mother of an underage girl who won the money earlier this week while playing a slot machine at the casino, gaming regulators in Macau have said. However, the Gaming Inspection and Coordination Bureau also barred the mother from entering any of the enclave's casinos -

Virgin and Tabcorp Will Be a No Go

Australian Tabcorp Holdings is as they failed to reach a deal no longer talking with with Richard Branson's Virgin Group on plans to develop a US$3 billion casino in Macau. It is still understood that Virgin is still talking to other potential partners on plans to build and run a casino and resort development in Macau. Another