With the crash of a champagne bottle against a gondola, Macau's Venetian casino opened Tuesday, dwarfing anything in Las Vegas and big enough, its operators say, to shift the magnetic north of the gambling world to this small city in southern China. [youtube]http://youtube.com/watch?v=1RN7WxA0uX8[/youtube] American billionaire Sheldon Adelson and his wife Miriam inaugurated the $2.4 billion Venetian Macao

The financing of Publishing and Broadcasting Ltd's (PBL) Macau casino joint venture has been restructured as a consequence of the global credit crunch.Melco PBL Entertainment Ltd (MPEL) says it has signed a $US1.75 billion senior debt facility with a syndicate of six major international banks rather than the original $US2.75 billion finance deal announced in

A Hong Kong woman who won HK$43 million at a Macau casino may not get her money because the slot machine was not working properly, the territory's gaming inspector said. The machine showed the woman had won the equivalent of US$5.5 million after putting in just five Hong Kong dollars. But the South China Morning Post said

Harrah's Entertainment, the world's largest casino operator by revenue, has acquired the Oriente Golf Course in Macau where it plan to develop an entertainment project, the South China Morning Post reported Thursday. According to the newspaper, which is published in Hong Kong, if the development of the plot is authorized for the hotel and entertainment industry,

Melco PBL shares rose 7% Thursday after an analyst speculated that the company could eventually team up with Harrah's on a Macau casino. Any partnership deal would provide a strong boost for Melco, a casino operator in Macau. Late Wednesday, Harrah's said it had purchased Macau Orient Golf Resort, which totals over 100 acres on the Cotai