Billionaire casino developer Steve Wynn criticized former Chinese leader Mao Zedong, as he told more than a thousand investment advisers at a conference that the communist revolutionary's Cultural Revolution was "imbecilic" and "almost ruined" the country. The chief executive of Wynn Resorts spoke during a question & answer session at the Charles Schwab IMPACT 2007 conference. Most

Recent moves to diversify Macau's economy with the development of integrated resorts such as the Venetian Macao and MGM Grand are luring eager visitors and spurring growth. But while the cash and chips flow fast and furious on Macau's gambling tables, the story is different on the road. Traffic congestion, hour-long taxi queues, and huge crowds

Yet another airline is opening a route from China's Wuhan to Macau ensuring that tourism and travel to Macau will continue to grow. East Star Airlines has been approved to open a new passenger routes from Wuhan to Macau and from Wuhan to Hong Kong, Xinhua reported (in Chinese). The routes, which were approved 18 months after

Vigers has just released an interesting report about Macau's economic boom. Read Report: Macau Property Update report Courtesy: Vigers

The Macao Special Administrative Region Government signed on October 29, 2007 a concession contract for operating maritime passenger services between Taipa Ferry Terminal, Macao and Hong Kong with COTAI Waterjets (Macau) Limited, which is owned by Las Vegas Sands. The signing ceremony took place in the Office of the Secretary for Transport and Public Works, with

The rapid development of the tourism sector in recent years has attracted openings of several new hotels. In 2006, there were 80 hotels and similar establishments in operation, which included 49 hotels and 31 guest-houses, providing a total of 12,915 guest rooms. At the end of 2006, the number of persons engaged in the hotel and

 THE second Asian Indoor Games got off to a colourful start at the Macau Stadium, which was officially opened by chief executive Edmund Ho. Some 3,000 athletes from 45 Asian countries and regions are taking part in 17 sports and three demonstration sports in this edition of the Games. The evening was presented by a total of

Gaming and gambling activities in Macau posted gross revenues of 58.905 billion patacas (US$7.363 billion) in the first nine months of 2007, the Gaming Inspection and Coordination Bureau (GICB) said on its website. The revenue achieved between January and September exceeded that for the whole of 2006 - 57.521 billion patacas - of 2004 - 43.511

It was straight to business from the get-go at this year's Macao International Trade & Investment Fair (MIF), with Macau and Zhuhai signing a US$4 billion deal to build a Japanese theme park in Zhuhai on Thursday, October 18. Destination Macau has learned that Japanese movie production company, Micott & Basara Inc. are partnering with another

Macanese F3 driver Rodolfo Avila has completed a successful test session with the HBR Motorsport team as part of his Formula 3 Macau Grand Prix race preparation. After some ups and downs during the International Formula Master first season Rodolfo Avila returned to the F3 cockpit last weekend in the Czech track of Brno. It was