It generated gaming revenues of us$ 962 million last December
(Macau).- Macau saw its gaming revenues for the whole of 2008 surged 31 % year-on-year to record high of us$ 13.7 billion, local television station TDM reported on this week.
The casino industry has been pressured as consumers curb spending
(Hong Kong).- Melco Crown Entertainment said that it will start trading on the Nasdaq Global Select Market. The Hong Kong-based company, which develops and owns casino resorts in the Chinese gambling enclave of Macau, previously, traded on the Nasdaq Global Market.
While Hong Kong and Shanghai will soon see new hotels in the cities
(Macau).- Ritz Carlton is planning new hotels in new locations such as Shenzhen and Macau, according to a report from Emirates Business. It is expanding operations in the Middle East with one hotel coming up in Dubai next year and plans for four more hotels across the region from 2011 onwards, according to a senior company official.
According to a recent research
(Israel).- According to an investigation performed by the Center of Academic Studies with the collaboration of doctors Tzaji Cohen and Gershonm Gilat, a hundred an ten illegal casinos operate in Israel.
The hotel features 360 rooms, 84 suites, meeting space and a Four Seasons Spa
(Macau).- The Four Seasons Hotel Macau opened recently, showcasing impressive interior design work from Hirsch Bedner Associates. A mixed-use lifestyle and entertainment complex on Cotai Strip, The Four Seasons Hotel Macau comprises of serviced apartments, high-end shopping, a boutique-sized casino and fine dining and other entertainment options.
It said many of the workers would be offered alternative employment
(Macau).- Macau’s giant Venetian casino owned by troubled Las Vegas Sands has sacked 500 staff, the company said in a statement, the latest sign of the firms’ struggles to deal with the global credit crunch.
It still doesn't have a policy that licenses casino in the country
(Vietnam).- Prime Minister Nguyen Tan Dung has agreed in principle to the construction of a large tourism and entertainment centre with a casino on Phu Quoc Island off the southern province of Kien giang. He has also asked the Ministry of Planning and Investment to compile a decree on casino business. The Prime Minister told the Ministry of Construction to urgently check and amend the general plan of construction for Phu Quoc Island to 2030.
According to official figures
(Macau).- Visitor arrivals in Macau grew by about 3 percent last month from a year earlier amid tighter travel restrictions on mainland Chinese tourists, the government Statistics and Census Service said this week.
Which was 20 % higher than the expected tax income for the whole of 2008
(Macau).- Macau recorded us$ 400 million in direct tax income from gaming in November 2008, according to the figures recently released by the Financial Services Bureau (DSF) of the Special Administrative Region (SAR).
Interview to Lyubov Loginova, Chairman of Alsart's Directors Board
(Kazakhstan).- In January 2007 Kazakhstan’s President, Nursultan Nazarbayev, signed the law to introduce amendments to the gambling bill, that will regulate the activity and allow only two gaming zones: Kapchagai and Schuchinsk. Lyubov Loginova, Chairman of Alsart’s Directors Board, talked about the situation of the activity in the country, and how does the firm work in the current market conditions.