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...global recession than the Chinese gambling mecca of Macau. After the local government opened the gaming business to new casino operators in 2002, the former Portuguese colony (population 540,0000) boomed as billions of dollars of investment poured into new hotels and casinos and newly wealthy Chinese crowded baccarat and blackjack tables. But the good times came to a sudden end in late 2008 as the credit crunch paralyzed global financial markets. Gaming revenues sank and casinos laid off staff. Sheldon Adelson, chairman of casino operator Las Vegas Sands, was forced to halt his $12 billion plan to build...

Author: /time Magazine | Title: Macau: Is the Casino Boom Back? | 9/23/2009 | See Source »

...Despite baccarat's dominance, a 2006 ban on Internet gambling in the U.S. is prompting poker promoters to take their card game across the Pacific in hopes of setting down roots in Asia's Las Vegas. Since the Macau government approved Texas Hold'em cash games and tournaments in January 2008, three casinos have opened designated poker rooms. In its first year in Macau, Texas Hold'em brought in less than $7 million, but that number is set to rise: in the first quarter of 2009 alone, the game took in more than $4 million. "Poker has exploded in Macau...

Author: /time Magazine | Title: Does Poker Stand a Chance in Asia? | 7/10/2009 | See Source »

...professional poker player. He spends his days betting on as many as 12 simultaneous tables online, and then plays into the night in cash games at the Grand Lisboa. "Once people understand that poker's a game of skill, they'll grow into it and definitely prefer it over baccarat," says Huang, referring to the fact that baccarat players bet against the house while poker players bet against each other. "Give it another three or five years. Poker here is going to be as huge as anywhere else in the world." It's a tempting bet, but can you ever...

Author: /time Magazine | Title: Does Poker Stand a Chance in Asia? | 7/10/2009 | See Source »

...place in China where casinos are legal, Macau opened up its gambling industry in 2004, spurring the number of casinos to jump from 11 to 32. While there may be a question of where this city's gamblers like to play, there's no debating which game is king. Baccarat, a 15th century Italian table game, contributed 86% of Macau's $14.1 billion in gambling revenue last year...

Author: /time Magazine | Title: Does Poker Stand a Chance in Asia? | 7/10/2009 | See Source »

Four guys--the groom (Justin Bartha), his fiancée's oddball brother (Zach Galifianakis), a henpecked friend (Ed Helms) and the token normal guy (Bradley Cooper)--go to Las Vegas for a booze-babes-and-baccarat bachelor party two nights before the wedding. It'll be, one promises, a "night we'll never forget." Next morning, three of them come groggily to in their suite. With them are a tiger in the bathroom and an infant in the closet. Missing, to their horror, are the groom--and any memory of what happened the night before...

Author: /time Magazine | Title: A Night to Forget | 6/15/2009 | See Source »

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