Word: casino
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There's a celebrated scene in dostoyevsky's classic novel The Gambler in which a wealthy, 75-year-old Russian grandmother takes a seat in a casino and watches a young man pile up his winnings at the roulette table. After a few minutes, she nudges the narrator, and instructs him: "Tell him to stop and take his money with him. Soon he will be losing - yes, losing everything that...
...project reinforced the usefulness of the convention as a place to see and understand the incredible variety of people who compose the Democratic Party today. This tangible evidence ranged from portraits of John Lewis, a congressman and leader of the Civil Rights Movement; to delegate Bill Walsh, a former casino owner, cowboy, and catholic priest from South Dakota; to a Laotian couple who married in the United States but grew up hiding in the jungle and living in refugee camps before emigrating to America. Portraits also included a famous musician, several Hollywood actors, a Puerto Rican delegate, a farmer from...
...Melco Crown ripped out slot machines and low-end gaming tables and expanded its VIP casino. But more importantly, Ho outmaneuvered his competitors by coming up with an unusual arrangement to ensure a steady flow of big fish. Macau casinos attract most of their wealthy clientele by working with junket operators, companies that function like specialized travel agencies. By maintaining close ties to high-end gamblers and often providing them with credit to bet, junket operators funnel traffic to the casinos, which pay them commissions. Macau has scores of independent junket operators, making business unpredictable. Ho figured...
...high-roller business to Melco Crown and others this year. Ho says his mentor has remained supportive. "He's been great," Ho says. "Even when we weren't doing so well, he did give us advice. It's almost like the two of us have formed our own little casino association. When we have meals together, he looks at me as his son rather than a competitor - even though we go after the same piece of chicken sometimes," Ho says...
...could come as several major new projects are launching. Early next year, Melco Crown will open the City of Dreams, a $2.3 billion megaresort that boasts several hotels (including a Grand Hyatt and a Hard Rock Hotel), a 2,000-seat theater, a shopping mall and a 550-table casino...