Word: casino
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...supply chains--Wal-Mart announced earlier this month that it had RFID-enabled forklifts in 975 of its North American stores. RFID tags are embedded in tires. They're in library books and credit cards and lift tickets. The military uses them to track assets in Iraq. The Venetian Casino that just opened in Macau puts an RFID tag in each one of its chips. As of Jan. 1 of this year, every U.S. passport contains an RFID tag, to make them machine-scannable and more forgery-proof. (Helpful hint: if you're worried about someone snooping on your RFID...
...Ringside seats cost $3,000. (By comparison, the top ticket for the recent, much-ballyhooed fight between Oscar De la Hoya and Floyd Mayweather at the MGM casino in Las Vegas were priced at $2,000.) The Ibragimov-Holyfield fight failed to live up to its lofty price tag, however, as the champ and challenger conducted a 12-round Krokus City pantomime. It was the case of a lionhearted, but aged ex-champ conserving his strength in order to go the distance against a belt-holding opponent who has benefited greatly from boxing's fall from primacy in the West...
...Casting about for new investors after the collapse of the Soviet Union, the D.P.R.K. in the 1990s started a free-trade zone in Rajin-Sonbong, a remote area near the country's northeastern frontier. The experiment failed: the zone didn't attract much beyond a few hotels and a casino catering to Chinese tourists. Another special economic zone in Sinuiju, across the Yalu River from the Chinese city of Dandong, faltered in 2002 after the Chinese-Dutch orchid entrepreneur handpicked by Kim to run the place was arrested by China for fraud...
Gambling has come to the rescue of China's cultural patrimony. A Macau casino tycoon purchased a bronze horse head that was looted from Beijing's former Summer Palace in the 19th century and has donated it to China. Sotheby's Hong Kong announced Thursday that Stanley Ho paid $8.84 million for the piece, a record for Qing dynasty sculpture...
...past is a different question from what should happen now. The group he leads focuses on using China's growing wealth rather than calls for voluntary repatriation to bring the works back. Ho, an 85-year-old billionaire who made most of his fortune running a 40-year casino monopoly, is the most prominent example of the trend. "I hope this will encourage more people to join efforts in preserving China's cultural relics and nurture patriotic feelings," he said in a statement...