Word: casino
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...INDICATORS Financial Gamble Creating the world's largest casino firm, the Mandalay Resort Group accepted a $7.9 billion takeover bid from rival U.S. operator MGM Mirage. The combined companies would control one-third of casinos on the Las Vegas Strip, and half the hotel rooms...
...lined with hookers and occasionally reverberated with gunfire and car bombings from triad gang battles. The gambling business?which contributes 75% of Macau's government's revenue and supports the city's only major industry, tourism?has been the exclusive province of Stanley Ho, an elusive 82-year-old casino-and-property tycoon. His company, Sociedade de Turismo e Divers?es de Macau (STDM), has not kept gaming operations in step with the times. The Lisboa hotel and casino, the flagship of 12 Macau gambling houses owned and operated by Ho, opened in 1970, and years of hard use are reflected...
...pink, sequined bikinis and multicolored feathers pranced and greeted visitors. Towering above the busy slot machines, a 33-m-wide video screen flashed fireworks and ocean sunsets. Waiters in traditional Chinese peasant hats scurried between the tables with free cups of tea. A jazz band jammed at the casino bar. At the "888 Las Vegas Buffet," gamblers stuffed themselves silly with all-you-can-eat sushi, pasta and Indian curries for $17 a head?a bargain by local standards. Behind wooden doors, big spenders, or "whales" in Vegas lingo, enjoyed quiet VIP rooms with plush maroon chairs and lofty windows...
...traditional triple seven that wins big in the U.S. But no matter how Asian-friendly, gambling alone won't be enough to fill thousands of new hotel rooms. "Right now, Macau is for the gambler, period," says Wynn, who is planning to break ground on a $550 million hotel-casino he calls "the most ambitious in the Pacific Rim" later this year. "The trick is to add other dimensions to the town, open the door to people who haven't been going to Macau...
...only person who seems likely to lose out in the new Macau is former monopolist Ho. "Stanley Ho is going to have to change his thinking," warns Adelson. Maybe. But Ho's daughter, Pansy Ho, an STDM director, is negotiating with MGM Mirage, the world's biggest casino operator, for a possible alliance. Ho is building a second, $250 million Lisboa across the street from the original. And he is also constructing a $140 million amusement park called Fisherman's Wharf, set to open later this year on a pier jutting into Macau's harbor. "We want to show Chinese...