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...That prospect would be a big boost to the casino companies. During the boom years, Macau casinos minted profits at an astonishing rate, but over the past year, the recession has taken its toll on bottom lines. Melco Crown, for example, swung to a loss of $179 million in the first six months of 2009, compared with a gain of $37.5 million in the same period a year earlier. Wynn's Macau operations saw net profit sink 35% in the first half of 2009. CLSA's Fischer, however, believes the industry is set for a turnaround. Cost-cutting measures implemented...

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

...Macau gambling king Stanley Ho, opened the French-themed, 170-table Casino L'Arc. It is SJM's 17th casino in the city, and the company plans to launch another, Casino Oceanus, by the end of the year. In June, Ho's son Lawrence, CEO of NASDAQ-listed Melco Crown Entertainment, opened a mega-resort called City of Dreams, with a 520-table casino and a Hard Rock Hotel. An 800-room Grand Hyatt opens at the resort later this month. Wynn is also finishing a $650 million expansion of his Wynn Macau. Called the Encore, the addition, expected...

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

...games' following through newspapers and radio took off. Stories of gritty players overcoming adversity to triumph on the field were printed "almost ad nausea," says Crepeau. From the economic misery, heroes offered a diversion. When Joe Louis fought back to beat German Max Schmeling for the world heavyweight boxing crown in 1938, he later said, "the whole damned country was depending on me." Australia's greatest Depression heroes were a cricket player and a horse. Populated by local working class heroes, English soccer "provided a sense of national wellbeing at a time when other factors weren't able...

Author: /time Magazine | Title: Why Sports Cheats (That's You, Renault) Swindle Us All | 9/20/2009 | See Source »

...Eagles—ranked 12th in the nation at the time—to a 1-1 draw. The tie extended what would eventually be a six-game unbeaten streak for Harvard, which would later string together six-straight league wins on its way to the Ancient Eight crown. If the Crimson wishes for history to repeat itself, it had better start soon. —Staff writer Dennis J. Zheng can be reached at dzheng12@college.harvard.edu...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: DZ DISCOVERY ZONE: Harvard Hopes To Bounce Back From Early Season Mishaps | 9/17/2009 | See Source »

...from bigger, more sports-oriented universities. The Harvard women’s golf team is no different. Having conquered the Ancient Eight the past two seasons, the Crimson is setting its sights on regional and national competition this year as it aims for an unprecedented third consecutive Ivy League crown. “When we are able to compete against better teams, we get better ourselves,” captain Claire Sheldon said. “Our strength of schedule and ranking will also improve when we take on teams from outside the New England region.” Harvard?...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Crimson Hits It Big in Vegas | 9/16/2009 | See Source »

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