Word: hotelling
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...most of the past five years, the Chinese gambling mecca of Macau seemed a sure bet. After the local government ended a decades-old gaming monopoly in 2002, some of the biggest casino and hotel operators in the world rushed in with new projects, eager to tap into the hoards of wealthy Chinese who increasingly flocked to the "Asian Las Vegas." The first American company to enter the market was Las Vegas Sands, which opened the Sands Macau casino in 2004 - and earned back its $285 million investment in only a year. U.S. casino mogul Steve Wynn, who opened...
...Mirage opened the $1.25 billion MGM Grand Macau hotel and casino in 2007 in partnership with Pansy Ho, daughter of tycoon Stanley Ho, who held a monopoly on gaming in Macau for four decades and continues to operate casinos in the city today. In a filing with the U.S. Securities and Exchange Commission, MGM Mirage said that the New Jersey Division of Gaming Enforcement had deemed Pansy Ho an "unsuitable" partner after a four-year investigation. The agency recommended that MGM Mirage "be directed to disengage" itself from the joint venture. Company officials didn't reveal the reasons why regulators...
...statement, MGM Mirage - which operates the famed Bellagio hotel and casino in Las Vegas - said that "we disagree with the recommendation" and "we look forward to presenting our position." Pansy Ho in a statement said that "I and my advisers will need time to read and consider the contents of the report and decide how best to respond to it." The New Jersey commission is expected to hold a public hearing on the matter...
...Hotel Nassauer Hof: The thermal pools of this grand hotel's Beauty Centre look across Wiesbaden's rooftops through its fifth-floor windows. Guests are welcomed with a glass of champagne, perhaps followed by a basalt-stone massage, a water-bed exfoliating treatment or a marine-mud pack. Hotel guests have free access to the designer wellness area but nonresidents need to book a day treatment, which buys entry rights to all the facilities. A full-body massage and facial treatment form part of the day package, with prices starting at just over $230. The spa also works closely with...
...flop depending on Israel's willingness to make concessions to the Palestinians. After Netanyahu's trip, the Israeli public will brace for a tougher approach from Washington. A Haaretz cartoonist showed Obama escorting Netanyahu across the White House lawn and telling him, "You can take the subway to your hotel. Next time you're around, give me a call." This sort of casual send-off isn't what Israeli leaders are accustomed to when visiting the White House...