Word: macau
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Dates: during 2000-2009
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...swirls on paper squat toilets. Customers loved them and wanted more edible excretion experiences, so he opened Modern Toilet in 2004. The theme-restaurant chain now has seven outlets in Taiwan, one in Hong Kong and one opening in Shenzhen, China, this week. Plans for other cities in China, Macau, Kuala Lumpur, Malaysia are also under way. Dinner à la latrine, anyone...
...sure, Shangri-La is dealing with setbacks due to the credit crunch. In the Chinese gambling enclave of Macau, Shangri-La was scheduled to open two hotels along the city's nascent Cotai Strip this year, but casino operator Las Vegas Sands failed to raise the necessary funds and the entire project is on hold. In the U.S., a 223-room hotel in Chicago, due to open in 2011 in Waterview Tower, is also stalled due to the developer's financing difficulties...
Chichi Chinese Food. Michelin has published its first ever guide to Hong Kong and Macau. It includes two three-star restaurants, if you've got a client to entertain; or if your expense account can't swing that, there are 26 restaurants where you can get three courses for less than $40. (See 10 things to do in Hong Kong...
...Still, many continue to think that the cards are stacked in Macau's favor. "The growth is not quite dead yet," says Credit Suisse's Chan, who forecasts a 4% decline in gaming revenue growth in 2009, but a rebound to 16% growth in 2010. Lam says gambling may even be recession-proof. "Gambling is an industry that in good times, people play, and in bad times people play," he says. The casinos have been built in Macau. Now it's up to Beijing to decide whether or not to let its people play...
...pictures from the beginning of Macau's boom days here...