Word: macau
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...ANNOUNCED. AGREEMENT TO FIELD A UNIFIED TEAM at the 2006 Asian Games and the 2008 Olympics; by North and South Korea; in Macau. Athletes from the two countries walked together at the opening ceremonies of the 2000 Sydney and 2004 Athens Olympics, but the countries have never merged squads for a major competition...
HANDED OVER. Temporary management of BANCO DELTA ASIA, a Macau bank that the U.S. has accused of laundering money for North Korea; to the Macau government, in an attempt to stop a run on the bank; in Macau. Last month the U.S. Treasury Department called the bank a "primary money laundering concern" and proposed severing its ties to the American financial system. Over the following three days, nervous depositors withdrew about $39 million, or 10% of the bank's deposits. Bank officials deny the U.S. allegations...
...such equivalent in or around Monte Carlo?or, for that matter, in Nice and Cannes, both of which combine glamour, history, good food, a healthy climate and the flamboyant luxury of megayachts. By all means bring a casino to Hong Kong. But make it Monte Carlo, not Macau, which today has little more visual appeal than Shenzhen. Hong Kong does not need millions of low-income tourists playing pennies on the tables or in the slot machines. It does not need to cover its beautiful islands with holiday villas for businessmen and bureaucrats from Guangdong and high-rise hotels...
...plans to slap that giant signature around the world. His company, Wynn Resorts, is set to open Wynn Macau in China next year, has bid for a gaming license in Singapore, is investigating a London property and in 2008 will finish Encore, a $1.4 billion, all-suites hotel on 8 hectares adjacent to the Wynn. Within a decade, the company intends to rip up Wynn Las Vegas' brand-new, Tom Fazio-designed golf course to build housing developments and entertainment facilities...
...plan. When Wynn Resorts went public in 2002, demand for shares was so soft that Wynn put up $150 million for the $13-a-share stock. Since then the stock has soared, closing at nearly $53 last Friday. Much of that price is high expectation about his new Macau property, due in 2006, which is part of an influx of American casinos setting up shop there...