Word: macau
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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 20 acres 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...
...loves the 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 $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...
...Over the past 20 years, Macau has been reinvented. One of the most relentless building programs of modern times has transformed this onetime Portuguese enclave from a backwater of crumbling villas, sleeping dogs and avuncular priests into a shiny pleasure zone that is the envy of southern China. From across the Pearl River estuary, Hong Kong's worldly denizens once snickered pityingly at their small-town, Macanese cousins. Now the latter are having the last laugh, unveiling bombastic showpiece after showpiece-from dazzling casinos and resorts to a new sports arena and (in the works) a lavish theme park complete...
...look like billion-dollar monuments to kitsch, the Las Vegas Strip might seem impossible?not to mention inadvisable?to replicate. But Sheldon Adelson, the CEO of Las Vegas Sands and the city's richest developer, thinks America's gambling mecca is ripe for cloning. Last week he flew to Macau, the only place in China where casinos are legal, to unveil a glittering scale model of the Cotai Strip, a $12-15 billion development modeled on Las Vegas' famed stretch of luxury hotels and gaming dens...
...Macau has been undergoing an economic boom since the local government ended a longstanding monopoly and opened the casino business to foreign investors in 2002. But the Cotai Strip takes the boom, and the city's glitz factor, to a whole new level. The first part of the project, slated for completion in 2007, includes Hilton, Marriott, Dorsett, Sheraton, InterContinental, Regal and Four Seasons hotels and casinos in addition to Adelson's own Venetian Macao. Besides more than doubling the number of hotel rooms in the city, the 1.3-km Cotai Strip's initial phase will boost entertainment and business...