Word: macau
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...Today, Tiananmen seems forgotten in mainland China, or else it is seen as a blip on the march to prosperity. In Macau, the annual remembrances are almost invisible events (only 70 people attended last year's gathering, which jointly commemorated Sichuan earthquake victims). Only in Hong Kong are the killings still openly observed and debated by large numbers - a tribute to its unique status as China's freest society, and a reminder of the widely held view that China can truly move forward only when the 1989 protesters have been rehabilitated. "We have been China's conscience," said journalist Ching...
...Sichuan province that were devastated by a 2008 earthquake, money that would have been spent in any event. But wherever you go in China now, you come across projects that boggle the mind. In late March, for example, the government began soliciting bids for the Hong Kong - Zhuhai - Macau highway, a bridge-and-tunnel complex 16.5 miles (26.6 km) long that will allow connections among 35 ports in the Pearl River Delta, the cradle of China's economic boom. When completed in 2015, the $10 billion project will cut driving time from Hong Kong to the industrial area of Zhuhai...
...notwithstanding the amounts that will disappear into bank accounts in Hong Kong, casinos in Macau and the gaudy houses that stud the outskirts of every Chinese city, China stands to gain more than it loses through its building campaign. The scale of its needs remains immense: the country's leaders are, after all, attempting to move more people out of dire poverty and into something like comfort in a shorter time than has ever been seen before in human history...
...Macau drought could get worse before it gets better. More competition is on the way. Melco Crown on June 1 is slated to open its City of Dreams project in Cotai, across the street from Adelson's Venetian, adding a 520-table casino and a Hard Rock Hotel to the market. Still, some analysts believe Macau's fortunes are starting to improve. Aaron Fischer, gaming analyst at brokerage CLSA in Hong Kong, says that China's economy is strengthening, which could benefit the city's tourism industry. He also notes the Chinese government seems to be loosening its tight visa...
...Vegas Sands is considering a range of ways to raise additional funding, including selling minority stakes in its existing Macau properties or listing its Macau operation on the Hong Kong stock exchange. The company "continues to pursue and consider a variety of options," says a Las Vegas Sands spokesman, who declined to discuss details. The company said it hopes to restart construction on the Cotai project by the end of the year...