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...contribute much to the family empire. The venture's first major investment, the $524 million, 216-room Crown Macau, appeared a feeble alternative to the ornate 600-room Wynn Macau, which opened in 2006, and Adelson's gargantuan 3,000-room Venetian, a re-creation of his famed Vegas resort that opened three months after the Crown Macau. Located on one of the enclave's outer islands, the Crown was too far from the city's other casinos to attract walk-in gamblers. In the month of its opening, the Crown claimed an embarrassing 1.7% share of the gaming market...
...Located on Macau's Cotai Strip, the resort presents a whole new challenge for Ho. He'll have to compete head to head for mass-market gamblers with Adelson's Venetian, situated right across the street. Adelson, too, is bringing even more options to Cotai, including a Four Seasons hotel, which opened in late August. "In the beginning, [City of Dreams] may have a tough time," says Gabriel Chan, a gaming analyst at Credit Suisse in Hong Kong. Ho, though, says he isn't worried. "Unlike some of our competitors who have cookie-cutter projects from the U.S., my vision...
...Underlying the entire situation is the frail health of Thailand's beloved King Bhumibol Adulyadej. Now 80 years old, the world's longest-reigning monarch is viewed by many Thais as the adjudicator of last resort, even though the King forswears any involvement in day-to-day politics. No one is quite certain what will happen when he is no longer there to provide moral guidance for the nation. Complicating matters further is the military, which has shown a historical disregard for attempts to nurture Thai democracy. Now, with the army empowered to control security in Bangkok because of Samak...
...relationships between Russia, its neighbors, and the Western powers. More than any recent event in international affairs that I can recall, the war has also provoked an intense debate about the past. Russia's insistence that it has national interests to protect, and that it is willing to resort to the brutal use of force to protect them, has reopened old arguments about the way the West behaved in the years following the end of the Cold...
...sumptuous villa with a private pool pretty much fits your definition of a luxury holiday, you clearly haven't lived - or been to the Banyan Tree Phuket. The five-star Thai resort offers 22 villas that come not with one pool each...