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Star turn
After a glittering 2012, that saw its stock price more than double, Galaxy Entertainment Group Ltd hopes to break ground this year on the third phase of Galaxy Macau. Construction of the second phase is underway and is scheduled for a 2015 opening. Galaxy Entertainment deputy chairman Francis Lui Yiu Tung spoke exclusively with Macau Business at the China Rouge club, one of his favourite places at Galaxy Macau. He talked about the company’s future in Cotai and argued that no casino operator is short of tables
Payment in kind
The government says only Sands China and Galaxy Entertainment will be granted more live tables this year
Second Coming
Two records to round out last year have shattered some gloomy estimates and have analysts excited about the year ahead
Playing by the rules
Casino panel cautions on U.S. law violations, diversification and licence expiry
Adults only
Casino operators do not expect the new minimum age for entry to casinos to harm their business
Bet on the future
Bad news about growth in VIP gaming revenue may really be good news for casinos, investors and the government
G2E Asia: An excellent show for Novomatic
Europe’s leading innovator and manufacturer for the casino industry enjoyed a stellar G2E Asia…
Cotai’s Jewel: Galaxy Macau
Galaxy’s attempt to bring Macau gaming to the mass market has exceeded all expectations – and they’ve only just begun
Hungry for Asia
The roulette wheel is spinning and TCSJOHNHUXLEY are placing their bets on Asia’s greener pastures with a new strategic growth plan for the region
Wielding a brand
Increased competition is forcing Cotai’s casino resorts to improve their marketing efforts
COTAI revolution
After years of waiting, Wynn Macau Ltd was officially granted a piece of land in Cotai earlier this month. The plot is nearly 206,000 square metres, is located behind City of Dreams and will be home to the gaming operator’s first Cotai property. In this exclusive interview — the first since the land grant announcement — company chairman and chief executive Steve Wynn unveils details about the project.
Lucky Number Three
In a Macau Business exclusive, senior executives from Sands China Ltd talk about opening Cotai Central – a casino resort built for the mass-market tourist trade
Wynn at War
Wynn Macau Ltd. has removed Japanese businessman Kazuo Okada from its board of directors but the Wynn Okada saga is just heating up Reports are a far cry from what has unfolded between Steve Wynn and former friend and business partner Kazuo Okada.
“We can bring more”
MGM Resorts International will this month open its first mainland hotel but the company is keeping its eye on Macau, says MGM Resorts chairman and chief executive Jim Murren, who is also MGM China’s co-chairman. In an exclusive interview with Macau Business, Mr Murren reveals that MGM China wants more than just two casino-hotels in Macau and argues that his company is best positioned to deliver the kind of high-standard, non-gaming amenities wanted by the government
Making managers
Casino culture is altering the city’s academic landscape with the University of Macau launching a master’s degree in resort management
“I don’t want to fight the government"
Las Vegas Sands Corp. and Sands China Ltd. chairman Sheldon Adelson wants to cooperate with the government to solve the dispute over Cotai parcels seven and eight. In an exclusive interview with Macau Business, he also unveils his next investment targets and what he would have done differently in Singapore and Macau
Slow boil
The government will limit annual growth in the number of gaming tables to 3 percent from 2013
Playing for keeps
Galaxy Macau is proving a handful for its competitors after a stellar first quarter
Running on Empty
More pathological gamblers are seeking counselling and spiritual help when their luck runs out. Casino croupiers are among them
Old enough to know better
The government wants to follow Nevada and Singapore in raising the minimum age limit for entering casinos
Lion City pride
In its first year of operation, Marina Bay Sands is already a roaring success for Singapore and Las Vegas Sands. But the casino resort still has hurdles to clear, including finishing construction and finding a new chief executive
Macau on the Mekong
Chinese-run casinos in Laos give mainland gamblers an atmosphere that’s just like home, just over the border. They could threaten Macau, except for one key ingredient
The long haul
MGM Resorts International is placing its biggest bets in Asia. The company’s Macau joint venture with businesswoman Pansy Ho Chiu King will soon launch its IPO in Hong Kong, while it also eyes developing a hotel-casino resort in Cotai. In this exclusive interview with Macau Business, James Murren, chairman and chief executive officer of MGM Resorts International, talks about the future and the painful obstacles the company must overcome in Macau and the United States in order to achieve their great comeback
“We still have a ton of stuff to prove”
There have been ups and downs for Melco Crown Entertainment but it is now a multibillion dollar, US-listed company. In a Macau Business exclusive, the young man at its helm says the journey has been fun and rewarding but “we still have a long road ahead”. Melco Crown chief executive Lawrence Ho says it is time to improve the results on the mass market, to generate higher cash flow and get more land in Cotai. Would his company be interested in the Macao Studio City plot if it went on the market? Definitely
