As Judy Huang’s husband prepared to hit Macau’s gaming tables, the 33-year-old mother from mainland China was more drawn to the Venetian resort’s shopping plaza, home to a fake grand canal, crooning gondoliers and brands from McDonald’s to Dior.
Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, said it will boost the budget for the second construction phase of its Cotai resort by HK$3.6 billion ($464 million).
Sky 32, an elite oasis of luxury on the 32nd floor of the Galaxy Macau casino, offers commanding views, a waterfall, a bar with vintage single malt whiskeys -- and six sumptuous rooms where players must commit to betting at least 10 million yuan ($1.6 million) per visit.
Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, plans to spend as much as HK$60 billion ($7.7 billion) to expand operations on the increasingly popular Cotai strip.
Elena Ambrosiadou, co-founder of Ikos Asset Management Ltd., won a U.K. court case brought by her estranged husband, Martin Coward, over who owns the computer software that runs the hedge fund’s trading platform.
Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, posted a 29 percent increase in first-quarter earnings and said it is seeing signs of improved demand from high-stake gamblers.
James Packer, chairman of Australia’s biggest gambling company, and Crown Ltd. must defend themselves in a Las Vegas lawsuit alleging they hid cost overruns in a gaming development, an appeals court ruled.
General Growth Properties Inc. sold half its interest in the Grand Canal Shoppes, including the Shoppes at the Palazzo, in Las Vegas for net proceeds of $410 million as part of a new joint venture with TIAA-CREF.