Macau News
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MGM China Holdings Ltd., the Macau casino unit of MGM Resorts International, said it expects the city’s business from high-stake gamblers to continue to pick up “slightly” as the Chinese economy improves.
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The best restaurant in Asia is a former mom-and-pop cooking-oil shop in Taipei according to The Daily Meal, a U.S. food website.
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Ericsson AB and Nokia Siemens Networks urged the European Union to back off from its threat of imposing tariffs on Chinese-made mobile-telecommunications equipment, throwing support behind some of their biggest rivals in the region.
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Two senior executives of SJM Holdings Ltd., Asia’s biggest casino company by revenue, are seeking to raise as much as HK$440 million ($57 million) in a share sale after the stock surged to a record.
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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.
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Following is a summary of Macau’s March hotel occupancy rates released by the Macau Statistics and Census Service.
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SJM Holdings Ltd., Asia’s biggest casino company by revenue, received final government approval to develop its first casino resort in Macau’s Cotai area, the Asian equivalent of the Las Vegas strip.
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Billionaire Sheldon Adelson’s Las Vegas Sands Corp. must pay $70 million to a Hong Kong businessman for his help in obtaining a Macau casino license more than a decade ago, a Nevada jury said.
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Hong Kong stocks rose, with the Hang Seng Index rebounding from its biggest two-day drop in a month, led by Li & Fung Ltd. and property developers.
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A lawyer for Las Vegas Sands Corp. said the Chinese government had no part more than 10 years ago in the award of gaming licenses in Macau for the casino operator controlled by billionaire Sheldon Adelson.
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