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There is an excellent in depth feature story on Macau in the December 2007 issue of Casino Player magazine. May be able to view the same article at the magazine's website (I have not checked it) but it is www.casinocenter.com for those who might be interested.
Last edited by NASHVEGAS; 28th December 2007 at 08:57 AM. Reason: Just checked and article is available "Mission To Macau",website does not have all the great photos present in the hard copy! |
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Yes, that was a very good article. Besides the infrastructure, in the short run, there are some concerns on security as the competition is too keen and everyone wants a piece of the action. Unlike Las Vegas nearly all junket operators have some affiliation with the triads who will resort to violence when they feel that their profits are eroded.
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APRIL 2008 IN A THREAD POST BY JOHN WRIGHT aka ROCKBET JOHN: "Our current terms are as follows, 2k/day and 4k/week...................... All casinos want you to play back your winnings. This topic will open up a larger debate involving............, ethics" Last edited by NASHVEGAS; 29th December 2007 at 08:00 PM. Reason: I might have the Flamingo confused with the Frontier-oh well |
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A great start to 2008
MACAO MILLIONS
A booming start to 2008 Macao's gaming revenues reached US$ 680 million in the first 15 days of 2008, according to a report today (Thursday) by The Macao Daily News, a major local Chinese language newspaper. The numbers look set to chase the record month of November last year for the Asian gambling mecca, in which revenues reached US$ 1.2 billion. The Las Vegas style casino resort MGM Grand Macao, opened in September 2007, has expanded the gaming market by increasing the number of casinos in Macao to 28, but the island city's gaming industry development may be affected by the credit crunch in the United States, said Dr. Fong Ka Chio, director of Institute for the Study of Commercial Gaming at the University of Macao. He pointed out that the current subprime mortgage crisis may prompt banks to squeeze their credits, which will dry up funds for American gaming companies to further pursue their investment in Macao. For the time being, big American gaming companies, including the Las Vegas Sands, Wynn and MGM Mirage have all entered Macao's gaming market, heating up the competition with local gaming magnate Stanley Ho whose decades-old monopoly ended in 2001. Macao recorded gaming revenue of over US$ 10 billion in 2007, outstripping Las Vegas.
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jetset |
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There are also worries concerning the stock and property markets in China, both due for a correction after some huge gains in the past year. If it takes a heavy toll on the investors then they may splash less in the enclave and the latter part of 2008 may not achieve a very high turnover as some people expect.
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