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Macau may curb the growth of its booming casino industry with limits on the number of gambling tables and other restrictions, the government said.
Billionaire Steve Wynn's Macau casino company jumped 13 percent in its trading debut on the Hong Kong stock exchange Friday, reflecting stronger faith in the southern Chinese gambling city's prospects.
With no competition, Macau's new leader was appointed Sunday while the world's gambling capital and Chinese enclave struggles with an industry slump brought on by the economic crisis and tougher visa restrictions.
A list of winners at the 10th International Indian Film Academy Awards announced late Saturday in Macau:
A historical epic about the romance between a Mughal king and a Hindu princess dominated the 10th International Indian Film Academy awards in the southern Chinese enclave of Macau on Saturday by winning six awards, including best picture and best actor for heartthrob Hrithik Roshan.
It had a British director and was hailed at the Oscars in Los Angeles, but the box office hit "Slumdog Millionaire" is an Indian movie at heart because it embraces song and emotional expression, Bollywood filmmakers who worked on the production said Saturday.
The second most-wanted student leader from the 1989 Tiananmen Square pro-democracy protests was denied entry to the southern Chinese territory of Macau on Wednesday, a day before the 20th anniversary of China's crackdown. He said he was being detained at the airport.
A top MGM Mirage executive said Wednesday the gambling giant would challenge a recent U.S. regulatory report calling Pansy Ho, daughter of a famous Macau kingpin, an "unsuitable" business partner for its casino in the Chinese city.
The City of Dreams, a massive casino resort in Macau, was unveiled Monday in the latest multibillion-dollar bet that this once seedy Chinese gambling enclave will become one of the world's top tourist destinations.
Casino company Las Vegas Sands Corp. declined to comment Monday on a Hong Kong newspaper's report that Sands might sell the first foreign-owned casino in the Chinese island of Macau under a leaseback arrangement worth $1.3 billion.
Macau's visitor arrivals rose 8 percent in October from a year earlier even as China took steps to rein in growth of the territory's gambling industry, the government said Friday.
Casino mogul Steve Wynn said Wednesday he couldn't tell when Macau's slowdown might let up, but expressed confidence in its long-term fortunes and backed government measures to curb travel to the Chinese gambling city.
Struggling casino operator Las Vegas Sands Corp. will lay off as many as 11,000 workers after a cash crunch forced the company to halt construction on multibillion dollar projects in the Chinese gambling city, a top executive said Thursday.
Macau has no plans to help Las Vegas Sands Corp. with financing after the struggling casino operator announced it was suspending multibillion-dollar projects in the Chinese gambling city amid a cash crunch, the territory's leader said Tuesday.
Shares of casino operators with properties in Macau climbed Tuesday after the Chinese enclave's leader said it will place a hold on new gambling licenses.
Macau's highest-level official ever convicted of corruption was sentenced to 27 years in prison Wednesday for taking contract kickbacks in the construction boom that's turning the Chinese gambling enclave into a Las Vegas-style vacation destination.
Hundreds of workers marched on Macua's government Thursday in a rare protest demanding full democracy in this booming Chinese casino enclave.
Socialites and showbiz stars joined business tycoons Tuesday for the opening of the MGM Grand Macau, the latest Las Vegas-backed casino to crowd into the tiny Chinese gambling enclave, hoping to lure China's growing middle class.
Police armed with riot shields and batons were called in to subdue angry tourists from mainland China who clashed with tour guides in the tiny gambling enclave of Macau, police said Wednesday.
A former senior official went on trial Monday charged with taking $100 million in kickbacks in Macau, the freewheeling Chinese gambling resort that has attracted some of Las Vegas' top casino operators.
A U.S. Treasury Department delegation was in Macau on Monday discussing with local officials how to resolve sanctions on a bank that allegedly was involved in North Korean money laundering and counterfeiting.
Thousands of gamblers on Sunday jammed into a new casino owned by a local billionaire who is trying to fend off an invasion by Las Vegas tycoons who have been gobbling up market share in the booming Chinese territory of Macau.
North Korean leader Kim Jong Il's eldest son has lived for the past three years in Macau, where the United States slapped sanctions on a bank for allegedly helping Pyongyang launder money, a news report said Thursday.
China goaded on aid to North Korea. by Michael Sainsbury, China correspondent | July 01, 2009A GROUP of independent Chinese intellectuals and academics has signed an open letter asking the government to halt aid to North Korea and help bring about regime change in the Stalinist state.
North Korea Threatens Merciless Military Attack if it is ProvokedNorth Korea today warned that it would launch a "merciless" attack if provoked by the US and its allies, hours after President Barack Obama described the state's nuclear and missile programmes as a "grave threat" to the world. More Articles
Macau should consistently out earn VegasMelco International Development (0200) chairman Lawrence Ho Yau- lung expects gaming revenue in Macau will continue surpassing that of Las Vegas due to its accessibility to customers.
Macau to stop gambling expansionMacau's Chief Executive Edmund Ho has announced a freeze on gaming licences and the construction of new casinos. The move coincides with reports that Beijing is putting pressure on the territory to diversify its economy away from gambling.
Living the life royaleIt is virtually impossible to spend more than a few moments in Monaco without getting swept away by the glamour of it all. And this is all very well until you set foot in the casino.
Macau tourists in shopping revoltRiot police in China's enclave of Macau have been called in to calm mainland tourists angry they were being shown too many shops and not enough sites.
Truffle-loving tycoons to bid for giant fungusHong Kong and Macau's richest tycoons are expected to gather at an exclusive auction this Saturday (local time) for a chance to snaffle one of the largest truffles ever discovered, organisers said.
Sound of Music From Across the WorldThe Cultural Affairs Bureau of the Macau SAR Government will hold the 21st Macau International Music Festival (MIMF) from October 5 to 31.
Rare Macau protest turns violentA rare political protest in the Chinese territory of Macau turned violent after demonstrators clashed with police. Hundreds of people had been taking part in a May Day protest over alleged corruption and illegal labour.
A look at the bank dispute that has held up North Korean nuclear dealAn obscure banking inquiry has hijacked a landmark nuclear disarmament deal with North Korea, to the surprise and dismay of U.S. and some foreign officials who have tried for months to resolve the mess.
China 'regrets' US sanctions on Macao bankBy Demetri Sevastopulo in Washington and Andrew Yeh in Beijing China on Thursday said it deeply regretted the US decision to ban American banks from dealing with Banco Delta Asia after concluding that the Macao bank had helped North Korea launder money.
US hint on North Korea sanctionsA US Treasury delegation is in Macau to discuss lifting sanctions imposed on a bank in the Chinese territory accused of helping North Korea launder money. An official said the treasury was ready to "begin taking steps" to settle the dispute over Banco Delta Asia.
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