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Sep 29, 2014

Hong Kong protesters defy tear gas and batons to renew democracy call

HONG KONG (Reuters) – Hong Kong democracy protesters defied volleys of tear gas and police baton-charges to stand firm in the center of the global financial hub on Monday, one of the biggest political challenges for Beijing since the Tiananmen Square crackdown 25 years ago.

The unrest, the worst in Hong Kong since China resumed its rule over the former British colony in 1997, sent white clouds of gas wafting among the world’s most valuable office towers and shopping malls as the city prepared to open for business.

Sep 25, 2014

listed Imperial Pacific to invest $7 bln in Saipan casino complex

HONG KONG, Sept 25 (Reuters) – Imperial Pacific, a Hong
Kong-based investment company, said it had more than doubled
investment to $7 billion to build a casino resort in the western
Pacific island of Saipan, while growth has been sluggish in top
world gambling market Macau.

Imperial Pacific International Holdings Limited,
an investor in Hengsheng Group, one of the largest junket
operators in Macau, aims to build the new resort complex, which
would have more than 4,000 hotel rooms, over five years with the
final phase opening in 2020.

Sep 24, 2014

China’s anti-graft drive puts the squeeze on Macau junkets

MACAU, Sept 25 (Reuters) – Macau’s casino junket operators
are feeling the squeeze as China’s anti-corruption drive has
blown a hole in the world’s biggest gambling hub. Some are
shifting players elsewhere, like the Philippines and Vietnam;
others are quitting the business.

Chinese President Xi Jinping’s near 2-year crackdown on
corrupt officials and tycoons has hit revenues at Macau’s
high-rolling VIP lounges, and analysts predict this year could
be the worst on record with, at best, low single-digit growth,
though ‘mass market’ gamblers are taking up some of the slack.

Aug 31, 2014

Macau ‘re-elects’ new leader as authorities stifle democratic rumblings

HONG KONG (Reuters) – Macau, the world’s largest gambling hub, re-elected its leader and sole candidate Fernando Chui on Sunday, a widely expected result after the pro-China government stifled an unofficial referendum on democracy.

Chui was returned to office by a select panel of 400 largely pro-China loyalists in the tiny but wealthy former Portuguese colony. Macau’s leaders have taken a much harder line than in neighboring in Hong Kong, where pro-democracy activists have been struggling for universal suffrage.

Aug 29, 2014

Macau to “re-elect” leader as democratic rumblings, mirroring Hong Kong, are stifled

HONG KONG, Aug 29 (Reuters) – Macau chief executive Fernando
Chui is widely expected to be “re-elected” on Sunday after the
pro-China government stifled an unofficial referendum on
democracy, taking a much harder line on the gambling hub than
leaders have in neighbouring Hong Kong.

The election in the tiny but wealthy former Portuguese-run
enclave, by a select panel of 400 largely pro-China loyalists
with Chui the only candidate, echoes the struggle in Hong Kong,
where activists have been pushing for universal suffrage since
China reclaimed the British colony in 1997.

Aug 28, 2014

Hong Kong anti-graft agency raids home of media tycoon critical of Beijing

HONG KONG (Reuters) – Anti-corruption officers in Hong Kong on Thursday morning raided the home of Jimmy Lai, a media magnate and an outspoken critic of Beijing who has supported pro-democracy activists through his many publications.

The raids come after local media said on Wednesday that China had decided to limit 2017 elections to a handful of candidates loyal to Beijing, a move likely to escalate protests by pro-democracy activists. [ID:nH9N0QV001]

Aug 28, 2014

HK anti-graft agency raids home of media tycoon critical of Beijing

HONG KONG (Reuters) – Anti-corruption officers in Hong Kong on Thursday morning raided the home of Jimmy Lai, a media magnate and an outspoken critic of Beijing who has supported pro-democracy activists through his many publications.

The raids come after local media said on Wednesday that China had decided to limit 2017 elections to a handful of candidates loyal to Beijing, a move likely to escalate protests by pro-democracy activists.

Aug 4, 2014

Macau casino workers demand bigger share of the winnings

HONG KONG, Aug 5 (Reuters) – Disgruntled casino workers are
becoming a costly thorn in Macau’s side.

As the Chinese territory races to build eight new resorts in
the next three years, labour strains look set to intensify:
workers are demanding higher pay and threatening strikes at a
time when operators face a labour shortage.

Jun 3, 2014

Investors trim Macau bets as money curbs dim growth prospects

HONG KONG, June 4 (Reuters) – Global investors are paring
their bets on stocks geared to Macau, the world’s casino
capital, after a raft of regulatory curbs sparked concerns about
slowing revenue growth in the next few months.

Macau, a special administrative region like neighbouring
Hong Kong, is the only place in China where citizens can legally
gamble in casinos, and analysts say its growth prospects in the
longer term remain strong, due to its proximity to the mainland.
Eight new resorts are also set to open within three years.

May 29, 2014

Casino hub Macau scraps bill on big payouts after record protests

HONG KONG, May 29 (Reuters) – The top official in Macau, the
world’s gambling capital, said on Thursday a bill providing
lavish perks for senior civil servants would be withdrawn days
after the largest protest in the enclave since China restored
control over it in 1999.

The climbdown represents the first time the government has
taken heed of a large civic movement in Macau, a former
Portuguese territory with autonomy and provisions for free
speech much like neighbouring Hong Kong.