TOKYO/MACAU, Feb 26 (Reuters) – Billionaire Sheldon Adelson
is willing to bet $10 billion that his Las Vegas Sands
will become the leader in casino gambling in Japan, an offer he
says his competitors can’t match. What remains to be seen is
whether one of the world’s last great untapped gaming markets is
willing to bet on him.
For months, the chief executive of the world’s largest
casino operator by market value has insisted he’s the person to
beat in Japan as it moves closer to legalising casinos, with
parliament expected to start deliberating an initial bill in
MACAU (Reuters) – Macau gambling kingpin Stanley Ho helped put the former Portuguese colony on the map 40 years ago with the fluorescent, onion-shaped Casino Lisboa. Now, the pioneer of old Macau is creating a new landmark – a $3.9 billion resort that will be one of the final projects to open on China’s booming Las Vegas-style Cotai strip.
The 92-year-old Ho, through privately held company Sociedade de Turismo e Diversões de Macau (STDM), presided over much of Macau’s development as a casino city, shielded by a four-decade monopoly on gambling until 2001 when the door was opened for U.S. casino moguls Sheldon Adelson and Steve Wynn.
HO CHI MINH CITY/HONG KONG, Feb 13 (Reuters) – Nguyen Van
Tuon seems unconcerned that his business driving Vietnamese
gamblers across the border to Cambodian casinos is under threat.
“I’ll believe it when I see it,” said Tuon, waiting in the
rain in the suburbs of Ho Chi Minh City for his first fare of
the day, when asked about the prospect that Vietnam could soon
allow its citizens to gamble at home.
HONG KONG, Feb 7 (Reuters) – Casino operator Genting
Singapore and Chinese property developer Landing
International Development will develop a $2.2 billion
casino resort in South Korea, joining global gaming firms
rapidly expanding across Asia to court wealthy Chinese punters.
The tie up, announced in Hong Kong on Friday, marks
Genting’s first foray into South Korea, an increasingly popular
destination for Chinese tourists who flock there to gamble and
shop, thanks in part to easier visa rules.
HONG KONG (Reuters) – Every day during his lunch break, Chinese businessman Shen Bin buys three lottery tickets for about 33 cents apiece and then watches to see if his chosen numbers flash across television screens suspended from the ceiling.
“I haven’t won yet. Hopefully one day. But for now, it doesn’t matter because the money goes to charity,” Shen said in the brightly lit store on a busy road in Shenzhen, a booming metropolis just north of Hong Kong.
HONG KONG, Jan 2 (Reuters) – Macau raked in $45 billion in
gambling revenue in 2013, 18.6% more than in 2012, as the
world’s biggest and China’s only casino hub continued to blaze
ahead of rival gaming destinations.
Macau, which earns seven times more than Las Vegas, has seen
revenue soar in recent years thanks to its proximity to vast
numbers of increasingly wealthy Chinese dazzled by
fortress-sized resorts such as Sands China Ltd’s
Venetian Macao and Galaxy Entertainment Group Ltd’s
TOKYO/HONG KONG (Reuters) – Casino operator Melco Crown Entertainment Ltd on Wednesday said it had pledged $10 million for cultural projects in Japan, a signal of its commitment to the country as lawmakers take steps to legalize casino gambling.
Melco is one of several global casino operators including Las Vegas Sands lobbying for a position in the Japanese market, seen as the next big Asian gaming opportunity after the spectacular rise of Macau.
HONG KONG (Reuters) – Gleaming skyscrapers, Michelin-starred noodle stalls, secluded beaches and a buzzing party scene all make Hong Kong the perfect place to experience the best of East meets West.
Here are tips about getting the most out of a trip to Hong Kong from Reuters, whose 2,600 journalists in all parts of the world offer visitors the best local insights.
HONG KONG, Nov 29 (Reuters) – Gleaming skyscrapers,
Michelin-starred noodle stalls, secluded beaches and a buzzing
party scene all make Hong Kong the perfect place to experience
the best of East meets West.
Here are tips about getting the most out of a trip to Hong
Kong from Reuters, whose 2,600 journalists in all parts of the
world offer visitors the best local insights.
MACAU, Nov 27 (Reuters) – On the second floor of Solaire’s
plush ocean-front casino in Manila, the dealers speak Mandarin,
the players are Chinese and revenue from high-roller gamblers is
“It’s almost not in the Philippines. It’s more like you’re
in Macau,” says Francis Hernando, the Philippine gaming body’s
vice president for licensed casino development.