Major projects still under construction in Cotai: Galaxy Megaresort,
City of Dreams and The Four Seasons.
Macau first dedicated Poker Room !
PokerStars, the world’s largest online poker site, announced the opening of Macau’s first live poker room - PokerStars Macau. Housed in Macau’s prestigious Grand Waldo Hotel and Casino in Cotai, it will have a 250 person capacity and offer cash games as well as a robust weekly tournament calendar.
Click here to read more on Galaxy Entertaintment Group agreement to bring in Banyan Tree into The Cotai Strip® !
Price War & Margin Squeeze !
One of the most significant shift in Macao VIP Revenue landscape is the increase of commission rate of VIP rolling chip sales (i.e dead chips) from the traditional 0.7 % to the current 1.35% (offered by Crown Macau). Now, there is huge inter-casino pressure to balance revenues, market share as well as profitability at the end of the day.
Inside Asian Gaming's May cover story presents an excellent write up on this BIG Squeeze covering the tiny city of Macau.
Gaming Sector Development Frozen
The Government will not consider issuing more casino operation concessionaires in the foreseeable future. The Chief Executive Ho Hau Wah (何厚鏵) told legislators that the decision will be formalised through legislation. He also announced that new landplots, including reclamation landplots due to be authorised by the Central Government in the future, will no longer be conceded for casino development projects.
Celebrating Chinee New Year in Macau (http://aomen.tv/)
It is icy cold in Macau these days as temperature rarely reached above 11 degree celsius. But tons of people still flocks to Macau and her hot casinos for New Year gambling. Above is the new attraction at Wynn Macau featuring a Golden Good Luck Tree. You got to be there to experience it's impressiveness:) Since my last visit in Sept'07, Grand Lisboa, StarWorld etc already offer Texas Hold 'Em Poker table games. Also, the newer casinos, e.g MGM Grand Macau, are slowly introducing Craps table games. Click here for more photos.
Mark this date as Macau's No. 28th casino is about to open for business. Click here to read more.
Barron's Assessment : Fold ' Em
With rich stock valuations and an impending supply glut, casino companies in Macau may have little to offer investors, says Barron's Senior Editor Kopin Tan
Palace Casino Suspended For Business
One of Macau's first casinos in her modern gaming history had been suspended for business. This phenomena is expected as operators fights to attract & retain customers base in New Macau. Click here to read more.
ASIAN POKER OPEN
No-Limit Texas Hold’em Poker Hits Macau!
GrandWaldoCasino (a subsidiary of Galaxy CasinoS.A.), and First Impression Ltd. are proud to present “The PokerStars.net Asia Pacific Poker Tour Macau: Asian Poker Open”, the first No-Limit Texas Hold’em poker tournament to be held in Macau. Taking place at the luxury GrandWaldoCasino from 22 – 27 November 2007, this will be the very first time for No Limit Texas Hold’em poker to be played live on Chinese soil. Click here to read more !
Trevor from his The Cotai Strip® blog CotaiCasinoNews.com
"MACAU SHOULD GET READY FOR HARRAH'" Harrah's Entertainment recently announced the acquisition of a large golf course on Macau's Cotai Strip® area.Although the company says it will be used for golf, I can't help but think Harrah's true intention is to one day build a casino complex there.So, I thought it would be helpful to write a brief introduction on Harrah's and it's Asian dilemma, since many Asian readers who have not been to Las Vegas or are not involved in the gaming industry may not be familiar with the company. Click here to read full report.
This excellent live strip performance featuring Japanese AV Stars. Read more in our Issue 6 newsletter.
Issue 6 Newsletter Out Now !
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Features:
* The Venetian Macao - First Impression
* Tokyo Nights @ Grand Lisboa
* Of Bookshop & Magazines
The Venetian Macao Opens !
Macau 27th casino opens today on August 28th 2007 at 7.18pm This is the world 2nd largest building, Asia biggest Integrated Resort. It has over 850 gaming tables and 3,400 slot machines. Watch this space for more updates and photos as I will be in Macau this weekend and you bet I am going to be on Cotai Strip® ! The monstrous area covers 10.5 million square feet, with 3,000 hotel rooms, 22 restaurant, a Spa centre as well as convention area of 1.2 million square feet. The performance venue can sits 15,000 audience and a theatre of 1,800. This place also have an area of 1 million square feet of shopping mall. Click hereto view more photos on the first Sunday of operation!
Check out our Blog site for more updates.
Note: Cotai Strip is a trademark of Las Vegas Sands Corp
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Note: Cotai Strip is a trademark of Las Vegas Sands Corp.
