Macau Gambling Developments
For many years Macau gambling industry was under the sole propiertership of Stanley Ho. In 1962, the government granted his Sociedade de Turismo e Diversoes de Macau (STDM) the monopoly rights to all forms of gambling. The licence was extended in 1986 for another 15 years, but expired at the end of 2001. In 2002, the Macau government dispanded the Macau gambling monopoly and since then 4 casino operating concessions have been granted. Sociedade de Jogos de Macau (SJM formerly STDM), Las Vegas Sands, and Galaxy Casino are currently moving forward with developments. Wynn Resorts has recently announced that its license has been sold. Today, there are sixteen casinos operated by the STDM, and they are still crucial to the casino industry in Macau.
This area will continue to be a big part of the world's gambling buzz. Keep up with the developments in Macau here.
More Macau Gambling News
Venetian Macao to Offer New Cirque du Soleil Show"Las Vegas Sands Corp offered a peek on Thursday at a $150-million Cirque du Soleil show that will open at the Venetian Macao, the casino operator's latest high-stakes bet that it can get visitors to the Asian city to do more than gamble.
Macau's Wealth Surges Thanks to GamblersSurging gambling revenue and investments in luxury hotels and the entertainment industry has made the former Portuguese enclave of Macau Asia's richest territory, a media report said Saturday.
MGM Grand Macau Grand Opening SetTuesday, December 18, 2007
MGM MIRAGE becomes the latest gaming giant to try and lure the Chinese gambler on Tuesday, when the company opens its first casino resort outside the United States in the tiny enclave of Macau.
Gambling Age to be Raised in MacauTuesday, November 20, 2007
Macau is planning to raise from 18 to 21 the minimum age at which a person can legally gamble, chief executive Edmund Ho Hau-wah told lawmakers yesterday.
Venetian Macau Becomes the World's Largest CasinoThe Venetian Macau has officially opened. The property has 870 tables and 3,400 slot machines in the world's largest gambling hall, which is encircled by 350 shops, more retail space than any Hong Kong mall.
Playboy Enterprises Plans Macau CasinoPlayboy Enterprises Inc. will open a gaming complex in Macau next year, as China's rising incomes fuel growth in the only place in the country where casinos are legal.
Crown Macau Opens Hotel Rooms and RestaurantsMelco PBL,the developer and owner of casino gaming and entertainment resort facilities focused exclusively on the Macau market, has confirmed that Crown Macau opened approximately 60 hotel rooms to the public last weekend.
Venetian Macao to Open August 28, 2007Las Vegas Sands Corp. has announced that The Venetian Macao Resort Hotel, Asia's first fully integrated resort and the anchor property of the company's Cotai Strip development, will open on August 28, 2007.
