“We can bring more”
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MGM Resorts International will this month open its first mainland hotel but the company is keeping its eye on Macau, says MGM Resorts chairman and chief executive Jim Murren, who is also MGM China’s
co-chairman. In an exclusive interview
with Macau Business, Mr Murren reveals that MGM China wants more than just two casino-hotels in Macau and [...] |
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Housing prices up again
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After falling for three months in a row, home prices increased again in August. |
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Not just noodles
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Melco Crown Entertainment has just added one more asset to its non-gaming portfolio, with the opening this month of Cubic, a 2,800 square metre, two-storey nightclub at City of Dreams. In an exclusive interview with Macau Business, the company’s co-chief operating officer for operations, Nicholas Naples, says Galaxy Macau is not a threat, and says he expects non-gaming business to continue to grow this year at Melco Crown |
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A beachfront renaissance
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Having for years been regarded as one of the best hotels in the city, the Westin Resort Macau has had a tough time keeping up with the newer luxury hotels. Its new general manager wants to put the Coloane landmark back on top |
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Finding the Right Table
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The special relationship between the mainland and the United States, the G2, is not enough to solve the world’s problems, warns Romano Prodi, former European Commission president and twice prime minister of Italy. He recently delivered a speech on the European Union and participated in a debate on Europe-China-Africa relations in Macau. Mr Proditalked to our senior analyst José I. Duarte and explained why he thinks the city is an important laboratory for the relationship between the mainland and the West |
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Artistic foundation
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The government-backed Macau Foundation is gearing up to launch a programme to buy works from local artists. |
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No limits
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Management at Altira and City of Dreams has been overhauled, and Ted Chan Yin Tat will play an instrumental role as Melco Crown Entertainment’s new co-chief operating officer for gaming. In this exclusive interview with Macau Business the president of Altira is bullish on Macau, saying business is stronger than ever |
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Only in Singapore
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Marina Bay Sands President and CEO Thomas Arasi tells Macau Business that Las Vegas Sands’ US$5.6 billion integrated resort couldn’t have been built anywhere else and describes the advantages of opening second in Singapore’s two-casino market |
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Ties that last
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Software firm Oribis has a one-on-one relationship with MacauSlot and is playing the long game in terms of expansion |
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Chasing the dragon
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Las Vegas pioneer Steve Wynn knows a business opportunity when he sees it,
and he knows they don’t come much bigger than Asia’s gaming mecca. |
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Financing the future
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As part of the Macau Business series looking at the young entrepreneurs who are shaping the city's future economy, we look at Macau's rapidly growing financial industry |
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Building to last
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Mak Soi Kun considers himself a very lucky man because he has been able to build a business empire on his two lifelong passions – construction and environmental protection. More than 21 years after founding his own firm, the self-made entrepreneur still has many fresh ideas about his trade |
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Future vision
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Self-made businesswoman Patricia Cheong arrived in Macau aged 10 and has since developed forthright views on the way forward for the city. This includes the need for a vision instead of slogans, a clean administration and, oh yes, some high-quality bar-tenders |
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Keeping pace with growth
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It is inextricably linked to the casino business and an integral component of Macau's success. In our ongoing series on the citys entrepreneurs, we zero in on the tourism industry and find that two people whose livelihoods depend on it want the government to get tourists moving
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The executive strikes back
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The authorities have taken back a piece of land in the first of move its kind, in the wake of the jailing of disgraced former Secretary for Public Works Ao Man Long
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Flight plan
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Macau-based business jet firm Jet Asia is growing their fleet and biding their time as they plot an expansion across the Asia-Pacific region |
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Air of confidence
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A key component in ensuring the continuing success of Macau since casino liberalisation is the development of the airline industry. One new local carrier, Viva Macau, has set up and opened new routes but it hasn’t been plain sailing |
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Getting it right
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In an exclusive interview, STDM’s hotel and restaurant supremo Alan Ho reveals that he stays in Wynn Las Vegas and is worried about foreign labour quotas and mainland permit restrictions. Despite this he will never scrimp on quality, the bedrock of success, he says
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A Family Affair
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Cindy YeUng’s billion dollar business in high end watches and jewellery was sparked by a dazzling diamond at the age of 20. Emperor Watch and Jewellery now has a total of eight outlets in Hong Kong and three in Macau
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Addressing the issues
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Not surprisingly, Chief Executive Edmund Ho Hau-wah’s 2009 Policy Address was dominated by the global financial meltdown. His speech promised a range of measures to support small and medium sized enterprises, as well as promises of a increased public expenditure to breathe life into the local economy |
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A hot property
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Real estate magnate Lao Ngai Leong has seen it all since he settled in Macau in the 1970s. Here he outlines his business philosophy and how Macau can ride out the current downswing |
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Respect please
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The operation of Macau’s aviation industry is well defined and reasonable says the city’s civil aviation (AACM) chief Simon Chan. The problem is a lack of respect for the rules. He also explains why Air Macau must diversify routes and why the airport must be expanded
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Air of confidence
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Former Air Macau chairman David Fei has just left the troubled flagship airline as it passes through a sizeable pocket of fiscal turbulence. Just before he left, Macau Business found him in bullish mood |
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Raising the bar
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One of the world's most renowned entertainment brands vows to change local appetites. As the Cirque du Soleil's Asian headquarters, Macau's show is expected to attract 1.4 million spectators annually. If the circus was able to alter entertainment in Vegas, what will stop it from changing Macau? |
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“We will beat Macau on the non-gaming side of Vegas”
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Even with the new multibillion dollar complex in Manila, the Philippines gaming department says Macau will continue as king of the revenues. PAGCOR's Chief Operating Officer, Rafael Francisco, Manila will reign the non-gaming entertainment side |
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