The expectations are that, by the end of the current year 2006, Macao is going to receive U$S 6800 million in incomes from its casinos, compared to Las Vegas that, for the same period, will receive U$S 6600 million, according to Globalysis, a consultant company of the leisure industry.
The foreign casino operators arrived in Macao during the year 2001, which was two years after Portugal transferred the power over the mentioned territory to China.
The StarWorld Hotel and Casino will open this week in Macau, heating up competition at the Chinese enclave. The hotel and casino features a 500-room hotel, an outdoor pool and a casino with 371 slot machines and 300 gaming tables.
The StarWorld is owned by the Galaxy Entertainment Group Ltd. from Hong Kong, which also owns the Grand Waldo Casino and Hotel that opened on September 29th. “It is expected that Galaxy's market share may reach 25 percent by the end of the year,” Lui Che-Woo, Galaxy Chairman, said.
Traffic was closed off on Las Vegas Boulevard and Flamingo Road due to a fire at the Venetian Hotel and Casino in Las Vegas. Dark smoke and flames could be seen from far and the fire department arrived immediately in several trucks.
According to the official report of the Clark County Fire department, the fire started because a construction cover secured to a decorative tower on the Venetian was overheated by a light. Fortunately, it was contained.
Other Asian countries could see the monetary advantage of building casinos after Singapore boosted on casinos and build entertainment complexes in the next years, according to a top executive of Las Vegas Sands corp.
According to his declarations, other Asian countries could see the benefits of the gambling industry and say: “If it is good enough for Singapore, why not for us?”
As a way of consolidating the commitment they have with their clients, Trilenium, which is the biggest casino in South America with 1800 slot machines, 76 game tables, two electronic roulettes and horseracing bets, is presenting new entertaining activities and musical shows, in addition to the very wide gastronomic options that they usually offer.
During the entire month of August, Trilenium Casino offers musical entertainments and a gastronomic proposal that will transform your night into an unforgettable one. Some of the activities that are planned are: Dolina on the 10th, Amalgama 2 on the 17th, Morin on the 24th and Javier Calamaro on the 31st.
From January to May, bets increased 25,5% in gambling parlors and casinos compared to the same period of time in 2005. A total of $61,872 millions were spent on bets.
Even though the unfortunate result Katrina left on Biloxi, it has one single positive aspect. Two months before the hurricane, the city signed a business interruption insurance policy that covered casino tax revenue losses for six months. The coverage cost Biloxi $92,000 dollars and stands to gain $10 million dollars.
The legendary American comedian, Jerry Lewis, recently had a heart attack while flying from New York to San Diego. According to Candi Cazau, spokeswoman for Las Vegas New Orleans Hotel & Casino, Lewis was going to perform in the casino next month. The stroke wasn’t too serious and the comedian is recovering at a local hospital.
In a recent article, Standard & Poor stated that Macau may beat Las Vegas as the world’s most important gambling market in the next years. Nowadays, Macau’s economy has had a remarkable growth due to its many gambling facilities, and it is expected to increase even more in a very near future.
On Tuesday, a Senate panel approved a bill that restricts the use of electronic video bingo machines in charitable organizations. The Judiciary B Committee passed House Bill 1315 submitted by Republican Danny Martiny, R-Kenner, after making some changes.
