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Directory Of Year 2007, Issue 52
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Current Location:English » 200752 » Macao's New Casino
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Macao's New Casino

Year:2007 Issue:52

Column: WEEKLY WATCH

Author:

Release Date:2007-12-27

Page: 4-9

Full Text:  

Macao's 28th casino resort MGM Grand Macao recently made its debut with world class performances only a street away from Wynn Macao, another Las Vegas-style casino resort, intensifying fierce competition in Macao's gaming industry.

The $1.25-billion project is a 50/50 joint venture between MGM Mirage of Las Vegas and Pansy Ho, daughter of the southern Chinese city's casino magnate Stanley Ho. The casino resort is also MGM Mirage's first in Asia. The new resort, claimed to target high-end customers, boasts 600 rooms and a casino with about 385 gaming tables, 890 slot machines and 16 private gaming salons. It also includes a convention space.

Official statistics show that in the first three quarters of 2007, Macao recorded gaming revenues of 58.31 billion patacas (around $7.5 billion), already more than last year's total revenue.

YEAR OF MICKEY China Banknote Printing and Minting Corporation has launched coins, gold bars and silver bars with images of Micky Mouse and his girlfriend to commemorate the Year of the Mouse of 2008

YEAR OF MICKEY China Banknote Printing and Minting Corporation has launched coins, gold bars and silver bars with images of Micky Mouse and his girlfriend to commemorate the Year of the Mouse of 2008

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