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Macau’s latest innovation: the casino at your doorstep

If you’re one of the many foreign visitors who frequents Macau’s many famous casinos, you’ll probably be familiar with the routine: the plane or ship arrives, you go through passport control, collect your luggage, get a taxi to the casino and check into your room. But what if you weren’t checking into another anonymous two-bed hotel room? What if, in fact, it was your own apartment? That this may appeal to you is something that Sands China is banking on. The Macau offshoot of the

VIP business growing again in Macau

The Lunar New Year period has been a happy one for Macau’s gambling industry, with growing customer numbers and a return of VIP guests reported by some of the territory’s major casinos. Official government figures show that during 8-17 February – traditionally one of the most lucrative periods in China -  1.28 million people visited Macau, a 13.6% increase on the same period the previous year. Predictably, most of these visitors came from China itself. Official statistics show

The Korean island that’s taking on Macau

A fishing island off the coast of South Korea’s third city, Incheon, is the latest location hoping to claim a slice of Asia’s lucrative gambling tourism market. Under recently announced plans, the city aims to redevelop Yongyu-Muui Island District into a gambling and leisure resort – and it has Macau squarely in its sights. Under the plans, Yongyu-Muui will be transformed into into EIGHTCITY, a gambling and leisure complex that will

New Sands Casino to bring a bit of Paris to Macau

Macau’s casino sector may be showing signs of slowing down, but that isn’t affecting Sheldon Adelson’s Sands Corporation from continuing its investment in the territory. During the launch of the latest expansion of his Sands Cotai Central casino resort, Adelson also unveiled his company’s plans for its fifth casino in the region. Dubbed the Parisian, the new $2.5 billion casino resort is set to bring a little Gallic charm to the Cotai Strip. Once constructed, the new complex will

SJM’s slowing profits not impacting investment

SJM Holdings has reported its slowest growth in profits since 2009, but this hasn’t prevented Stanley Ho’s group from investing $480 million in a new entertainment development in Macau. SJM, which is owned by Stanley Ho and is Macau’s largest casino operator, declared profits of HK$ 3.41 billion (US$ 439.72 million) for the first half of 2012. This was an increase of 28% over the same period in 2011. Although this was in keeping with

Macau’s new challenges

The rapid growth of Macau’s casino sector has made it the toast of the gambling world. But although this has brought many benefits to this former Portuguese colony in recent years, the ongoing boom is now causing problems of its own.   One of these problems is the rising cost of labor. Although Macau’s casinos have traditionally been a major contributor to the territory’s economy since the Sixties, the casino boom means more people than ever are now working in

Macau shines as Asia’s gambling market booms

2011 was another strong year for Macau’s booming gambling sector. According to official figures, casino revenue in the territory was up 42% on 2010.   According to Macau’s Gaming Inspection and Coordination Bureau, casino revenues in 2011 were $33.5 billion, up from $23.5 billion in 2010. This increase has been attributed to an influx of visitors from the Chinese mainland.   Macau