Word: venetian
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Dates: during 2000-2009
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...Macau operations through an IPO is Adelson's Las Vegas Sands (LVS), although the company has yet to provide any specific details of the offering. Adelson in 2004 was the first Vegas mogul to open a Macau casino; his business today is anchored by the giant 3,000-room Venetian hotel on the Cotai strip. Ron Reese, an LVS spokesman, says that the company is hoping to restart stalled construction on Shangri-La and Sheraton hotels in Cotai as soon as possible. (See 10 things to do in Las Vegas...
That is true even of Sheldon Adelson, who has lost more during this recession than anyone else on the planet. The 76-year-old chairman of the Las Vegas Sands Corp., which owns the Venetian hotel, the Sands Expo and Convention Center and the Venetian Macao, was in 2007 and '08 the third richest person in the world, with - by his estimate - a net worth of $40 billion. By February of this year, he said he had lost $36.5 billion - more than the GDP of half of the countries in the world. In the years before that slide, banks were...
VENICE, Italy — He’s been a glass-blower for the last ten years. Specializing in beads, he now teaches the skill to college students on Murano, the Venetian island renowned for the craft. I ask the man whether he lives here. He smirks and responds, half in jest, “No one lives on Murano.” Leaving him, I walk along the boardwalk-turned-sidewalk, watching as the never-ending line of shops begins to close. It’s a wonder that they all stay in business, as each...
...passengers onboard wave down to you. Perhaps you should expect that in viewing the sites, you, too, become a part of the display. Over 130 years ago James was able to make the observation, “The everlasting shuffle of these irresponsible visitors in the Piazza is contemporary Venetian life. Everything else is only a reverberation of that..” His words demonstrate that the tension between being boxed in as a tourist and yet having nothing to escape to is not a recent phenomenon to Venice, but reflects what Venice is, and, in a sense, what...
From the towering, pineapple-shaped Grand Lisboa to the vast campus of the Venetian, there's no shortage of casinos to choose from in Macau. The only place in China where casinos are legal, Macau opened up its gambling industry in 2004, spurring the number of casinos to jump from 11 to 32. While there may be a question of where this city's gamblers like to play, there's no debating which game is king. Baccarat, a 15th century Italian table game, contributed 86% of Macau's $14.1 billion in gambling revenue last year...