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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...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

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...

Author: By Rachel A. Stark, CRIMSON STAFF WRITER | Title: The Façade | 8/11/2009 | See Source »

...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...

Author: By Rachel A. Stark, CRIMSON STAFF WRITER | Title: The Façade | 8/11/2009 | See Source »

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...

Author: /time Magazine | Title: Does Poker Stand a Chance in Asia? | 7/10/2009 | See Source »

VENICE, Italy — Venice presents a visual marathon, hinting at a city that can never hold enough examples of different methods of presentation, decoration, or commemoration. From the Renaissance paintings by Titian, Tintoretto and Veronese to the Gothic architecture of the basilicas, from the gaudy Venetian masks that are marketed to tourists to the simple red geranium flowers that bedeck the palazzos of the Grand Canal, one’s eyes are eternally entertained...

Author: By Emmeline D. Francis | Title: The Art of Contrast | 7/1/2009 | See Source »

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