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...pushing ahead with new projects. On Sept. 21, SJM Holdings, controlled by long-time Macau gambling king Stanley Ho, opened the French-themed, 170-table Casino L'Arc. It is SJM's 17th casino in the city, and the company plans to launch another, Casino Oceanus, by the end of the year. In June, Ho's son Lawrence, CEO of NASDAQ-listed Melco Crown Entertainment, opened a mega-resort called City of Dreams, with a 520-table casino and a Hard Rock Hotel. An 800-room Grand Hyatt opens at the resort later this month. Wynn is also finishing...
...local government opened the gaming business to new casino operators in 2002, the former Portuguese colony (population 540,0000) boomed as billions of dollars of investment poured into new hotels and casinos and newly wealthy Chinese crowded baccarat and blackjack tables. But the good times came to a sudden end in late 2008 as the credit crunch paralyzed global financial markets. Gaming revenues sank and casinos laid off staff. Sheldon Adelson, chairman of casino operator Las Vegas Sands, was forced to halt his $12 billion plan to build an Asian version of the Las Vegas Strip on a stretch...
...parade, scheduled for Sunday, Sept. 20, was abruptly cancelled at the last minute after police said they would not be able to protect participants from attacks by ultranationalist thugs. In addition to promoting gay rights, the parade was supposed to show that a decade after the end of the Balkan wars, Serbia is a functional democracy, ready to join the European Union. Instead, the cancellation of the event raised a stark question: Can Serbia continue its march toward the West if it can't put an end to the intimidation tactics of militant ultranationalist groups? (See pictures...
...parade, the government had promised to provide security in the form of several thousand police officers to avoid a repeat of the 2001 gay-pride parade, which ended in turmoil when right-wing groups unleashed vicious attacks on participants. Only days before this year's event, politicians and top police officials said the parade would go on despite threats of violence. But in the end, Serbian Interior Minister Ivica Dacic said the risk of attacks was too high. "We're not talking about a handful of hooligans - there were several thousand people ready to attack the participants and the police...
...sought to promote incremental improvements in Palestinian life, particularly the economy, over the search for a final two-state agreement. Obama isn't buying it. According to Israeli accounts of Tuesday's meeting, the U.S. President "scolded" Netanyahu and Abbas, declaring "We've had enough talks. We need to end this conflict. There is a window of opportunity, but it might shut." And according to these reports, Obama insisted that the negotiations will not be started from scratch but will instead be based on the previous agreements established through the Oslo process. In other words, Jerusalem and refugees...