Word: macau
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...dizzy." And the Sands is offering more than clean air--there are sequined showgirls, megaplex-size TVs and a 300-ft.-long buffet--all designed to reel in mainlanders like Li Duoshan, a businessman from nearby Zhuhai, who once dropped a six-figure sum in one of Macau's VIP baccarat rooms. Li has lost money at the Sands too, but still pooh-poohs its competitors: "There's no music, no shows. Except for gambling, there's nothing else...
Look out, seedy vice dens, Las Vegas is going global. Macau, Britain, Thailand and even squeaky-clean Singapore--which until this year had banned the G-rated business of selling chewing gum--are being bombarded with billion-dollar investment offers from the same companies that made a strip of Nevada desert synonymous with over-the-top entertainment. The sudden urge to export Vegas-style casinos stems as much from regulatory reform abroad as from limited growth opportunity at home. Indeed, after MGM Mirage announced plans last month to build a casino in Macau, Merrill Lynch predicted that the development would...
...dizzy." The Sands offers more than clean air - there are sequined showgirls, megaplex-size TVs and a 90-m-long buffet, all designed to reel in mainlanders like Li Duoshan, a businessman from nearby Zhuhai, who once dropped a six-figure sum in one of Macau's VIP baccarat rooms. Li has lost money at the Sands too, but pooh-poohs its competitors: "There's no music, no shows. Except for gambling, there's nothing else to do." Look out, seedy vice dens, Las Vegas is going global. Macau, Britain, Thailand and even squeaky-clean Singapore are being bombarded with...
...AirAsia currently has a hundred. On July 1 alone, AirAsia launched its first flight from Kuala Lumpur to Jakarta, added a second to Bangkok and announced two more to Malaysian cities. Four days later, Fernandes was on AirAsia's first flight from Bangkok to the gambling mecca of Macau. Upcoming in August: flights to Bali. He's also eyeing China and India. Fernandes boasts, "We have transformed the way people think about flying...
...only person who seems likely to lose out in the new Macau is former monopolist Ho. "Stanley Ho is going to have to change his thinking," warns Adelson. Maybe. But Ho's daughter, Pansy Ho, an STDM director, is negotiating with MGM Mirage, the world's biggest casino operator, for a possible alliance. Ho is building a second, $250 million Lisboa across the street from the original. And he is also constructing a $140 million amusement park called Fisherman's Wharf, set to open later this year on a pier jutting into Macau's harbor. "We want to show Chinese...