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Bets are off for Macau Interpol puts Macau chief’s relative
gambling boom on wanted list in graft scandal
flashy casinos and garish hotels tower over what a relative of Macau Chief executive edmund Ho Hau-
was once a sleepy trading town at the mouth of south wah is wanted by Interpol in the city’s biggest graft
China’s Pearl river Delta. but now some of those scandal.
towers stand half-finished, the sound of building work
Fox Yi Hu | South China Morning Post | 18 January
has gone. only dust and concrete remain.
Vaudine England | BBC News | 5 January
Macau? From sizzling to merely hot
Macau’s real GDP growth has slowed markedly in
Look out Macau
recent quarters, with the year-on-year rate of growth
Macau was the first to expose the amount of money
falling to 11.3% in the third quarter of 2008, from 32.3%
that could be generated on the far side of the world
in the first quarter.
from Las Vegas. now it appears that their steps have
The Economist | 19 January
created a following.
Vincent Tapoglia | CasinoGambling | 5 January Chinese officials gamble,
and their luck runs out
Casino stocks plunge
as mayor of a small city in the Chinese hinterland, Li
on dashed hopes on visits
Weimin started out innocently enough, playing the slots
Macau stocks dived 10 to 20 per cent yesterday after a
in nearby Macao, games with names like five Dragons,
weekend visit to the casino enclave by Vice-President
Chinese Kitchen and super Happy fortune Cat.
xi Jinping failed to yield a much-awaited relaxation of
but he soon began to try his hand at other games, and
travel restrictions.
for higher stakes, financing his increasingly frequent
trips to glitzy casinos by dipping into the municipal
Neil Gough | South China Morning Post | 13 January
budget and several real estate firms under his control.
‘It was easy for me to borrow or divert money from
HK hit as Macao gamble
those places,’ the 43- year-old Mr. Li said at his trial,
fails to pay off
according to a state-run newspaper, China Daily.
Hong Kong - shares in some of Macao’s biggest
eventually he lost $12 million and was sentenced to 20
casino companies lost as much as a fifth of their value
years in prison.
yesterday after China retained restrictions on mainland
Mark McDonald | The New York Times | 14 January
tourists visiting the former Portuguese enclave.
Andrew Wood | The Financial Times | 13 January
Macau refuses entry
to another social democrat
Protesters kept out of Macau
eastern district councillor Ku Kwai-yiu was yesterday
as vice-president enjoy’s city charm
barred from entering Macau for a pleasure trip with
Harmony seemed to be in the air wherever Vice-
friends, and forced to return to Hong Kong.
President xi Jinping went on his Macau visit, with Hong
Diana Lee | The Standard | 29 January
Kong protesters shut out of the city and pre-arranged
happy ‘tourists’ appearing in his way.
Fewer Taiwanese gamblers
Albert Wong | South China Morning Post | 12 January
as cross-strait ties warm
Warmer ties across the Taiwan strait has led to a
Defendants confess
decline in the number of Taiwanese visitors to Macau,
to soccer bets on internet
leaving the city to seek a replacement for its third
biggest source of gamblers.
all the defendants are local natives except for one from
fujian Province and one from anhui Province. The
Fox Yi Hu | South China Morning Post | 30 January
defendants, led by 41-year-old Qian baochun, were
charged with operating three betting clubs that were
linked to overseas soccer gambling Websites, one of
research by PC-Virtual
which was in Macau.
informationbroker@pcvirtual.info
edited by Macau business
Xu Fang | Shanghai Daily | 19 January
february 2009
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