110
with
CEO turnover
Frozen spy was feeling good,
relaxing in the dolce far niente
mood, when a hot scoop came in
which had to make this edition. It's
rarely easy to hit the newsstands
early in the month, but we do our
best to deliver.
After all the movements at the
top of Las Vegas Sands, it's now the
boss at Venetian Macau's turn to get
the c ya later. Mark Brown left the
company and some big junkets lost
their favorite drinking buddy. We
hope he didn’t get LVS shares as
compensation for his departure…
Harrah’s attack
Lawrence Ho is eager to invest in Taiwan, if it’s okay
Central Government, that is. And he is is looking closely
at LVS’ problems. If Sheldon Adelson can’t go ahead,
fast-acting Ho already said he wouldn’t mind alleviating
LVS of its burdens, and he’s not the only one.
Michael Chen, Harrah’s Entertainment President
for Asia, has also said – in not so many words – that his
gaming giant is ready to do the same.
Harrah’s arrived late in Asia, the continent where gaming has more
space to run? Don’t worry, he revealed: “In time we will have various
casinos here”.
Ask a lot give a little
Michael Chen was talking at Asia’s GEM, the
Philippines gaming conference and exhibition
organised by Pagcor. The event was full of very
revealing presentations. And we couldn’t agree more
with Simon… from the Taiwanese company Jumbo.
Taiwan is thinking of only charging 15 percent
tax to the two gaming operators for its integrated
resorts on the Penghu islands. However, they are looking at US$1
billion in investment and are ready to give as little as five percent
gaming space in the properties.
sub@macaubusiness.com
Also, the license is only to last 10 years. Hum… its not going to
be easy to attract investors, that’s for sure.
www.macaubusiness.com
april 2009
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