Asia UnhedgedReal-time intel on what moves markets Zheng Xiaosong leaped to his death just days before Xi Jinping's trip to open the record-breaking Hong Kong - Zhuhai - Macau sea crossing By Asia Times staff October 22, 2018 6:30 PM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 A guessing game is on in Macau after Beijing’s top envoy in the former Portuguese enclave plunged to his death from his high-rise condo on Saturday evening. On Saturday, Zheng Xiaosong, director of the Liaison Office of the Central People’s Government in the Macau Special Administrative Region, was found unconscious in the courtyard of an apartment building in the Freguesia da Sé district of Macau, not far from the Liaison Office complex. He is believed to have leaped from his home on a high floor of the building, whose tenants are mostly mainland officials. Zheng was reportedly certified dead by ambulancemen at scene. The Chinese State Council’s Hong … [Read more...] about Top Beijing envoy’s suicide casts sombre mood in Macau
Casinos in macau
MACAU: Nearly 20 years have passed since Portugal handed Macau over to China, and although colonial culture still infuses parts of daily life, the influence of the territory's Portuguese elite is declining rapidly as the special administrative region becomes increasingly closer to mainland China.Authorities say they want the world's largest gambling hub to diversify into a trade and business centre for Portuguese-speaking countries including Brazil, Portugal and Angola, but there is a gaping disconnect, Portuguese residents say.Two Portuguese top legal advisers, renowned for their expertise and training of local judges and prosecutors, were abruptly dismissed in August, far ahead of retirement age. And legislation this year proposed Portuguese judges should be removed from sensitive cases altogether."They say everywhere that Portuguese are part of Macau and are always welcome, part of the history. In fact, what they are doing is not what they are saying," said Alvaro Rodrigues, a … [Read more...] about In Macau, Portuguese elites feel squeezed out by Chinese influence
MANILA - There will be no new casino built in Boracay despite the "provisional license" granted to a Chinese gaming firm, Presidential Spokesperson Harry Roque said on Wednesday In a press conference in Hong Kong, Roque said that President Rodrigo Duterte was clear in the interview he gave on Monday that he would not allow a casino in Boracay. He also said he wasn't aware of the provisional license granted by the Philippine Amusement and Gaming Corporation (PAGCOR) to the Galaxy Entertainment Group, the Macau-based casino operator. "I do not know how this will be resolved but as far Boracay is concerned, he (President Duterte) wants the people to benefit from Boracay," Roque added. PAGCOR on Wednesday said the license it issued to Galaxy's local operating unit was only "provisional," and that the company would need to go through "a long and tedious process" before getting a regular gaming license. Galaxy and its Filipino partner, Leisure and Resorts World Corp. … [Read more...] about News No new casino in Boracay: Roque
RIGOBERTO D. TIGLAO TO be quite frank, I was stunned when Philippine Amusement and Gaming Corp. (Pagcor) chair Andrea Domingo told the press a few days ago that the agency would approve not one, but two mammoth casinos to operate in Boracay. The other day, she even had the signing ceremony for Pagcor’s grant of a license to a Macau firm to build a casino there televised. The project is a joint venture between Macau gaming giant Galaxy Entertainment Group and a unit of listed firm Leisure and Resorts World Corp. This company’s biggest individual stockholder is Negros Occidental Rep. Alfredo Abelardo Benitez, a Liberal Party stalwart in that province until he defected to the ruling PDP-Laban before the 2016 elections. The other big stockholders are said to be a group of big stock market players that include Willy Ocier, Wilson Sy and Eusebio Tanco. The other casino will be at the Boracay Newcoast of property magnate Andrew Tan, in a joint venture with the Malaysian casino … [Read more...] about Two huge casinos in Boracay? Are they crazy?
MGM Resorts opened its $3.4 billion casino resort in the Chinese-controlled territory of Macau on Tuesday, just days ahead of the Lunar New Year holiday, hoping to ride a boom in business in the world’s biggest gaming hub.MGM Cotai, which will more than triple the number of MGM’s hotel rooms in the former Portuguese colony to 1,972, marks a major expansion in non-gaming attractions amid uncertainty over the renewal process of its casino license that expires in two years.The new resort, MGM’s second and the biggest investment in Macau, boasts a 2,000-seat theatre and artwork including 28 carpets from the Qing dynasty as well as a four-storey atrium garden space that features digital art. It also increases MGM’s overall gaming table count in the hub by 29 per cent to 552.The opening comes at a time of surging casino revenues. Macau’s January numbers stormed past expectations with a 36 per cent year-on-year jump, the 18th gain in a row, on demand from big … [Read more...] about MGM Resorts opens $3.4 billion casino in Macau as revenues boom