The Macau Metro Monitor, February 14, 2011
LEVEN AWARE OF TALKS BETWEEN JACOBS AND CAESARS: E-MAIL WSJ
LVS COO, Michael Leven was aware that former Sands CEO, Steve Jacobs, was negotiating a partnership with Harrah’s Entertainment (now Caesars Entertainment) in Macau, according to an e-mail allegedly exchanged by the two men. Leven said to Jacobs in the email, "If you want to get it, let Gary Loveman [Caesars’ CEO] to suggest it in [a] one-on-one mtg [meeting] with SGA [Sheldon G. Adelson]. ... That's how billionaires think, we are just executors. They are strategic genii in their own minds."
The e-mail was included in a recent court filing by Mr Jacobs in a case against Las Vegas Sands in which he alleges he was wrongfully fired.
SANDS MACAO OPENS FAMILY ATTRACTION macaubusiness.com
Sands Macao opened a family-centered, Japanese style game center called "Adores Macau" last week. The 330 square meter venue contains around 30 Japanese games machines.
CHINESE PROPERTY PRICES UP AS DEVELOPERS LOOK TO SMALLER CITIES FOR GROWTH PropertyWire
Residential property prices in China increased 0.95% in January from a month earlier, according to private data provider China Real Estate Index System which is believed to reflect real estate trends better than official government figures since it tracks only residential property, while the government data includes non-residential prices. CREIS said home prices stood at an average 8,645 yuan ($1,677) per square meter in the 100 cities it covers in its survey.