The Macau Metro Monitor, November 17, 2011
GOVT SAYS NO TO IMPORTED CROUPIERS Macau Business, Macau Daily Times
Macau CEO Chui promised that Macau won't have any imported croupiers as long as he is in charge. Currently, only locals can work as croupiers in the casinos. Chui also called on employers to raise employees' wages in 2012. "Whether in private or public sectors, all workers expect their wages to be adjusted this year ," Chui said.
EX-SANDS EXECUTIVES INK DEAL TO RUN CASINO IN MANILA Macau Business
According to Cristino Naguiat, the chairman and CEO of PAGCOR, Las Vegas’ Global Gaming Asset Management LLC has just signed a management contract with Filipino port magnate Enrique Razon’s Bloombury Investments Holding Inc. to run gaming and hotel operations at one of the integrated resorts under development at the Entertainment City project at Manila Bay.
Several former LVS executives compose Global Gaming Asset Management LLC management. The CEO of Global Gaming Asset Management is William Weidner, who was previously president and COO of LVS. Also involved are Bradley Stone, who used to be connected with LVS; Garry Saunders, a former executive of LVS and MPEL; and Dennis Andreaci, until recently senior vice-president for gaming operations of Galaxy Macau, and also a former vice president of table games for the Sands Macau and Venetian Macau.
NEGOTIATIONS ON THE POSSIBLE ACQUISITION OF 50% INTEREST IN LAN KWAI FONG China Star Entertainment Ltd
China Star Entertainment is under preliminary negotiations relating to the possible acquisitions of the remaining 50% equity interest in Hotel Lan Kwai Fong (Macau) Limited (“Lan Kwai Fong (Macau)”), a 50% owned subsidiary of the Company. The possible acquisitions involve (a) acquisition of 1% equity interest in Lan Kwai Fong from SJM - INVESTIMENTOS LIMITADA; and (b) acquisition of 49% equity interest in Lan Kwai Fong (Macau) from a connected person.