The Macau Metro Monitor, March 18th, 2010
GALAXY ON HIRE OFFENSIVE macaubusiness.com
Holding a mass recruitment fair, Galaxy Entertainment Group plans to hire 2,000 construction workers, including over 1,000 local workers, for its Galaxy Macau project, planned to open in early 2011.
CHUI VOWS TO TAKE BACK IDLE LANDS GRANTED TO CASINOS Macau Post Daily
Macau CEO Chui said the 361.65 hectares of land to be reclaimed from Macau's coastal waters would be reserved for social facilities, public housing, and land auctions for private developments, not for casino development. Chui also has "no plans" to resume the government's investment immigration policy, suspended since 2007, which permits non-locals to apply for residency in Macau on the basis of simply owning a local property.
MGM MIRAGE KNEW ALLY WAS UNFIT; TYCOON'S DAUGHTER IS HEIR APPARENT WSJ
New Jersey's casino enforcement agency said in a confidential report, MGM Mirage knowingly signed on an unfit partner as it tried to gain a foothold in Macau after Chinese officials denied it a license. The report says that the enforcement division found sufficient evidence to conclude that Macau casino heiress Pansy Ho could be susceptible to influence by "unsuitable persons" because of her tight business relationship with her father, Stanley Ho. The report also mentioned a private-investigation firm, employed by MGM Mirage, who concluded that Stanley Ho was "linked closely" to 14K and Sun Yee On, two major Macau "triads," or organized crime groups, and also had links to Russian organized crime and North Korean authorities.
In a separate article, WSJ reported that Pansy Ho is heir apparent to Mr. Ho's gambling empire. Ms. Ho, the oldest daughter from Mr. Ho's second wife, has said in the past that she is independent of her father, but serves as managing director of Shun Tak Holdings, the transport and property company that her father founded and continues to run as executive chairman. Ms. Ho also sits on the board of SJM Holdings. She acquired her casino license from SJM in 2004.