June 8, 2006 |
Gaming company Las Vegas Sands Corp. plans to develop and own a resort in Macao that will be managed by Fairmont Raffles Holdings International, the two companies said Wednesday. The resort will include 1,500 rooms and be part of the Cotai Strip development on Cotai, an area of reclaimed land between the islands of Taipa and Coloane in Macao, the companies said.
April 6, 2006 |
By the time financial authorities cracked down on North Korea's dealings here, it was like the classic moment of feigned ignorance in "Casablanca" when Capt. Louis Renault declares, "I'm shocked, shocked to find that gambling is going on in here."
September 26, 2005 |
A moderate pro-democracy group was the biggest winner in Macao's legislative election, provisional results showed. The New Democratic Macao Assn. of Ng Kuok Cheong won 18.2% of the vote and two seats, allowing him and his running mate, Au Kam San, to retain their places in the legislature. A total of 125 candidates ran for 12 elected seats in the 29-member assembly. Ten lawmakers were picked by professional and business groups; seven are appointed by Edmund Ho, the enclave's chief executive.
December 20, 2004 |
Marking the fifth anniversary of China's assumption of power over Macao, Chinese President Hu Jintao praised the former Portuguese colony's economic success under Beijing's rule. The enclave of 450,000 has seen double-digit economic growth and a drop in its once-infamous gang violence -- improvements some attribute to the presence of Chinese troops. It has been buoyed by the revival of its gambling industry with the introduction of Las Vegas casino operators.
August 27, 2002 |
For six years, the Starbucks coffeehouse chain has expanded in Asia by selling its coffee to nations of tea drinkers. Now there's a new challenge. This month, the Seattle-based company opened an outlet in one of Asia's few genuine coffee cultures--the former Portuguese colony of Macao. "We don't want to compete directly with the local coffeehouses," said Pedro Man, president of Starbucks Coffee Asia Pacific Ltd. "We just want to be part of the scene." That it already is.
December 20, 1999 |
Ending 442 years under Portuguese rule, this pocket-size territory reverted to Chinese sovereignty today, the last European holding to return to local control after half a millennium of Western colonization in Asia. Just before midnight Sunday, the Portuguese flag was lowered for a final time here, and at the stroke of 12, China formally took the reins in Macao, an 8 1/2-square-mile enclave comprising a peninsula, two tiny islands and a population of 430,000.