The First Guide to Macau & Cotai Casinos

Welcome back !» Profile  Settings  Faves  Check Out

Search Room Rates  Twitter   RSS Feeds   The PitBoss

• Home
• Features
• TripBlog
• Macau Casinos
• Macau Map
• Cotai Strip Map
• Trip Tips
• Games
• Board

The boss sent Chuckmoster to Macau to see what the deal was with Asia's Las Vegas. He returned smitten and poured his love it into creating the world's first guide to Macau casinos. This is his blog.

Sneak a Peak Inside Encore Macau

We've managed to unearth a treasure trove of Encore Macau interior design drawings over on VegasTripping... check them out here.

MGM Grand Paradise to IPO in 2010

MGM Mirage CEO Jim Murren spoke with Las Vegas Sun reporter Jon Ralston on Monday, primarily about the opening of CityCenter. On small tidbit to come out of the fourth segment of discussion was Murren mentioning plans to take MGM Grand Paradise public in early 2010.

Funds raised would go to reducing MGM Mirage's debt load, NOT to finish MGM Grand Macau phase II or begin the MGM Cotai project. For those who don't know, MGM Grand Paradise is the umbrella name for the MGM Mirage / Pansy Ho joint venture which owns MGM Grand Macau.

Steve Wynn On Encore Macau & Wynn Cotai

Wynn Resorts released its quarterly earnings last week and with it came another fine episode of everyones favorite program - "The Steve Wynn Quarterly Radio Hour". Freshly back from the Wynn Macau Ltd. investor roadshow, Stevezi seemed to be quite hot for Macau, waxing poetic about Encore Macau (opening in April) and revealing a morsel or two about the status of Wynn Cotai.

Take it away Steverino...

Encore in Macau is completely budgeted and under control and we will finish it. We've opened some parts of it in the last few days. We will finish opening it in April. Everything is paid out of cash flow. We are completely confident of the cost of Encore and it's a little under our budget. And it is the most pretty and beautiful thing that we’ve ever built. It's 412 suites and villas. It has casino space, both general casino and VIP casino space. It was the first building that we had the luxury of building in Macau, where we could take advantage of our experience the past three years, what we have learned about our customers. And we took our time to do it until after we did learn about our clientele and the building was specifically designed to meet the - what we considered to be the real, real sensitivities of the people who come to Macau who spend the real money.

And so I say it's the prettiest thing we've ever done and that may be very nice for a design magazine. It certainly is another demonstration of the wonderful gifts that Roger Thomas has, our Chief of Design. But more importantly, in 100 cunning ways, it is a place that will ingratiate itself to the customers that matter most to us. It has two or three new restaurants and retail space and it has a spa that is completely unique, as far as I’m concerned, anywhere.

Cash For Cotai : MGM's Turn

Obviously seeing how easily Wynn Macau Limited turned 25% of their existing Macau operation into US$1.86B, MGM Grand Paradise is legally and financially getting their house in order in advance of hoisting their own Cash For Cotai fundraiser.

MGM Mirage CEO Jim Murren told Bloomberg that the company is currently "working on plans" (i.e. funding) to finish off Phase II of MGM Grand Macau and "begin inspecting sites for potential resorts."

Dr. Stanley Ho Is(n't) Dead

Update: Looks like ol' Stanley isn't dead after all, check the comments.

We've been hearing very loud rumblings, officially unconfirmed, that Dr. Stanley Ho has died this week.

The eighty-nine-year-old Father of Macau gambling had been in intensive care at Hong Kong Adventist Hospital since undergoing an operation to remove a blood clot in his brain after sustaining a fall seven weeks ago.

» Read Complete Post | Comments (6)

Wynn Resorts To HK IPO 20 pts Off Wynncore Macau

» posted by Chuckmonster on 14 Sep 2009

Numerous news outlets are reporting that Wynn Resorts will be offering 20% of its Macau operations on the Hong Kong Stock Exchange with an investor roadshow leading to a Wynn Macau IPO on October 9th.

The WSJ/Dow Jones - who claim to have seen a term sheet - say that Wynn Resorts will be offering 3.75 BILLION (yes, with a B) shares, with the option to add another 500+ million should there be great demand. Pricing of "Wynn HK" is currently unknown.

» Read Complete Post | Comments (1)

« Archive | Page 2 »