Macau

 

The Social Welfare Bureau will survey local women gamblers to gain insight into female gambling addiction. The bureau commissioned the University of Macau to conduct the telephone survey, beginning in late May, after concluding that one-third of the people seeking help with problem gambling are women.

 

 

Asia Entertainment & Resources Ltd. reached a preliminary deal to buy the VIP gaming room on the first floor of the Le Royal Arc Casino from Wong Wing-yim. AERL would pay $20 million in cash and then pay up to $39 million more in cash and issue 1.88 million shares if Wong achieves a rolling chip turnover of at least $2.5 billion in each of the next three years, with more incentives if he exceeds the target. The Le Royal Arc room, which has six tables and is served by around 500 agents, will be AERL's first in a SJM casino.

 

The lawyer representing Marshall Hao, a Taiwanese businessman suing Las Vegas Sands Corp. over its pursuit of a gaming concession in Macau in 2002, was attacked in Macau by two men wielding bricks. Sands lost a $70 million verdict in another suit in Nevada related to the concession quest less than two days earlier in a case filed by Hong Kong businessman Richard Suen. Hao's lawyer, Jorge Menezes, said he believed the attack was an intimidation attempt related to his work.

 

 

Las Vegas Sands Corp. vowed to appeal after a Nevada jury awarded Hong Kong businessman Richard Suen $70 million in a retrial of his claims that the company had not paid him as promised for help in winning a gaming concession in Macau in 2002. Suen also won in the original trial in 2008, but the state supreme court overturned the verdict after finding flaws in evidence admitted in the proceeding. The Sands argued that Suen did not provide meaningful assistance or play a role in the company's licensing.

 

 

 

MGM China Holdings Ltd. contracted China State Construction Engineering (Hong Kong) Ltd. to be the main contractor for the company's Cotai resort project in a 10.8 billion pataca ($1.4 billion) deal. MGM set a target of April 2016 for completion of the 391,750 square-meter construction. It said the laying of foundations should be completed by the end of the year, allowing China State to start work next January.

 

 

The government approved the lease of a Cotai site to SJM Holdings Ltd. to construct a 521,435 square meter casino resort that is expected to include 700 gaming tables, 1,000 slot machines and 2,000 hotel rooms. The company said it is also negotiating to rent Macau Theme Park and Resort Ltd.'s adjacent site to expand the overall area of the project. Macau Theme is controlled by Angela Leong, a SJM director.

 

 

Police data showed a total of 238 crimes were reported at casinos and slot halls in the first quarter, up 13.9 percent from a year earlier. Another 31 off-premises crimes related to gambling were also reported, three times more than a year earlier, including 21 kidnappings, 13 more than in 2012.

 

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