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Macau Gaming Law
Gambling in Macau has been legal since the 1850s when the Portuguese government legalised the activity in the autonomous colony. Since then, Macau has become known worldwide as the "Gambling capital of the world" or "Monte Carlo of the East". Gambling tourism is Macau's biggest source of revenue, making up about 50% of the economy. Visitors are largely from mainland China and Hong Kong. With the entry of large foreign casinos from Las Vegas and Australia, Macau overtook the Las Vegas Strip in gambling revenues in 2007. Until Western-style casino games were introduced in the 20th century, only Chinese games were played, the most popular being Fan-Tan. Generally, gambling in Macau can be divided into one of four categories: casino games, greyhound racing, sports betting, and lotteries. At the present time, Macau does not license online gambling operations. Macau, a special administrative region like Hong Kong, is the only place in China where casinos are legal, and the busine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portugal
Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of the Azores and Madeira. It features the westernmost point in continental Europe, and its Iberian portion is bordered to the west and south by the Atlantic Ocean and to the north and east by Spain, the sole country to have a land border with Portugal. Its two archipelagos form two autonomous regions with their own regional governments. Lisbon is the capital and largest city by population. Portugal is the oldest continuously existing nation state on the Iberian Peninsula and one of the oldest in Europe, its territory having been continuously settled, invaded and fought over since prehistoric times. It was inhabited by pre-Celtic and Celtic peoples who had contact with Phoenicians and Ancient Greek traders, it was ruled by the Ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanley Ho
Stanley Ho Hung-sun (; 25 November 192126 May 2020) was a Hong Kong-Macau billionaire businessman. His original patrilineal surname was Bosman, which was later sinicized to 何 (Ho). He was the founder and chairman of SJM Holdings, which owns nineteen casinos in Macau including the Grand Lisboa. Ho was nicknamed variously ''Godfather'' and ''King of Gambling'', reflecting the government-granted monopoly he held on the Macau gambling industry for 40 years. His wealth was divided among his daughter, Pansy Ho ($5.3 billion) who owns MGM Macau, fourth wife Angela Leong ($4.1 billion) who is managing director of SJM Holdings, and son Lawrence Ho ($2.6 billion) who owns City of Dreams. Ho was the founder and chairman of Shun Tak Holdings, through which he owned many businesses including entertainment, tourism, shipping, real estate, banking, and air transport. It is estimated that his businesses employ almost one-fourth of the workforce of Macau. Apart from Hong K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melco Resorts & Entertainment
Melco Resorts & Entertainment Limited is a developer, owner and operator of integrated resorts with entertainment and casino gaming facilities in Asia and Europe. Based in Hong Kong, the company is listed on the NASDAQ. Originally known as Melco Crown Entertainment (Melco Crown or MPEL), Melco Resorts was founded in 2004 as a joint venture between Melco International and Crown Limited. Melco Crown became Melco Resorts & Entertainment in May 2017 and currently operates as a subsidiary of Melco International. Melco Resorts owns a number of integrated casino resorts, having launched Altira Macau in 2007, City of Dreams Macau in 2009, City of Dreams Manila in 2015, and Studio City Macau in 2015. It also operates the Mocha Clubs slot machine brand and is in the process of constructing the City of Dreams Mediterranean resort in Cyprus, which will be the largest casino-resort in Europe. Other projects under construction include an onsen spa and a ski resort in Japan. History Founding as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pansy Ho Chiu-king
Pansy Catalina Ho Chiu-king (; born 26 August 1962) is a Hong Kong-Canadian billionaire businesswoman who is the daughter of Macau-based businessman Stanley Ho, and the managing director of various companies he founded, including Shun Tak Holdings. Pansy has major interests in two of the six casino licence-holders in Macau. She was named 25th on Forbes’ list of Hong Kong’s 50 richest people in 2021 with an estimated fortune of HK$31.8 billion (US$4.1 billion), and the 2nd richest woman in Hong Kong. Early life and education Pansy Ho was born on 26 August 1962, the eldest of five children of Stanley Ho and Lucina Laam King Ying. She has three sisters, one brother and twelve half-siblings. Her second sister Daisy is the Chairman of SJM Holdings, her third sister Josie is a singer, and her brother Lawrence is also a businessman. She attended an all-girls high school Castilleja School in Palo Alto, California and went on to attend Santa Clara University, graduating with a bach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Mirage
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Galaxy Entertainment
Galaxy Entertainment Group ("GEG") ( is a company that owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A. History The company, known formerly as K. Wah Construction Materials, disposed of its construction material business and became the only Hong Kong-listed company to hold an operating license in Macao in 2005 by acquiring a 97.9% stake in Galaxy Casino SA. The deal was described as akin to "a snake trying to swallow an elephant". Galaxy and Venetian Macao had originally planned to run their gaming license in Macao jointly, but the two had since split and decided to run their gaming business separately. In February 2020 the company confirmed it had withdrawn from its bidding in Osaka and would instead focus on other licenses in Japan, including Yokohama among others. After its Macau casinos were closed that month for the Corvid outbreak as well as other casinos, the company said it would return to full capacity only after guest demand had i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas Sands
Las Vegas Sands Corporation is an American casino and resort company with corporate headquarters in Paradise, Nevada, United States. Its corporate mission is to create "Integrated Resorts" which feature a combination of gambling, accommodation, retail, and meeting space. The company holds several resorts in Asia, including the Marina Bay Sands in Singapore, which opened in 2010. Through its majority-owned subsidiary Sands China, the company owns several properties in Macau, including the Sands Macao, The Londoner Macao, The Venetian Macao, The Plaza Macao, and The Parisian Macao. As of 2020, it is the third-largest casino company worldwide by revenue. History Development on the Las Vegas Strip Entrepreneur Sheldon Adelson and his partners Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel in 1989. Adelson and his partners financed their venture with investments in personal computers and trade shows, founding the computer trade show COMDEX i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wynn Resorts
Wynn or wyn (; also spelled wen, ƿynn, and ƿen) is a letter of the Old English alphabet, where it is used to represent the sound . History The letter "W" While the earliest Old English texts represent this phoneme with the digraph , scribes soon borrowed the rune ''wynn'' for this purpose. It remained a standard letter throughout the Anglo-Saxon era, eventually falling out of use (perhaps under the influence of French orthography) during the Middle English period, circa 1300. It was replaced with once again, from which the modern developed. Meaning The denotation of the rune is "joy, bliss" known from the Anglo-Saxon Rune Poems: Miscellaneous It is not continued in the Younger Futhark, but in the Gothic alphabet the letter ''w'' is called , allowing a Proto-Germanic reconstruction of the rune's name as ''*wunjô'' "joy". It is one of the two runes (along with þ) to have been borrowed into the English alphabet (or any extension of the Latin alphabet). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Administrative Regions Of China
The special administrative regions (SAR) of the People's Republic of China are one of the provinces of China, provincial-level administrative divisions of the China, People's Republic of China directly under the control of its State Council of the People's Republic of China, Central People's Government (State Council), being Administrative division, integral areas of the country. As a region, they possess the highest degree of autonomy from China. However, despite the relative autonomy that the Central People's Government offers the special administrative regions, the National People's Congress remains capable of enforcing laws for the special administrative regions. The legal basis for the establishment of SARs, unlike the other administrative divisions of China, is provided for by Article 31, rather than Article 30, of the Constitution of the People's Republic of China of 1982. Article 31 reads: "The state may establish special administrative regions when necessary. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transfer Of Sovereignty Over Macau
The transfer of sovereignty of Macau (; pt, Transferência da soberania de Macau) from Portugal to the People's Republic of China (PRC) occurred on 20 December 1999. Macau was settled by Portuguese merchants in 1557, during the Ming dynasty and was subsequently under various degrees of Portuguese rule until 1999. Portugal's involvement in the region was formally recognised by the Qing dynasty in 1749. The Portuguese governor João Maria Ferreira do Amaral, emboldened by the First Opium War and the Treaty of Nanking, attempted to annex the territory, expelling Qing authorities in 1846, but was assassinated. Mayers, William Frederick (1902). Treaties Between the Empire of China and Foreign Powers' (4th ed.). Shanghai: North-China Herald. pp. 156–157. After the Second Opium War, the Portuguese government, along with a British representative, signed the 1887 Sino-Portuguese Treaty of Peking that gave Portugal perpetual colonial rights to Macau on the condition that Portugal wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
