Tuesday, September 12, 2006

As reported by the Australian: "Macau Governor Edmund Ho has ruled out
granting any more casino licences in the city - a move that protects the $3
billion investment of James Packer's PBL. "The city would stick to six
casino operators, he said, including Macau veteran Stanley Ho (no relation
to the Governor), the veteran's daughter, Pansy Ho, who has linked up with
US casino operator MGM, and Las Vegas players Steve Wynn and Sheldon
Adelson. "... The opening of the 600-room hotel and casino was attended by
PBL's executive chairman, Mr Packer, and Leighton Holdings chief executive
Wal King. "...PBL and Melco are about to deliver the final $US740 million
($970 million) of the $US900 million payment to Mr Wynn for their licence,
which has to be paid by the end of this month..."