Stanley Ho’s Sjm Makes Fresh Start With New Macau Casino

Macau tycoon Stanley Ho (L), accompanied by his daughter Pansy, shakes hands with Hong Kong tycoon Li Ka-shing (R) during the centenary ceremony of the University of Hong Kong August 18, 2011. REUTERS/Bobby Yip

Credit: Reuters/Bobby Yip MACAU (Reuters) – Macau gambling kingpin Stanley Ho helped put the former Portuguese colony on the map 40 years ago with the fluorescent, onion-shaped Casino Lisboa. Now, the pioneer of old Macau is creating a new landmark – a $3.9 billion resort that will be one of the final projects to open on China’s booming Las Vegas-style Cotai strip. The 92-year-old Ho, through privately held company Sociedade de Turismo e Diversoes de Macau (STDM), presided over much of Macau’s development as a casino city, shielded by a four-decade monopoly on gambling until 2001 when the door was opened for U.S. casino moguls Sheldon Adelson and Steve Wynn.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2014/02/14/us-sjm-macau-idUSBREA1D05Y20140214?feedType=RSS

Horseshoe Casino Cincinnati faces fine

Staff Cincinnati Business Courier A $75,000 fine was issued for Horseshoe Casino Cincinnati on Wednesday, WCPO reports. The casino was found to be in violation of Ohio law and its internal controls regarding the issuing of credit to patrons. The fine is part of a settlement between the casino and the Ohio Casino Control Commission after a routine audit discovered that Horseshoe wasnt maintaining complete patron credit files. In addition, training for casino personnel related to granting credit will be required. The Horseshoe casino group has previously been fined at the Cleveland and Toledo locations.
For the original version including any supplementary images or video, visit http://www.bizjournals.com/cincinnati/morning_call/2014/02/horseshoe-casino-cincinnati-faces-fine.html

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