DOCSLIB.ORG

MGM Raises $5.1 Billion in Vegas Resorts Sale

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
MGM Raises $5.1 Billion in Vegas Resorts Sale 12 YEARS A-CHANGIN’ Double Down! ADVERTISING HERE Kowie Geldenhuys Paulo Coutinho www.macaudailytimes.com.mo +853 287 160 81 FOUNDER & PUBLISHER EDITOR-IN-CHIEF THURSDAY T. 23º/ 29º Air Quality Good MOP 8.00 3396 “ THE TIMES THEY ARE A-CHANGIN’ ” N.º 17 Oct 2019 HKD 10.00 THE DEVELOPER AND PROMOTER NEW PHILANTHROPY THE MACAU PASSPORT IS OF THE 13 HOTEL IS WORKING GETTING AN UPDATE WITH HARD TO DISPOSE OF SHARES IN GROUP SEES IMPROVED SECURITY MEASURES THE TROUBLED PROJECT OPPORTUNITY IN MACAU TO COMBAT COUNTERFEITS P2 P2,18 P7 AP PHOTO CARRIE LAM THWARTED China Tech giant Huawei P8-9 yesterday reported a double-digit gain in sales despite U.S. sanctions IN POLICY ADDRESS that threaten to disrupt AP PHOTO its smartphone and network equipment businesses. Huawei Technologies Ltd. said its sales rose 24.4% in the first nine months of 2019 to 610.8 billion yuan. USA-China President Donald Trump said a trade deal with China probably will not be signed until he meets with Chinese President Xi Jinping at the APEC summit next month in Chile. Philippines A strong and shallow earthquake struck a southern Philippine province and outlying areas yesterday night, damaging a small college building in one city and prompting residents to dash out of homes and shopping malls in panic, officials said. Thailand The Supreme Court has ordered three leaders of the Red Shirt political movement to pay USD691,000 compensation to business owners whose commercial buildings were set on fire at the climax of two months of aggressive street protests in 2010. AP PHOTO Japan Amid concern about the expected searing heat in Tokyo, the International Olympic Committee wants to move the 2020 Olympic marathons 800 MGM raises $5.1 billion kilometers north to find cooler and safer race conditions. in Vegas resorts sale More on backpage P6 GAMING page 2 www.macaudailytimes.com.mo MACAU 澳聞 17.10.2019 thu MACAU’S LEADING NEWSPAPER Three fined for Kong-listed “e-logistics” and publicizing others’ mining company called CST Group Ltd said on Tuesday it personal data BLOOMBERG had an agreement to acquire Three violators have been fined a 10-percent equity interest between MOP4,000 and MOP10,000 in an entity that owns The 13 each by the Personal Data Protection Hotel, in exchange for a cash Office for posting other people’s consideration of HKD150 personal data on social media million. websites. Aiming to exact retribution CST Group said in its own for a friend, a user posted a picture filing that the acquisition and texts depicting the allegedly would help the company to indecent romantic life of another user. diversify its investment port- The violator was fined MOP10,000. folio and open the door to the In another case, an Internet store Macau property market. customer accused the owner of poor In August 2019, South Sho- service. The shop owner then posted re announced that it was in their text message communications, discussions to dispose of a which included the complainant’s phone 60% stake in the subsidiary number, in defense. The Office ruled with an associate of a subs- against the disclosure of the phone tantial shareholder of the number, and fined the owner MOP4,000. company. Finally, a user was fined MOP10,000 for The 13 Hotel held a partial publicizing someone’s car plate number online. opening in late August last year without a casino. The troubled property was origi- Police discipline nally scheduled to open by commission member GAMING the end of the first quarter of praises restructure 2017, but the operating firm postponed its opening several Vong Hin Fai, a lawmaker and member South Shore selling 40% times. of the 15-year-old Disciplinary South Shore previously in- Commission for Security Forces, dicated that it wanted to open approves of the changes taking place stake in The 13 Hotel a casino in the first quarter of within the authority as he believes HE developer and promo- valued at HKD750 million, de- 40% stake, but it is believed 2019, but it has not struck a the measures will help improve its ter of The 13 Hotel said it veloper South Shore Holdin- to be the same investor who formal agreement with a Ma- independence. Vong said the main T has an agreement that could gs said in a filing to the Hong signed a memorandum of un- cau gaming concessionaire or progress relates to the inauguration lead to the disposal of a 40% Kong Stock Exchange on Tues- derstanding with South Shore sub-concessionaire. of a secretariat, which will be led by a secretary general. The restructured interest in the subsidiary that day. in January of this year. South Shore reported a net commission, meanwhile, will have owns the hotel project in sou- The filing did not identify Meanwhile, according to loss of HKD5.84 billion for the two consultants, instead of the thern Cotai. The stake was the prospective buyer of the a report by GGRAsia, a Hong fiscal year ending March 31. DB original one, and greater oversight authorized by the Chief Executive. The most important change, Vong said, is that the commission now has the authority to proactively conduct Association seeks George Chinnery simple investigations. If a complaint is verified, the Commission can require a to strengthen artworks on Macau report be submitted from the relevant department in 10 days. philanthropy network to be auctioned N association focusing on are some wealthy Chinese people WO rare, large lands- figures in the foregrou- Forex reserves edge Astrengthening philanthropy that are willing to give back to the Tcape artworks by nd,” which costs at least up in September was established in June this year, society,” she added. the British artist George HKD606,000, appears aiming to build Macau into a ne- For de Sousa, Macau could play Chinnery, who settled in to be taken from a high The preliminary estimate of the twork center for discussing philan- a significant role in connecting re- Macau in 1825, will be point above the inner Macau SAR’s foreign exchange thropy projects. gions in both the East and West to displayed at Bonhams harbor looking towards reserves amounted to 171 billion The main focus of Associação promote generosity and humani- Hong Kong from October the Casa Gardens. patacas (USD21.18 billion) at the end Internacional de Filantropia (Ma- tarianism. 21 to November 21. The other artwork is of September 2019, according to cau) is to provide a platform where “I think China has a big role to The artworks will be titled “The Grotto of Ca- an announcement by the Monetary Asian and Western concepts could play in the international agenda offered for sale in London moes, Macau,” and shows Authority of Macao. The reserves be shared on a transcultural basis because there are more and more in February 2020, with an the romantic visitor at- increased by 0.7% from the revised value of MOP169.8 billion for the that leads to a new and innovative wealthy people in China and I think estimated value of arou- traction that still over- previous month. At the end of perspective on philanthropy. it’s also part of the Chinese culture nd HKD520,000 to over looks the western point of September, the foreign exchange “In fact, the concept of philan- [to give back] in a sense of charity,” HKD866,000 each. the peninsula. reserves represented 10 times the thropy that is developed in the U.S. the association head explained. The paintings provide The British bought a currency in circulation. Meanwhile, the and in Western countries is very In the future, Associação Inter- a chance to compare the plot of land within the trade-weighted effective exchange rate different from the ones developed nacional de Filantropia (Macau) Macau of today with the grounds of the Casa from index for the pataca rose 0.59 points in Asia and in China,” said the pre- will hold forums and events that way it looked in the se- Pereira to create a Protes- month-to-month and 2.78 points year- sident of the association, Lurdes de will help boost the SAR’s role in the cond quarter of the 19th tant burial ground. Chin- on-year to 108.3 in September, implying Sousa. philanthropy sector. century. nery himself is buried that, in overall terms, the exchange rate “China is not so much integrated Macau Daily Times is the official “A view of Macau there, and a memorial to of pataca grew against the currencies of in the big network of philanthropy media partner of the association looking towards the gar- him still stands in the ce- Macau’s major trading partners. and we see that nowadays, there (see p18). LV dens of the Casa, with metery. www.macaudailytimes.com.mo EDITOR-IN-CHIEF (DIRECTOR)_Paulo Coutinho [email protected] A MACAU TIMES PUBLICATIONS LTD PUBLICATION MANAGING EDITOR_Daniel Beitler [email protected] CONTRIBUTING EDITORS_Eric Sautedé, Leanda Lee, Severo Portela, Sheyla Zandonai ADMINISTRATOR AND CHIEF EXECUTIVE OFFICER + 4 Million page views Kowie Geldenhuys [email protected] NEWSROOM AND CONTRIBUTORS_Albano Martins, Annabel Jackson, Anthony Lam, Emilie Tran, Irene Sam, OFFICE MANAGER Juliana Cheang [email protected] PER MONTH Ivo Carneiro de Sousa, Jacky I.F. Cheong, Jenny Lao-Phillips, João Palla Martins, Joseph Cheung, Julie Zhu, Juliet ADDRESS Av. da Praia Grande, 599, Edif. Comercial Rodrigues, 12 Floor C, Risdon, Linda Kennedy, Lynzy Valles, Paulo Cordeiro de Sousa, Renato Marques, Richard Whitfield, Viviana Seguí MACAU SAR Telephones: +853 287 160 81/2 Fax: +853 287 160 84 DESIGNERS_Eva Bucho, Miguel Bandeira | ASSOCIATE CONTRIBUTORS_JML Property, MdME Lawyers, Advertisement [email protected]
Load more

Recommended publications
  • UNODC-Asia-Pacific Methamphetamine Trade
    United Naons E/UC.5/1420 United Naons Office on Drugs and Crime Dist: General 25 February 2020 Original: English First session Agenda item 28 March 2020 Synopsis for Asia‐Pacific Methamphetamine Trade Synopsis for Asia‐Pacific Methamphetamine Trade Note by the Secretary‐General The Secretary‐General has the honour to transmit to the members of the United Naons Office on Drugs and Crime the topic synopsis entled “Asia‐Pacific Methamphetamine Trade” (UNODC/SYN/IIE/01.3). 11‐133217 (E) 42701 Please recycle E/UC.5/1420 E/UC.5/1420 Asia‐Pacific Methamphetamine Trade [email protected] Secon I—Introducon The United Naons Office on Drugs and Crime is a branch within the United Naons dedicated to fighng against illicit drugs and internaonal crime. Since its establishment in 1997, it has worked to improve technology across the field to beer counteract illicit drugs, crime, and terrorism, while also working with member states to implement internaonal treaes through legislaon combang drugs and crime. Secon II—Topic Background The Asia‐Pacific Methamphetamine trade is a transnaonal extralegal industry dominated by a cooperave of criminal gangs based in Asia. The largest market share, somewhere between 40 and 70 percent, is controlled by an organizaon which refers to itself simply as “The Company”. It’s alleged leader, a Canadian‐born Chinese naonal named Tse Chi Lop, is Asia’s most wanted man. He has orchestrated a criminal conspiracy among Asian criminal gangs, known as “Triads”, uning their efforts into a criminal syndicate whose yearly revenue is esmated somewhere between 8 billion and 17.7 billion US dollars.
    [Show full text]
  • ACLU Facial Recognition–Jeffrey.Dalessio@Eastlongmeadowma
    Thursday, May 7, 2020 at 1:00:56 PM Eastern Daylight Time Subject: IACP's The Lead: US A1orney General: Police Officers Deserve Respect, Support. Date: Monday, December 23, 2019 at 7:48:58 AM Eastern Standard Time From: The IACP To: jeff[email protected] If you are unable to see the message or images below, click here to view Please add us to your address book GreeWngs Jeffrey Dalessio Monday, December 23, 2019 POLICING & POLICY US AHorney General: Police Officers Deserve Respect, Support In an op-ed for the New York Post (12/16) , US A1orney General William barr writes, “Serving as a cop in America is harder than ever – and it comes down to respect. A deficit of respect for the men and women in blue who daily put their lives on the line for the rest of us is hurWng recruitment and retenWon and placing communiWes at risk.” barr adds, “There is no tougher job in the country than serving as a law-enforcement officer. Every morning, officers across the country get up, kiss their loved ones and put on their protecWve vests. They head out on patrol never knowing what threats and trials they will face. And their families endure restless nights, so we can sleep peacefully.” Policing “is only geng harder,” but “it’s uniquely rewarding. Law enforcement is a noble calling, and we are fortunate that there are sWll men and women of character willing to serve selflessly so that their fellow ciWzens can live securely.” barr argues that “without a serious focus on officer retenWon and recruitment, including a renewed appreciaWon for our men and women in blue, there won’t be enough police officers to protect us,” and “support for officers, at a minimum, means adequate funding.
    [Show full text]
  • COVID-19, Criminal Activity and Law Enforcement Submission 14
    Submission to the Parliamentary Joint Committee on Law Enforcement Inquiry into criminal activity and law enforcement during the COVID-19 pandemic Revised and Updated January 29 2021 Emeritus Professor Roderic Broadhurst PhD, Department of Regulation and Global Governance, Fellow College of Asia and the Pacific, Australian National University. Update In addition to the written submission on August 7, 2020 and subsequent attendance at the inquiry on August 28 2020 this update notes the following three key developments that involve the links between on-line black markets, Asian organised crime and the facilitation of the criminal opportunities enabled by the COVID-19 pandemic. Blackmarket in COVID-19 Products In December Interpol issued a global warning in respect to “unprecedented opportunistic and predatory criminal behaviour” in relation to the falsification, theft and illegal advertising of COVID-19 and flu vaccines, and that “criminal organizations are planning to infiltrate or disrupt supply chains” of COVID-19 vaccines1. Sales of purported COVID-19 vaccines continue to be made available on online darknet markets routinely monitored by the ANU Cybercrime Observatory2. An apparent decline in PPE and treatments such as anti-malarial chloroquine and hydroxychloroquine is observed, however other re-purposed medicines such as Remdesvir and Dexamethasone are commonly available. Purported vaccines have also been offered for sale on Facebook, and WeChat3. Bracci, Nadini, Aliapoulios et al (2021) recently confirmed the presence of COVID-19 products through 2020 (January 1- November 6 2020). They observed 30 darknet markets of which 10 sold such products. Two markets DBay (425/788) and Empire (94/788) sold two thirds of all 788 products found.
    [Show full text]
  • Casino Control Act 1992 (NSW)
    REPORT Inquiry under section 143 of the Casino Control Act 1992 (NSW) 1 February 2021 VOLUME 1 REPORT Inquiry under section 143 of the Casino Control Act 1992 (NSW) VOLUME 1 Report of the Inquiry under section 143 of the Casino Control Act 1992 (NSW) Published 1 February 2021 © State of NSW through the Inquiry under section 143 of the Casino Control Act 1992 (NSW) 1 February 2021 Mr Philip Crawford Chairperson Independent Liquor and Gaming Authority 4 Parramatta Square 12 Darcy Street Parramatta NSW 2150 Dear Mr Crawford Inquiry under section 143 of the Casino Control Act 1992 (NSW) I refer to the Instruments of Appointment dated 14 August 2019 and 23 June 2020 to preside at an Inquiry under section 143 of the Casino Control Act 1992 (NSW) into the matters referred to in the Instruments of Appointment. The Report is submitted herewith in accordance with paragraph 22 of the Instrument of Appointment dated 23 June 2020. By way of assistance, the questions posed in paragraph 16 of the Instrument of Appointment dated 23 June 2020 and the answers thereto and the recommendations identified in accordance with paragraph 17 of that Instrument are included in summary form in the Annexure to this letter. I formally record my sincere gratitude to Counsel Assisting, Solicitors Assisting and all other legal and administrative support staff assisting the Inquiry. Yours sincerely [SIGNED] The Honourable P A Bergin SC i Annexure Answers to questions in Paragraph 16 of the Instrument of Appointment dated 23 June 2020 PARAGRAPH 16(a): QUESTION: Whether the Licensee is a suitable person to continue to give effect to the Barangaroo restricted gaming licence? ANSWER: No.
    [Show full text]
  • China Has Dominated the Supply of Fentanyl
    THE OPIOID CRISIS IN AMERICA Domestic and International Dimensions PAPER SERIES | JULY 2020 Fentanyl and geopolitics Controlling opioid supply from China Vanda Felbab-Brown Fentanyl and geopolitics: Controlling opioid supply from China Vanda Felbab-Brown Brookings Institution THE OPIOID CRISIS IN AMERICA Domestic and International Dimensions A paper series from the Foreign Policy and Global Economy & Development programs at Brookings Acknowledgements I am grateful to the anonymous reviewers for their very helpful suggestions. Many thanks go also to Bradley Porter for great research assistance and Ted Reinert for his excellent editing and David Batcheck for layout. The Brookings Institution is a nonprofit organization devoted to independent research and policy solutions. Its mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations for policymakers and the public. The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars. Brookings recognizes that the value it provides is in its absolute commitment to quality, independence and impact. Activities supported by its donors reflect this commitment and the analysis and recommendations are not determined or influenced by any donation. A full list of contributors to the Brookings Institution can be found in the Annual Report at www.brookings.edu/about-us/annual-report/. THE OPIOID CRISIS IN AMERICA BROOKINGS INSTITUTION Executive summary Since 2013, China has been the principal source of the fentanyl flooding the U.S. illicit drug market — or of the precursor agents from which fentanyl is produced, often in Mexico — fueling the deadliest drug epidemic in U.S.
    [Show full text]
  • P10.Qxp:Layout 1
    10 Analysis Tuesday, October 15, 2019 Established 1961 The First Daily in The Arabian Gulf THE LEADING INDEPENDENT DAILY IN THE ARABIAN GULF ESTABLISHED 1961 Founder and Publisher YOUSUF S. AL-ALYAN Editor-in-Chief ABD AL-RAHMAN AL-ALYAN EDITORIAL : 24833199-24833358-24833432 ADVERTISING : 24835616/7 FAX : 24835620/1 CIRCULATION : 24833199 Extn. 163 ACCOUNTS : 24833199 Extn. 125 COMMERCIAL : 24835618 P.O.Box 1301 Safat,13014 Kuwait. Email: [email protected] Website: www.kuwaittimes.net Police hunt kingpin of vast Asian meth syndicate Relatives cook outside during a prayer in homage to the victims after gunmen suspected of belonging to the Islamic State West Africa Province (ISWAP) group raided the vil- he largest ever task force assembled to fight lage of Tungushe, killing a soldier and three residents. — AFP organized crime in Asia has identified a long- Ttime drug trafficker, a China-born Canadian national, as the suspected kingpin of a crime syndicate that police say dominates the $70 billion-a-year Asia- Pacific drug trade. The suspected syndicate leader is Secret abortions spike with Boko Haram chaos Tse Chi Lop, 55, an ex-convict who formerly lived in Toronto and has moved between Macau, Hong Kong ellu became pregnant after a Nigerian soldier mortality rate globally, according to the World Health tage of them. If they say no, they may lose their housing,” and Taiwan in recent years, according to counter-nar- offered her food and shelter in exchange for sex. But Organization, with about 100 women and girls dying each said Maryam Aje, head of the African Youth for Peace cotics officers from four countries as well as law Kthe destitute teenager - who lost her family when day.
    [Show full text]
  • World Economic Forum's Singapore Meet Going Green for Sustainability Asia's Crime Bosses
    World Economic Forum's Singapore meet Going green for sustainability Asia's crime bosses MCI(P) 053/04/2020 March 2021 What next for Myanmar? WE BRING YOU SINGAPORE AND THE WORLD UP TO DATE News | Live blog | Mobile pushes | WhatsApp | SMS IN THE KNOW Web specials | Newsletters | Microsites | Special Features ON THE WATCH Videos | FB live | Live streams IN THE LOOP Facebook | Twitter | Instagram To subscribeIN THEto theKNOW free newsletters, Web specials | Newsletters | Microsites go to str.sg/newslettersSpecial Features All newsletters connect you to stories on our straitstimes.com website. Data Digest Asean to gain US$1 trillion by going green: Bain & Co GOING GREEN COULD MEAN US$1 TRILLION (S$1.3 TRILLION) plastic waste in 2025 will come from Asean, it notes. in opportunities for Asean economies through greater investments The good news, however, is that it is waking up to the need in renewable energy, reduced consumption, better waste to change and could make rapid advances with the right policies management, improved urban planning and other areas. by observing what governments elsewhere are doing in terms This was the finding of a report by global management of green stimulus plans. consulting firm Bain and Company. The authors identified several areas where green investments The report, Southeast Asia’s Green Economy: Pathway To Full could yield significant financial opportunities, including US$270 Potential, said Asean is at risk of being left behind if it doesn’t billion by shifting away from polluting fossil fuels, excessive step up its sustainability efforts. extraction, over-consumption and poor waste disposal.
    [Show full text]
  • The World Bulletin
    Winter 2019-20 Women Watch Soccer in Iran Restoration of Notre Dame The Alvord Center/YMGE Trip to Portugal African Migrants Journey to Europe World Bulletin Fires Destroy Amazon Indigenous Bringing the World to the Island Japan Has a New Emperor Cover design by Ethan Levinbook ’20 The From the Desk of the Editor-in-Chief World Bulletin I am and We Are: Demonyms, Identity, and Belonging “Two thousand years ago, the proudest boast was ‘cīvis rallies for the right-wing Movement for a Better Hungary (JMM) Rōmānus sum’” said President John F. Kennedy in 1963. “Today, in are signs that proclaim “Nem Turista! Magyar Vagyok!” or “I am not the world of freedom, the proudest boast is ‘Ich bin ein Berliner.’” a tourist; I am a Hungarian!” And the right-wing Polish newspaper Minor translation gaffe aside — he did not, of course, mean to say Jestem Polakiem proclaims boldly “I am a Pole!” The designations that he was a German pastry, a Berliner Pfannkuchen — President Magyar — “Hungarian” — and Polakiem — “Pole” — suddenly Kennedy, the gifted orator, followed in the tradition of mobilizing take on entirely new meanings in these professions of identity; the “I am/We are” construction to rally a populace around demonyms and other identifiers become bywords for exclusion, common ideals, to express solidarity, and to encapsulate a set of purity, homogeneity, and insularity. core values in a simple byword or mantra. “All free men, wherever Its role on the world stage uncertain, its workforce ostensibly they may live, are citizens of Berlin, and therefore, as a free man, I threatened by rising numbers of Eastern European migrants from take pride in the words Ich bin ein Berliner,” he said; in so doing, he the European Union (EU), the UK is now grappling with what made the demonym Berliner synonymous with the free and Berlin it means to be British.
    [Show full text]
  • Unofficial Translation CARICC WEEKLY SUMMARY (Based on Mass Media Reports)
    Unofficial translation CARICC WEEKLY SUMMARY (based on mass media reports) 21-27.10.2019 № 43 CCCAAARRRIIICCCCCC MMMEEEMMMBBBEEERRR SSSTTTAAATTTEEESSS REPUBLIC OF AZERBAIJAN 16.10.2019 As a result of operative measures, four people involved in drug trafficking were detained in Baku. Officers of Binagadi district police department found and seized more than 1 kg of heroin from a 26-year-old resident of Baku, police officers of Sabunchu region seized 538 g of heroin from a 27-year-old man, and officers of Yasamal region - 210 g of heroin from a 47-year-old resident of Baku. In addition, as a result of operational-search activities, officers of Khatai RUP detained a suspect from whom 918 grams of heroin were found and confiscated during searches. All four incidents are under investigation. https://report.az/ru/proisshestviya/v-baku-u-chetireh-lic-iz-yati-narkoticheskie-veshestva-v-krupnom-razmere/ 23.10.2019 A local resident was detained in Baku during operation by employees of the Main Department for Combating Drugs who illegally kept 5,065 kg of heroin, 1,145 kg of methamphetamine and 805 g of opium, as well as 388 tablets of methadone with a total weight of 15,52 g, prepared for further sale in the settlement of Mashtaga in Sabuncha district. Investigations into the matter are ongoing. http://www.kaspiy.az/news.php?id=112944#.Xbe9PJIzaM8 REPUBLIC OF KAZAKHSTAN 24.10.2019 The Almaty Department of the National Security Committee of the Republic of Kazakhstan dismantled a clandestine laboratory producing synthetic drugs. As a result of operational-search activities, a resident of Almaty, who organized its functioning, was detained.
    [Show full text]