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In February, Sheldon Adelson, the Las Vegas casino mogul, was awarded one of three new licenses to open a casino in Macau.
FORBES: Calculated risk
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Hong Kong entertainment czar Allan Zeman, whose advice and contacts in the Hong Kong business world helped casino magnate Steve Wynn open the posh Wynn Macau resort in 2006, has resigned from the board of Wynn Resorts this month.
FORBES: Followup on the News: Wynn Resorts Board Loses Zeman, Chen and, finally, Okada
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Graff will open stores in Hangzhou and Macau next year.
FORBES: Laurence Graff
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Galaxy Macau will be the only new casino to open in 2011, at a time when casino revenue is expected to grow to more than five times that of the Las Vegas Strip.
FORBES: Casino Tycoon Gambles Big On Chinese Consumers
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Within a year, the Sands Macao had recouped its construction costs, of two hundred and sixty-five million dollars, and Adelson embarked on an idea that he described as coming to him in a dream: to replicate the Las Vegas Strip on a stretch of open sea between two islands in Macau.
NEWYORKER: The God of Gamblers
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Wynn Macau plans a casino resort with 2, 000 hotel rooms, expected to open in 2016.
FORBES: Betting on Macau, Say They Still Need More Rooms