In this photo taken on Monday, June 1, 2009, James Packer, right, co-chairman and a Director of Melco Crown Entertainment, and Lawrence Ho, co-chairman and CEO of Melco Crown Entertainment, attend the ribbon cutting ceremony for the City of Dreams, one of the giant casino complex in Macau. Macau gambling company Melco Crown Entertainment is teaming up with the Philippines’ richest man to develop a $1 billion Manila casino resort in a sign of the industry’s plans for rapid expansion in Asia. Melco said late Thursday, July 5, 2012 it will develop the project with three companies controlled by Philippine tycoon Henry Sy. Melco is jointly controlled by Ho, who is the son of Macau casino king Stanley Ho, and by James Packer, the son of late Australian media magnate Kerry Packer. (AP Photo/Kin Cheung)
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Foreign Affairs Secretary Teodoro Locsin Jr wants to remove the visas-upon-arrival privilege for foreigners, amid claims that the surge of Chinese tourists might be...
Macau said it has collected MOP67.2 billion ($8.4 billion) in tax revenue from gaming operators in the seven months through July, more than two thirds of its forecast for the year.