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	<title>Cotai Strip &#8211; Conrad Askland</title>
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		<title>Cirque says Macau ZAIA here to stay</title>
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		<dc:creator><![CDATA[askland]]></dc:creator>
		<pubDate>Fri, 09 Apr 2010 06:32:45 +0000</pubDate>
				<category><![CDATA[Macau]]></category>
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					<description><![CDATA[Jerry Nadal (senior vice-president for resident shows of Cirque du Soleil): ‘We’re here for the long hall’ as reported April 7, 2010 in the Macau Daily Times. Full article posted here with link to original MDT article at end of post. I&#8217;ll just add a little background here to start. Cirque Du Soleil has two [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><a href="http://www.conradaskland.com/blog/wp-content/uploads/2010/04/jerry-nadal.jpg"><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-4971" title="jerry-nadal" src="http://www.conradaskland.com/blog/wp-content/uploads/2010/04/jerry-nadal.jpg" alt="" width="318" height="320" srcset="https://conradaskland.com/blog/wp-content/uploads/2010/04/jerry-nadal.jpg 318w, https://conradaskland.com/blog/wp-content/uploads/2010/04/jerry-nadal-150x150.jpg 150w, https://conradaskland.com/blog/wp-content/uploads/2010/04/jerry-nadal-298x300.jpg 298w" sizes="(max-width: 318px) 100vw, 318px" /></a></p>
<p>Jerry Nadal (senior vice-president for resident shows of Cirque du Soleil): ‘We’re here for the long hall’ as reported April 7, 2010 in the Macau Daily Times. Full article posted here with link to original MDT article at end of post.</p>
<p><span id="more-4970"></span></p>
<p>I&#8217;ll just add a little background here to start. Cirque Du Soleil has two permanent shows in Asia &#8211; ZED in Tokyo, Japan (Disneyland) and ZAIA in Macau, China. I am a keyboardist and assistant bandleader for the ZAIA show. The artists and technicians of ZAIA came to Macau for Cirque to bring Las Vegas style entertainment to Macau &#8211; the &#8220;Las Vegas of China&#8221;. In the past the Chinese don&#8217;t go to see shows, they just come to gamble and it&#8217;s serious business. So spearheading the first large show in China was taking a big chance &#8211; the work was definitely cut out and a hard road.</p>
<p>Then the global recession hit in late 2008 just weeks after the grand opening of the Macau ZAIA show. The Venetian Macau (largest casino in the world at opening) owned by the Sands in Vegas was upside down in it&#8217;s finances and with the hit of the recession was on the verge of bankruptcy. Stocks went from a high of $150 per share down to a low under $2 (two dollars).</p>
<p>At the same time Macau kicked a lot of expats out of the country, lots of people lost jobs. The Venetian stopped construction and laid off some 12,000 construction workers and employees. Everyone was freaking out. The ZAIA show opened with an expectation to lose money for a few years &#8211; but with the Sands and Macau in such financial trouble it was an easy and viable target for the chopping block.</p>
<p>In mid 2009 the second big casino of the Cotai Strip opened &#8211; City of Dreams. And in 2010 City of Dreams will open a show by Franco Dragone, producer of many Cirque shows and a competitor to Cirque. Some people were like &#8220;Oh no, there&#8217;s not enough of an audience for one big show, now we have two?&#8221;</p>
<p>But if you look at the long term vision of Macau it looks very good. The continual game of the government cutting back mainland China visas to Macau is just part of them throttling Macau&#8217;s growth to make sure everything&#8217;s in check and doesn&#8217;t get out of hand. The main casino properties are still developing their offerings to encourage families to bring children; the big shows are starting to open here and will mature to grand art in Vegas style; and the more properties that open, the more offerings available. We only have 2 properties open now &#8211; City of Dreams and Venetian &#8211; and even those are still under construction and development &#8211; they are incomplete. In time there will be 20 developed properties on this Cotai Strip.</p>
<p>It&#8217;s been really incredible to see the growth in Macau just over the two years I&#8217;ve lived here. And it&#8217;s mind blowing when you try to step into Sheldon Adelson&#8217;s vision of what the Cotai Strip can be at completion. A true Vegas destination. And Macau already brings in a higher gross than Vegas (as of 2008 I think).</p>
<p>So where&#8217;s it all sit now? Well as artists, we just like to perform. We&#8217;re excited to have Dragone in town because to us artists they are like family &#8211; fellow circus performers. And we&#8217;re happy that the big whigs have been able to sort out their differences of vision so that we can all focus on our shows and continually improve and perfect our performances.</p>
<p>Ok &#8211; on with the article from the Macau Daily Times.</p>
<p><strong>MACAU DAILY TIMES &#8211; INTERVIEW WITH JERRY NADAL</strong></p>
<p>07/04/2010 01:30:00 Luciana Leitão &#8211; MACAU (SAR) CHINA</p>
<p>ZAIA is here to stay, at least for eight more years. No conversation was held between Cirque du Soleil and Venetian about terminating the show before the end of the ten-year contract. That is what the senior vice-president for resident shows of Cirque du Soleil, Jerry Nadal, assured in an exclusive interview to Macau Daily Times. Although he admits the show’s occupancy results are far from what were initially expected, he claims that improvements are being made and that numbers are rising everyday. As for the recent news that referred to the end of the show within a short-term period, he says they’re just rumours.</p>
<p><strong>MDTimes &#8211; How long will ZAIA continue to show at the Venetian Macau?</strong><br />
Jerry Nadal &#8211; We have a ten-year contract with the Venetian. Last year was a rough year for the Venetian, as it was for companies worldwide. I guess they were looking at their costs, we worked with them looking at the overall costs of the show. I know there have been a lot of rumours about whether we’re staying with it. We’ve never had that conversation with the Venetian and I was just there recently talking about the show, how we’re doing and how we are picking up business. So, for us, we’re here for the long hall.</p>
<p>Within another year and a half, we’ll be up to the occupancy numbers that we anticipated having.</p>
<p><strong>MDT – So, we can presume the recent news was wrong&#8230;</strong><br />
J.N. – We have a ten-year contract and we opened in July 2008. We’re on our second anniversary this July. As far as we’re concerned, we have eight more years to run on our contract with the Venetian.</p>
<p><strong>MDT &#8211; Recently, the CEO of Sands Macau, Sheldon Adelson, complained about ZAIA’s occupancy numbers. If he is doing this publicly, won’t this have any impact in the show?</strong><br />
J.N. – We’ve spoken to Sheldon. I love Sheldon, I think he is very colourful and a great businessman. Yes, he would like to see better occupancy numbers for ZAIA, but we have to look at what was going on in Macau as a whole. When the Venetian was designed and built, it really was with the convention business in mind and the MICE traffic. That really hasn’t materialized yet in Macau, for a whole host of reasons, most of which has to do with the number of available rooms overall to handle the big conventions. So, we geared a lot of our sales and marketing efforts towards a segment that didn’t actually materialize. We were disappointed with the sales as well. We put a whole team in place in 2009 to help the marketing team and the Venetian supplement the sales. We have a group of eight people at our office concentrated to go into southern China, into mainland China and we’ve established over 200 relationships with tour operators to build business.</p>
<p>Because there is primarily a lot of Mainland Chinese getting in, although the bulk of our customers come from Hong Kong, Taiwan, Japan, we’re trying to cultivate a Mainland Chinese audience. We’ve had success with that, so we’re watching our numbers come up. It’s been a long process. We also told the Venetian, when we first started, that, in our estimation, looking at the market place, with the absence of large scale entertainment like ZAIA, it was going to take around three years to really build the market and establish the show. We’re one year and a half into that process.</p>
<p><strong>MDT &#8211; Could Adelson’s public statement be a sign that he intends to axe the show?</strong></p>
<p>J.N. – No, because we’ve had subsequent conversations with Steve Jacobs and the people that run the Venetian in Macau about our sales efforts, their sales efforts, the changes we propose making to the show, where we see the show going this year and next year, and where they envision their audience coming from. Particularly now that they are starting the construction of other parcels across the street, we’ve had a very broad discussion about the show and they remain very firmly committed that entertainment needs to be an anchor point for the whole resort field of the show, it needs to be one of the elements firmly emplaced in the property. It cannot just be about gaming.</p>
<p>But we’re not in the rumour business. We try not to answer all the rumours that come out, because it becomes nonstop. That’s why we don’t like to talk about that.<br />
Zaia is the right show for Macau</p>
<p><strong>MDT &#8211; At this point, how much of your audience comes from the Mainland?</strong><br />
J.N. – I would say probably 25 to 30 percent of the audience is coming from the Mainland.</p>
<p><strong>MDT &#8211; How about Macau public?</strong><br />
J.N. – I think Macau residents come here always. It’s not that big a population, but we’ve had tremendous amount of support not only from the people that work in the Venetian, but from the local population as well.</p>
<p><strong>MDT &#8211; Recent news also claimed Macau public was not very supportive of ZAIA.</strong><br />
J.N. – I don’t agree with that, because we’ve done surveys after our shows and we’ve received a very high satisfaction rating from everybody that has seen the show, including Macau residents.</p>
<p><strong>MDT – Why have the ticket sales been so disappointing?</strong><br />
J.N. – The convention business that the Venetian team was anticipating to materialise did not. So, the occupancy wasn’t there in the hotel and as a result, it wasn’t there in the showroom. I also think it’s an education process. We told the Venetian that getting people in to see a show for 90 minutes, where the culture in Macau has really been gaming and gaming related, it’s like Las Vegas was, perhaps, 50 years ago. From our viewpoint, it will be the evolution of the market as more properties open and with City of Dreams opening across the street (they’re going to have a large show in the coming month). It is part of the evolution of entertainment of Macau, because the more international tourists come in, the longer people stay (not just day trippers) and, within another year and a half, we’ll be up to the occupancy numbers that we anticipated having.</p>
<p><strong>MDT &#8211; Since the results have been less than expected, do you think Cirque du Soleil needs a different product from ZAIA to succeed in Macau?</strong><br />
J.N. &#8211; ZAIA is the right show for Macau. Now, when we thought of it, the show was going to be attracting primarily international clientele because of the convention business. That’s why we did a show that was very similar to what we would have done, for instance, in Las Vegas or Tokyo. But now that we have a pretty good mix of Mainland Chinese coming in, given the level of acrobatics that is available in China, all of our shows are a work in progress. They evolve over time, so if you saw “Mystère” – which has been running for 16 years in Las Vegas – when it opened in 1993, it was a very different show than what it is today. So, we’re looking at how we can change some acts to get more Chinese appeal to the show and upgrading some of the acts. That’s part of our on going process – we’re looking at how everything works, what we can improve to make it a little bit better. But we have no intention of changing the show.</p>
<p>So, we’re looking at how we can change some acts to get more Chinese appeal to the show and upgrading some of the acts</p>
<p><strong>MDT &#8211; Why do you think these rumours – as you call it – started?</strong><br />
J.N.  – Last year, there was also rumours that the Venetian was going bankrupt and it was a very difficult year. It was difficult in Las Vegas, difficult in Macau. There were rumours in the papers that the Venetian was on the verge of bankruptcy. Our other partners here in Vegas were rumoured that they were on the verge of bankruptcy. Those two partners had very difficult times financially, but they have weathered the storm, they’re on going. People started talking that their jobs were being cut and things were not performing as well as anticipated and some rumours started. But we’re not in the rumour business. We try not to answer all the rumours that come out, because it becomes nonstop. That’s why we don’t like to talk about that.</p>
<p><strong>MDT &#8211; Does this ten-year contract mean that ZAIA has to run for ten years or can Cirque du Soleil change the show?</strong><br />
J.N. – It’s specifically for ZAIA. That was the whole intention of the contract, because when you put up a show that is that big and that complex, it takes a long time to create and then to produce. It needs to run a long time in order to return profitability.</p>
<p>We had conversations with Venetian recently about their other properties that they are building and some possible ideas for additional entertainment in Macau, not just Zaia, but in addition to Zaia</p>
<p><strong>MDT &#8211; Has there been any conversations about another show, from Cirque du Soleil, after ZAIA?</strong><br />
J.N. – Actually, we had conversations with the Venetian recently about their other properties that they are building and some possible ideas for additional entertainment in Macau, not just ZAIA, but in addition to ZAIA. It was always our original conversation with them before the bump of 2009.</p>
<p><strong>MDT – Is there a date for this additional show?</strong><br />
J.N. – No, but it would be after those properties are finished across the street.</p>
<p><strong>MDT &#8211; What kind of show are we talking about?</strong><br />
J.N. – It’s an early discussion. We obviously have a certain reputation. We have a lot of products and shows that we produce. So, we’re in conversation about what we think could help them with their entertainment and overall resort offerings.</p>
<p><a href="http://www.conradaskland.com/blog/wp-content/uploads/2010/04/macau-daily-times.png"><img decoding="async" class="alignnone size-full wp-image-4972" title="macau-daily-times" src="http://www.conradaskland.com/blog/wp-content/uploads/2010/04/macau-daily-times.png" alt="" width="250" height="109" /></a></p>
<p>Macau Daily Times Online Article<br />
 http://www.macaudailytimes.com.mo/interview/10862-Jerry-Nadal-senior-vice-president-for-resident-shows-Cirque-Soleil-Were-here-for-the-long-hall.html</p>
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		<title>Mass Exodus of Expats from Macau</title>
		<link>https://conradaskland.com/blog/mass-exodus-of-expats-from-macau/</link>
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		<dc:creator><![CDATA[askland]]></dc:creator>
		<pubDate>Thu, 18 Dec 2008 04:54:03 +0000</pubDate>
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					<description><![CDATA[Macau Business Magazine has a chilling front page article in their December 2008 issue called &#8220;You&#8217;re Fired &#8211; Expat Exodus&#8221; about the mass exodus of Expats working in Macau. You can read the original article at: http://www.macaubusiness.com/index.php?id=1451 Overview from Macau Business Magazine The wave of lay-offs that has hit the expat community has left a [&#8230;]]]></description>
										<content:encoded><![CDATA[<figure id="attachment_3741" aria-describedby="caption-attachment-3741" style="width: 250px" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-3741" title="youre-fired" src="http://www.conradaskland.com/blog/wp-content/uploads/2008/12/youre-fired.gif" alt="Macau Expats 11-08" width="250" height="196" /><figcaption id="caption-attachment-3741" class="wp-caption-text">Macau Expats 11-08</figcaption></figure>
<p>Macau Business Magazine has a chilling front page article in their December 2008 issue called &#8220;You&#8217;re Fired &#8211; Expat Exodus&#8221; about the mass exodus of Expats working in Macau. You can read the original article at: <a href="http://www.macaubusiness.com/index.php?id=1451" target="_blank">http://www.macaubusiness.com/index.php?id=1451</a></p>
<p><strong>Overview from Macau Business Magazine</strong><br />
<em>The wave of lay-offs that has hit the expat community has left a bad taste in the mouth. The whiff of betrayal is in the air and for many, there will be no coming back.</em></p>
<p><span id="more-3740"></span></p>
<p><strong>Excerpts:</strong></p>
<ul>
<li>When a bluecard is withdrawn (making it illegal for expats to work in Macau) they have 10 days to exit.</li>
<li>The first big cuts happened in early November 2008 on the Cotai Strip. There was mass panic among expats. In mid November the Venetian laid off 11,000 constructions workers as it halted work on the Cotai strip. In late November or early December many entertainers at the Venetian were let go. Many of these workers had already been here for a couple years and had relocated from their home countries.</li>
<li>There are rumors of &#8220;ill feeling&#8221; between LVS and the Macau Government. Some feel the world economy is being used as an excuse to purge Macau of expats.</li>
<li>The darkest &#8220;conspiracy theory&#8221; hints that the Macau Government is a slow moving vulture with it&#8217;s eye on the Cotai Strip, Adelson and the Venetian.</li>
<li>Conservative Macau lawmakers are getting high praise for returning jobs to local Macanese, while expats cannot understand where they are going to get local employees with the necessary skills and experience to replace their jobs.</li>
<li>Rent prices, local supermarkets and shop prices skyrocketed with the mass influx of expats with large disposable incomes. The local Macanese hope that with the exodus of expats the prices will begin to lower again.</li>
<li>It is rumored that no bluecards will be renewed for casino floor managers so all positions will be held by local Macanese within the year.</li>
<li>Businesses are preferring to hire local Macanese to stay in good graces with the government.</li>
<li>From the article: &#8220;During Macau’s boom we reached out for their help but when crisis struck, they were first for the chop. Conservative lawmakers want their heads and guaranteed jobs for locals. The clamour to sack foreign workers can verge on the xenophobic.&#8221;</li>
<li>Quote from a local: &#8220;“I am very happy to see so many foreigners going home.&#8221;</li>
<li>Official statistics from June show there are 98,505 non-resident workers in Macau – 13,713 of them in the construction sector.</li>
<li>As of October 3, 2008 new applications to hire non-local workers in the construction sector will not be accepted.</li>
<li> “Changing the rules when the game has already started is not pretty”</li>
<li>The growth in foreign investment in Macau was “too fast” and  “unhealthy”</li>
</ul>
<p>The Chinese government has increased it&#8217;s visa restrictions for local Chinese over the border visiting Macau. I have heard two takes on this. I have heard that it&#8217;s part of the Chinese government making sure it&#8217;s economy doesn&#8217;t slip into Macau hands. I have also heard it&#8217;s part of throttling the growth in Macau to keep it under control. The growth here is staggering and construction is immense. Most say the infrastructure has not had a chance to catch up with development. The restrictions by the Chinese government may well be part of a long term vision to ensure stability from a long term approach.</p>
<p>I have been told that while for a Western the phrase &#8220;long term&#8221; might mean 5 years; to the Chinese that may mean 20 years. So planning long term is indeed long term.</p>
<p>So what do I think? I&#8217;m an expat, it&#8217;s not my country. It&#8217;s up to Macau and their government to do what&#8217;s best for Macau. I can accept that.</p>
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		<title>Tough Times for Macau Venetian</title>
		<link>https://conradaskland.com/blog/tough-times-for-macau-venetian/</link>
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		<dc:creator><![CDATA[askland]]></dc:creator>
		<pubDate>Mon, 01 Dec 2008 08:59:22 +0000</pubDate>
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		<guid isPermaLink="false">http://www.conradaskland.com/blog/?p=3658</guid>

					<description><![CDATA[Two recent articles on the global economy impact on the Venetian Macau and the Las Vegas Sands Corporation. I will decline my own commentary at this time. Workers bear the biggest losses as Macau&#8217;s winning streak runs out http://www.busrep.co.za/index.php?fSectionId=565&#038;fArticleId=4737337 November 30, 2008 By James Pomfret On Macau&#8217;s dusty Cotai strip, the cranes at the Las [&#8230;]]]></description>
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<dt class="wp-caption-dt"><a href="http://www.conradaskland.com/blog/wp-content/uploads/2008/12/macau-tower.jpg"><img decoding="async" class="size-full wp-image-3659" title="macau-tower" src="http://www.conradaskland.com/blog/wp-content/uploads/2008/12/macau-tower.jpg" alt="Macau Tower" width="300" height="240" /></a></dt>
</dl>
<p>Two recent articles on the global economy impact on the Venetian Macau and the Las Vegas Sands Corporation. I will decline my own commentary at this time.</p>
<p><span id="more-3658"></span></p>
<p><strong>Workers bear the biggest losses as Macau&#8217;s winning streak runs out</strong><br />
http://www.busrep.co.za/index.php?fSectionId=565&#038;fArticleId=4737337<br />
November 30, 2008<br />
By James Pomfret</p>
<p>On Macau&#8217;s dusty Cotai strip, the cranes at the Las Vegas Sands construction site stand idle at dusk atop the half-finished husks of three massive towers. Weary batches of construction workers, laid off en masse, stream out of the site&#8217;s turnstiles, many for the last time.</p>
<p>A golden streak that started in 2002 saw Macau transformed from a sleepy former Portuguese colonial backwater into a Las Vegas-style gambling paradise. But now Macau&#8217;s luck may be running out.</p>
<p>Chen Rui, a native of Zhanjiang across the Chinese border, one of an army of migrant workers brought in to ease Macau&#8217;s acute labour shortage amid the construction boom, says: &#8220;I am in a state of shock, the whole thing has made me sleepless for days.</p>
<p>&#8220;The economy is bad in China. Everything is more expensive so it is going to affect us badly. Even if we want to find another construction site it will be very difficult.&#8221;</p>
<p>Last week, debt-straddled Las Vegas Sands shocked many in this brash boomtown by laying off most of the 11 000 workers on two Cotai strip sites &#8211; a stone&#8217;s throw from the palatial 3 000-suite Venetian Macau, which Sands owner Sheldon Adelson had opened just a year ago with much fanfare.</p>
<p>Some blame the government for the casino glut, for issuing too many casino licences and giving land to developers without redistributing the new found wealth.</p>
<p>Ng Sek Io, a laid-off worker still clutching a red helmet outside the suspended construction projects, says: &#8220;I am a Macau person and all of Macau&#8217;s half-million people are angry with the government.</p>
<p>&#8220;It is a corrupt and incompetent government and it has not considered our current livelihood difficulties.&#8221;</p>
<p>Macau&#8217;s gaming tycoon, Stanley Ho, has warned that the recession could last up to three years.</p>
<p>But even before the downturn, visa restrictions imposed by China on risk-loving Chinese punters had begun to corrode gaming revenues.</p>
<p>Melco&#8217;s City of Dreams casino, a joint venture by the sons of Australian tycoon Kerry Packer and Stanley Ho, is still due to open on the Cotai strip next year and the reclaimed isthmus is the only place left in land-cramped Macau for mega-projects.</p>
<p>Analysts say the slowdown is only a speed bump, as Macau is still the only place on Chinese soil where casinos are allowed to operate. Right now, though, laid-off workers will battle to find jobs.</p>
<p>Jose Coutinho, a Macau legislator, says: &#8220;We are going to have enormous difficulties because we have not diversified our industry. We are quite dependent on gaming.&#8221;</p>
<p>But those who have benefited from higher property prices and wages are taking Macau&#8217;s shifting fortunes in stride.</p>
<p>Martin Kou, a restaurant manager, says: &#8220;Before, jobs looked for people, but now people are looking for jobs. It is like a change of feng shui for us, the end of a cycle.&#8221;</p>
<p><strong>IS MACAU A LOSING BET FOR LAS VEGAS SANDS?</strong><br />
http://industry.bnet.com/travel/1000350/is-the-macao-a-losing-bet-for-las-vegas-sands/</p>
<p>The Venetian Macao Resort Hotel was supposed to be a 3,000-suite mega-resort, a kind of Disneyland copy of Venice, with casinos and shopping for an upscale Asian market. But now Las Vegas Sands Corp. is $10 billion in debt and sliding, its projects postponed or canceled just as the economy takes a swandive.</p>
<p>A look at its quarterly report doesnâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />t hold much back. So far, on the Cotai strip, Las Vegas Sands owns the Venetian Macao, Sands Macao and the Four Seasons Macao (managed by the Four Seasons Hotel Inc.) At some point in the future it will feature 18 mansions and 1 million square feet of apartments.</p>
<p>The big problem is that there are plans for five more resorts, known in U.S. Securities and Exchange Commission filings as parcels 3, 5, 6, 7 and 8 â€“ but due to the credit crisis, loans have dried up â€” and thre are few banks willing to bankroll a new casino. In early November, Las Vegas Sands decided to suspend construction while it searched for $2 billion in financing. Since then, Las Vegas Sands found the money, but decided to halt development in Macao while it concentrated on its other holdings.</p>
<p>Unfortunately, the company doesnâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />t have all the government approvals to develop the parcels â€” and if they donâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />t receive a â€œland concessionâ€ from Macao: â€œThe Company . . . could forfeit all or a substantial part of its $1.45 billion in capitalized construction costs.â€ According to the document, if the company doesnâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />t complete development of Parcel 3 by August 2011, it could lose its right to operate the Venetian Macao and any other of its developments forever. So, the entirety of the development, all the billions of dollars, could be a wash if Las Vegas Sands canâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />t find enough financing in the next year or so.</p>
<p>Another problem is that the slowing economy is hitting South China.Â  According to reports, until recently China was experiencing about 10 percent growth each year â€” until 2008. Now at only 8 percent, the Chinese government announced a $586 billion stimulus package on airports, subways and other infrastructure.</p>
<p>The new austerity is also affecting gaming. Although in 2006 Macao delivered gaming revenues that surpassed Las Vegas , the number of casinos in the area doubled and divided those profits. The nouveau riche, with plenty of money from cheap imports, are now being denied visas under Chinaâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />s newfound belief that gambling will drag the economy down further. Growth of visitors dropped to 2 percent in September, down from 17 percent for the earlier part of 2008.</p>
<p>Itâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />s a losing bet when both the government and economy are against your project. And it makes it easier for others to criticize.</p>
<p>â€œIf someone tries to build six hotels at once and finds the market canâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />t accommodate it, thereâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />s a problem in planning,â€ casino mogul Steve Wynn, owner of Wynn Resorts Ltd. said. Executives from Sands said that they werenâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />t the only company halting projects.</p>
<p>While Las Vegas Sands remains optimistic, its competitors seem like the only winners.</p>
<p>Melco Crown Entertainment Ltd., owned by Australian businessman James Packer and Lawrence Ho, son of a Macao magnate, will likely open the only new Macao casino in 2009, the $2.1 billion City of Dreams project. The partnersâ€<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> spokesman said the company welcomes the reduced competition.</p>
<p>As the end of 2008 approaches, Las Vegas Sands has approximately 31 months to complete development or watch theÂ  Macao project, and billions of dollars, drift away. The reality may be that in keeping all of its other holdings thriving, including its new resort in Singapore next year, Las Vegas Sands may have to let it go.</p>
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		<title>Charlie Rose Interviews Sheldon Adelson</title>
		<link>https://conradaskland.com/blog/charlie-rose-interviews-sheldon-adelson/</link>
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		<dc:creator><![CDATA[askland]]></dc:creator>
		<pubDate>Fri, 14 Nov 2008 17:15:15 +0000</pubDate>
				<category><![CDATA[Macau]]></category>
		<category><![CDATA[Alex Trebek]]></category>
		<category><![CDATA[Casino Royale]]></category>
		<category><![CDATA[Chairman Of The Board]]></category>
		<category><![CDATA[Charlie Rose]]></category>
		<category><![CDATA[Cotai Strip]]></category>
		<category><![CDATA[Daniel Craig]]></category>
		<category><![CDATA[Film Casino Royale]]></category>
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		<category><![CDATA[Interviews]]></category>
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		<category><![CDATA[Las Vegas]]></category>
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					<description><![CDATA[httpv://www.youtube.com/watch?v=eBkpeDjKZGY Middle section includes interview with Sheldon Adelson &#8211; posted on YouTube August 27, 2007. Mr. Adelson talks about Macau and the new Cotai Strip developments. Segment 1: Daniel Craig discusses his role as James Bond in the new film &#8220;Casino Royale&#8221;. Segment 2: Sheldon Adelson is Chairman of the Board of the Las Vegas [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>httpv://www.youtube.com/watch?v=eBkpeDjKZGY</p>
<p>Middle section includes interview with Sheldon Adelson &#8211; posted on YouTube August 27, 2007. Mr. Adelson talks about Macau and the new Cotai Strip developments.</p>
<p><span id="more-3402"></span></p>
<p><span>Segment 1: Daniel Craig discusses his role as James Bond in the new film &#8220;Casino Royale&#8221;.</span></p>
<p>Segment 2: Sheldon Adelson is Chairman of the Board of the Las Vegas Sands Corporation. He discusses his ventures in Las Vegas and Macau.</p>
<p>Segment 3: We conclude with Alex Trebek, host of &#8220;Jeopardy!&#8221;</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">3402</post-id>	</item>
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		<title>Macau Nightclubs and Bars</title>
		<link>https://conradaskland.com/blog/macau-nightclubs-and-bars/</link>
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		<dc:creator><![CDATA[askland]]></dc:creator>
		<pubDate>Sun, 29 Jun 2008 16:29:31 +0000</pubDate>
				<category><![CDATA[Macau]]></category>
		<category><![CDATA[Bass Speakers]]></category>
		<category><![CDATA[Best Clubs]]></category>
		<category><![CDATA[Club Music]]></category>
		<category><![CDATA[Cotai Strip]]></category>
		<category><![CDATA[Couple Blocks]]></category>
		<category><![CDATA[Disco Lights]]></category>
		<category><![CDATA[Earplugs]]></category>
		<category><![CDATA[Farangs]]></category>
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		<category><![CDATA[Professional Dancers]]></category>
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		<category><![CDATA[Street Bars]]></category>
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					<description><![CDATA[Macau (SAR) China listing of popular clubs and bars for Westerners (farangs and gwilos). Please add comments to add to the list or submit your own comments about the best clubs in Macau, Taipa and the Cotai Strip. Macau island is located off mainland China south of Hong Kong. *UPDATE* &#8211; Please read comments for [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Macau (SAR) China listing of popular clubs and bars for Westerners (farangs and gwilos). Please add comments to add to the list or submit your own comments about the best clubs in Macau, Taipa and the Cotai Strip. Macau island is located off mainland China south of Hong Kong.</p>
<p><strong>*UPDATE*</strong> &#8211; <em>Please read comments for updates on the Macau scene, things are always changing.</em></p>
<p><span id="more-2972"></span></p>
<p>*Note* &#8211; <em>Macau, Taipa and the Cotai Strip are all within a 5 minute taxi ride of each other. So you can really consider them as all the same &#8220;town&#8221;.</em></p>
<p><a title="mgm-lions-bar.jpg" href="http://www.conradaskland.com/blog/wp-content/uploads/2008/06/mgm-lions-bar.jpg"><img decoding="async" src="http://www.conradaskland.com/blog/wp-content/uploads/2008/06/mgm-lions-bar.jpg" alt="mgm-lions-bar.jpg" /></a></p>
<p><strong>MACAU</strong></p>
<p><strong>*Updated January 2010 &#8211; please post comments for latest updates and let us know about new clubs or clubs closed*</strong></p>
<ul>
<li><strong>Lion&#8217;s Bar &#8211; MGM Casino</strong> &#8211; Currently &#8220;the place to be&#8221; on Fri and Sat nights. Live bands from the US (most of the bands are very good, sometimes not). Great atmosphere, good restaurants within the MGM. Dance floor, long bar and puffy couches with pillows. Probably the most comfortable atmosphere for folks from the US.</li>
<li><strong>D2 (DD2)</strong> &#8211; As of January 2010 this is THE ONLY CLUB to go to from 3-6am and is the most notoriously popular of the clubs in Macau. Located a couple blocks from the Lisboa. All taxi drivers understand &#8220;D2&#8221;. Disco and club music &#8211; remodeled and looking nice as of July 2008. Dark lighting, disco lights and very loud sub bass speakers (some people I&#8217;ve went with brought earplugs but I like it). They used to not let in Indonesians, but this is a big hangout now (2010) for Filipina and Indonesia ladies. Wed night ladies night. This club has professional dancers (both male and female) that dance on stages. This is not a strip club, just &#8220;go go&#8221; dancers. DD2 doesn&#8217;t open until 11pm (and you don&#8217;t want to go until AT LEAST 2am or 3am) so plan for a late night. It doesn&#8217;t get going til about 3am &#8211; and 5am is when it&#8217;s hopping.</li>
<li><strong>D3 (DD3) &#8211; Fisherman&#8217;s Wharf</strong> &#8211; Like D2 but for local Chinese. They will let Westerners in and are polite, but don&#8217;t expect to be buddies with the table next to you. Like D2, this club has professional dancers both male and female. (Not a strip club). I went there at midnight and the place was empty &#8211; came back at 1:30am and it was packed.</li>
<li><strong>MP3 </strong>&#8211; All taxi drivers understand &#8220;MP3&#8221;. It&#8217;s located by the water and has many other open street bars alongside it. To be honest, I don&#8217;t really understand this club. Everyone knows about it and goes there at one time or another. But it&#8217;s very small. They have quasi strip dancers (full clothed) inside that are horrible. In the outdoor area people stroll the several bars along the street and it has kind of a &#8220;south of the border&#8221; vibe to it &#8211; that part is nice. If you go with friends and like to relax on the patio you might enjoy this area. Sometimes one of the clubs on this street has a live band. As far as I can tell this area is mainly a hangout for working girls to use as a &#8220;home base&#8221; before they hit the streets.</li>
<li><strong>MP4</strong> &#8211; <strong>Royal Hotel </strong>&#8211; <em><strong>CLOSED IN SUMMER 2009 &#8211; NOT OPEN</strong></em> &#8211; Not all taxi drivers understand &#8220;MP4&#8221;, but they&#8217;ll understand &#8220;Royal Hotel&#8221;. There are no signs for this club and it&#8217;s downstairs in the hotel. You will walk into this sleep hotel/casino and think you found the wrong place. Walk in and you&#8217;ll see a couple security guards by the elevator. When they let you down the elevator you&#8217;ll visit another world. MP4 is owned by a Westerner and this is one rocking club. Booming bass disco and club music til 8 in the morning. Prices are reasonable. This is my favorite disco nightclub in Macau right now. Professional dancers and a great DJ. There are VIP areas with couches you can reserve. The bartenders must have seen the movie &#8220;Cocktail&#8221; because they love to have competitions juggling the bottles in the air. The club is full of working girls so be careful.</li>
<li><strong>Showtime &#8211; Across from Fortuna Casino</strong> &#8211; <em><strong>NO BUSINESS &#8211; DON&#8217;T GO UNLESS YOU WANT PRIVATE KARAOKE</strong></em> &#8211; Awesome food! Full service from the restaurant. This club is really hit or miss. Need to find out when they have a special guest DJ &#8211; then it&#8217;s packed. Otherwise it&#8217;s pretty sleepy. The sound system here is not as good as MP4 or D2 &#8211; more like a beefed up home stereo system. I only go there because I LOVE there Chicken Satay (the best in Macau in my opinion).</li>
<li><strong>VIP Room &#8211; The View &#8211; Sands Casino</strong> &#8211; <em><strong>*Not really a &#8220;club&#8221;, more a place to take friends &#8211; prices are high.</strong></em> Wednesday nights is ladies night and open to the public. Other nights is members only. I was there on a member only night and it was very subdued and quiet. Dark wood and very fancy &#8211; reminded me of a railroad barron&#8217;s library from the 19th century. Also went there on a Wednesday night where they played house music and it was packed with the party crowd. They start a little earlier here, so it&#8217;s a good place to go before heading off somewhere else.</li>
</ul>
<p><strong>TAIPA</strong></p>
<ul>
<li> <strong>OTT &#8211; Old Taipa Tavern in Taipa</strong> &#8211; GREAT STEAKS FOR 150 MOP! Hangout for Westerners and Aussies in Old Taipa. Most people in old Taipa area know what &#8220;Old Taipa Tavern&#8221; is. Great food. Definite English pub vibe. Lot of Venetian workers go here after work. One of the few places that does Potato Skins and Nachos decently. Great restaurant upstairs with steaks. OTT is relaxed and low key, pretty hard to get into trouble here.</li>
<li><strong>Monkey Bar &#8211; Grand Waldo Hotel </strong>&#8211; <em><strong>CLOSED DECEMBER 2009 &#8211; NOT OPEN</strong></em> &#8211; Located upstairs from the Papaya Bar. This club has a live band with singers that do hip hop and pop music &#8211; they play some parts live and use karaoke tracks. It&#8217;s not great, but it&#8217;s live. The Monkey Bar is popular with locals on Taipa. They have live dancers (not the &#8220;pro&#8221; dancers like in other clubs, but mainly Phillipinos that do lame hip wiggles on poles.) NOT a strip club. There&#8217;s a mix of locals and working girls in this club. Something about this club has a greasy vibe that I don&#8217;t really care for.  You&#8217;ll see a lot of &#8220;suits&#8221; here &#8211; must be the place people take out of towners on the prowl. The music is not too loud, so it might be more comfortable for some people than the bass booming clubs like Mp4 and D2.</li>
<li><strong>Papaya Bar &#8211; Grand Waldo Hotel </strong>&#8211; <strong><em>CLOSED 2009 &#8211; NOT OPEN</em></strong> &#8211; This is a topless bar. Girls sit at the bar and you buy them drinks and play dice. I went there with another guy and didn&#8217;t have a great time &#8211; it just seemed very lame. But I went there with a large mixed group and it was very fun. They have a pole dancer stage at the middle of the bar and have a dancer come out every once in a while. (Topless only). I have friends that swear this is the best place on earth. I only think it&#8217;s fun with a big group of people and you take it all tongue and cheek (no pun intended).</li>
<li><strong>ALTIRA Casino &#8211; 38th (Top) Floor </strong>&#8211; (The old Crown Casino) across from Greek Mythology. This is a bar, not a club. Need to go there with friends as there&#8217;s no &#8220;mixing&#8221;. If you go outside it has an incredible view of Macau. It&#8217;s a little pricey. Very classy. This would be the place to take a business partner. Very common to see businessmen talking with colleagues here. This and the VIP room at the Sands are the most upscale bars I have seen.</li>
</ul>
<p><strong>COTAI STRIP</strong></p>
<ul>
<li><strong>Bellini Lounge &#8211; Venetian Casino</strong> &#8211; Located inside the main casino floor. This is one of &#8220;the&#8221; places to be on Wednesday nights for Ladies night. Decent live bands that play until 3am. Probably the best service of any club. Lots of locals and tourists go here. It is very clean and not &#8220;greasy&#8221; like many of the other clubs. You would feel comfortable bringing your girlfriend or family here.</li>
</ul>
<p><strong>Note for travelers</strong> &#8211; Security and service is great in Macau. I&#8217;ve never seen a fight or any problems. Don&#8217;t do anything stupid and you&#8217;ll be fine. If you haven&#8217;t been to Macau before you will be amazed at the old school attention to customer service. Very common in a restaurant to have four people wait on you. It&#8217;s like Las Vegas in the 1960&#8217;s.</p>
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