Ocean Resort Casino to open same day as Hard Rock

Atlantic City’s Ocean Resort Casino says it will open on the same day as the Hard Rock casino. Bruce Deifik, who owns the former Revel

Emirates earnings jump as Gulf carrier rules out Etihad merger

Emirates Group reported a 67 percent jump in full-year profit and said there are no plans to merge with Etihad Airways, the Abu Dhabi airline that’s restructuring.

Gaming | MGM Chief Executive rips ‘hypocritical’ investors on diversity

MGM Resorts International has increased the number of women in management and invested in solar panels to power its casinos. Chief Executive Officer James Murren says investors

Xiaomi poised to become a billionaire factory with Hong Kong IPO

When Xiaomi Corp.’s founders were eating millet congee at an office in Beijing’s Zhongguancun neighborhood in 2010, they decided to create a smartphone brand selling

Corporate Bits | The Venetian team member wins award

Las Vegas Sands Corp (LVS) has named a team member of The Venetian Macao as the winner of “The Mr. Sheldon G. and Dr. Miriam Adelson Citizenship

Air France tumbles as CEO departure, strikes spook investors

Air France-KLM Group tumbled in Paris trading as Europe’s biggest airline battles turbulence triggered by Chief Executive Officer Jean-Marc Janaillac’s resignation and a deepening labor conflict.

Nestle bets USD7b on Starbucks to revive its coffee sales

Starbucks Corp. is giving Nestle SA a shot at revitalizing its global coffee business. In the third-biggest transaction in Nestle’s 152-year history, the Swiss

Trade War | China could target US firms, debt if Trump plays hardball

In a looming trade war between the world’s two largest economies, American companies in China may have a bull’s-eye on their backs. The Trump administration

Casino workers want sex harassment policy to include guests

Casino industry representatives and workers told Nevada gambling regulators last week that their initial policy draft proposal to address sexual harassment in the workplace needs more work. The

Corporate Bits | MGM sponsors crisis intervention lecture

Following the sponsorship that allowed Caritas de Macau staff to participate in a disaster management training program in Nepal last year, MGM has sponsored and supported

Real Estate Matters | The difference between being cheap and frugal

Many people work hard to stash away their earnings and save up for the initial pot of capital to get their foot on the so-called ‘property ladder’.

Gaming | Union: Caesars rejects ‘Do Not Disturb’ sign policy change

The union representing thousands of housekeepers in Las Vegas said Caesars Entertainment has rejected a proposal to include language in a new contract that would

S&P Dow CEO says his firm decided against crypto indexes for now

S&P Dow Jones Indices says it’s decided against introducing cryptocurrency indexes - for now. With the popularity of bitcoin and other digital currencies, S&P

Corporate Bits | Sands china co-organizes charity walk

Sands China and Macau IC2 Association have come together to organise the IC2 Charity Fund Fun Walk event, to be held this Saturday. According to a statement

Apple earnings show growing immunity to smartphone malaise

Apple Inc.’s results confirmed that, while the days of double-digit smartphone industry growth are over, Chief Executive Officer Tim Cook has a plan to

Corporate Bits | Wynn presents springtime menus

From now till May 31, SW Steakhouse, Mizumi and Andrea’s at Wynn Palace Cotai, together with Wing Lei at Wynn Macau will be presenting a selection

Gaming | Ocean Resort owner reveals plans for former Revel casino

Bruce Deifik gets it. He has carefully studied what went wrong at Atlantic City’s former Revel casino and is fixing it before he reopens the star-crossed

Xiaomi’s USD10b IPO risks a cash crunch in Hong Kong

Hosting what’s shaping up to be the world’s biggest initial public offering of 2018 may be a double-edged sword for Hong Kong. Chinese smartphone maker Xiaomi

China issues rules for securities ventures by foreign firms

China’s securities regulator issued guidelines on the country’s previously announced move to allow foreign firms to own a majority stake in local securities joint ventures.

Film | World’s biggest movie hub opens in Qingdao to woo Hollywood

Four gigantic, Chinese characters are aligned on a hill overlooking a seaside film studio complex, in a nod to the fabled Hollywood sign, the American cultural icon

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