Corporate Bits | CAM representatives visit Zhuhai airport

Dr. Deng Jun, Chairman of the Executive Committee of Macau International Airport Co., Ltd. (CAM) led a delegation to pay a courtesy Chinese New Year visit, and the first port of call was Zhuhai Airport. Both sides exchanged dialogue on the operation and management of the two airports.
As soon as Mr. Wan Jing Ping assumed the post of the chairman of the board of Zhuhai Airport Group Corp., he led a team to visit Macau International Airport (MIA) this January. Their first CNY visit this year is to Zhuhai Airport, just 35km away. The two neighboring regions have a different culture and operate differently. Spring greetings, inter-discussion, and exchange on the management and operational experience took place in the meeting, deepening understanding of the basics of the profession. They agreed to continue promoting the cooperation of the Five Airports in the Pearl River Delta region, as well as China’s civil aviation industry.

‘World baccarat master of Macau’ championship

The much-anticipated moment has arrived: the “World Baccarat Master of Macau- Master Championship” will be launched during the period from 2 to 5 April.  From July 2014 up until now, the tournament has accepted all challenges from interested parties. Galaxy Macau stated in a press release that it “is ready to give away the grand prize HKD$5 million in cash to the final Champion and throne him with the remarkable Champion diamond ring.”
In the February of Monthly Championship section, Mr. Huang, Galaxy Privilege Club Pavilion Black card member from Zhejiang, China, won and was awarded the cash prize of HKD1,000,000. Apart from that, he has also been invited to the Quarter round of the Master Championship, accompanied by the 64 participants who were ranked first to eighth in the previous eight monthly championships. The new enrollments will battle each other for the title of “World Baccarat Master of Macau.”

ICAHN commits to loan Trump casinos usd13.5m

Trump Entertainment Resorts Inc., the owner of two Atlantic City, New Jersey, casinos, took two long strides toward winning approval of a reorganization plan that would give ownership to an affiliate of Carl Icahn. An Icahn entity, IEH Investments I LLC, agreed to provide a loan to financial emergence from bankruptcy. At the same time, the casino owner agreed to settle claims by the U.S. Treasury Department’s Financial Crimes Enforcement Unit that the 2,000- room Trump Taj Mahal had violated the Bank Secrecy Act.
When Trump Entertainment is ready to implement the proposed reorganization plan, Icahn will lend them USD13.5 million, together with enough to pay off the balance of a $20 million bankruptcy loan Icahn also made. The $20 million loan, approved on Jan. 30, has allowed the Taj Mahal to continue operating. The 906-room Trump Plaza closed before bankruptcy in September. The new loan will be up for approval at a March 4 hearing. The hearing, upon confirmation of the Icahn-sponsored reorganization plan, has been set for March 12.