Las Vegas Sands......beobachten

CARSON CITY – Gaming mogul Sheldon Adelson says a Las Vegas jury relied on “wishful thinking” in awarding $43.8 million to a Hong Kong businessman who says he used his influence to help Adelson get approval for two casinos in Macau.

Adelson says there was no evidence presented at a 29-day trial to award the money to Richard Suen, who claims he was offered $100 million at one point.

Adelson, through his lawyers, will present his appeal to the Nevada Supreme Court on Thursday in behalf of himself, Las Vegas Sands Inc. and its former president, William Weidner.

Suen argues he gave the casino idea to Adelson and officials with Las Vegas Sands Inc. to invest in Macau. He says he facilitated meetings with Chinese officials and rescued Adelson's bid when his proposal was in trouble.

The $43.8 million increases to $58.6 million when prejudgment interest is added.

Las Vegas Sands Inc. owns the Sands Expo and Convention Center and the Venetian and Palazzo hotel-casinos in Las Vegas. Adelson is chairman and chief executive officer of the company.

Las Vegas Sands opened the Sands Macao in 2003 and the Venetian Macao in 2007.

When they couldn't reach a financial agreement, Suen filed suit in Clark County District Court in Las Vegas against Adelson, the company and Weidner alleging he used his influence to get the Macau licenses.

Macau had decided in 2000 to end a monopoly and open the gambling market to competition. Adelson met Suen on a trip to Macau in July 2000, and Suen says he arranged for several meetings with Chinese officials for Adelson and Sands officials. At the time, business in Las Vegas was down due to the Sept. 11 terrorist attacks.

Adelson sought partners to build the casino, with the Las Vegas company operating the gambling. An agreement was reached with a company called Galaxy for a $1.1 billion investment. But Galaxy, which was affiliated with a Hong Kong investor, bowed out, objecting to the disclosure requirements that applied under Nevada law.

By that time, cash flow had improved and Las Vegas Sands Inc. had received permits to construct casinos on its own. During this period, Suen says he conducted a number of meetings that resulted in Las Vegas Sands getting approval for the casino construction.

Las Vegas Sands says Suen never introduced it to any potential partners. The company argues there was no evidence that influence by Suen prompted Chinese officials to express any preference for Las Vegas Sands.

Samuel Lionel, the attorney for Las Vegas Sands, said this judgment "breaks new ground in permitting a United States jury to award tens of millions of dollars based on allegedly irregular actions of a foreign government." He said the jury was allowed to presume illegal influence without the slightest evidence that it occurred.

Suen attorney James Pisanelli said there was no evidence of a violation of the law. He said there was "unrebutted testimony” that influence by the Chinese government over Macau doesn't violate the basic law.

Macau is a “special administrative region” of China. Law forbids China from interfering in the Macau government except on issues of foreign affairs and national defense.

The court is expected to take the arguments under study and rule later.

http://www.lasvegassun.com/news/2010/aug/31/...-586-million-judgment/  

Singapore economy seen growing 15 percent in 2010
Singapore analysts expect economy to surge 15 percent in 2010 as manufacturing soars

Alex Kennedy, Associated Press Writer, On Wednesday September 1, 2010, 3:33 am EDT
SINGAPORE (AP) -- Singapore's economy will likely expand at a record pace this year as a surge in demand for the city-state's exports fuels manufacturing, according to a central bank survey of analysts.

The city-state's gross domestic product will likely grow 14.9 percent this year, according to the median forecast of 20 economists in the quarterly survey, the Monetary Authority of Singapore said Wednesday.

In the previous survey in June, analysts had expected the economy would grow 9 percent this year.

Singapore's economy -- which relies on trade, finance and tourism -- will likely be led this year by a 29 percent expansion of the manufacturing sector as non-oil exports soar 20 percent, according to the analysts.

The government boosted its 2010 growth forecast in July to a range of 13 percent to 15 percent after the economy expanded 18 percent in the first half from a year earlier.

Analysts expect financial services to grow 10.6 percent this year, construction to rise 10 percent this year and wholesale and retail trade to expand 16 percent, according to the survey.

The opening earlier this year of Singapore's first two casino-resorts -- built by Malaysia's Genting Bhd and Las Vegas Sands Corp. -- has helped attract record visitors and fuel tourist spending.

The two resorts will likely contribute 0.7 percentage points of this year's 15 percent gross domestic product growth while indirectly helping the economy by boosting job creation and retail spending, DBS bank said in a report. Visitor arrivals to Singapore grew 24 percent in July from a year earlier to a record 1.1 million.

Singapore's economy will also benefit this year from hosting international sporting events, such as last month's Youth Olympics and the F1 race later this month. Visa said spending on its credit, debit and prepaid cards rose 38 percent during the two weeks of the Youth Olympics from a year earlier.

Analysts said the economy is likely to grow 11.6 percent in the third quarter from a year earlier, 12.6 percent in the fourth, and 5 percent next year.

The inflation rate will probably rise to 2.9 percent this year, the unemployment rate will be 2.2 percent and the exchange rate will average 1.350 Singapore dollars per U.S. dollar, little changed from the June survey, the analysts expect.

http://finance.yahoo.com/news/...een-apf-4174225367.html?x=0&.v=2  

Las Vegas Sands Corp. (LVS)
$28.80 (+ 1.66%)
http://data.cnbc.com/quotes/lvs  

Es kommt nicht darauf an was der heutige Tag so bringt, sondern was LVS am Ende des Jahres gebracht hat.     

 

 

 

Jetzt schon über 500.000 shares.  

 

Gambling conference moving Vegas venues in 2011

LAS VEGAS (AP) -- The gambling industry's marquee conference is moving to the Sands Expo and Convention Center in 2011.

American Gaming Association President Frank Fahrenkopf (FAIR'-en-koff) said Tuesday the three-year deal also shifts the Global Gaming Expo from November to early October.

Fahrenkopf says that gives casinos more leeway to buy products, and could boost exhibitors' profits.

Fahrenkopf says the conference is moving because its current home, the Las Vegas Convention Center, couldn't accommodate the annual show in October.

The Las Vegas Convention and Visitors Authority runs the convention center. It competes with the nearby Sands venue, owned by Venetian resort owner Las Vegas Sands Corp.

The conference and trade show holds its 10th meeting this year, Nov. 15-18.

http://finance.yahoo.com/news/...ing-apf-1857661717.html?x=0&.v=1  

Genta... bei 1,30$ Ko. gesetzt.  

 

Du wolltest erst bei 1$ einsteigen!  

 

Lou liest, sieht und hört alles.

Ich bin mir nicht mehr sicher, ob ich Genta kaufe,
auch wenn ich die shares zu $1 bekommen könnte.  

Sept. 1 (Bloomberg) -- Casino gambling revenue in Macau, the world’s biggest gambling hub, rose 40 percent to 15.8 billion patacas ($2 billion) in August from a year ago, according to data from the city government.

Gambling revenue for the six casino operators in the only Chinese city where they are legal grew 63 percent to 117.9 billion patacas, according to Macau’s Gaming Inspection and Coordination Bureau.

To contact the reporter on this story: Frank Longid in Hong Kong at flongid@bloomberg.net  

auf den Kurs der Las Vegas Sands Aktie aus.

$28.93 (+ 2.12%)

http://data.cnbc.com/quotes/LVS  

 

Generex Biotechnology Initiates Social Media Campaign for Its Corporate and e-Commerce Websites

"We are excited about utilizing the social media campaign to introduce and communicate about our products and platforms within the vast online media landscape", said Rose C. Perri, Generex's Chief Operating Officer. "We consider this type of service as having a growing role in the future of patient, customer and investor communications."

http://finance.yahoo.com/news/...logy-pz-3153071556.html?x=0&.v=1

Gruß

Dude44

P. S. Falls keine Interesse mehr an GNBT Infos besteht, bitte melden.

 

 

 

Casino Stocks: Macau Breakdown

NEW YORK (TheStreet) -- Macau gaming revenue surged 40% in August to $2 billion, its third largest month to date.

Sands China, which is owned by Las Vegas Sands (LVS), saw its first-half profit more than quadruple to $250.5 million from $58.3 million last year. Revenue jumped 32% to $1.98 billion from $1.5 billion.

But Sands China has been forced to postpone its $4 billion expansion project on the Cotai strip due to a lack of construction workers, the company said last week.

http://www.thestreet.com/_yahoo/story/10850061/1/...REE&cm_ite=NA  

Sands Cina Ltd. (1928.HK)
HK$ 12.42 (+ 3.16%)
http://www.reuters.com/finance/stocks/keyDevelopments?symbol=1928.HK  

Singapore Registers “Massive Winnings” as Casinos Hit Record-High Arrivals

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 1, 2010 --

Despite looming concerns over possible negative social impacts of gambling, a world renowned gaming analyst on Monday expressed confidence that the Singapore government will continue to support the operations of two casino resorts in the city-state, citing its significant contribution to its gross domestic product (GDP) and tourism.

In an interview, Las Vegas-based Asian gaming expert Jonathan Galaviz said that Singapore’s “massive bet” for the establishment of two multi-billion dollar casino resorts is now paying off, reaching the one million mark in the number of visitors in July.




“Singapore’s legislation for the casino gaming industry in the city-states is clearly paying off, enhancing tourism strategy and GDP of the country. This development will continue doing well for the next decade,” Galaviz said.

Based on records, Singapore’s Tourism Board said that the number of tourists visiting the casinos reached one million in July.

Besides the casinos, Singapore’s integrated resort which is famous for its theme parks, hotels, high-end shopping districts, and convention halls also offers alternative destinations to tourists arriving in the city of five-million people.

Officials added that they expect the numbers of tourists to climb up between 11.5 to 12.5 million this year, beating neighboring countries known for its white-sand beaches and other natural tourist attractions.




Earlier, Southeast Asia biggest bank DBS Group forecasted a $1.5 billion contribution of the casino resorts to Singapore’s economy.

Galaviz predicted that Singapore’s total gross revenue on gaming will reach $2.7 billion this year and could soar beyond $3.0 billion next year.

“It is important for Singaporeans to see the role of casinos in luring not only the high-rollers but also as an integral travel destination in order for the country to stay competitive globally,” the analyst added.

It will be recalled that the church and civil society groups expressed opposition against the legalization of the “gambling destinations,” citing problems that might arise with its establishment.




AsiaBiz Services, which focuses in Singapore company registration, a business believes that the country is one of the best business centers because of its pragmatic government.

“The Singaporean government makes decisions based on the rational reasoning. With this, pragmatic policies and regulations have attracted international companies to setup a Singapore company,” the firm said.

AsiaBiz Services is a company that specializes in business registration which can help local and foreign entrepreneurs in the formation processes involved in to setup a Singapore company.




“The Singaporean government makes decisions based on the rational reasoning. With this, pragmatic policies and regulations have attracted international companies to setup a Singapore company,” the firm said.

AsiaBiz Services is a company that specializes in business registration which can help local and foreign entrepreneurs in the formation processes involved in to setup a Singapore company.

http://www.free-press-release.com/...rd-high-arrivals-1283369725.html  

BRIEF-Rubio's closes going private transaction with Mill Road Capital

Aug 24 (Reuters) - Rubio's Restaurants Inc: * Closes going private transaction with Mill Road Capital * Says closing of its merger with a subsidiary of Mill Road Capital, L.P. * Says former stockholders are receiving $8.70 per share in cash in the transaction ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

http://www.cnbc.com/id/38837255