Las Vegas Massage Parlors: Stan the Man knows his turf
September 3, 2009 by rubmetender
Adelson, 76, who arrived in the former Portuguese colony in 2004, has seen his plan to recreate the Las Vegas experience in the Chinese territory fall away. He has delayed construction on nine hotels and casinos, leaving swaths of the Cotai Strip covered by steel and concrete skeletons.
Kerkorian, 92, with his MGM Mirage, has amassed $US12.4 billion of debt worldwide, and his company reported a $US212 million net loss for the second quarter. Adelson and Wynn, 67, have announced plans to increase capital by selling shares in their Macau businesses on the Hong Kong stock exchange.
But Ho has so far managed to outfox the newcomers.
In Macau, the 23.5 million visitors who came last year stayed an average of 1.3 nights, compared with three nights in Las Vegas, which augments gambling with Broadway-style shows and restaurants.
Macau’s gamblers have been known to catch some sleep in massage parlours rather than pay for a hotel.
See the full article from “WA today”