...University of Macau Faculty of Business Administration GAMM302 Gaming Regulations and legal Environment 2009/2010, second semester Written Assignment Topic: H istory of the 2001 -2002 concession public tender process in Macau Name: Lau Hiu Tung Number: B-A7-0070-2 Date: 30 April 2010 Abstract The purpose of the report this time is to share and have a discussion in the concession public tender process in 2001 – 2002. By reading this sharing, I hope we can have a clear picture about the whole tender process, what has happened, and how was it organized during those 2 years. As this is a very important topic in the gaming sector. Moreover, I will also have a discussion to see the main reason why were those 3 companies won in the competition, and also some specific issue that raised by some of the candidates. Introduction Macau has a very long history in the area of gaming business. In the old days, Macau is being named as “Eastern Monte Carlo”. Now, Macau can be called as “Eastern Las Vegas”, as many foreign companies have started their business in Macau after the liberalization of the gaming industry in 2002. This change let Macau step into a new era and increase its reputation all over the world. Why Macau can have such a big change after the operation in the style of monopoly concession for more than 70 years? How the tender process has been gone through? Why result in these 3 concessions – even though now there are 3 plus 3 sub/concessions, but this is another...
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...History values Built from 1582 to 1602 by the Jesuits, the cathedral was one of the largest Catholic churches in Asia at the time, and the royalty of Europe vied with each other to bestow upon the cathedral the best gifts. With the decline in importance of Macau, which was overtaken as the main port for the Pearl River Delta by Hong Kong, the cathedral's fortunes similarly ebbed, and it was destroyed by a fire during a typhoon in 1835. The Fortaleza do Monte overlooks the ruin. History values The sculptured motifs of the facade include biblical images, mythological representations, Chinese characters, Japanese chrysanthemums, a Portuguese ship, several nautical motifs, Chinese lions, bronze statues with images of the founding Jesuit saints of the Company of Jesus and other elements that integrate influences from Europe, China and other parts of Asia, in an overall composition that reflects a fusion of world, regional and local influences. The Ruins of St. Paul’s are one of the finest examples of Macao’s outstanding universal value. Close by, the archaeological remains of the old College of St. Paul stand witness to what was the first western-style university in the Far East, with an elaborate academic programme that included Theology, Mathematics, Geography, Chinese, Portuguese, Latin, Astronomy and various other disciplines, preparing a significant number of missionaries to pursue Roman Catholic work in China, Japan and throughout the region. The missionary route...
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...Johnson & Wales University ScholarsArchive@JWU MBA Student Scholarship The Alan Shawn Feinstein Graduate School 5-10-2011 Wynn Resorts, Ltd. Myung Ji Doh Johnson & Wales University - Providence, mjd141@jwu.edu Follow this and additional works at: http://scholarsarchive.jwu.edu/mba_student Part of the Food and Beverage Management Commons, and the Gaming and Casino Operations Management Commons Repository Citation Doh, Myung Ji, "Wynn Resorts, Ltd." (2011). MBA Student Scholarship. Paper 3. http://scholarsarchive.jwu.edu/mba_student/3 This Research Paper is brought to you for free and open access by the The Alan Shawn Feinstein Graduate School at ScholarsArchive@JWU. It has been accepted for inclusion in MBA Student Scholarship by an authorized administrator of ScholarsArchive@JWU. For more information, please contact egearing@jwu.edu. Johnson & Wales University Providence, Rhode Island Feinstein Graduate School WYNN RESORTS, LIMITED A Research Project Submitted in Partial Fulfillment of the Requirements for the MBA Degree Course: HOSP6800 Hospitality and Tourism Business Policy and Strategy May 10, 2011 Wynn Resorts, Ltd. 2 I. All financial data have come from the 20 I 0 or 2009 IO-K Report of Las Vegas Sands Corp., MGM Resorts International, and Wynn Resorts, Ltd. 2. All industry standards are from personal communications with Dr. Cooper, HOSP5600. 3. All industry medians are taken from Hoovers.com and the market price...
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...Macau events affected tourism – International of city City of Macau aslo called Macao.Macau is a small city and next to Hong Kong. According to the government report estimated population of around 636,200 living in this city. It is the most densely population region in the world. Normally, there is always hold large of events in every year. Such as Macau Grand Prix, Macau food festival, and Macau international firework… etc. In this year, it is 62nd Macau Grand Prix. Macau Grand Prix is one of the international competitions. The event holds in Macau every year. This competition could attractive of many contestants joined it. They are come from different of country. They usually call the event is street circuit racing event. The contestants will choose car and motorcycle to compete this. Every year hundreds of contestants joined in different games, like motor-racing, touring cars and motorbikes. Even this competition is very dangerous if have accident. Since 1954, this competition had a lot of contestants come to competitive in Macau. Although they come from different countries and they are wonderful contestant in the world. They had a lot of competitive experience and around the world with Grand Prix. Every year in November one of the highlights of the race weekend is the Macau Formula Three Grand Prix. The winner being obtained the FIA Formula 3 intercontinental Cup. While the race is very famous and the most one of top race. Macau government holds Macau Grand Prix in Macau...
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...Macau destination report 1. Introduction Macau is a developed traditional holiday destination, a legitimacy gambling tourism destination. It is a special Administrative Region of China, and located on the Southeast coast of China to the western bank of the Pearl River Delta. The area of 27.5 sq. km, population in Macau about 95% are Chinese, the remaining 5% includes Portuguese, Europeans and other regions. Chinese and Portuguese are the official languages, Cantonese being most widely spoken. The official languages are used in government departments in all official documents and communications. English is generally used in trade, tourism and commerce. Base on the destination life cycle, Macau is between Maturity and Saturation stage. Macau is well developed, visitors are still willing visit Macau, some are visit Macau frequently. However, some demand is decreased, like hotel, it is starting saturation. Ranking According to UNWTO, Macau ranks the 20th position in terms of the World’s international tourist arrivals and ranks the 5th position in Asia and the Pacific region in 2010. Also, in terms of international tourism receipt, Macau ranks the 11th position among other destinations in the world and ranks the 3rd position in Asia and the Pacific Region in 2009. 2. Comprehensive Inventory and Audit 2.1 The profile of visit and visitors Till to June 2015, the overnight visitors in Macau is around 1,000,000; the main visitors are from Mainland China, over 700,000 (63.8%)...
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...(FCPA) make it an offence to bribe foreign officials. Under the Bribery Act a “foreign public official “ is defined more narrowly than under the FCPA but sill includes (1) anyone who holds a foreign legislative or judicial position; (2) individuals who exercise a public function for a foreign country, territory, public agency or public enterprise o; or (3) any official or agent of a public organization. On the other hand, the Hong Kong Bribery Law does not specifically cover the foreign bribes, which results in the controversial judgment on the case HKSAR v. Krieger . In this case, the defendants, the officers of a Hong Kong subsidiary of the Swire Group of Companies were accused of conspiring with a Macau businessman to offer advantages, namely an amount of 29 million MOP (Macau currency) to an agent, the Secretary for Transport and Public Works of the Macao SAR Government, for the award and renewal of public cleaning contracts, contrary to section 9(2)(a) of the Prevention of Bribery Ordinance Cap. 201 (POBO) and section 159A of the Crimes Ordinance, Cap. 200. However, the court stated that the offer was treated...
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...History 100 Uncertain Have you ever experience living under colonization? As the matter of fact, Macao, where I was born and raised at was colonized by Portugal from the mid 16th century until year of 1999. On December 20, 1999, Macao was transferred back to China, and that’s where the uncertain began. Since the past experience that I had with living in a colony, and the supporting source that I found from the book The Jesuit Relation written by Allan Greer, I think the native agency was very uncertain about the European colonization. Under my definition, agency means an organization with a group of people who are trying to protect or taking care of the same goal. In the situation of European colonization, New France was the native agency, they are trying to protect their own from France since they are not sure what was going to happen to them after they secured. Instead of secured to France, they created their own agency, “they established a place for themselves in the existing native alliance system.” (94) For the native people, one of the reasons they are resisting to obey is due to the fear of uncertainty. From the peace negotiation at three rivers, the author noted that Sieur de Chamflour said to the ambassadors once “they should consider themselves at home here among us, that they had nothing to fear, that they were in their own house.” (97) By the way Sieur de Chamflour said, he was trying to convince the ambassadors that they had nothing to fear; but obviously...
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...Lord Stow’s Bakery A Case Analysis May 5, 2012 ATENEO GRADUATE SCHOOL OF BUSINESS Submitted by: Ryan Buenafe Sonny Carlos Melissa San Juan CASE BACKGROUND AND SYNTHESIS An English man named Andrew Stow and his wife opened the Lord Stow’s Bakery in the 1980s in Coloane Village in Macau. It was a modest small village shop wherein the pastries are supposed to catering hotels in Macau however neighbours insist to buy the good smelling goodies baked in the store. Lord Stow’s Bakery suddenly became famous for one item – Andrew’s egg tart. Macanesians and tourist alike won’t mind going to Coloane just to get a taste of the egg tart and bring some home for their family and friends. The bakery became Macau’s tourist attraction and even can be considered as the country’s trademark. As for Lord Stow’s, the egg tart sales comprise about 60% of the bakery’s revenue. Lord Stow’s business philosophy is to ensure that his produce is always fresh, healthy, natural, and of the highest possible quality. He refused to allow his range to include additives and preservatives which is common to other bakeries. Although reluctant to go international, there were a lot of offers to franchise from people around the globe. The first franchise store opens in Mongkok, Hong Kong in 1997, in Taiwan in 1998, Japan in 1999 and also in the Philippines later that year. Thailand in 2000, South Korea in 2001. There were a lot of hesitations as there were a lot of copy cats of the egg tarts...
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...Recently, there are two main issues that are affecting Armani, one is an global issue and the another one is in Hong Kong. "The impact of the Hong Kong protests for luxury goods has been that they have created a climate in which Mainland Chinese nationals feel uncomfortable, and as such curtail or cancel their travel to Hong Kong," Bernstein Research said. Hong Kong Protest, also called the Umbrella Movement or Umbrella Revolution began in September 2014 when activists in Hong Kong protested outside the Hong Kong Government headquarters and occupied several major city intersections after China's Standing Committee of the National People's Congress (NPCSC) announced its decision on proposed electoral reform. The occupied area are primarily the shopping center in Hong Kong, such as Tsim Sha Tsiu, Mong Kok, Causeway Bay, Admiraty, etc. Protests in Hong Kong could hit the sales of luxury goods makers as Mainland Chinese tourists shun the region and buy their expensive items elsewhere, analysts warned. During this period, the stores round the occupied areas close irregularly. As Armani have stores in those three areas, therefore Armani also affected by this issue. However, big discounts on products such as watches and handbags had typically attracted Mainland Chinese visitors to spend on luxury in Hong Kong, where they make up 70 percent of purchases. But disruption from the protests has exacerbated a long-term trend of declining Chinese visitors to Hong Kong which will...
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...facility contributing a potential net worth of more than HK$80 billion dollars a year with its working capacity to serve 50.9 million passengers with 4.1 million tons of cargo per day according to the Airport authority financial report (2012, p.4), has gained a well-known reputation over the globe. The expansion of the Airport is recently proposed as a must because of the ever-increasing popularity and frequent flows of passengers. However, such a large-scale construction is never a simple calculation with simply subtracting construction costs from the projected revenues. We should take environmental and social costs into account. There is indeed another ideal solution, which costs us less in sacrificing various aspects- the cooperation with Macau government. To open up another runway or cooperate with our long-lasting partner is the critical issue that I am going to discuss respective pros and cons attached. With strong emphasis on the correlation between the expansion of the Airport and Hong Kong economic development by the supporters, it appears that constructing the third runway has no ground to object. The lecture held by Mr. Howard Eng Kiu-chor, the Executive Director of the Airport Operation further convinced Hong Kong citizens to vote for the project by putting up forecasted data. An economic man would support this project in any sense with the foreseeable figures of tremendous income. But, what if we are not economic men but merely a resident concerned? After an in-depth...
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...really felt uncomfortable the way they were treated, in a section that they are aware of, or a section that they know it will be over however with people of colors, there is always the possibly for them to encounter racism in the daily basis yet not having the choice of “walking out of the classroom”. I would be devastated if I was the receiving end of that. Yet until now the problem of racism still exists, not just conflicts with white vs black, but all other races as well. It really is something hard to erase, since racism was something that have existed for years. Being Chinese and Portuguese mixed can sometime be very upsetting. Chinese people won’t see myself as full Chinese, and thinks I’m an outsider when I’m in my Hometown; Macau. And on the other side of the planet in Portugal; Portuguese people see me as tourist, Asian, everything but Portuguese, and they will not accept me as Portuguese like them. It is indeed a very frustrating feeling, seeing as an outsider in my own hometown, or discriminated or looked differently in the country that represents my nationality. There’s is no way for us to stop racism entirely. But even we can’t achieve that, there are lots of ways we can do to prevent such issue to happen. We should stop being judgmental and really stop looking at people the way we want them to be seen. “There is more than meets the...
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... * The 29th Macao International Music Festival ticket sales reached 90% which means the participation of Macau citizens is high, do you know much things about the event? * 這表示今年市民對MIMF的參與度很高，請問你對今年MIMF的活動了解嗎？ * 你對文化局的方便程度你會給多少分？ （包括：服務時間，服務地點，聯絡方法） How would you grade the convenience of Macau Cultural institution provides? (include: Office hours, office location and contact) * 你對文化局的環境設備你會給多少分？ （包括：舒適程度，設施配置） What would you grade the environmental facilities of Macau Cultural institution? (include: Comfortability, facilities setting * 你對上一屆的澳門拉丁城區幻彩大巡遊的交通處理安排的滿意程度是多少？ During The “Parade through Macao, Latin City, how did you feel about the traffic arrangement? * 這幾年文化局一直在推廣藝術，文化等活動，你覺得成效如何？ In recent year, Macau Cultural institution has been promoting art and cultural, what do you think about the effect? * 你對文化局在澳門文化遺產保護方面的滿意程度是多少？ * How would you grade the protection to the historical heritage which the Macau Cultural institution has provided? * 2015年初，特區政府提出將活化前愛都酒店，以作為牽頭帶動周邊區域形成一集文教、藝術等。你對這件事的看法是？ 愛都酒店： Hotel Estoril e Piscina Municipal In the beginning of 2015, Macau SAR suggest to make use of the building of the Hotel Estoril e Piscina Municipal in order to establish the neighborhood with art and cultural elements. What’s your own opinion of this movement? * 你覺得文化局可以增加什麼活動來培養市民對藝術的興趣？ In your opinion, what can Macau Cultural Institution do to inspire the citizens to have the interest of...
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...Macau Economy Macau’s booming tourism and casino industry has been inviting foreign investments which have helped it in becoming one of the renowned gaming centers of the world. In 2006, the revenue earned from gaming in Macau surpassed that of Las Vegas, and all taxes associated with gaming amounted to almost 75% of government revenue. The relaxation of travel restrictions coupled with the growth in the gaming segment resulted in nearly 27 million travelers visiting China in 2007, an increase of almost 62% over the preceding three years. Macau’s traditional textile industry has gradually shifted base to China due to termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) signed between Macau and China allows tariff free movement of goods from Macau to mainland China. Pataca, the currency of Macau is closely connected with Hong Kong dollar and is freely accepted in Honk Kong. Economic activities of Macau Services activities dominated by tourism and gambling contribute nearly 96% towards its GDP (gross domestic product). Wholesale and retail trade, financial services, construction, and transport and communications are the other tertiary sector activities. The industrial sector is dominated by electronics, footwear, textiles and toy manufacturing facilities. Industries or secondary economic activities constitute almost 4% of GDP. The contribution of agriculture to Macau’s economy is negligible. With only 2% of total area...
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...Historiography It is the study of the history and methodology of the discipline of history. The term historiography also denotes a body of historical work on a specialized topic. Scholars discuss historiography topically – such as the “historiography of Catholicism,” the “historiography of early Islam,” or the “historiography of China" – as well as specific approaches such as political history and social history. Beginning in the nineteenth century, at the ascent of academic history, a corpus of historiography literature developed. Furay and Salevouris (1988) define historiography as "the study of the way history has been and is written — the history of historical writing... When you study 'historiography' you do not study the events of the past directly, but the changing interpretations of those events in the works of individual historians." Questions studied Some of the common questions of historiography are: 1. Reliability of the sources used, in terms of authorship, credibility of the author, and the authenticity or corruption of the text. (See also source criticism). 2. Historiographical tradition or framework. Every historian uses one (or more) historiographical traditions, for example Marxist, Annales School, "total history", or political history. The historiography of early Islam refers to the study of the early origins of Islam based on a critical analysis, evaluation, and examination of authentic primary source materials and the organization of these sources into...
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...() from other countries. Therefore in terms of America’s identity historically, politically, economically and socially, these should be understood differently because America was created differently. Hence why the idea of American exceptionalism’ stems from the principle of America being unique. Furthermore, In addition to this the idea that “American exceptionalism” implies superiority is a key concept to embrace and identify through out America history, contemporary politics, foreign policy and social culture. However, due to the essay title I will be analyzing and examining to what extent is “American exceptionalism’ identified as U.S superiority. Although due to the wide context of the theoretical term ‘American exceptionalism’’ and word limit. I will focus on the significant impacts that has led to the idea of ‘American exceptionalism’ to be implied as U.S superiority such as American history, foreign policy, economic and social culture. History Explaination The significant impact of America’s revolutionary history sparked an inspirational movement of independency to pervious colonized nations although on a later stages for them. This highlights America as exceptional historically in being “the first new nation” () to become independent and also being the ideology for independency for previous colonies nations. To an extent on this note “American exceptionalism” in terms of it’s revolutionary independency can be amplified as a model to other nations than...
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