In 2006 Las Vegas was eclipsed by Macau as the gaming capital of the world. Not far from Hong Kong, the former Portuguese colony of Macau attracts millions of visitors from mainland China keen to wager their bets at legal casinos. In fact, The Wall Street Journal reports that gambling revenue in Macau just hit an all-time record high- at $3 billion in the month of May. Little wonder then that casino mogul Steve Wynn has been investing heavily in his resorts there. (Wynn Macau looks hauntingly similar to its Vegas predecessor.) The latest? Wynn shelled out $12.8 million at a London auction recently for a set of four 18th-century Chinese porcelain vases that will adorn his new Cotai Resort Hotel, scheduled to open in 2015 in Macau. Bloomberg has the skinny on the vases:
The 4-foot (1.2 meter) vases, painted with Buddhist and Taoist emblems and embellished with 19th-century gilded metal mounts, were the most expensive of 50 lots at Christie’s International’s “Exceptional’’ sale in the U.K. capital. Sold by a private collector, the Jiaqing period (1796-1821) vases had formerly been in the collection of the Scottish aristocrats, the Dukes of Buccleuch, and had been estimated at 600,000 pounds to 1 million pounds.
The Venetian Macao-Resort-Hotel will play a crucial role in making Macao one of Asia's most exciting entertainment destinations and preeminent convention and exhibition venues. Large enough to hold ninety Boeing 747 jumbo jets,... more >>