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  • Insight: Despite curbs, China's vast hot money triangle flourishes

  • Shoppers walk past small shops at an underground mall in ZhuhaiBy James Pomfret and Matthew Miller ZHUHAI, China/HONG KONG (Reuters) - In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling hub. "Good rates. Better than the banks," shout salespeople jostling to usher clients into shops where thick wads of Chinese 100 yuan ($16.31) and HK$1,000 ($130) bank notes change hands and shuffle noisily through electronic cash-counting machines. ...



  • Jury reaches verdict in Las Vegas Sands case

  • FILE - This Aug. 28, 2007 file photo shows the Venetian Macao Resort Hotel in Macau. Las Vegas Sands Corp., the U.S. gambling company controlled by billionaire Sheldon Adelson, which owned the Venetian resort, is being sued for $328 million over the way it won a lucrative gaming license in the Asian casino hub. Nine years of litigation between a Hong Kong businessman and casino mogul Adelson is drawing to a close. Attorneys began closing arguments Thursday in the dispute between Las Vegas Sands and a fixer who says he helped the casino giant win a license in the Chinese gambling enclave of Macau. (AP Photo/Kin Cheung, File)LAS VEGAS (AP) — A Las Vegas jury has reached a verdict in a Hong Kong businessman's breach-of-contract lawsuit against the Las Vegas Sands, potentially bringing nine years of litigation to an end.



  • Jury begins deliberation in Las Vegas Sands case

  • FILE - This Aug. 28, 2007 file photo shows the Venetian Macao Resort Hotel in Macau. Las Vegas Sands Corp., the U.S. gambling company controlled by billionaire Sheldon Adelson, which owned the Venetian resort, is being sued for $328 million over the way it won a lucrative gaming license in the Asian casino hub. Nine years of litigation between a Hong Kong businessman and casino mogul Adelson is drawing to a close. Attorneys began closing arguments Thursday in the dispute between Las Vegas Sands and a fixer who says he helped the casino giant win a license in the Chinese gambling enclave of Macau. (AP Photo/Kin Cheung, File)LAS VEGAS (AP) — Jurors began deliberations in a nine-year-old breach of contract case against casino giant Las Vegas Sands Friday after hearing conflicting stories from lawyers about the role a Hong Kong businessman played in helping Sands enter the Chinese gambling enclave of Macau.



  • Macau boosts Las Vegas Sands profit

  • Casino operator Las Vegas Sands reports a jump in first quarter profit, boosted by a strong performance of its casino operations in Macau.
  • Gamblers not so anonymous: Beijing keeps closer eye on Macau

  • File photo of Li Gang holding a news conference in Hong KongBy Farah Master MACAU (Reuters) - With little fanfare, China is sending an official with a 'tough cop' reputation to be its top man in Macau, the world's biggest gambling hub, as Beijing puts tackling corruption center stage. Li Gang, a veteran of handling contentious issues in Hong Kong, is slated to this year take control of China's liaison office in the former Portuguese colony - which like Hong Kong is a special administrative region under China's 'one country, two systems' principle. ...



  • Professor Petraeus?

  • David Petraeus, who resigned as director of the Central Intelligence Agency after the revelation of an extramarital affair, has been named a visiting professor at Macaulay Honors College at the City University of New York, the school's chancellor said Tuesday.
  • Former CIA director David Petraeus to teach at CUNY

  • Former CIA director and retired general David Petraeus serves as the keynote speaker at the University of Southern California annual dinner for veterans and ROTC students, in Los Angeles(Reuters) - David Petraeus, who resigned his post as CIA director amid revelations of an extra-marital affair with his biographer, will join City University of New York as a visiting professor, the school said on Tuesday. His new appointment will begin in August at CUNY's Macaulay Honors College. Before joining the CIA, Petraeus was a four-star general who commanded U.S. forces during troop surges in Iraq and Afghanistan, and he is credited with helping to pull Iraq from the brink of all-out civil war. ...



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