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Top Casino Executives In Short Supply, Says Skycity Entertainment Boss Nigel Morrison

Atlantic City casino win down 4.6 percent in Jan.

Finally, Mr Redmond's departure also leaves a spare spot on Echo's board. Mr Morrison, who manages casinos in Adelaide, Darwin and New Zealand, said Asian casino hubs were draining the pool of talented casino executives in Australasia. "It is competitive," he said. "To be honest with you very good people are relatively scarce in this part of the world here today." About seven years ago there was a flood of local talent to Macau, and then Singapore, as the two fast-growing gambling centres gained prominence, Mr Morrison said.
For the original version including any supplementary images or video, visit http://www.smh.com.au/business/top-casino-executives-in-short-supply-says-skycity-entertainment-boss-nigel-morrison-20140216-32ts4.html

Stanley Ho's SJM makes fresh start with new Macau casino

Macau tycoon Stanley Ho (L), accompanied by his daughter Pansy, shakes hands with Hong Kong tycoon Li Ka-shing (R) during the centenary ceremony of the University of Hong Kong August 18, 2011. REUTERS/Bobby Yip SJM responded by allocating 90 percent of its new 70,000 square meter (753,500 square feet) resort to non-gaming facilities including a wedding pavilion and multi-purpose theatre. Design renderings of the resort depict an ivory-colored facade modeled on the palace of Versailles, Chinese motifs such as imperial gardens of the Summer Palace, and cultural relics from the 16th and 17th centuries. The 2000-room Lisboa Palace also includes a 270-room, six-star hotel by Italian fashion house Versace. "We are mindful this is a new area we have come into, in which we compete with the other operators in Cotai," Ambrose So, the 39-year veteran and chief executive of SJM, told Reuters in an interview in the company's minimalist offices above the garishly adorned Casino Lisboa.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2014/02/14/us-sjm-macau-idUSBREA1D05Y20140214?feedType=RSS

"These results also once again demonstrate online gaming's potential to expand our business," he said. "About 85 percent of our online players have not had rated play at Borgata in at least two years, showing there is little overlap with our land-based business. Online gaming is growing our database, creating a long-term opportunity to market Borgata to an entirely new group of customers." The Borgata has 41 percent of New Jersey's online market, but Caesars Interactive drew much closer to Borgata in January, increasing its online revenue by 49 percent. "It was a very strong month for us," said Seth Palansky, a spokesman for Caesars Interactive.
For the original version including any supplementary images or video, visit http://www.businessweek.com/ap/2014-02-13/atlantic-city-casino-win-down-4-dot-6-percent-in-jan

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