News Summary: MGM China lands $2.5B Macau casino

My Fox Spokane Biz
News Summary: MGM China lands $2.5B Macau casino

By The Associated Press

FEELING LUCKY: The Chinese arm of MGM Resorts International signed a deal for a new $2.5 billion casino resort in Macau, the world's biggest gambling market.

IN THE CHIPS: The company plans to build a casino resort that will include a five-star 1,600-room hotel, 500 gambling tables and 2,500 slot machines, MGM China said in a statement.

JACKPOT: Macau's casino revenues have rocketed since it opened gambling to foreign operators about a decade ago. The former Portuguese colony raked in $33.5 billion in gambling revenue last year, over five times the amount earned on the Las Vegas Strip.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most Popular Stories

UPDATE: Wrong-Way Crash On Hwy. 195 At Cheney Spokane Rd.

UPDATE: Wrong-Way Crash On Hwy. 195 At Cheney Spokane Rd.
UPDATE: The female driver has been identified as Jennifer A. Schmidt of Spokane Valley. The male driver has been identified as Sean D. Moss. Both Schmidt and Moss were life-flighted by Medstar to Sacred Heart. The State Patrol says both vehicles were totaled and both drivers were wearing seatbelts

NASA picks 8 new astronauts, 4 of them women

NASA picks 8 new astronauts, 4 of them women
By MARCIA DUNNAP Aerospace Writer CAPE CANAVERAL, Fla. (AP) - NASA has eight new astronauts - its first new batch in four years. Among the lucky candidates: the first female fighter pilot to become an astronaut in nearly two decades. A female helicopter pilot also is in the group. In fact, four of

FIRST ON KHQ.COM: Spokane Valley Homeowner Catches Would Be Burglar; Holds Suspect At Gunpoint Until Authorities Arrive

FIRST ON KHQ.COM: Spokane Valley Homeowner Catches Would Be Burglar; Holds Suspect At Gunpoint Until Authorities Arrive
PRESS RELEASE FROM THE SPOKANE VALLEY POLICE DEPT: On Tuesday, June 18, 2013, at 9:15 a.m., Spokane Valley Sheriff's Deputies responded to a person with a weapon call near the area of 13600 E. 20th Ave. Deputies arrived on scene and found the victim homeowner detaining the suspect, later