The new Grand Lisboa Macau Casino Hotel opened to the public on Feb. 11, 2007 still under the ownership of Macau casino hotel mogul, Dr. Stanley Ho.
The Grand Lisboa is Macau’s tallest building with 52 storeys, after the Macau Tower, and in phase two, it will open a 430 room hotel.
“Grand Lisboa will offer our guests a truly memorable and unique experience. Stylistically, a daring and contemporary entertainment attraction, it remains true to our history and heritage within the Macau market, while reflecting the progressive direction of the organisation,” explains Dr. Ho, who is also the Managing Director of Sociedade de Jogos de Macau.
On Friday, February 16, Dr. Ho hosted the official opening ceremony for the Grand Lisboa. The spacious, contemporary Chinese style Grand Lisboa Casino is set to become the new top attraction for Macau visitors and residents alike with its bold, elegant architectural design and rich array of entertainment facilities.
Featuring nine floors of leisure Togel Singapore adventures, the Grand Lisboa offers five floors of gaming with over 240 tables where guests can enjoy a variety of games including Baccarat, Caribbean Poker, Blackjack, and Macau’s unique Fan Tan.
Furthermore, the venue will open with more than 480 slot machines located throughout the casino, and has SJM’s first virtual Sic Bo and Baccarat games. For guests looking for alternative pursuits, there is a live Sports Bar on the 2nd Floor, which offers the chance to bet on live sporting fixtures including football and horse racing, plus a stage with free live musical performances throughout the day.
Neteller Cuts 250 Jobs
Neteller, the leading global independent online money transfer business, has cut 250 jobs with regard to its principal operations in Calgary, Canada and the UK.
As a result of the group’s voluntary withdrawal from the US market, the Group has substantially completed the necessary reorganisation and restructuring of its operations to reduce its headcount and align related costs with anticipated revenues of its worldwide business.
This rationalisation programme has focused on the Group’s Calgary-based operations where the principal teams serving the US market were employed. As previously highlighted, transfer volumes and customer enquiries through the Group’s contact centres have decreased substantially since the Group ceased processing transfers for US residents.
Staff reductions will total around 220 employees, across all levels, from the Group’s contact centre and security teams, as well as related support functions in marketing, processing and IT/ product support. Approximately half of the reductions were through the Group’s voluntary redundancy programme.
In addition, as part of the rationalisation of the Group’s UK facilities, it is expected that around a further 30 redundancies will arise from the relocation of the Group’s Gatwick-based operations to Cambridge where they will share premises with the Group’s NetBanx business. This move is expected to be completed by the end of March 2007.
Following these staff reductions, the Group will employ approximately 425 staff across its European, Americas and Asia Pacific operations, down from a peak of over 1,000 during 2006. A further part of the Group’s rationalisation programme will include a review of the Group’s property requirements and may include a sale or partial lease of certain of the Group’s Calgary-located facilities.
As stated in our trading update of 18 January 2007, the total cash costs associated with staff restructuring are expected to be in the region of US$ 1.1 million in 2006 and a further US$ 3.7 million in 2007.