Macau Publishes Draft Rules For New Casino Bidding Process

"With the economy and borders opening up, Okada Manila is expected to sustain the momentum," current management said in the statement as it held its first news conference since it took physical control of the casino on May 31.

President and head of the ruling Communist Party Xi Jinping has waged a decade-long campaign against corruption that has ensnared numerous serving and retired high-ranking officials in what some see as politically motivated prosecutions.

HONG KONG, July 5 (Reuters) - Macau's executive council on Tuesday published draft rules for a retendering of casino licences ahead of the year-end expiration of such rights granted to gaming companies in the world's biggest gambling hub.

In an announcement last year on Sun's expulsion from the party, he was accused of having displayed "extremely inflated political ambition and very poor political integrity," issuing groundless criticisms of the Party´s policies and spreading political rumors.

A video shared by TikTok user @hollyvagabond shows the swirling, poolside twister lifting up debris and pushing lounge chairs. People can be heard screaming, and several other people scramble to get out of the pool and retrieve their things.

NEW YORK, July 11 (Reuters) - The S&P 500 fell on Monday as dearth of catalysts left market participants warily embarking on a week back-end loaded with crucial economic data and the unofficial kick-off of second-quarter earnings season.

Guests enjoying the pool at the Luxor Hotel and Casino in Las Vegas on Friday afternoon were caught by surprise when a dust devil swept away their lounge chairs and belongings, leaving at least one person injured.

"There´s nervousness about earnings season and the CPI report, but I think the market has a sense as to what CPI is going to bring this week," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.

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Risk-off sentiment, further stoked by Macao's first casino shutdown in over two years to curb the spread of COVID-19, also sent the Nasdaq into negative territory, with market leading tech- and tech-adjacent megacap stocks weighing heaviest.

'The water started spinning, and when my friends and I saw that we turned and covered our heads like we would in a tornado drill and then I looked up and saw chairs flying - ran over to get our stuff all of our stuff was gone,' Darla Kersten of Illinois told Fox5. 

Later in the week a raft of economic data - including consumer prices, retail sales and factory output - should provide a glimpse of the extent to which inflation has peaked and the economy has cooled down as the Federal Reserve moves closer to next week's policy meeting, which is expected to culminate in the second straight 75 basis point interest rate hike.

Sun, who is also accused of abandoning his post amid the COVID-19 outbreak, has pleaded guilty, state broadcaster CCTV said in a report on the trial, which is being held at the Intermediate Court in the northeastern city of Changchun.

Justice Department against Las Vegas casino mogul Steve Wynn last month to compel Wynn to register as a foreign agent because of lobbying work it says he performed at the behest of the Chinese government.

A powerful dust devil brought a hot summer pool day at Luxor Resort & Casino in Las Vegas to a full stop, lifting debris and lounge chairs into the air. At least one person was injured from the blip in weather

The market currently expects that the central bank will raise the Fed funds futures rate by 75 basis points in its latest salvo against red-hot inflation, a tactic which some fear could tip an already cooling economy into recession.

The 44-hectare (108-acre) Okada Manila started operations late in 2016. With 993 suites and villas, 500 table games and 3,000 electronic gaming machines, it is the biggest of four multi-billion dollar casino-resorts operating in the capital of the Philippines, which has one of Asia's most freewheeling gaming industries.

Filipino associates of Japanese tycoon Kazuo Okada seized the $3.3 billion casino, which is held by Tiger Resort, Leisure & Entertainment, ousting its previous management with the help of private security guards and local police.

Foot traffic in June climbed 8% from a month earlier and was around 74% of its pre-pandemic level, it said in a statement, also saying that the casino planned to open more shops and add entertainment attractions.

The lawsuit says the lobbying effort was done on behalf of senior Chinese government officials, including Sun, who sought Wynn´s help in trying to get a Chinese national´s visa application denied, according to the complaint.

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