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Virgin Group in talks over Macau casino

29 Jan 2007

SYDNEY, Australia – As reported by Reuters: "Richard Branson's Virgin Group is in talks with Australian wagering firm Tabcorp Holdings Ltd. (TAH.AX) and other firms on developing a 1.5 billion pound casino in Macau, sources familiar with the matter said Monday.

"The British billionaire, whose business empire ranges from airlines to music, visited Macau last week along with Tabcorp boss Matthew Slatter to look at potential sites and partners for a casino and resort development, the sources said.

"…Tabcorp was one of several potential partners talking to Virgin but was expected to have a major role in developing and operating the casino in Macau, a former Portuguese territory in southern China already home to a large gambling industry, one source said…"

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