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World News
•  SKorea says NKorea fires 3 missiles off east coast (AP)

•  Iranian cleric: British Embassy staff to be tried (AP)

•  Honduras rejects OAS appeal to restore president (AP)

•  Marines seek to cut Afghan insurgent supply lines (AP)

•  VP Biden urges Iraqis to make political progress (AP)

•  U.S. and Russia: The Talk Starts Here (Time.com)

•  Wimbledon at mercy of Williams sisters (AFP)

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Business and Finance 

•  Medici lawyer says Kohn didn't get Madoff payments (Reuters)

•  Teck to sell 17 percent stake to China for C$1.74 billion (Reuters)

•  Earnings to set tone for stocks in week ahead (Reuters)

•  Stanford clients sue insurance broker Willis Group (Reuters)

•  Dollar status unlikely to be in G8 communique: G8 source (Reuters)

•  Earnings to set tone for stocks in week ahead (Reuters)

•  Fannie, Freddie ease terms for mortgage refinance (Reuters)

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Tourism
Although its population is primarily ethnic Chinese, Macau, because it was a Portuguese territory for so long, has a distinctly Mediterranean flavor. A languorous pace, balconied pastel buildings and open squares.

The most famous landmark is the Church of Sao Paulo. All that remains is the facade,the rest of the church was destroyed by fire in 1835, but it's worth climbing an imposing set of stairs to view the ruins up close, especially at night when you can see the lights of the city below.

China Tourism
Macao Aims to Turn a Corner in Battle With Recession
A new luxury housing project, as well as a few other positive signs, are giving this struggling gaming center hope that the good times will soon return.



Erotica Amid the Meatballs
With its busy design, facile exoticism, ultradark lighting and not-quite-Portuguese-Chinese-fusion cooking, Macao Trading Co. can make for a modestly fun night out.



Chinese Officials Gamble, and Their Luck Runs Out
Communist officials have pillaged state funds to try their luck at casinos in Macao, government prosecutors say.



Even in Macao, a Gambling Mecca, Signs of a Slowdown
As China’s growth cools, Macao’s gambling revenues are no longer growing as fast as they once were, and competition between the growing number of casinos is fierce.



China to Bar Entertainers It Deems Threat
Foreign entertainers who have taken part in activities that China deems a threat to its sovereignty will not be allowed to perform in the country.



MGM Mirage Lays Off 400 Managers
The decision will save $75 million annually and came after the company saw weakness since August at its properties.



WORLD BRIEFING | ASIA; Macao: Ex-Minister Gets 27 Years For Bribery
Ao Man-long, former transport and public works minister, becomes Macao's highest-level official ever convicted of corruption and is sentenced to 27 years in prison; was found guilty of taking tens of millions in kickbacks from developers






Americans in the Action as Macao Casinos Soar
With roaring growth expected to continue this year, Macao is poised to overtake all of Nevada as the biggest gambling territory in the world.



When 3rd Place on the Rich List Just Isn’t Enough
Casino mogul Sheldon J. Adelson may well be the richest American that most people have never heard of.



WORLD BRIEFING | ASIA; Hong Kong-Macao Hydrofoils Collide In Fog
Two high-speed hydrofoils ferrying passengers between Chinese territories of Hong Kong and Macao collide in heavy fog off Macao, seriously injuring 19 people



Newcomer to Casinos Counts on Knowing the Players
Francis Lui, deputy chairman of the Galaxy Entertainment Group, offered his views on Macao, the intensity of the Chinese gambler and why he thinks he will outsmart his more experienced rivals.



A Gambling-Fueled Boom Adds to a Church’s Bane
For the past 30 years, the number of Roman Catholics and their proportion of Macao’s population have been in steep decline, a stark contrast to the 45 percent increase in the number worldwide.



WORLD BRIEFING | ASIA; China: Tourists Riot Over Shopping Trip
Police are called in to subdue angry tourists from mainland of China who clash with tour guides in Macao; tourists were unhappy that guides took them to too many shops, when they wanted to see historical sites



Macao: MGM Venture To Open Sunday
MGM Mirage and Pansy Ho, daughter of billionaire Stanley Ho, will open their joint venture's first casino in Macao on Nov 18



WORLD BRIEFING | ASIA; Macao: Ex-Official Goes On Trial
Former Min Ao Man-long of Macao, accused of taking $100 million in kickbacks from developers, goes on trial



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Macao, Macao Current Conditions - 12:00 PM CST Jul. 4
Temperature: 84°F / 29°C | Humidity: 84% | Pressure: 29.71in / 1006hPa | Conditions: Mostly Cloudy | Wind Direction: South | Wind Speed: 9mph / 15km/h | Updated: 12:00 PM CST
Forecast for Saturday as of Jul. 4 2:00 AM CST
Thunderstorm. High:84 ° F.
Forecast for Saturday Night as of Jul. 4 2:00 AM CST
Thunderstorm. Low:80 ° F.
Forecast for Sunday as of Jul. 4 2:00 AM CST
Thunderstorm. High:82 ° F.
Forecast for Sunday Night as of Jul. 4 2:00 AM CST
Thunderstorm. Low:80 ° F.
Forecast for Monday as of Jul. 4 2:00 AM CST
Thunderstorm. High:84 ° F.
Forecast for Monday Night as of Jul. 4 2:00 AM CST
Chance of a Thunderstorm. Low:80 ° F.
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