Talk of the day
By TIMES WIRES
Published September 6, 2006
Wynn opens next gamble: resort in China
Thousands of gamblers crowded into American billionaire Stephen Wynn's new $1.2-billion casino resort today in Macau, the Chinese territory that may soon unseat the Las Vegas Strip as the world's gambling capital. Fireworks showered the Wynn Macau with sparks just before its midnight opening. Macau - off the southeastern Chinese coast - is the only place in China that allows casino gambling. The tiny territory - less than one-sixth the size of Washington, D.C. - was a Portuguese enclave until it was handed back to China in 1999. Wynn, 65, was one of two Las Vegas gaming tycoons who were allowed to open casinos here after the government in 2002 broke up a monopoly controlled by local mogul Stanley Ho for 40 years. Ho's casinos were smoky, dingy venues - far from the glitz and sparkle of Las Vegas.
HARLEY TO MAKE A TRIKE: Harley-Davidson thinks its riders are ready for a three-wheeled hog. The iconic motorcyclemaker said it will begin making three-wheeled motorcycles, also called trikes, in partnership with Leh- man Trikes U.S.A.
NEWSWEEK GETS NEW EDITOR: Jon Meacham, 37, who has risen rapidly at Newsweek magazine, was named editor of the newsweekly Tuesday, replacing Mark Whitaker. Whitaker, 48, will assume a new role overseeing the development of Web sites at the Washington Post Co., Newsweek's parent.
BAZOOKA GUM SURVIVES: In a bid to resolve a sticky mess, a judge has decided that an Argentine company can continue making its sweet-tasting Bazooka gum though its relationship with the Topps Co. that made the brand famous has long since soured. When Topps allowed Productos Stani Sociedad Anonima Industrial Y Commercial to buy the Argentine rights to trademarks including Bazooka and Topps, it also allowed the company to continue using its secret chewing gum formulas after the various contracts expired in 1996. Topps had argued in 1999 that Productos Stani had the rights only to the names, not to the technology.
[Last modified September 5, 2006, 23:31:00]
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