Manny Pacquiao v Brandon Rios: Macau is Sin City of the East – but without the sin

Macau’s tourist board has been going to great lengths in recent years to try and show the town is more than simply the Las Vegas of the east.

Sky 32 sits on the 32nd floor of the Galaxy casino in Macau

Macau raises the stakes: The exclusive Galaxy Sky 32 casino is only for gamblers who risk £1 million

Like a bet? Got a spare £1.07million? Well the Sky 32 venue is for you.

Happy new year: Chinese territories including Hong Kong are in a celebratory mood

Something to declare: It's boom time for Macau – thanks to a roll of the dice

Why do some colonial experiences leave lasting prosperity while others leave stagnation or worse? Today's Chinese New Year celebrations are a good time to reflect on the experience of one of the world's most boisterous economies – a land where increased domestic and international tourism reflects such prosperity.

CWC in talks to sell off Macau stake

Cable & Wireless Communications yesterday said it is in talks to sell its stake in its Macau operation in a deal which could raise £400m.

Spotlight On... Steve Wynn, founder, Wynn Resorts

The King of Vegas?

CWC pays price of poor Panama progress

Cable & Wireless Communications (CWC) shares yesterday tumbled more than 16 per cent after the emerging-markets telecoms firm warned that its business in Panama "has not progressed as planned".

Archie Bland: The elder Kim who chose lifestyle over compromise

The urge to hold power is so incomprehensible to those of us who aren't possessed of it. I'm always at a loss as to why the likes of Mubarak and Gaddafi didn't just cash in their chips and head off for the luxury villas that surely could have been theirs; the only explanation can be that if you're the sort of person who wants to be in charge of things, that need never leaves you, and the more human concerns that would come first for the rest of us simply don't figure. And so they choose dismal, humiliating incarceration or death over a cheery teatime pina colada. Like I said: incomprehensible.

'Street traders, Macau' by George Chinnery (1774-1852)

George Chinnery - an Indian Summer

To us, the empire may have been about power, commerce and occupation. To many British people at the time it was more a matter of escape – from poverty, family or creditors. For the artist George Chinnery, it seems to have been a combination of all three.

Gambling revenues to soar to $183bn by 2015

Britain was one of the few growth markets for casinos and online gambling in 2010, driven by the popularity of gaming machines, although the global industry is set to rocket by almost 10 per cent a year, figures suggest.

MoneySwap hedges bets on Macau casino tie-up

Another week, another listing on the Alternative Investment Market (Aim). This time it is the Hong Kong-based MoneySwap, which is preparing for its admission this Wednesday. The online money-exchange platform, which allows businesses and individuals to use the Swift banking system to transfer funds across different regions, is raising just over £3m with the listing, which is expected to value the firm at about £20m.

Small Talk: Axis-Shield stands firm in the face of £230m Alere bid

Axis-Shield is not for turning. At least not yet. Last week, the medical diagnostics company, which makes machines to test for conditions such as diabetes, published details of why it had said no to an offer from its American rival Alere Inc.

Las Vegas tycoon hits an ever bigger jackpot in Macau casino boom

Lady Luck has always had a soft spot for Macau. The former Portuguese colony is the only place on Chinese soil where gambling is legal, and the industry's leading lights in the once-sleepy enclave are making even more money than they do in Las Vegas.

Lady Luck is just an illusion. So why are we so much in thrall to her?

We all cheered when Steve Whiteley won £1m-plus for a £2 stake last week. Tim Lott investigates a nation's often jubilant obsesssion with probability

CWC Caribbean end still in the doldrums

Cable & Wireless Communications said yesterday its Caribbean operations were suffering amid continuing economic woes, but it still expected broadly to meet forecasts for the year.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
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War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003
Barbara Woodward: Britain's first female ambassador to China intends to forge strong links with the growing economic superpower

Our woman in Beijing builds a new relationship

Britain's first female ambassador to China intends to forge strong links with growing economic power
Courage is rare. True humility is even rarer. But the only British soldier to be awarded the Victoria Cross in Afghanistan has both

Courage is rare. True humility is even rarer

Beware of imitations, but the words of the soldier awarded the Victoria Cross were the real thing, says DJ Taylor
Alexander McQueen: The catwalk was a stage for the designer's astonishing and troubling vision

Alexander McQueen's astonishing vision

Ahead of a major retrospective, Alexander Fury talks to the collaborators who helped create the late designer's notorious spectacle
New BBC series savours half a century of food in Britain, from Vesta curries to nouvelle cuisine

Dinner through the decades

A new BBC series challenged Brandon Robshaw and his family to eat their way from the 1950s to the 1990s
Philippa Perry interview: The psychotherapist on McDonald's, fancy specs and meeting Grayson Perry on an evening course

Philippa Perry interview

The psychotherapist on McDonald's, fancy specs and meeting Grayson Perry on an evening course
Bill Granger recipes: Our chef recreates the exoticism of the Indonesian stir-fry

Bill Granger's Indonesian stir-fry recipes

Our chef was inspired by the south-east Asian cuisine he encountered as a teenager
Chelsea vs Tottenham: Harry Kane was at Wembley to see Spurs beat the Blues and win the Capital One Cup - now he's their great hope

Harry Kane interview

The striker was at Wembley to see Spurs beat the Blues and win the Capital One Cup - now he's their great hope
The Last Word: For the good of the game: why on earth don’t we leave Fifa?

Michael Calvin's Last Word

For the good of the game: why on earth don’t we leave Fifa?
HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?