Posted on: 8 March 2007 |
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The following abridged Macau Briefs come thanks to Destination-macau.com.
The following abridged Macau Briefs come thanks to Destination-macau.com. To access the full version of this bulletin, click here.
Genting backs out of Macau
Genting International has decided not to go forward with a proposed deal with Stanley Ho in order to salvage plans to open a Singapore casino on Sentosa, according to a Singapore Straits Times report on March 3.
In a written statement Genting International said it would sell to its sister company, Star Cruises Ltd., its stake of 25 per cent in the Macau hotel and casino project with Stanley Ho.
Heavyweights speak at investment forum
This year's 2nd Annual Macau Investment Forum organized by Institutional Investor Conferences brings real estate and gaming heavyweights together to talk about Macau's economic shift.
Lawrence Ho of Melco PBL; Ambrose Cheung of eSun Holdings; Peter Barge of Jones Lang LaSalle; Dan Tagliere of MacauLand and Sheldon Trainor of Merrill Lynch are among those invited to speak at the forum.
Soon: 15-minute ferries linking Macau and HKIA
MGTO director, Joao Manuel Costa Antunes says ferries will run every 15 minutes between the Hong Kong International Airport (HKIA) and Macau to help improve access for longhaul travellers.
Speaking at a media luncheon in Hong Kong last, Director Costa Antunes said he expects the ferry services to be up and running by the end of this year. Currently, there are only five ferry shuttle services to the Hong Kong International Airport from Macau, and just four from HKIA to Macau.
StarWorld opens door to premium club
On March 1, StarWorld opened "Jinmen", a new 'premium club' for high rollers. On the day of the opening, Dr Che-Woo Lui, Chairman of Galaxy Entertainment Group remarked: "StarWorld is proud today to launch ‘Jinmen’, initiating a new market trend as well as tapping immense opportunities in the top-tier market segment."
Located on the 5th floor of the StarWorld Hotel, Jinmen offers 18 VIP tables and 24 slots
Hot real estate in Hengqin
Hengqin Island could generate between US$23 billion and $65 billion in real estate value for the Las Vegas Sands Corp (LVS).
Speaking at the 13th Annual Bear Stearns Retail, Restaurants and Consumer Conference in New York early this month, Henry said LVS hopes to build 80 million square feet of resort-style developments, a 10-year project that still needs final approval from the China government. He said golf course residences would be "within a stone's throw or a 9-iron" of the casinos.
