Briefs, December 4, 2012

Ricacorp Properties expects 8,800 new flats to be completed this year, about 74 per cent of the government's target of 11,888. Its estimate came after the Building Department issued three occupation permits in October, covering 717 completed units. For the year's first 10 months, 6,845 units were finished, Ricacorp said. Sandy Li

Gambling revenue in Macau rose 7.9 per cent from a year earlier to 24.88 billion patacas last month, boosted by strong spending from the mainland's middle class, who continue to flock across the border. Annual revenue is expected to reach US$38 billion, more than six times that of Las Vegas. Reuters