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  1. Business - Money - STOCKS

    Jump in mainland visitors boosts price of gaming stocks

    Posted Feb 15th 2013, 12:00am by PAUL SOH

    ... yesterday. Sands China ended the day up 2.16 per cent, Wynn Macau rose 2.22 per cent, Galaxy Entertainment gained 2.98 per cent, and Melco Crown Entertainment climbed 5.65 per cent. Melco Crown hit ... "disfavoured" junkets and encourage customers to shift towards "favoured" junkets. The share price of NagaCorp, which runs an integrated gaming-entertainment-hotel complex in Cambodia, bucked ...

  2. Sands opens new Macau resort, and looks to Spain

    Posted Apr 12th 2012, 12:00am

    ... Sophie Yu in Macau sophie.yu@scmp.com Casino mogul Sheldon Adelson said he planned to invest US$35 billion to build gambling resorts in Spain, after opening the US$4.4 billion Sands Cotai Central in Macau yesterday. Macau's newest addition stands opposite Adelson's The Venetian and is expected to strengthen Sands China's position on the Cotai Strip. The Cotai Central ...

  3. China's 'deep pockets' keep Macau on a roll, for now

    Posted Oct 05th 2011, 12:00am

    ... to executives at Las Vegas Sands Corp, the parent company of Sands China, on Monday at an investors' forum in Las Vegas. 'Unlike here where you think about bank financing or other alternative ... increases and five interest rate rises. Investing in junkets may indeed look attractive to cashed-up mainlanders: real interest rates on mainland bank deposits have been negative for the past 19 ...

  4. Game's up as circus spectacular ends early

    Posted Feb 12th 2012, 12:00am

    ... president Daniel Lamarre said the idea was to create 'destination shows' where tourists would visit Macau specifically for a performance, as in Las Vegas. Sands China spent more than ... to believe that Macau will ever become as diversified a tourist attraction as Vegas or even Singapore because the pent-up demand for gambling products is far too high in China,' he said. David ...

  5. Business - Companies - STOCKS

    Macau casino resort approval sparks rally in MGM China shares

    Posted Jan 10th 2013, 12:00am by Bloomberg

    ... Bloomberg Macau resort nod sparks rally in MGM China MGM China, a venture between a Pansy Ho Chiu-king and MGM Resorts International, received formal government approval to build its ... resort, the government's gazette said yesterday. The new project will give MGM China its first resort in Macau's Cotai area. The company joins other operators including Galaxy ...

  6. Flats, workers scarce as investment booms

    Posted Jul 08th 2006, 12:00am by Staff Reporter

    ... REAL ESTATE AGENTS converging on Macau are discovering that the market is even more of a roller-coaster ride than Hong Kong. Despite the allure of the investment flooding into Asia's gaming and entertainment capital, property for rent or purchase is in short supply, prices move quickly and those working in the sector have to deal with the problems of finding and retaining ...

  7. News - Hong Kong

    Under China's watch, Macau won't return to 'gangsters' paradise'

    Posted Aug 27th 2012, 09:24am

    ... China has firm control on Macau security and crimes despite recent murders, assault. Three murders, hammer-wielding heavies, and a high-profile police swoop have raised concerns ... in December. All this at a time when China's economy, the world's second-biggest, is growing more slowly- hitting gambling revenue and possibly making junket operators, who collect gambling ...

  8. Quotes of The Week

    Posted Dec 06th 2008, 12:00am by Alex Lo

    ... Right now we don't have the courage to invest in financial institutions because we don't know what problems we will put ourselves into. China Investment Corp chairman Lou Jiwei, after overseeing foreign bank investments that have lost 70 to 80 per cent of their value during the financial crisis The fan base of Guns N' Roses, an American rock band, seems not to include ...

  9. Sands China joins payout club with HK$4.67 billion maiden dividend

    Posted Feb 01st 2012, 12:00am

    ... at Galaxy Entertainment may allow that firm to follow. 'Benefiting from the robust gaming demand from mainland China, Macau's gaming operators have generated superior investment returns ... Neil Gough neil.gough@scmp.com A maiden HK$4.67 billion dividend payout by Sands China may point the way to more distributions by other cashed-up Macau casino companies, say analysts. ...

  10. Time running out for Sands' casino project

    Posted Jul 13th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Sands China, which operates four major casinos in Macau, is seeking more time to build a gaming resort in the gambling enclave. A subsidiary of Las Vegas casino operator Sands Corp, Sands China has yet to break ground on the planned project- called Parcel Three- in Cotai. The government, which granted Sands China the land for the project, set ...




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