Shangri-La Asia has become the latest top-tier hotelier to bet on Macau's burgeoning tourism and hospitality sector. Chief executive and managing director Giovanni Angelini, reporting a 24.5 per cent jump in interim profit to US$60.55 million, said talks were under way on management contracts for two luxury hotels to be built in the former Portuguese enclave. Mr Angelini said Shangri-La aimed to manage two hotels in Macau with a total of 1,500 rooms. 'There are a number of conversations taking place,' he said. 'We are negotiating purely on management contracts and won't run casinos.' Shangri-La expects the strength in global business and leisure travel will gain momentum in the peak season in the latter half of the year. Shangri-La's net profit in the first half was trimmed by US$26.5 million as a result of new accounting rules.