Retail receipts exceed US$4.9b in 2008
11/12/2009 11:33:42 AM
Macau's wholesale and retail sector total receipts rose 19 percent year-on-year in 2008 to MOP38.37 billion (US$4.9 billion). |
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Galaxy seeks HK$14.1 billion kick-start Cotai complex
11/11/2009 6:44:59 PM
Galaxy Entertainment Group Limited (SEHK:0027) hopes to raise between HK$8 billion and HK$9 billion to complete the first phase of it's HK$14.1 billion Cotai complex, which is due to open in early 2011. |
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Galaxy growth continues
11/11/2009 6:42:18 PM
Galaxy Entertainment Group Limited (SEHK:0027) has announced it's fourth consecutive quarter of EBITDA growth (earnings before interest, taxation, depreciation, amortisation and non-recurring items). Revealing it's third-quarter results today, the company reported a balance sheet with HK$3.8 billion in cash. |
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Galaxy Macau to open in 2011
11/11/2009 2:59:58 PM
Galaxy Macau on the Cotai Strip is scheduled to open in the first quarter of 2011 after a year-long delay. |
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Forbes travel high-five forMacau and Hong Kong
11/11/2009 2:57:57 PM
Macau and Hong Kong have scooped five top awards in the 2010 Forbes Travel Guide. |
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Manufacturing sector shrinks in 2008
11/11/2009 2:54:47 PM
Macau's manufacturing sector recorded a year-on-year decrease due to shrinking domestic exports. |
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Sands China IPO aims to raise US$3.4 billion
11/10/2009 10:33:58 AM
Sands China Ltd, the Macau unit of US based Las Vegas Sands, plans to raise as much as US$3.4 billion (MOP27 billion) in a Hong Kong share sale. |
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Population continues to shrink
11/10/2009 10:31:50 AM
Macaus population continued to decrease in the third quarter of this year, dropping by 3,000 to 541,200. |
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MGM Mirage posts Q3 losses
11/6/2009 4:16:58 PM
MGM Mirage posted a third-quarter loss as consumers spent less at its Las Vegas resorts and it wrote down the value of its latest casino project. Results in Macau were more encouraging. |
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A city on the up
11/5/2009 7:29:06 PM
After some depressing first and second quarter results, and a recovery on the third, the latest Macau Business Quality of Life survey paints an altogether rosier picture of the city. The study was out today. |
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Confidence low on home loans: MB online poll
11/5/2009 4:20:29 PM
The majority of the voters in a macaubusiness.com poll – 41.2 percent – think the governments financial support for home loans will only help increase the debt levels of local families. |
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Airport passenger and cargo take a nose-dive
11/5/2009 12:42:10 PM
Commercial flight movements at the Macau International Airport decreased by 23 percent year-on-year to just 27,813 in the first nine months of 2009. |
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Jackpot October could herald record year
11/4/2009 2:49:40 PM
Macaus casinos hit another record in October, cashing in MOP12.6 billion (US$1.58 billion) in gross receipts, according to provisional figures. |
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LVS aims for US$2.5 bn in IPO
11/3/2009 4:39:00 PM
Las Vegas Sands Corp is looking to raise about US$2.5 billion through its Hong Kong initial public offering (IPO).
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Trade deficit up3.9 percent
11/3/2009 4:32:10 PM
Macau's trade deficit increased 3.9 percent in the first nine months of 2009 over the same period last year to MOP 20.67 billion (US$2.6 billion). |
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New Cotai hit back in Macau Studio City row
11/3/2009 4:30:10 PM
New Cotai LCC says it is '''disappointed'' that its partner East Asia has begun proceedings against them for compensation over alleged breaches of a sale and purchase agreement in relation to the Macau Studio City project. |
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LVS reports wider 3Q net losses
10/30/2009 1:10:56 PM
Las Vegas Sands Corp has reported a wider third-quarter net loss but said business may have bottomed in Las Vegas and shares rose more than nine percent.
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Domestic loans grow
10/30/2009 1:09:27 PM
Macau's domestic loans to the private sector reached MOP95.3 billion (US$12 billion) in August 2009, growing 2 percent over the previous month. |
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Spat splits Macau Studio City partners
10/30/2009 1:07:50 PM
New disagreements between investors in Macau Studio City are keeping the mega project on the ground. |
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Foreign exchange reserves reach MOP142.2b
10/30/2009 1:05:59 PM
Macaus foreign exchange reserves amounted to MOP142.2 billion (US$17.82 billion) at the end of September 2009 – 30 times the currency in circulation at end-August 2009. |
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Cash boost for SMEs
10/30/2009 12:30:32 PM
More than 4,000 small and medium enterprises (SME) have benefited from government support that has handed out more than MOP1.1 billion since 2003. |
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Wynn still hopeful on 2009 results
10/30/2009 12:28:16 PM
Wynn Resorts chief Stephen Wynn still hopes to close 2009 with better results than last year, despite a 33 percent drop in profits in the third quarter. |
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Morocco' s king denies investment in Macau
10/30/2009 12:24:03 PM
Morocco's King Mohammed VI is said to be among a group of 20 investors embroiled in a bitter financial restructuring of the casino and hotel firm Macau Legend but Siger, which manages the Moroccan royal familys wealth, reacted to the news. |
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July- September unemployment rate down
10/30/2009 12:20:04 PM
Macau's unemployment rate stood at 3.7 percent in the July to September period, down 0.1 percentage points from the three months ended August. |
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Pearl River Delta bridge gets Beijing nod
10/30/2009 12:17:57 PM
China has approved a feasibility report on the construction of the bridge linking Zhuhai to Hong Kong and Macau, a move widely expected to improve economic efficiency in the Pearl River Delta. |
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