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| ISSUE 96 - Apr 2012 |
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CTM’s major shareholder bullish on Macau
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Posted: 5/26/2011 1:41:42 PM
British phone group Cable & Wireless Communications, which owns 51 percent of local operator CTM, is bullish on the growth prospects for the Macau market.
Chief executive Tony Rice said Macau had been the star performer of the group as yearly revenues in the territory leapt 19 percent year-on-year in the period ended March 2011, led by a boom in the opening of casinos.
“It’s going to be bigger than Las Vegas,” said Mr Rice.
“There has been a huge increase in the number of visitors and they all need some form of telecoms capability. The iPhone is doing very well there.”
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| Other Macau Latest News |
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| MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming |
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| Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened |
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| The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix |
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| Property experts say prices in Ilha Verde area could go up 10-fold |
| Headlines |
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| The company’s president and CEO has had his contract extended until August next year |
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| Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports |
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| Less informal lending in Wenzhou may lead to VIP slowdown in Macau’s casinos, says Macquarie |
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| The casino mogul dismisses rumours about connections between Tien Chiao and any government officials |
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| US |
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| DJIA |
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| Nasdaq |
2,874.04 |
0.00 |
| S&P 500 |
1,324.80 |
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+75.42 |
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4,157.40 |
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| 2012-5-17 |  | | 24°C ~ 30°C |
| | 2012-5-18 | | | 24°C ~ 30°C |
| | 2012-5-19 | | | 24°C ~ 30°C |
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[...] Macau Business [...]
Pingback by CTM’s major shareholder bullish on Macau – Macau Business | US News — May 26, 2011 @ 1:58 pm