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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

No drama

Issue 25 (5/2006)
Posted: 2/25/2010 6:06:07 PM
Rating:     0% (0 votes)
  









The design of Macau’s pavilion at the much-anticipated Shanghai World Expo has been tweaked to give visitors a more rounded experience.But officials are being tight-lipped on what will happen to the exhibit when the event ends and say a poll will be held to gauge public opinion on any future moves.
At a recent forum, other Chinese cities showed interest in dismantling and assembling their pavilions throughout the mainland after the Expo ends.

Uncertain
The main contents of Macau’s pavilion have yet to be revealed by the Office for Preparation of Macau’s Participation in the Shanghai World Expo.
Its coordinator, Ieong Pou Yee, revealed that the plan for two theatres inside the rabbit shaped pavilion has given way to “a time machine” escalator that will take visitors through five LED-screen covered levels as part of a dynamic experience including a film showing Macau’s “past, present and future”.
The escalator experience will last one minute and it will take 20 minutes to enjoy the whole pavilion.

Transparency
Another structural change to the pavilion is its windows.
Reflective glass will substitute the original transparent glass to reflect the China Pavilion demonstrating that “China is forever more in Macau’s heart”.
However, Ieong stressed that the changes have been few and within the projected budget.
Construction is expected to be completed by March 31 and, in April, several soft-opening practices and a sort of trial period will take place before its official opening in May.

Work well underway
Around 6,000 construction projects are taking place in Shanghai for the Expo, including 160 new metro station stops and the regeneration of the Bund sidewalk, where the riverside has been closed off from public access so as to show Expo visitors “a better city”.
Zhou Han Min, vice-president of the People’s Political Consultative Conference in Shanghai and deputy director of the World Expo 2010 Shanghai Executive Committee, insists local people aren’t tired of the dust and traffic the work has brought.
“The people aren’t put off with the construction works because they will be permanent fixtures to a better life in the future. This is the time to make some sacrifices for the future and the Shanghai people are moved to play the role of warm and obliging hosts,’’ he said.
The official also claimed that Shanghai is not any more polluted than other world cities. Zhou says 90 percent of all pavilions are fully constructed.

by Kahon Chan



Headlines

Facts on Figure April 2010

Home truths

A comprehensive study into Macau's property market says flexibility and caution should be the watchwords as officials shape the future of public and private housing. But most of all, home ownership should be promoted.

Lap of luxury

The Waterside in One Central on the edge of Nam Van Lake is the jewel in the crown of Macau Property Opportunities Funds portfolio. Leasing has just started and prospects are looking good .

Winning bet

A couple of hiccups aside, the Macau Property Opportunities Fund has sailed through the global financial crisis, seeing its asset value increase. The company believes its investment choices have left them well positioned. A Hong Kong listing would make sense, they say, but investors will have the final say.
Other Macau Latest News

More than just gaming

MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming

Okada on ‘fishing expedition’

Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened

Galaxy to sponsor volleyball tournament

The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix

New border crossing could drive up shop prices

Property experts say prices in Ilha Verde area could go up 10-fold

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