Jan 26, 2015,
  CEO Profile
  Economy & finance
  Greater China
  MB Report
  News in brief
  Pearl River Delta
  Politics & diplomacy
  Sponsored Articles
ISSUE 118 - Feb 2014
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Growth above 10 percent
Growth from 0 to 10 percent

Shun Tak spends RMB721 mln on Hengqin land

Posted: 8/1/2013 12:28:17 PM
Rating:     0% ( votes)

Shun Tak Holdings Ltd says it will build a mixed-use development on a parcel of land at Hengqin Island.

The company told the Hong Kong Stock Exchange about the land deal yesterday. It paid RMB721 million (MOP939 million) for the site.

Shun Tak said it would build a hotel, offices, serviced apartments and commercial space on the 2.38-hectare plot with a maximum gross floor area of 131,089 square metres.

Shun Tak managing director Pansy Ho (pictured) said: “The location and strategic value of this Hengqin project naturally complement our existing hospitality business in Macau.”

The Hong Kong company, founded by gaming mogul Stanley Ho Hung Sun, runs ferries between Macau and Hong Kong, and has substantial real estate and hospitality interests here.

Other Macau Latest News

Las Vegas Sands boss to take reins of Macau unit

Sheldon Adelson will become CEO of Sands China when Edward Tracy retires

Chui says govt will try harder amid gaming slump

Chief executive to strive for more economic diversity, regional cooperation

Good help hard to find, laundry entrepreneur says

That was 10 years ago; it would be even harder now, says Tim Bondi founder

Law firms in Macau, Cape Verde, Portugal form team

Newspaper says alliance of lawyers may help build relations among the three

Enlarged Galaxy Macau, Broadway Macau open May 27

Galaxy Entertainment exec promises indulgence, style, fun and privilege

Social welfare spending set in stone, says Chui

Chief executive rejects notion of less gaming tax cutting budget provisions

Fatal mishap fails to deter casino-resort operator

Melco Crown determined not to let builder’s death slow shopping arcade work

Beijing’s man in Macau explains gaming slump

Goes against general opinion and denies graft crackdown is the main cause

No Comments

No comments yet.

Sorry, the comment form is closed at this time.

1. Macau’s construction costs second-highest in Asia
2. Beijing’s man in Macau explains gaming slump
3. David Group reportedly quitting Macau VIP gaming
4. Melco Crown bets on 400 Studio City gaming tables
5. MTEL’s internet charges may undercut competitors
Nasdaq 4,757.88 +7.481
S&P 500 2,051.82 -11.33
DJ Stoxx 50 3,394.89 +12.34
DAX 10,725.92 +76.34
FTSE 100 6,819.89 -12.94
Nikkei 225 17,468.52 -43.23
Hang Seng 24,909.90 +59.451
STRAITS TIMES INDEX 3,398.52 -12.98
S&P/ASX 200 5,501.80 +81.900
More >>
  Home The Magazine Subscribe Advertising Events MB Specials Contact Us  
Copyright © Macau Business 2010. All rights reserved.