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ISSUE 118 - Feb 2014
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Decline
Growth above 10 percent
Growth from 0 to 10 percent
Stagnation
 
 

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

Chan Meng Kam linked to Queensland casino bid

Legislator owns 60 pct of a company involved with a bidder for a licence

Macau Cable TV to become city’s second ISP

Govt wishes cable TV, internet, phone companies to be jacks of all trades

Govt hands out MOP28 mln from its green fund in Q1

Receives 300 requests for money for environment-friendly know-how and gear

Recruiter sees 30 pct increase in job seekers

MSS Recruitment says most vacancies posted on its website are in casinos
Headlines

Sands China is casino market leader in early April

Has slightly bigger share of gaming revenue than SJM in first two weeks

Q1 mass-market baccarat revenue MOP28.49 bln

Revenue from mass-market baccarat jumps by 42.3 pct from a year earlier

JP Morgan sees strong Q1 profit growth in Macau

Investment bank attributes growth to more mass-market gaming business

Sands Cotai Central marks second anniversary

Executive says casino-resort to keep reinforcing Macau’s market position

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1. Goldman Sachs keeps 2014 gaming revenue forecast
2. Philippines tells Okada to put his house in order
3. Broker says casino take below MOP1 bln a day
4. SJM reclaims leadership of Macau casino market
5. Melco Crown seeks partners for Japanese casinos
 
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