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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?
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

Macau Legend says it is allowed more gaming tables

But govt official says request for 35 more tables still under consideration

Gaming receipts grow to MOP363.07 bln in 2013

Takings rise 18 pct, so industry’s contribution to the economy grows 21 pct

Zhuhai intl convention and exhibition centre opens

Macau MICE industry leader says Zhuhai centre means greater competition

Porto mayor says city enticing for Macau investors

City’s infrastructure and its tourism and creative industries top the bill

Govt says casino operator breaking smoking rules

Melco Crown Entertainment denies Health Bureau accusation of wrongdoing

Wynn Resorts Q3 profit rises despite Macau slump

Revenue from company’s operations in Macau falls 5.6 pct to US$942.3 mln

Asia-Pacific share of intl tourists tipped to grow

World Tourism Organisation expects region to have 30 pct of total by 2030

Seeming loophole in smoking rules causes worry

Govt concerned by reports of smoking in premium mass-market gaming areas

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