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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

Chui makes Macau-Fujian cooperation arrangements

Chief executive begins Fujian visit, to include free trade zone inspection

LVS boss due to testify in wrongful dismissal case

Sheldon Adelson on list of witnesses in hearing of Steven Jacobs’s lawsuit

Skilled workers shunning Macau, study finds

One reason to stay away is the paucity of social services, academics say

Banks give SMEs MOP48.5 bln in new credit in 2014

Annual amount of new credit jumps 68.1 pct as SMEs borrow to grow, chiefly
Headlines

Citibank to shutter its Macau branch in July

Bank will move the accounts of its Macau customers to its Hong Kong branch

Graft crackdown threatens more damage to gaming

Bank thinks plugging outflow of ill-gotten gains will add to junket costs

It wasn’t me, boss of app developer tells court

Charlie Choi says he’s baffled by accusation he broke data protection law

Galaxy Entertainment Q1 earnings fall steeply

EBITDA drops 40 pct to HK$2.3 bln as revenue slides 32 pct to HK$13.7 bln

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