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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

Casinos accused of trying to dodge smoking curbs

Union says they are adding more VIP rooms, where smoking will be allowed

Ex-employee’s suit against Sands China boss fails

Court denies Israeli’s claim to 12 pct of Adelson stake in casino operator

Only 14,000 new homes on Hengqin due to hit market

Most will be in Shizhimen Business District, Integrated Services District

Consul-general keen on more US-Macau business

US diplomat says his job is as much about relations with Macau as Hong Kong

Holiday reform tipped to benefit Macau tourism

Research house says annual leave for mainlanders would make visiting easier

Sterne Agee expecting flat gaming revenue in 2014

Stockbroker increases its forecast of shrinkage in September gaming revenue

Bank forecasts persistent falls in gaming revenue

Morgan Stanley predicts rebound only in 2015H2 as new casino-resorts open

MGM China employees voice demand for higher pay

But leave dissatisfied after talks between union and govt representatives

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1. Fitch cuts 2014 gaming revenue growth forecast
2. Challengers tipped to shrink VIP gaming in Macau
3. Kam Pek Paradise prepares for new smoking rules
4. VIP gaming predicted to stay weak for rest of 2014
5. Analysts remain bullish about Macau gaming stocks
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