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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

Casino workforces Macau’s fastest-growing in Q3

Workforces of construction and hotel industries shrink during the quarter

October package tourists swell 56 pct to 1.12 mln

Average occupancy rate of hotels, guesthouses rises by 3 pct pts to 86 pct

Envoy says EU ties with Macau and HK are strong

EU office head says trade between the union and the SARs ‘doing very well’

MTEL’s leased lines 10-20 pct cheaper than CTM’s

Govt official says cost will depend on the type of leased-line deal offered
Headlines

Macau investors cautious about buying A-shares

One bank says investors waiting to see how HK-Shanghai link-up turns out

Macau junket model near breaking point, bank says

Mainland’s deterrents to gambling mean hard times for VIP gaming promoters

Nobel laureate tells Macau to diversify investment

Economist Robert Engle says investing in China is the city’s biggest risk

Sing Hou Entertainment aims to float shares in HK

Junket operator goes in search of capital as the VIP gaming market shrinks

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