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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

Wynn Macau H1 net profit slips to HK$3.65 bln

Casino takings are main driver of 9.2 pct rise in revenue to HK$15.3 bln

Gaming, tourism keep current account in surplus

MOP428 bln of services exports in 2013 dwarf merchandise trade deficit

YiDa plans casino-resort in Antigua and Barbuda

US$1 bln resort will have racecourse and the Caribbean’s biggest casino

Milan Station to open more outlets in Macau

Seller of expensive handbags does booming business in city’s casinos in H1

Aquis Group registers its brands in Macau

But casino developer is reticent about any plan to enter the Macau market

Wynn Macau doubles its 2014 budget for design work

Revamping one casino-resort and building another costs more than it thought

Galaxy Entertainment H1 net profit hits HK$6 bln

Revenue grows 25 pct to HK$38.4 bln, EBITDA increases 26 pct to HK$7.3 bln

Chui aiming to force hand of casinos on purchasing

Will try to make gaming companies, govt depts buy supplies made in Macau

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