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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 daily run rate rises in week ended April 21

Table-only gross gaming revenue amounts to MOP21.8 bln in first three weeks

Galaxy Entertainment to reopen Grand Waldo in 2015

Vice-chairman says the refurbished complex will be meant for families

CLSA predicts US$90 bln gaming revenue in 2018

Broker says opening of new casinos in Cotai will cause surge in revenue

Govt asks Beijing for more land on Hengqin Island

Chief Executive says Macau also wants jurisdiction over surrounding waters
Headlines

Govt to review rules on VIP gaming rooms

Chief Executive says changes will be discussed when gaming licences renewed

Crown Resorts prepares bid for Las Vegas casino

Packer company in the running for the Cosmopolitan casino and hotel complex

Broker tips April gaming revenue to rise 5-10 pct

Sterne Agee keeps its forecast of revenue for 2014 despite April run rate

Sands China is casino market leader in early April

Has slightly bigger share of gaming revenue than SJM in first two weeks

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