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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

Speymill Macau reaches agreement to sell AIA Tower
Posted: 11/21/2011 4:39:42 PM
Rating:     0% ( votes)
  

Speymill Macau Property Company plc announced it has entered into a provisional agreement to sell AIA Tower.

The aggregate consideration for AIA Tower is HK$1.26 billion (US$162 million), according to the agreement.

Speymill Macau didn’t disclose the name of the buyer.

Speymill has already received a HK$30 million deposit for the sale of the property.

The deal is expected to be completed and signed by the end of this month.


Headlines

Final review on rules for smoking areas inside casinos
Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive
The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

Sands China renews Edward Tracy’s contract
The company’s president and CEO has had his contract extended until August next year

Studio City to receive casino approval “soon”: report
Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports
Other Macau Latest News

TransAct appoints new sales manager for Asia
Rashid Suliman will be responsible for the sales of the company’s products in Macau

Venetian hosts Ice World
The exhibit will last until September 16

Melco Crown to participate in Dragon Boat races
Around 50 Melco Crown employees have joined forces to form two teams

Bank tellers with two-digit salary growth
Wage increases outpace the inflation rate

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1. Studio City to receive casino approval “soon”: report
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3. Gov’t to control new casino openings: Union Gaming
4. May ‘critical’ for assessing Macau gaming industry
5. Steve Wynn explains Tien Chiao deal
 
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