Section: Property

Melco Crown and Wynn Resorts Rumored to Build Largest Casino in Macau

There has been some chatter through trading circles this morning that Melco Crown Entertainment and Wynn Resorts are going to partner up to build a new casino and entertainment resort in Taipa, which is only a few miles down the road from Macau. This new complex is rumored to be twice the size of the current

Projects Update. Galaxy Macau. November 2009

Galaxy Macau at the Cotai Strip has been a lot in the news lately about the way its land concession has been dealt with, understandably so, just walking around the site gives you a feeling how huge it is. Compared this with Wynn, MGM Grand and SJM sites which are small in comparison, you can

Project Update. Casino Oceanus. Macau

The Casino Oceanus project has gone from what was once a mega project to a more simplified and less costly refurbishment concept. The new casino is being build at the old Yaohan department store site which is the first phase of the development, which is basically a square box consisting of three levels of gaming

Mainland housing market to slow, Macau buyers to be restricted

July 7, 2006 | ShanghaiDaily | THE growth in average prices for residential properties in China's mainland will slow to below 5 percent over the next two years, while Shanghai's housing prices are likely to drop further by 15 percent, an industry report forecast yesterday. As a result of the changes in the supply structure, average

Real estate news on Macau

Home rents in Macau could rise by as much as 20 per cent during the year because of increased demand from new residents coupled with a stand still housing supply, warns a property company. Midland Surveyors (Macau) said the local market was heating up with more than 10,000 outsiders expected to take up hotel, restaurant and financial services jobs in

Cambodian casino seeks up to $77 mln in HK IPO-paper

HONG KONG, June 5 (Reuters) - Cambodian casino operator NagaCorp plans to raise between HK$400 million and HK$600 million (US$51-US$77 million) in a Hong Kong initial public offering to be launched this month, a newspaper reported on Monday. The listing hearing of NagaCorp was scheduled for this month, before a proposed share sale of casino mogul

Macau Success Raises Capital for Ponte 16 Casino Project

Macau Success Ltd said wholly owned unit Golden Sun Profits Ltd has agreed to sell about 10 pct of World Fortune Ltd's existing issued share capital to Japan's Maruhan Corp for 208.5 mln hkd. The sale also includes about 10.2 pct of the interest-free shareholder's loan of 66.47 mln hkd provided by Golden Sun to World

Macau on Its Way to Major Exhibition City

MACAU -- (PRESS RELEASE) -- As the hotspot gaming city in the region, Macau is gradually becoming a major home to large-scale gaming exhibitions in Asia, but it still lags behind in M.I.C.E. support in holding such big events. Yet that gap is expected to be narrowed as Asian Gaming Expo returns to Macau, following

Buy One, Get One Free

June 21, 2006 | MacauBusiness | A government scheme offering a Macau identity card to Mainland residents and other outsiders investing in the territory's property market is still proving popular, despite a tightening of the rules. In six years 7,939 people and their dependents have been issued with the sought-after IDs that can open doors to

Shun Tak Made US$770m From Sales One Central Residences

Shun Tak Holdings has said that more than HK$6 billion(US$770 million) has been generated from sales of One Central Residences, the company's joint-venture luxury residential project in Macau with Hongkong Land. About 90 percent of the apartments have been sold, the company said. Some units sold for as much as HK$6,300 psf. One Central Residences, which has 796