Archive for May, 2006

Winnie Ho “does not oppose” SJM to float in HK

May 26, 2006 - A Hong Kong-based accountant told the judge that the sister of Macau's gaming tycoon "does not oppose" his company to be listed in Hong Kong's stock market. The Court of First Instance continued the hearing regarding the application of Winnie Ho to file the resolution of the General Assembly of the STDM to have

Las Vegas Sands Shares Get Grinded

May 26, 2006 - Shares of Las Vegas Sands (LVS:NYSE) have dropped nearly 20% over the past two weeks, likely due to profit-taking and concerns about overvaluation. On Wednesday, media reports about a planned Macau casino IPO from a competitor spurred the negativity. But given the lack of any changes in the company's fundamentals and

N.J. probers to quiz MGM execs in Macau venture

May 25, 2006 - New Jersey investigators are preparing to take sworn statements from MGM Mirage executives about their $1 billion casino project in Macau, following two trips there to meet with American, Chinese and local gaming regulators about the deal. The Las Vegas gambling giant is building a 28-story casino and hotel in partnership with Pansy

Trade Shows Contract to Take Residence at The Venetian Macao

. LAS VEGAS, May 10, 2006 - Las Vegas Sands Corp. (NYSE: LVS) today added to its trade show presence in Asia by announcing that the company has negotiated and signed contracts for five multi-year trade shows that combined represent 13 separate events. The company also said it has received several new letters of intent from

Results of the Visitor Arrivals for April 2006

Macau, May 25, 2006 - Information from Statistics and Census Service indicated that visitor arrivals reached a total of 1,870,314 in April 2006, representing a remarkable year-on-year increase of 25.2%. Visitors from Mainland China and Hong Kong surged 19.2% and 41.7% respectively, whereas those form Taiwan, China dropped 4.0%. Meanwhile, same-day visitors accounted for 51.3%

Macau’s World Heritage and festive events to woo visitors from Japan

Macau, May 25, 2006 - The Macau Government Tourist Office (MGTO) organized a series of promotional activities in 4 major cities in Japan to affirm Macau as a cultural destination for the Japanese market. From May 22 to 27, a grand line up of activities were scheduled to take place in Tokyo, Osaka, Kobe and Kyoto,

Packer, Melco Plan $1 Billion Macau IPO

May 24 (Bloomberg) -- James Packer's Publishing & Broadcasting Ltd. and Melco International Development Ltd. are planning to sell $1 billion of shares in an initial public offering of their Macau casino venture, people familiar with the transaction said. The companies plan to sell 20 percent of the venture and list the stock on the Nasdaq

PBL bets on casinos

PUBLISHING and Broadcasting is planning to float its Macau casino joint venture with Hong Kong billionaire Lawrence Ho on the US stock exchange, a newspaper report says. The Australian Financial Review said PBL (pbl.ASX:Quote,News) was working with three investment banks, believed to be Citigroup, Credit Suisse and UBS, on floating a 20 per cent stake in

Accor Sets The Pace With Pearl River Delta Expansion

Accor builds hotel network in Hong Kong, Guangzhou, Macau and Qingyuan; partners with China Southern Airlines; and launches a new reservations centre in Guangzhou Accor is targeting the Pearl River Delta, aiming to double its hotel presence in China's southern economic power-zone. At the start of 2006, Accor operated seven hotels in the Pearl River Delta -

WTTC signals continued growth and room for improvement in China and SARs

The World Travel & Tourism Council (WTTC) presented today its brand new report on China, China Hong Kong SAR and China Macau SAR: The Impact of Travel & Tourism on Jobs and the Economy to China National Tourism Administration (CNTA) and Beijing Tourism Authority (BTA) as well as over 100 representatives from the Travel &