Archive for August, 2007

Macau Population Keeps on Growing

As reported in the Peoples Daily, Macau population is growing again up to 503,000 today. Based upon an increase that's a growth rate of about 5% per annum? There is about 4,000 births per year and about 1,500 mortality cases, so that a growth of about 3,000 population per annum net. This means based on those

Macau Suspends Realty Investment Residency

The Official Gazette on April 4, 2007 published a by-law to suspend the fixed-asset investment residency policy. The Chief Executive, Mr Edmund Ho Hau Wah, announced the Government's decision this afternoon when he attended a plenary meeting of the Legislative Assembly to answer legislators' questions over public issues. Meeting the press after the session, the Secretary for

Macau Womens Volley Ball Grand Prix August 17-19, 2007

Macau Womens Volley Ball World Grand Prix play-offs will all be held at the Macau Forum on August 17-19, 2006. The event is proudly sponsored by the Macau Galaxy Entertainment Group. The participating teams in Macau are Cuba, China, Netherlands and the US. Schedule is as follows; For tickets check here… Cuba-Netherlands - FRI 17-Aug - 18:00 and China-USA

Macau Real Estate Continues to Boom

Despite all the doom and gloom over the visa restrictions, the Macau Statistics and Census Service indicated that 8,396 real estate sale and purchase contracts with a total value of MOP8.0 billion were made in the first half of 2007, up by 30.6% and 65.5% respectively year-on-year. In the second quarter of 2007, a total

Macau Package Tours and Hotel Occupancy Up by 24.3%

Despite the China visa restrictions, visitor arrivals continue to grow. Visitor arrivals in package tours totalled 258,156 in June 2007, up by 24.3% year-on-year. Visitors from Mainland China (148,319) decreased by 9.0%, whereas those from Hong Kong (31,465) and Taiwan, China (28,587) recorded remarkable growth of 316.2% and 86.0% respectively compared with June 2006. In

Transparency Needed On Macau Officials' Assets

Macau has transformed from being a sleepy backwater to the world's foremost gaming centre in the space of a few years since it opted to open its casino business to more operators. Billions of dollars in investment from foreign casino magnates have poured in, giving it an international reputation as offering money-making opportunities in a host

Macau Chief Executive Has Held A Stake in Stanley Ho's Casinos

Chief Executive Edmund Ho Hau-wah has held a stake in Stanley Ho Hung-sun's casino empire for the past 15 years, a paper trail of corporate documents spanning nearly three decades has revealed. The former banker, who has headed the Macau government since the 1999 handover, denies any current interest or involvement in Stanley Ho's companies. However, a

W Hotels To Open in Macau Studio City

Starwood has announced plans for a new W Hotel in Macau that is scheduled to open in early 2009. This new-build W hotel will be located within the Macau Studio City complex, situated on Cotai, an area earmarked by the Macau government to become one of the main gaming, entertainment and resort developments in the Special

Wynn Macau Rides Macau's New Visa Restrictions

Yesterday, Wynn reported stellar second-quarter results well beyond anyone's expectations, posting adjusted earnings of $0.92 per share, compared with the $0.53-per-share analyst estimate. On the announcement, Wynn shares traded up 10% in after-hours trading to a new high of $118.40. Vegas, baby The biggest surprise came from Wynn Las Vegas, which managed a whopping 57.6% jump in