Dongzhi Festival or Winter Solstice Festival

Dongzhi Festival or Winter Solstice Festival

Dongzhi Festival or Winter Solstice Festival or The Extreme of Winter is one of the most important festivals celebrated by the Chinese and other East Asians during the dongzhi solar term on or around December 21 when sunshine is weakest and daylight shortest; i.e., on the first day of the dongzhi solar term. The seasonal significance of the winter solstice is in the reversal of the gradual lengthening of nights and shortening of days.

The coming of winter is celebrated by families and is traditionally the time when farmers and fishermen gather food in preparation for the coming cold season. It is also a time for family reunions.

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Louis XIII casino-hotel due to open mid-2016

Louis XIII Holdings Ltd has said its US$1.1 billion (MOP8.79 billion) casino-hotel in Cotai will be ready to open in the middle of 2016.

The company says the hotel will have 200 rooms, 66 gaming tables and 75 slot machines.

The company says it expects the casino-hotel to generate strong cash flow once it is fully operational.

via. http://www.macaubusiness.com/

Rolls-Royce sales track Macau’s stock of casinos

Rolls-Royce Motor Cars Ltd’s sales grow in Macau in tandem with the number of casinos, so should keep increasing, Business Daily reports.

The newspaper quotes the company’s Asia-Pacific regional director, Paul Harris, as saying in an interview that most of the buyers of Rolls-Royces in the city are casino-hotels – but not all.

“We have entrepreneurial businessmen who live in Macau, or that have multiple addresses and that happen to live in Macau as well, and hotels as well. But at the moment the predominant business is the casino business,” Mr Harris said.

He said only some of the businessmen that bought Rolls-Royces were in gaming.

“The only thing they have in common is that they’re successful in whichever business line they’re in, and they buy the cars as a celebration of that success.”

via. http://www.macaubusiness.com/

Taxman reportedly thinks Wynn Resorts money smells

The Wall Street Journal says the US authorities are investigating whether casino operator Wynn Resorts Ltd has broken the law on money laundering, Reuters reports.

The news agency says the newspaper quotes unidentified sources, whom it described as people familiar with the matter, as saying the US Internal Revenue Service has written to a lawyer for Wynn Resorts asking for information about the company’s customers and marketing offices at home and abroad, and its internal controls, in particular its safeguards against money laundering.

Reuters quotes a Wynn Resorts spokesman as saying the company is unaware of any such investigation.

Wynn Resorts Ltd is the parent company of Macau casino operator Wynn Macau Ltd.

via. http://www.macaubusiness.com/

Hotels containing 14,434 rooms being built in Q3

Developers were building 21 hotels that will contain 14,434 rooms in the third quarter of this year, official data indicate.

The Land, Public Works and Transport bureau says seven of the hotels under construction will be in Cotai and together have about 11,900 rooms; that 10 hotels containing about 1,100 rooms are under construction on the peninsula; that three hotels containing about 1,000 rooms are under construction on Taipa; and that one hotel containing about 200 rooms is under construction on Coloane.

Together, these projects will increase Macau’s stock of hotel rooms by 52 percent.

via. http://www.macaubusiness.com/

Business Awards of Macau presented in Grand Lisboa

The winners of the Business Awards of Macau were presented with their awards at a ceremony in the grand ballroom of the Grand Lisboa casino-hotel on Friday.

The awards honour leadership, talent, innovation, corporate social responsibility and strategic accomplishments among businesses in the city.

The winner of the award for new talent, presented this year for the first time, was the senior technical sales manager of United States Playing Card Co Ltd, Austin Ao.

via. http://www.macaubusiness.com/

Legislator urges regulation of Zhuhai property ads

A member of the Legislative Assembly, Ho Ian Song, has called for the government to regulate the advertising in Macau of real estate for sale over the border in Zhuhai, which he says may be misleading.

Mr Ho says in a written enquiry to the government that developers in Zhuhai are advertising housing for sale off the plan even before the law in the mainland allows them to sell such property.

He says he is worried that Macau people may buy property in Zhuhai without getting the whole picture or make payments for property there before the law allows the developer to take such payments.

via. http://www.macaubusiness.com/

Build and they will come

The pile-drivers never stop. Neither, apparently, do the calculators. There were 21 hotel projects under construction by Q3. Some 14,400 more hotel rooms are slated to come on-stream soon.

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Louis XIII on track

The most expensive hotel suite in the world? That would be the US$1.1 billion Louis XIII being built on the fringes of Cotai. The suite will set you back a cool US$130,000 a night.

Louis XIII has confirmed that its US$1.1 billion hotel on the fringes of the Cotai Strip will be ready to open its doors mid-2016.

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Macau’s got talent

Friday was a big night out. Particularly for everyone nominated for this year’s Business Awards. SMEs got in the swim, and most victors spoke about team effort. Tomorrow’s leaders and innovators were recognised in 10 different categories

The Business Awards chalked up its second edition this year.

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