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 Company Registrations On The Way Up

Information from the Statistics and Census Service showed that in 2006, 3,110 newly incorporated companies were established, with MOP557.63 million in registered capital. Compared with 2005, the number of newly incorporated companies went up 1.2% whereas their registered capital decreased by 6.4%. These newly incorporated companies were mostly in the Wholesale and Retail sector (905). Among

Stanley Ho’s Geo Capital to take stake in Cahora Bassa dam

An article about Stanley Ho's continued offshore investments expansion Mozacapital, accompany linked to Geo Capital owned by Macau businessman Stanley Ho, is expected to take a stake in the Cahora bassa Hydroelectric Dam (HCB), which South Africa will not be a part of, the Africa Monitor newsletter reported Full article here Stanley Ho News

Macau Gets Over 81,000 Daily Visitors up by 23% on 2006

benefited from the National Day holidays, number of visitor arrivals reached 2,430,414 in October 2007, representing a year-on-year increase of 22.1%. Visitors from Mainland China and Hong Kong rose by 28.9% and 8.1% respectively, whereas those from Taiwan, China dropped by 5.5%. Meanwhile, same-day visitors accounted for 52.7% of the total arrivals, at 1,280,949. The majority

Las Vegas Sands 2-Q profit up 27%

Comment - As mentioned before Las Vegas Sands has had a head start on Wynn Resorts, which so far has outlayed cash but as yet has to see a return on its Wynn Macau Resort due to open on September 6. It just shows that Macau is the place to be, whilst Las Vegas dropped

Unemployment in Macau Down to 3.0%

Unemployment rate for August-October 2007 was 3.0%, down by 0.1 percentage point over the previous period (July-September 2007) or 0.6 percentage point year-on-year. The underemployment rate went up by 0.1 and 0.3 percentage point over the previous period and the same period of 2006 respectively to 1.2%. Total labour force was estimated at 318,400, with a

Macau Government Tourist Office appoints Gary Grimmer

An article about Macau Tourist Office The Macau Government Tourist Office (MGTO) has appointed experienced congress industry manager and consultant Gary Grimmer as adviser for the development of business tourism in Macau. Full article about Macau Tourist Office

Winnie Ho to Sue Dr Stanley Ho Again

After been in hiding for a while, it looks like Winnie Ho is at it again! The founder of the Moon Valley Foundation sues STDM again, this time over the transfer of ownership of its bank. She argued that as more than 70% of the identity of the shareholders have not been verified since the shareholders’ register

Wynn Resorts Seeking US$1.25 Billion to Expand

Wynn Resorts has hired three banks to arrange $US1.25 billion of loans to double the size of its resort in Macau, the world's biggest gambling market in terms of revenue, said two people with direct knowledge of the deal. Wynn Macau and Wynn Diamond Suites Wynn Resorts hired Bank of America, Deutsche Bank and Societe Generale to

Macau's Bad Old Days Returns

What a gruesome story this is, as always Macau's obscure past will continue to haunt it! This obviously is related to new competion coming into the market, and as Stanley Ho last week suggested it's starting to hurt their pockets. As reported by AFP on Yahoo News - Chao Yeuk-hong, executive director of the