Las Vegas Sands Corp might spin off billions of dollars of Macau retail assets into a property fund, but is under no pressure for a quick sale despite problems funding ambitious casino expansion, an executive said. The company, which runs the giant Venetian Macao casino and is building more hotels and casinos in the territory, floated

The value of retail sales for the fourth quarter of 2007 was estimated at MOP4.2 billion (US$525 million). Retail sales of watches, clocks & jewellery took the largest share of 17% of the total, which was followed by sales of motor vehicles (13%), goods in department stores (12%), goods in supermarkets (9%) and adults' clothing

Asia's first Manchester United merchandising store opened its doors yesterday to a throng of fans and media pushing for a glimpse of retired star Ole Gunner Solskjaer. Many of the more than 150 local and Hong Kong fans waited for more than four hours for the former English Premier League star to open the first

[youtube]http://www.youtube.com/watch?v=Ea8w7NyI--8[/youtube] Courtesy: 3dmacau.com

Morgan Stanley strategist Rob Hart is cautious about Macau gaming stocks. Competition is intensifying as established casino operators compete in a relatively small area, but at the same time new casinos are creating job opportunities which are going to boost Macau's residential property sector, according to a Morgan Stanley strategist. Additional casinos, retailers and hotel spaces in

Here are snippets as reported by Bloomberg outlining the poor performance of shopping malls in China. Surely this is going to affect Macau as well and must send off warning bells to the developers planning shopping center here. Macau is China after all and most of the rules apply here as 60% of the visitors

Ahead of the 86,000 sq. ft. DFS (Duty Free Shoppers) store at the new Four Seasons in Cotai, Charles David, Managing Director of DFS Hong Kong urged the audience at the Asia/Pacific Travel Partnership Symposium to work together to promote Macau with one collective voice. The challenges for Macau are in working out a promotional strategy,

Tourist Price Index (TPI) for the first quarter of 2007 was 126.68, up by 3.63% over the previous quarter. All the section indices moved upwards. Attributable to price increases of jewellery and watches, the index of Miscellaneous goods rose most significantly by 5.78%. On account of the higher price of air ticket, the index of

Over 250 real estate, tourism, banking and finance specialist are due to meet at the 2nd Annual Investment forum to be held in Macau on April 26 and 27 to discuss the present and future of the Macau economy, the meeting’s organizers said. “This year’s Forum will discuss the factors that will determine the future of

Underpinned by sustained property demand amid the strong economic growth, the Macau property market continued to grow in 2006.  Both the office and residential markets registered growth in capital values and rentals, while the retail property sector is taking shape to a more sophisticated landscape, says Jones Lang LaSalle at its Macau Annual Property Review