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