Archive for January, 2007

Virgin To Build US$3 Billion Casino in Macau (Update)

News just comes through that the wagering firm Tabcorp Holdings Ltd may join Britain's Virgin Group in building and running a US$3 billion casino in Macau, southern China. Macau is getting yet another casino, this time the Virgin Group has jumped on the bandwagon. As Sir Richard Branson has not got a gaming license , he

Macau Construction Boom Slowing Down Projects?

There is definitely a construction slowdown in Macau. The main problem seems to be getting highly qualified specialist contractors, such as interiors, finishing and joinery of which there are few in Macau, and they are all fully booked for the next few years ahead. Wynn Macau This means the construction companies have to get them from

PBL To Take Over Tabcorp?

More news coming through about the proposed Virgin deal with Tabcorp, and that Tabcorp are a likely take-over target with PBL. This all makes sense as Melco/PBL have a gaming license in Macau and so their partnership with Sir Richard Branson's Virgin Group would be a perfect fit. Add to this the fact that PBL is