Archive for April, 2007

Melco PBL 2006 Losses Widenend

Macau Casino operator Melco PBL Entertainment (Macau) Ltd. has said that its 2006 loss widened, as costs rose ahead of two new casino projects. Hong Kong-based Melco, which went public on the Nasdaq in December, reported a net loss of US$73.5 million, or 12 cents a share, in 2006, compared with a loss of US$3.3 million

Macau A Property Boom or Bubble?

Macau, more and more, has turned its property market into a casino that gives the safest bet to all fortune hunters. Gaming communities changed the face of Macau as they began sprouting up across the city in the early ´70s. I always thought the main appeal was to waltz into the local casino, drop a quarter

Melco PBL Faces City of Dreams Cost Blowouts

Publishing & Broadcasting Ltd's Asian casino joint venture has played down fears the construction of its $US2.1 billion ($2.6 billion) City of Dreams complex in Macau has got off to a rocky start, after reporting a $US73.5 million full-year loss. Melco PBL Entertainment warned that its plans to capture a big slice of the world's largest

Macau Population Now 513,427 People

The resident population of Macau at the end of 2006 was calculated to be 513,427 people, or 5.8 percent (29,150 people) more than at the end of 2005, the region's Statistics and Census Bureau said. According to the published statistics, 50.8 percent of residents were female, 14.7 percent were up to 14 years of age, 78.3

Latest Macau Construction Pictures

Thanks go out to my friends George and Hunter at RateVegas.com for allowing me to post some of the latest March 2007 pictures! Looking at those pictures, it seems that they all have still a long way to go! Are we going to half completed buildings opening, so that they can at least starting