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

Oliver Jarvis Dominates Grand Prix of Macau

Oliver Jarvis dominated the Polytec Macau Formula Three Grand Prix on Sunday – leading every lap and keeping his cool during a safety car period to take victory in the Silver Jubilee Event. Macau Grand Prix F3 Drivers line-up with Pansy Ho Afterwards, the Briton was in no doubt about how special the result was for

Las Vegas Sands Send in Team to Stop Macau Losses

In response to a drop in income from its Macau properties in the first quarter, Las Vegas Sands Corporation is sending in its top US managers to cut costs and win back lost VIP business. In the first quarter of the year, Sand's lost US$2 million, down from a profit of almost US$40 million last quarter

Mainland housing market to slow, Macau buyers to be restricted

July 7, 2006 | ShanghaiDaily | THE growth in average prices for residential properties in China's mainland will slow to below 5 percent over the next two years, while Shanghai's housing prices are likely to drop further by 15 percent, an industry report forecast yesterday. As a result of the changes in the supply structure, average

Poker Machines Will Prevail in Macau Says Aristrocat

Poker machine maker Aristocrat Leisure has denied claims it faces a struggle to increase machine sales in Macau because gamblers prefer to play the card game baccarat. Speaking from Asia's biggest gambling conference in Macau this week, chief executive Paul Oneile said gamblers visiting the former Portuguese enclave were acquiring a taste for machines and were

Hengqin Island Development to Go Ahead

The authorities in Zhuhai, southern China, have announced a detailed blueprint of Henqin Island Development Plan. The island, home to about 4,000 people, is very close to Macau. Strangely there is no mention of Las Vegas Sands involvement in this development. The plans call for oil and gas terminals, entertainment centres – and a branch of

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

Real estate news on Macau

Home rents in Macau could rise by as much as 20 per cent during the year because of increased demand from new residents coupled with a stand still housing supply, warns a property company. Midland Surveyors (Macau) said the local market was heating up with more than 10,000 outsiders expected to take up hotel, restaurant and financial services jobs in

Las Vegas Sands gets nine proposals for US$1bil loan

May 31, 2006 - SINGAPORE: Las Vegas Sands Corp. received proposals from at least nine banks to provide a US$1bil, one- year loan as the company plans financing to fund the development of Singapore's first casino-resort.   “We will pick one of those banks to provide the loan in order to bridge ourselves and give ourselves