Entries Categorized as 'Macau News'
May 6, 2008
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 and almost US$91 million during the first quarter of 2007. Income from the Venetian Macao and Sands Macao dropped from USD133 million in the last quarter of 2007 to USD.4 million in the first three months of this year.
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March 28, 2008
Colliers International Macau has just released this interesting and bullish report about the Macau Property Market.
The latest report shows the openings of the Venetian Macau, MGM Grand Macau, Grand Lisboa and Crown Macau last year strengthened the island’s position as a world-class tourist destination.
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Posted in City of Dreams, Construction, Cotai Strip, Design & Construction, Four Seasons Macau, Macau News, Macau Property, Macau Real Estate, Venetian Macao No Comments »
March 16, 2008
Celine Dion didn’t disappoint fans last night at the Venetian Macao’s arena. The 15,000 seat venue was crammed with locals as well as many that traveled from Hong Kong and the mainland to see the “Taking Chances” tour.
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Posted in Cotai Strip, Entertainment, Macau Events, Macau News, Venetian Macao No Comments »
March 12, 2008
At the end of January 2008, the total number of guest rooms available in the Macau hotel sector increased by 3,204 (+24.8%) from a year earlier to 16,126 rooms.
In January 2008, a total of 562,547 guests checked into hotels and similar establishments, representing a year-on-year growth of 30.9%. The majority of the guests came from Mainland China (47.4%) and Hong Kong (21.6%). The average hotel occupancy rate went up by 1.0 percentage point to 72.7%, with 4-star hotels leading at 78.1%; in addition, the average length of stay of hotel guests extended by 0.2 night to 1.4 nights.
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Posted in Cotai Strip Hotels, Hotel Macau, Macau News, Macau Tourism No Comments »
March 12, 2008
Macau saw 388,796 visitor arrivals in package tours in January 2008, up by 22.8% from a year earlier. Visitors from Mainland China (282,506), Hong Kong (22,604) and Taiwan, China (18,079) recorded year-on-year growth of 21.4%, 13.2% and 5.8% respectively.
In January 2008, the number of Macao residents traveling in package tours rose by 27.7% year-on-year to 13,536. Mainland China, Japan and Thailand were the three most popular tour itineraries, which accounted for 55.2%, 17.6% and 7.5% of the total respectively.
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Posted in Economy & Business, Macau Business, Macau General, Macau News, Macau Tourism, Travel No Comments »
March 9, 2008
The activities of Macau’s gangsters, or triads are being kept in check by a plentiful market and the watchful eye of the Mainland government, according to a local university professor, reports Macau Daily Times.
Underworld figures that operate in casinos are being careful not to step out of line in fear of retribution from the Mainland government, Eilo Yu, assistant professor from the University of Macau’s (UM) department of government and public administration said yesterday.
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Posted in China, Economy, Macau Casino, Macau Gaming, Macau General, Macau Government, Macau News, Social and Politics No Comments »
February 25, 2008
Austal has signed a contract for four additional 47.5 metre passenger catamarans with Cotai WaterJets (Macao) Ltd, adding to the initial ten-vessel contract signed in 2006 by sister company Venetian Marketing Services Limited (VMSL).
CotaiJets Maiden Voyage by aomen.tv
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February 23, 2008
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 (9%).
The value of retail sales in the fourth quarter of 2007 registered an increase of 16% compared with the MOP3.6 billion in the preceding quarter. As against the MOP3.0 billion sales in the fourth quarter of 2006, the value of retail sales in this quarter grew remarkably by 40%.
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Posted in Macau News, Macau Retail, Macau Tourism, Shopping No Comments »
