Entries Categorized as 'Construction'
November 3, 2007
As expected costs of the City of Dreams casino project continue to blowout, now by a whopping $US600 million! The estimated outlay is now $US2.1 billion compared with the previously reported $US1.85 billion in June and $US1.5 billion last December. We can foresee further cost overruns happening prior to the expected opening in the middle of 2008.
By now James Packer must surely call this the ‘City of Nightmares’.
Please tell me more! »
Posted in City of Dreams, Construction, Cotai Strip, Design & Construction, James Packer, Lawrence Ho, Macau Business, Macau Property, Melco PBL 
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October 30, 2007
October 10, 2007
Macau Success Ltd said wholly owned unit Golden Sun Profits Ltd has agreed to sell about 10 pct of World Fortune Ltd’s existing issued share capital to Japan’s Maruhan Corp for 208.5 mln hkd.
The sale also includes about 10.2 pct of the interest-free shareholder’s loan of 66.47 mln hkd provided by Golden Sun to World Fortune, which is wholly owned by Macau Success.
Please tell me more! »
Posted in Casino Ponte 16, Construction, Macau Casino, Macau Property, Macau Success No Comments »
May 24, 2007
After Lisbon, Luanda, Maputo and Praia, the capital of Guinea Bissau, Bissau could be the next step for Macau businessman Stanley Ho and his holding company Geocapital, created in order to invest in Portuguese-speaking countries.
The “king” of Macau and Lisbon’s gaming sector is focused on Caravela Island, in the Bijago’s archipelago, which is considered by UNESCO to be an Ecological Biospheric Reserve, where Ho wants to set up a tourist resort with a casino, according to the Africa Monitor newsletter.
Please tell me more! »
Posted in Construction, Economy & Business, Employment, Hengqin Island, Macau Property, Macau Real Estate, Shopping, eSun No Comments »
May 5, 2007
The Government would make good use of public resources to help those who are in real need of subsidised housing, the Secretary for Transport and Public Works, Mr Lau Si Io, said today.
In answer to legislators’ questions at today’s plenary session of the Legislative Assembly, Mr Lau said a working group, which consisted of members from different departments, outlined the possible numbers and locations of sites earlier.
Please tell me more! »
Posted in Construction, Macau General, Macau Real Estate, Social and Politics No Comments »
April 30, 2007
We have some snippets from last weeks Investment Forum, obviously they are casino and property related. Again the greatest concern seems to be about the availability of land to develop new housing projects.
How long before we see Hengqin and Zuhai relaxing their border controls to allow the expected influx of over 100,000 workers to have affordable housing. If it works between Hong Kong and Shenzhen, then there should be no reason why a similar arrangement can also work for the China and Macau borders.
Please tell me more! »
Posted in China, Construction, Cotai Strip, Economy & Business, Infrastructure, Macau Casino, Macau General, Macau Property No Comments »
April 19, 2007
Government to build 3,000 public housing flats on Taipa
The Government is to build about 3,000 public housing flats on Taipa, the Secretary for Transport and Public Works, Mr Lau Si Io, announced today.
The site will be on a piece of land near the approach of the Friendship Bridge, which covers a gross land area of some 150,000 square feet.
Please tell me more! »
Posted in Construction, Macau General, Macau Property, Social and Politics No Comments »
April 1, 2007
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 in the slot and walk out with a big jackpot. The reality, of course, is usually quite different. While those big jackpots do indeed get won, the odds are quite long.
Please tell me more! »
Posted in Construction, Development, Macau Business, Macau Property, Macau Real Estate No Comments »
