Entries Categorized as 'Design & Construction'

The Turbulant History of Macau Studio City

Date February 19, 2007

Six years ago, they were going to build a film school on that piece of land in . Now, they’re getting ready create a casino with a difference there. And maybe even a Playboy Club, too.

Macao Studio City, a HK$16 billion(US$2.05 billion) synergy-saturated gaming, , retail and resort development is slated to open in early 2009 on the Strip. It’s a project that’s changed “script” and “cast” as often as a Hong Kong soap opera, and it promises more drama over the next two to four years as well.

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Macau Package Tour Arrivals Up

Date February 12, 2007

Information from the Statistics and Census Service indicated that visitor arrivals in package tours totalled 323,111 in December 2006, corresponding to a notable increase of 34.0% year-on-year. Among them, visitors from Mainland China (228,245) increased by 14.7% when those from Hong Kong (37,756) and Southeast Asia (21,765) recorded remarkable growths of 225.5% and 290.4% respectively. In 2006, total visitor arrivals in package tours grew 9.3% over 2005 to 2,925,724, while those from Mainland China accounted for 78.4% of the total.

Number of residents travelling in package tours in December 2006 was 27,109, a slight increase of 0.1% year-on-year. Mainland China; Thailand; and Taiwan, China were the three most popular tour itineraries, which accounted for 76.8%, 5.5% and 4.4% of the total respectively. In 2006, residents (272,444) travelling in package tours went down 7.6% compared with 2005.

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Steve Wynn Officially Donates Ming Vase To Macau

Date February 10, 2007

The early Ming glazed copper-red pear-shaped vase, Yuhuchunping, produced during Emperor Hongwu’s reign (1368-1398), to be donated to the Special Administrative Region in this ceremony, was purchased at a Hong Kong auction in May last year by Mr. Steve Wynn, Chairman of Wynn Resorts () S.A.. Costing approximately 78 million Hong Kong dollars, this extremely rare Chinese porcelain will be exhibited as part of the permanent collection of the Cultural Affairs Bureau’s Museum.

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Macau Graft Investigation Continues

Date January 26, 2007

Honesty Treasure International (0600), which sells finished leather to garment makers, acknowledged Thursday that chairman Pedro Chiang and executive director Miguel Wu Ka-i are being investigated over allegations of bribery by the Commission Against Corruption of .

Wu informed the board of directors that he and Chiang are the people surnamed “Wu” and “Lam” cited in media reports recently, the company said in a statement. Chiang (also referred to as Lam) is believed to be a key person, ’s CAC said on its Web site Saturday, and is thought to have fled to a Southeast Asian country via China last month.

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Macao Studio City

Date January 15, 2007

Project Will Be Region’s First to Integrate Television and Film Production with World-Class Retail, Gaming, and Resort Properties.

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Studio City, Asia’s first leisure resort property combining theatre, television and film production facilities, and Studio Retail(TM), with gaming, and world-class hotels, was officially launched at a groundbreaking ceremony in , , on January 11, 2007.

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Wynn Macau Phase Two Now Opening Q-3

Date January 12, 2007

News just comes through that Wynn Macau Phase Two now will open completely sometime in in the third quarter of 2007, instead of small stages throughout the year. They expect to have this phase completed by July 2007.

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CapitaLand Takes Stake in Macao Studio City

Date January 10, 2007

After two failed attempts to win a casino licence in its home country, local property giant CapitaLand has leapfrogged into — Asia’s gambling heaven — with a deal in its pocket.

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A Look At Melco PBL Listing

Date January 10, 2007

This is rather a good in depth article by Bill Simpson about Melco PBL and the problems it is facing in . I do agree with Bill that Melco PBL will be a winner, but in my opinion not until mid 2008.

Melco PBL ’s IPO was on December 14th. The IPO began trading on December 19, 2006, when 53 million ADSs, representing 159 million ordinary shares, were priced at $19, over the initial price range of $16 to $18 per ADS. The initial public offering was increased to 60 million ADSs, representing 180 million ordinary shares, due to strong demand. The text of Mr. Simpson’s original writeup follows:

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