Oct

28

Cotai Strip condos NOT for sale?

Filed Under Macau, Macao, Venetian Macao, Cotai Strip® | Leave a Comment

cotai macau hotels

This is all so confusing.

Las Vegas Sands put this press release out just a few days ago which said, “The legal separation of the property will allow the company to transfer the apartment hotel building into a separate cooperative holding company and to sell cooperative interests in the tower in a manner similar to the way apartment units are sold in New York City and other international locations.”

Now, the Macau Daily Times is reporting the following:  Read more

Oct

25

Travel restrictions may ease

Filed Under Macau, Macao, TOURISM, TRAVEL | Leave a Comment

The Central Government in Beijing may relax restrictions imposed to mainland Chinese residents to visit Macau, in a move to save Macau from possible economic downturn.Meanwhile, academics in Guangdong said in a seminar in Guangzhou that Beijing has included Macau’s development positioning into the Development Plan of the Pearl River Delta Region.

Director of the Insitute of International Economy of the Guangdong Academy of Social Sciences, Qiu Shan (丘杉) said that the document will explicitly indicate that the Central Government ‘fully supports Macau to reinforce its position as a world-class tourism and leisure centre’. Read more

Oct

22

Cotai Strip condos for sale

Filed Under Macau, Macao, Las Vegas Sands, Real Estate, Four Season's Hotel Macao, Cotai Strip® | Leave a Comment

cotai strip real estate condos

Las Vegas Sands Corp. announced today that the government of the Special Administrative Region of Macao has approved the legal separation of the company’s Four Seasons apartment hotel tower from the other components of its Four Seasons parcel on the Cotai Strip®. The legal separation of the property will allow the company to transfer the apartment hotel building into a separate cooperative holding company and to sell cooperative interests in the tower in a manner similar to the way apartment units are sold in New York City and other international locations. In addition, the approval from the Macao government clears the way for the company to monetize the cash flow generated by The Shoppes at Four Seasons, its 200,000 square foot luxury retail mall, which is also located on the Four Seasons parcel. Read more

Oct

19

MPEL Provides an Update of Construction Progress and Financing at City of Dreams

Filed Under Macau, Macao, Cotai, Melco PBL, City of Dreams | Leave a Comment

Melco Crown Entertainment Limited seeks to update the status of progress at City of Dreams, its flagship integrated casino hotel resort development in Macau, in response to recent turbulence in global financial market conditions and certain press reports.City of Dreams remains fully on target to open to the public during the first half of 2009. Construction activity will be maintained at maximum capacity through the end of 2008 to deliver the construction timetable to completion. Our projected budget for phases one and two of City of Dreams also remains unchanged.  Read more

Oct

15

Cotai Strip shopping assets may be sold

Filed Under Macau, Macao, Las Vegas Sands, Shopping, Cotai Strip® | Leave a Comment

From Reuters:

Las Vegas Sands Corp might spin off billions of dollars of Macau retail assets into a property fund, but is under no pressure for a quick sale despite problems funding ambitious casino expansion, an executive said.

The company, which runs the giant Venetian Macao casino and is building more hotels and casinos in the territory, floated the idea of selling its shops into a listed property trust a couple of years ago.

But with stock markets tanking in the last year, hitting real estate investment trusts (REITs) hard, Las Vegas Sands is now considering packaging the property into a fund for institutional investors.

“It’s something we’ll look at, whether it’s a wholesale fund or a REIT,” David Sylvester, the company’s head of retail in Asia, told Reuters in an interview.  Read more

Oct

11

More Macau sex

Filed Under Macau, Macao, MICE, Cotai Strip® | 1 Comment

macau sexAs if there wasn’t enough sex going on in Macau! The Cotai Strip’s Venetian Macao will host an Asian sex(ok, its actually “adult entertainment”) expo this December 4-7. Read more from the press release:

Asia Adult Expo (referred as “AAE”) will be held at the Venetian Convention & Exhibition Centre, Macau from Dec 4-7, 2008. Vertical Expo Services Co Ltd (referred as “Vertical Expo”) presents AAE as the foremost and professional adult event it at the heart of Asia – Asia’s Vegas.

Dr. Ng Man Lun, vice-president of the Hong Kong Sex Education Association and the Associate Director and Honorary Professor of the HKU Family Institute, said “This expo is a golden opportunity for the public to see a wide range of sex-related products.”

Since the launch of AAE, the adult industry and associations have been responding positively and involving in the event. Hong Kong Sex Education Association has joined hand-in-hand with the Family Planning Association of Hong Kong, Society for the study of Sexualities and Sex-pol, and the 10% club to support AAE. Held concurrently with AAE, they will organize the third “Hong Kong Macau Sex Cultural Festival 2008 – Macau exhibition” to promote sex from an educational angel.  Read more

Oct

10

The Mall at Macao Studio City video

Filed Under Macau, Macao, Cotai, Macau Studio City, Shopping | 1 Comment

I only have two comments:

1) What happened to the Destination Macau guy? He was Destination Macau in my opinion. Nothing against this lady, but there’s no comparison.

3) Im glad there is a video for the Mall at Studio City, but what about the actual Macao Studio City resort??? What in the world is the status of that thing?

Oct

8

Linkin Park Cancels Macao Concert

Filed Under Macau, Macao, Concerts, Cotai Strip® | Leave a Comment

Linkin Park has been forced to cancel their upcoming Music For Relief Concerts in Mainland China, Macau and Taipei as lead vocalist Chester Bennington has sustained a back injury and is under doctor’s orders to refrain from traveling or any physical activities. Linkin Park sincerely regrets this unavoidable cancellation and apologizes to fans for any disappointment caused. Tickets will be refunded at point of purchase.

The concerts were organized as fundraisers to benefit Sichuan, an area ravaged by a devastating earthquake this past May. However, thanks to generous donations from concert promoter Emma Ticketmaster and Linkin Park, funds will still be contributed to the band’s nonprofit organization, Music for Relief, and matched by the World Bank. Read more

Oct

1

Back by unpopular demand, its…

Filed Under Macau, Macao | 1 Comment

DAILY DOSE OF MACAO!  I just couldnt let this idea die, so I’ve revamped it a bit.  If you remember, I was posting a bunch of daily links about Macao that I thought you guys might find useful.  Well, I’ve scrapped that idea and decided I’d post some real actual content on a daily basis relating to the Macao casino, tourism, economy, and business scene.

This should give everyone a daily update of the most relevant happenings in Macao as the news is released.  Just keep an eye on the upper right hand corner of this site for the daily news articles.