Jun
23
SJM IPO looks to be a go
Filed Under Macau, Macao, SJM | Leave a Comment
Recent press reports are saying that Stanley Ho’s SJM launched the marketing of its IPO today. The company hopes to raise up to US$654 with the stock planned to start trading July 10th. This has been a long time in coming so lets hope it gets done. Im sure we would all love to have another public company to follow.
Jun
19
MGM Mirage expands into China
Filed Under MGM & Pansy Ho | Leave a Comment
MGM Mirage put out a press release officially announcing a jbig oint venture project where the company will run an MGM Mirage hotel (no casino) in China. This is part of the company’s new growth strategy.
I imagine this will help introduce more Chinese to its brand, which should boost the awareness Read more
Jun
13
SJM IPO Part II…or is it Part III?
Filed Under Macau, Macao, SJM | Leave a Comment
To be honest, ive lost track of how many times SJM has been rumored to try and pull off an IPO. With the recent restrictions in Macau making life easier for the current casinos and putting a halt to future competition, maybe things will go smoother this go around. Although, if you take a look at the recent stock Read more
May
15
Galaxy announces Banyan Tree Hotel at Mega Resort
Filed Under Macau, Macao, Cotai, Galaxy, Cotai Mega Resort, Banyan Tree Hotel | Leave a Comment
Banyan Tree to create a luxury resort featuring luxurious suites, pool villas and its award winning spa in Galaxy’s mega resort in Cotai 15 May 2008, Hong Kong / Macau - Galaxy Entertainment Group Limited (”Galaxy” HKSE:0027) today announced an agreement for Banyan Tree Holdings Limited (”Banyan Tree” Singapore:B58), a leading Asian resort hotel brand, to develop and operate a luxury resort featuring luxurious suites, pool villas and its award winning spa resort in the Galaxy mega resort in Cotai, Macau. Read more
Apr
30
Wynn expanding its Asian presence?
Filed Under Wynn, GLOBAL CASINO BOOM | 1 Comment
I plan on keeping my two blogs pretty separate, but sometimes there may be something interesting elsewhere that could be of interest to those following the Macao gaming industry, and I’ll try and bring it to your attention.
So for those who care, it looks like Wynn may play a part in a US$2.5 billion casino project in Manila Bay, Philippines with its largest non-Steve shareholder, Aruze.
Apr
27
Cotai Strip® shopping
Filed Under Macau, Macao, Cotai, Las Vegas Sands, Shopping | Leave a Comment
1 down, 1 almost down, and three to go. According to IHT.com, LVS announced that it plans to open its second of five shopping malls on the Cotai Strip this July.
The upcoming mall will feature 100 brands across 200,000 plus square feet of space. The company also plans on opening an additional three shopping malls, and when all five shopping malls are complete, LVS’ Cotai Strip will have 1,200 stores across more than 3 million square feet. Read more
Mar
30
LVS wants to build more Cotai Strips®
Filed Under Cotai, Las Vegas Sands | 4 Comments
In his quest for global gaming domination, Sheldon Adelson discussed his desire to build more multi-billion dollar Cotai Strip® like casino destinations around the world, but with one caveat - it has to be on his terms of NO TAXES.
LVS’s argument to a potential hosting country would be that if LVS is risking an investment of $15-20 billion dollars, while creating hundreds of thousands of good paying jobs and bringing in millions of new tourists into the country, the arrangement would still be a big win-win for both parties.
What Mr. Adelson brings to the table - his success in Vegas, Macau and Singapore, plus global clout and billions - could be so compelling that I wouldnt be surprised if at least one country takes him up on his offer. Read more
Mar
13
Macau Studio City’s Ritz Carlton nervous?
Filed Under Macau, Macao, Cotai, eSun and New Cotai, Ritz Carlton Macao | Leave a Comment
Take a look at this quote about Macau Studio City’s Ritz Carlton Macao hotel from the Macau Daily Times:
He (Macau Studio City President Simon Cooper) added that Macau does not have the international air routes to develop a Las Vegas style entertainment centre.
The hotel is still definitely committed to the Cotai project, Ambrose Cheung told the Macau Daily Times yesterday, adding that the hotel is nervous about theincreasing competition.
“Hoteliers are always cautious and if you think about it you are getting close to 18,000 rooms in Macau and close to 50,000 in the next few years,” said Mr Cheung.
I can understand Read more
Mar
1
SJM will launch its IPO sooner or later - right? This is worth checking out to learn more about this private company. Warning - its 10 minutes long. Read more
Mar
1
MGM Mirage background
Filed Under Macau, Macao, Wall Street, MGM & Pansy Ho | Leave a Comment
I’ve always thought it was good to give a little background information on the companys that are transforming Macau, especially for those Asian readers who may not be as familiar with some of the US based companies.
Here is a nice article that Forbes did on MGM-Mirage. Its not really Macau specific, but its interesting to see how their strategy has changed over the years and compare Read more
Mar
1
Crown Macau on a roll
Filed Under Macau, Macao, Cotai, Melco PBL, Crown Macau | Leave a Comment
Lord knows MPEL’s Crown Macau had its troubles last year, so I wanted to make sure everyone saw how successful its revamped VIP strategy has been. This news is a few weeks old, but like I said, they deserve their time in the spotlight
From Macau Daily Times:
Crown Macau’s VIP share of the gaming market has soared to 18 percent this month thanks largely to a new junket deal introduced last December, developer Melco PBL Entertainment (MPEL) reported yesterday. Read more
Mar
1
Las Vegas Sands Annual Report Review
Filed Under Macau, Macao, Cotai, Las Vegas Sands, Wall Street | Leave a Comment
Macau Daily Times did a quick run through on some interesting points located in Las Vegas Sands recent annual report filing. One of the more interesting things that you’ll find tucked away in there is that LVS still doesnt have the land concessions approved for several of the Cotai Strip® sites that they have already started construction on. This is not new news to everyone though, as an astute analyst had picked up on this last year and wrote about it in his blog, ZachStocks.com.
From the 10-K annual report: Read more