Gaming | MGM said close to USD1.13b sale of Las Vegas mall to Simon

MGM Resorts International has reached an agreement to sell its Shops at Crystals mall in Las Vegas to a Simon Property Group Inc. partnership for USD1.13 billion, according to a

Corporate Bits | Sands resorts launches Macau getaway package

The package offers an array of options to dine at any of the 13 signature restaurants, as well as a choice of a range of entertainment gifts including retail offers

Biggest rally in four months | China stocks up on economic stimulus bets

  China’s stocks rallied the most since November, led by property companies and commodity producers, on speculation the government will announce measures to boost growth at legislative meetings this week. The Shanghai

Gaming alert | Philippine regulator probes alleged money-laundering

  The Philippines is training its sights on the gaming sector in a renewed push to curb the transmission of illicit funds. The Philippine Amusement and Gaming Corporation has started investigating news

Corporate Bits | Emirates completes World’s longest nonstop flight

Passengers are set to spend 17 hours and 15 minutes in the air on the return journey from Auckland to Dubai in the longest duration flight, according to reports. A Qantas

Corporate Bits | 7-eleven opens in macau airport

A 7-Eleven shop at the south side of the Departure Hall commenced business last month, aiming to provide passengers and airport staff with a one-stop convenience store service on a

PMI | Chinese factories lose more momentum, surveys show

  China’s manufacturing outlook deteriorated in February, according to two surveys of factory activity released yesterday, a day after Beijing loosened credit to counter sluggish conditions in the world’s second biggest

Entertainment | China’s box office tally last month outpaced North America’s

China’s monthly box office surpassed North America’s for the first time in February, which included the peak movie-going period of Lunar New Year. Chinese cinemas took a record 6.87 billion yuan

HK dollar in biggest monthly gain since 2011 as peg holds

The Hong Kong dollar recorded the biggest monthly gain since 2011 on optimism that the city will maintain its peg to the greenback. The local dollar last month slumped to its

China moves to shore up slowing growth

  In a step to shore up slowing economic growth, China freed up more money for lending yesterday by cutting the amount its banks are required to hold in reserve. The move

Asset manager with USD40 billion can ignore ‘financial Armageddon’

  The man in charge of bond investment at Norway’s biggest bank says monetary stimulus will save the world, for now. Next month, the European Central Bank may step in to rescue

Corporate Bits | Properties at Sands resorts ranked in Destinasian

DestinAsian, a travel and lifestyle magazine, announced the winners of its 2016 Readers’ Choice Awards in Bangkok. The Venetian Macao was ranked first in the “Best Hotels in Macau” category, followed

Corporate Bits | Sands resorts held sales excellence awards

A total of 13 sales and marketing awards were presented to trade partners in the leisure and MICE industries in recognition of their efforts. GZL International Travel Service Ltd took

S Korea grants casino license to Mohegan-KCC consortium

South Korea has chosen a consortium led by U.S. tribal casino operator Mohegan Sun as the winner of an integrated resort project, allowing one additional casino in Yeongjong’s western gateway

Las Vegas gaming revenue drops

According to the state’s Gaming Control Board report, Nevada’s non-restricted gaming licensees reported a total “gaming win” of USD925 million in January, a 2.8 percent year- on-year decrease. More than USD530 million

Car sales decline 30 percent in Macau

Tse, who is president of the Macau Motor Traders Association, said that the new car tax policies encouraged customers to buy vehicles before the implementation of the new regulations at

Finance officials promise to shore up sagging growth

Finance officials of the world’s biggest economies promised Saturday to use “all tools” to shore up sagging global growth and to avoid devaluing their currencies to boost exports, but made

Hong Kong Airlines launches direct flight to Cambodia

A passenger aircraft of China’s Hong Kong Airlines touched down at Phnom Penh international airport on Saturday afternoon, marking its start of thrice-weekly flight service to the Cambodian capital. The Airbus

Real Estate Matters | The Challenges Facing Macau What is it going to take to restore confidence?

Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for owners and investors, and providing attractive and comfortable homes for tenants. Anyone

China facing pressure to reassure on economy at G-20 meeting

China faces pressure to reassure nervous world markets about its economic and currency management at today’s gathering in Shanghai of finance ministers and central bankers from the United States, Europe

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