Gaming | Packer fans speculation of Crown bid by resigning from board

James Packer stepped down as a director of Crown Resorts Ltd., intensifying speculation he’s closer to bidding for the company or some of its assets. The billionaire’s closely held investment vehicle, which

Real Estate Matters | Common misconceptions about renting a property in Macau (Part 5 of 6)

Juliet Risdon is a Director of JML Property and a property investor. Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties

CSG assigned A+ rating for foreign currency issuance

Meanwhile, CSG’s Hong Kong subsidiary was assigned a Long-Term Foreign Currency IDR of “A” and a senior unsecured rating of “A.” The state-owned power grid operator controls a monopoly in the

Corporate Bits | Ten awards to Sands retailers

The Macau International Airport Company (CAM) has issued a press release announcing its MOP100,000 contribution to the 32nd edition of the “Walk For A Million,” which took place on Sunday.

Corporate Bits | 750 sands employees reach a decade

More than 2,500 employees have so far been with the gaming operator for more than ten years, representing a total of 11 percent of Sands China’s existing workforce. “Our success

S Korea lowers growth outlook for 2016

South Korea lowered its growth outlook for 2016 yesterday, citing headwinds for exports from China’s slowdown. The finance ministry said Asia’s fourth-largest economy will expand 3.1 percent next year. It previously forecast

Luxury-goods market | Prada hits record low after missing forecasts on poor sales

Prada SpA plunged to a record low in Hong Kong trading after the company reported third-quarter profit that missed analyst estimates as sales in the HKSAR and Macau continued to

Corporate Bits | Smartphone briefing for elderly

CTM says it is committed to promoting the popularization of information technology. The company says that the briefing benefits elderly residents by enriching their lifestyle through a more effective use

Gaming | Old lawsuits never die. They don’t even fade away, tribe learns

California’s latest water war is being waged at the edge of wine country against an Indian tribe planning a massive casino expansion as a group of landowners tries to stop

57 percent of gaming visitors wage less than MOP2,000

The findings of the Macao Visitor Profile Survey for the second quarter of 2015 suggest that 57 percent of tourists that admit to gambling spend less than MOP2,000 on the

Corporate Bits | Over 40 trainees complete ‘CEM brightening stars’ internship program in six years

To celebrate Christmas and New Year’s Eve this year, Studio City has numerous offerings for the holiday season. Festive ideas include a family outing experiencing a 4D adventure with Batman, or

Yuan declines to four-year low as new index signals weakness

China’s yuan fell to a four-year low after the central bank said the currency shouldn’t be measured by its moves against the dollar alone, a statement that is being interpreted

Corporate Bits | Air Supply rocks the Venetian Macao

Singer-songwriter and guitarist Graham Russell and lead vocalist Russell Hitchcock drew applause from The Venetian Theatre crowd as they took to the stage as they played their most recognizable songs.

Malaysia cargo firm says it owns 3 jets left idle at airport

A new Malaysian air cargo company said Friday it is the owner of three jumbo jets parked for more than a year at the country’s main airport and that it

China eases yuan grip to allow biggest weekly drop since August

The yuan recorded its biggest weekly drop since an August devaluation on speculation China’s central bank is taking advantage of a stronger dollar to allow a decline before the U.S.

Real Estate Matters | Common misconceptions about renting a property in Macau (Part 4 of 6)

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. After

Corporate Bits | Ring in 2016 at MGM Macau

Buffet restaurant Rossio is presenting New Year’s Eve and New Year’s buffet options on December 31 and January 1, 2016. Guests at the New Year’s Eve Dinner Buffet will be

China’s November auto sales accelerate on SUV popularity

China’s auto sales grew at this year’s fastest rate in November as Chinese manufacturers took market share from global rivals, helped by the popularity of their lower-priced SUVs, an industry group

Inditex sales rise at fastest pace in three years on Spain

Revenue rose 15 percent excluding currency shifts in the nine months through October and continued at that rate in the start of the final quarter, the Arteixo, Spain- based owner of

China’s Postal Bank raises USD7b from stake sale

The stake sale ahead of a planned initial public offering by the Chinese lender lured 10 firms including UBS Group AG, the Canada Pension Plan Investment Board and Temasek Holdings

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