A $1 billion IPO planned by tycoon Stanley Ho’s Macau flagship gives investors a rare chance to bet on a casino boom that has been funded mostly by loans, and more public markets capital-raising is on the cards.
Given the billions required to finance a planned construction spree and the change in funding needs as a [...]
Archive for January, 2008
SJM IPO
January 11, 2008Macau tourism booming
January 11, 2008The number of visitors to the tiny island of Macau rose by an impressive 23 per cent last year, putting the number at 27 million arrivals and the casino capital of the Far East on track to surpass Hong Kong this year.
Hong Kong received 28 million visits last year, a jump of 10 per cent.
Macau [...]
January 2, 2008
–Happy New Year’s–
Macau celebrated the coming of the new year all throughout the city, with performances and shows and the appearance of local celebrities at the Macau Fisherman’s Wharf and the Sai Vai Lakes. Amongst the new year’s activities, the Grand Lisboa started its celebrations at 11pm and at midnight had its first countdown into [...]
