8th Aug 2011 MON
Special Gaming Report (Extracts)
6th Aug 2011
Extracts of
Macau Daily Blog
Resorts World@Macau, has been on the charts since December 2006 and came alive again when Genting Resorts tried to do a deal with Dr Stanley Ho to enter the lucrative Macau casino market. However the Singaporean Regulators stepped in and the deal has since been back on the back burner. As you can see at the below map the location is superb, right in the heart of the Macau Golden Triangle.
Star Cruises’ 75% owned subsidiary New Orisol Investments has entered into sale and
purchase agreements to acquire a 75% interest in Macau Land Investment
Corporation, which owns a parcel of land known as No.1 Lago Nam Van, Macau,
located on the shores of Nam Van Lake in downtown Macau. Genting International
owns the balance of the 25% stake in New Orisol.
Sometimes On, sometimes Off... It never found the right timing! sounds like the Macau Studio City
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Editorial Comments
THIS piece of project has been on the On-Off switch over the last few years since 2006. In 2007 it almost took off but faced with some problems…
Now it is being revised because the project hopes to rally the Chinese Dim-sum Bonds as well as foreign investors money.
But at this juncture of very weak debt market in the US and Europe, coupled with recent downgrade of US treasury bonds rating to AA+ from AAA grade, it is a very bad timing for this project (Resorts World @ Macau) to receive any positive attention.
Further more, the downside of Macau’s gaming industry is more real than apparent.
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