The Macau Metro Monitor, January 31, 2011
CLAIM AGAINST LAS VEGAS SANDS REGARDING MACAU LICENSE DISMISSED macaubusiness.com
Las Vegas Sands announced the District Labour Court in Tel Aviv has dismissed a claim from Moshe Hananel, a former LVS executive. Hananel had claimed that he gave Adelson the idea to invest in Macau and an option for 12% of the company's business in Macau for helping Las Vegas Sands get a license in Macau.
BILLIONAIRE HO SENT TO HOSPITAL AMID LAWSUIT, CABLE TV SAYS Bloomberg
Stanley Ho was taken to the Hong Kong Sanatorium & Hospital, local broadcaster Cable TV reported. Over the weekend, Brunswick Group, a PR firm acting on behalf of defendants Chan Un-chan, Ho's 3rd wife, and her five children, stated that Ho had dropped the lawsuit against his family. However, Ho's lawyers denied such actions.
According to Pansy Ho, the Ho family met on Jan. 27 in Macau to discuss the family dispute but "the discussion did not lead to any conclusion nor consensus."
GUANGZHOU-ZHUHAI INTERCITY RAIL TO RUN BY FALL People's Daily
The provincial Development & Reform Commission originally required that the Guangzhou‐Zhuhai intercity rail to reach Gongbei in 1H11. Guangzhou‐Zhuhai intercity rail is expected to run into downtown areas by July 1 and access Gongbei station by October at the latest.
SOME BANKS IN CHINA STOPPED LENDING IN JANUARY Macau Daily News
Some of China's major banks have stopped extending credit in January as they have already reached the month’s lending quotas. As stated, lending in January should not exceed 12% of the 2011 full‐year target. New loans have exceeded 1.2 trillion yuan as of Jan 24th.