THE M3: GALAXY MACAU GRAND OPENING; CHINA FEB LENDING; BORDER CHECKPOINT; MORE ILLEGAL WORKERS

The Macau Metro Monitor, March 10, 2011

 


GALAXY ENTERTAINMENT: NEW MACAU PROPERTY GRAND OPENING MAY 15 WSJ

Galaxy Entertainment Group Ltd said Galaxy Macau will open May 15, 2011 with 450 tables, 2,200 hotel rooms and +50 F&B outlets.  Chairman Francis Lui said Galaxy will apply to the government to host more gaming tables (room for 150 more) beyond its initial 450 "if and when necessary."  It expects Galaxy Macau to be the only new resort to open in the Chinese gambling territory until "at least the end of 2011."

 

CHINA NEW BANK LENDING UNDER $600 BILLION YUAN IN FEBRUARY Xinhua News

Chinese banks extended less than $600 billion yuan in new loans in February.  In January, Chinese banks loaned just over $1 trillion yuan.

 

MACAU: BORDER CHECKPOINT HOURS TO BE EXTENDED Macau Daily News

The daily opening hours of the Gongbei‐Macau border is expected to extend by 2 to 3 hours by the end of the year or early next year.  The first meeting between Guangdong and Macau will be held next month, and both sides have already agreed to put the extension of immigration checkpoint’s opening hours and regulations for cars with Macau registration plates to be driven in Hengqin Island on this year’s agenda. The Macau government has indicated the ultimate aim to operate a 24‐hour border checkpoint.

 

The Macau government also plans to establish a joint venture with Henguin for developing the business zone. The construction of the Henguin initiative is expected to be kicked off by the end of next month. The government intends to support some high potential emerging industries and may introduce new measures to encourage gaming enterprises to develop non‐gaming businesses.

 

ILLEGAL WORKERS FOUND AT GALAXY MACAU'S SITE Macau Daily Times

According to the Public Security Police, Macau authorities yesterday found 23 illegal workers during a raid on the Galaxy Macau construction site.


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