The Macau Metro Monitor, March 17, 2011
ADELSON DUBS JACOBS ALLEGATIONS AS "LIES AND FABRICATIONS" macaubusiness.com
In his first comments on the Jacobs case, CEO Adelson said, “While I have largely stayed silent on the matter to this point, the recycling of his allegations must be addressed. We have a substantial list of reasons why Steve Jacobs was fired for cause and interestingly he has not refuted a single one of them. Instead, he has attempted to explain his termination by using outright lies and fabrications which seem to have their origins in delusion.”
VENETIAN SAYS INVESTING IN HENGQIN NOT THE RIGHT TIME Macau Daily News
According to the President and COO of the Venetian Macao, Edward Tracy, Venetian will initiate many large‐scale projects in the future 5 to 6 years. However, Hengqin is not in the company's interest at this time.
HONG KONG-ZHUHAI-MACAU BRIDGE FINANCING SEALED IFR Asia
The long-awaited financing to back the construction of the Hong Kong-Zhuhai-Macau Bridge has been closed as a RMB 29.39BN onshore deal with seven banks joining.
PACKAGE TOURS AND HOTEL OCCUPANCY RATE FOR JANUARY 2011 DSEC
Visitor arrivals in package tours decreased by 3.7% YoY to 442,061 in January 2011. Visitors from Mainland China (316,362), Japan (22,224) and Hong Kong (17,522) decreased by 3.8%, 6.5% and 15.1%; however, visitors from Republic of Korea (24,050) and Taiwan (23,961) increased by 85.6% and 4.5% respectively.