The Macau Metro Monitor, January 22, 2013
PYE SHAREHOLDERS APPROVE BOUTIQUE CASINO DEAL Macau Business
Paul Y. Engineering Group Ltd shareholders approved a deal allowing the company to hold land, raise share capital and sell bonds for a boutique casino in Macau. Paul Y. Engineering Group – a unit of separately-listed ports and infrastructure business PYI Corporation Ltd – plans to raise funds for the US$800 million (MOP6.4 billion) casino hotel scheme by issuing shares on the Hong Kong Stock Exchange and by selling convertible bonds.
The casino property is planned to be located next door to the residential complex One Oasis, and will have 236 rooms and up to 66 live gaming tables.
CONSUMER PRICE INDEX FOR DECEMBER 2012 DSEC
Macau's inflation rate for 2012 stood at 6.11%. The Composite CPI for December 2012 increased by 5.83% YoY and 0.85% MoM.