• It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

THE MACAU METRO MONITOR, DECEMBER 18, 2013

MOCHA OPENS TWO SLOT PARLOURS IN NEW LOCATIONS Macau Business

The government has permitted Mocha Clubs to open two slot machine parlours, replacing others forced to close last month.  The slot machine division of MPEL has permission to open a parlour next to Ponte 16 and another in Centro Commercial Kuong Fat in Rua de Pequim.  Mocha Clubs president Constance Hsu Ching Hui said a third parlour would open once the company had found a suitable hotel to put it in.  They replace parlours closed on November 26 because the law forbids gaming establishments in residential areas.

PACKER WINS GOVT APPROVAL FOR SRI LANKAN RESORT Macau Business

Sri Lanka has approved Crown Resorts Ltd’s US$400-million (MOP3.2 billion) development in Colombo.  While Crown does not have explicit permission to operate casinos at the lakeside resort, gaming operations are likely to be part of the project.  Chairman James Packer, who is co-chairman of MPEL, has partnered with Rank Entertainment Holdings Pvt Ltd on the project.

Rank holds two casino licences in Sri Lanka.