THE MACAU METRO MONITOR, JANUARY 14, 2014
NEPTUNE BUYS INTO CITY OF DREAMS JUNKET OPERATOR Macau Business
VIP gaming investor Neptune Group Ltd says it is buying the right to 5% of the earnings of junket operator Ocean Star Entertainment Co Ltd. Neptune will pay HK$208.3 million (US$26.9 million) for its portion. Ocean Star Entertainment runs a VIP gaming club at CoD. The club has at least 11 tables and average rolling chip turnover of HK$6.43 billion a month. The deal is part of Neptune’s expansion of its presence in the junket business in Cotai.
ROCKEFELLER'S FIRM PLANS $2.5 BILLION VIETNAM DEVELOPMENT Bloomberg
Rose Rock Group, a Rockefeller family-backed alternative investment management firm, will help develop a $2.5 billion residential and hotel project in Vung Ro Bay. The project will include 350 marina berths, hotels with more than 760 rooms, 4,300 residential apartments, 100 townhouses and retail shops.
Vietnam’s VinaCapital Group, the country’s largest fund manager, is planning to build a $4 billion casino-resort complex in Quang Nam province on the south-central coast after developing a beach resort in Danang about six years ago, Chief Executive Officer Don Lam said.
LOUIS XIII BORROWS HK$3 BN TO BUILD COLOANE HOTEL Macau Business
Louis XIII Holdings Ltd says it has arranged a HK$3.05 billion (US$393 million) loan and will spend the money on building its casino-hotel on Coloane. Its subsidiary New Concordia Hotel Ltd agreed on a six-year loan facility with the Hong Kong branch of a mainland bank, which it did not identify. Louis XIII expects its Coloane casino-hotel to open in 2016. The government has yet to formally approve any gaming facilities in the hotel.
PACKAGE TOURS AND HOTEL OCCUPANCY RATE FOR NOVEMBER 2013 DSEC
Macau visitor arrivals in package tour totaled 769,447 in November 2013, down -9.9% YoY. Visitors from Mainland China (567,931) decreased by 11.7% YoY, with 276,156 from Guangdong Province, which was followed by Taiwan (58,163); the Republic of Korea (35,726); and Hong Kong (35,190). The average length of stay of guests held stable as November 2012, at 1.4 nights.