THE M3: SO COMMENTS ON JAN; JOCKEY CLUB CASINO; SOLAIRE

THE MACAU METRO MONITOR, FEBRUARY 11, 2014

 

 

SO 'NOT WORRIED' ABOUT 7% JAN GROWTH Macau News

“There were a lot of people but business is not as good,” So said of SJM's revenue in January.  So said that the slowed-down growth was “nothing to worry about” as there was no drop in the amount of gaming chips bought by customers, pointing out that casinos look at the win percentage to determine their revenue.  Last month's slowed-down growth rate, So said, was nothing to worry about as he believed it won’t be a trend.

 

JOCKEY CLUB AWAITS APPROVAL TO REOPEN CASINO Macau Daily Times 

Macau Jockey Club (MJC) is planning to reopen its casino following a ten-year absence.  Jockey Club CEO Thomas Li Chu Kwan confirmed that the casino is now being redecorated and will be reopened as soon as government approval arrives.  There is currently no timetable for the casino’s reopening, and neither are there specific numbers on gambling tables and slot machines to be set up.

 

BLOOMBERRY RAISES US$253 MLN TO EXPAND SOLAIRE Macau Business

Bloomberry Resorts Corp has raised privately US$253.4 million (MOP2.03 billion) to expand its Solaire Resort and Casino in Manila’s Entertainment City.  The casino-resort operator had sold corporate notes to BDO Unibank Inc, China Banking Corp, Robinsons Bank Corp and United Coconut Planters Bank, among others.  The Phase 1-A expansion of Solaire will include 200 more slot machines and 65 gaming tables, a 300-room hotel, mixed-use space, a 1,800-seat theatre and a nightclub.


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