The Macau Metro Monitor.  December 9th, 2009



It was disclosed yesterday that Macau will have a light rail system connecting the peninsula with Taipa Island and the Cotai Strip in four years.  Construction on the system will start soon and there is a plan to eventually link the LRT system to the future Hong Kong-Zhuhai-Macau Bridge.  Macau transport infrastructure office consultant Michael Lan Soi-hoi has said that the first phase of the LRT project, costing MOP7.5 billion, will be completed in 2014.  Passenger capacity will reach 14,000 at peak hours in 2020 and fares are expected to range between four and six patacas. 




Stanley Ho’s Sociedade de Jogos (SJM) announced Tuesday that is will open its Casino Oceanus at Jai Alai on Tuesday of next week.  SJM Chief Executive Officer Ambrose So Shu Fai said that the Oceanus “provides another anchor to our business on the Macau Pennisula, the principal gaming and entertainment area of Macau”.   The casino will have a staff of 2,400, according the announcement. 




Melco Crown Entertainment does not plan to raise equity, but will refinance its debt through bonds and bank loans by mid-2010, its CFO said on Wednesday.  CFO Simon Dewhurst also said that Melco Crown could “carry comfortably” $US1.5 to 2 billion of debt on its balance sheet.

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