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Day: April 18, 2012

Ponte 16 inks HK$1.9 billion, 400 million yuan loan

Ponte 16 inks HK$1.9 billion, 400 million yuan loan

Pier 16 –Property Development Ltd., the owner of the Ponte 16 casino-hotel in Macau, announced in a statement Tuesday the signing of HK$1.9 billion and 400 million yuan 5-year syndicated loan facilities with 11 banks. According to the statement cited by The Macau Post Daily today, ICBC (Macau) Ltd. is the mandated lead arranger and […]
Hong Kong tycoon denies bribery claim in Ao Man-long case

Hong Kong tycoon denies bribery claim in Ao Man-long case

Chinese Estates Holdings chairman Joseph Lau Luen-hung Tuesday denied bribing ex- Macau official Ao Man-long, according to the Hong Kong media today. In a filing to the Hong Kong bourse, Lau said he had not given Macau’s former secretary for transport and public works “an unlawful advancement or bribe.” Macau’s Court of Final Appeal alleged […]
Hotel occupancy rate reaches 82.3 pct in Jan-Feb

Hotel occupancy rate reaches 82.3 pct in Jan-Feb

Macau’s hospitality industry logged an average occupancy rate of 82.3 percent in the first two months this year, up 1.6 percent from a year earlier, according to official statistics. The number of guests rose 14.4 percent year-on-year to 1.42 million between January and February. Hotel guests accounted for 30.9 percent of all visitor arrivals in […]