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US firm buys big stake in The 13 Holdings

US firm buys big stake in The 13 Holdings

Ahead of the opening of its The 13 luxury hotel in Coloane slated for later this quarter, Hong Kong-listed property developer The 13 Holdings has announced that American investment firm Evolution Capital Management has acquired a major stake in its business.
MGM reports revenue of HKD14.9 billion for 2016

MGM reports revenue of HKD14.9 billion for 2016

Gaming operator MGM China reported a total revenue of HKD14.9 billion for the 2016 financial year. In the year under review, MGM China recorded an EBITDA of HKD4.5 billion, a slight dip from HKD4.7 billion in 2015.
Melco Crown revenue up 13 percent in 2016 Q4

Melco Crown revenue up 13 percent in 2016 Q4

Melco Crown Entertainment Ltd. reported its unaudited financial results for the fourth quarter and for the full year ending December 31, 2016. The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to almost USD1,193.
Vivek Nair

Vivek Nair

Born 2 May 1971, in Gwalior, in the state of Madhya Pradesh in central India, Nair’s had a passion for education from an early age. His philosophy that education provides children with the means to be pro-active inspired him to move to Macao in 2001.
Seac Pai Van water plant project to start 2017 mid-year

Seac Pai Van water plant project to start 2017 mid-year

Macao Water Executive Director Nacky Kuan Sio Peng said on Wednesday that construction of the Seac Pai Van water treatment plant was slated to start in the middle of this year, adding that the facility is planned to be operational in 2019.
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