（吉隆坡）雲頂（GENTING,3182主板貿服組）屬下雲頂國際第三季業績雖有改善，但這些收益遭龐大壞賬勾銷、新元兌英鎊升值等影響而抵消，達證券也謹慎看待英國業務轉虧為盈的計劃。
達證券指出，雲頂國際第三季營業額按季增長41%，達1億7740萬新元，經匯率調整後的營業額也按年增長14%，生意量增加多數來自倫敦的賭場，不過英國郊區賭場表現依然疲弱。
“可是，今年至今，不包括壞賬虧損與利息開銷，英國的雲頂史坦利（Genting Stanley）面對2470萬新元（約5840萬令吉）虧損，前期則取得4930萬新元的盈利，這歸因於業務遜色、贏獎機率下跌、外匯虧損等。”
達證券補充，繼2007財政年的4億5500萬新元後，雲頂史坦利再蒙受為數可觀的減值虧損。
“由於這是考量到未來現金流量的情況而提出的項目，相信是管理層預見商業狀況可能惡化而做出的應對方案，雖然現財政年第三季業績顯著改善。”
分析員表示，由於中東賭客為英國博彩業的主要客戶，隨著油價下滑，這批“貴客”的揮霍能力大受打擊，可能為雲頂國際的營業額造成影響。
為減輕經濟走下坡的衝擊，此集團管理層採取多項削減成本措施，如凍結加薪、探討合理化郊區賭場業務等。
對於新加坡賭場度假村計劃，該公司至今頒出總值42億新元的計劃，其中31億新元為建築工程。
分析員指出，管理層預期其餘工程會在納進建材大幅跌價等情況後發出，相信新的發展開銷會遠低於原先估計的60億新元。
“雖然全球金融信貸緊縮是個隱憂，不過管理層認為風險不大，貸款銀行財團成員包括匯豐銀行、華僑銀行、星展銀行、住友銀行，以及蘇格蘭皇家銀行。”
Source
Sunday, November 23, 2008
Friday, November 21, 2008
圣淘沙名胜世界锁定中国游客
尽管金融海啸席卷全球，中国出境人数却创历史新高，作为本地两大综合度假胜地之一的圣淘沙名胜世界（Resorts World at Sentosa），明显看到这点，把中国游客锁定为主要客源之一。
中国国家旅游局旅游促进与国际联络司司长祝善忠昨天在一个记者会上透露，今年首9个月，中国出境总人数创历史新高，达到3439万人次，比去年同期增长了14.8%。
同样在昨天，名胜世界在上海举行了中国的首场新闻发布会，不但邀集七八十名中国记者，还在会上大派爆米花、进行有奖问答游戏，并让出席者与卡通人物史瑞克（Shrek）及太太Fiona合照等等，为其主要景点新加坡环球影城（Universal Studios）造势。
名胜世界大中华区市场业务与营销总监梁文宁受访时说，不管是举家到新加坡的中国游客、白领或高消费人士，该综合度假胜地都欢迎。为此，公司在过去一年已在大中华地区设立五个办事处（即上海、北京、广州、台北和香港），目前还在探讨在中国其他地方设点。此外，名胜世界已推出全新的华文标志以及一系列以华文书写的宣传文案，并增设两个分别应用简体和繁体字的网站，相当重视大中华游客。
她强调，名胜世界将按照计划在2010年首季首期开业时，开放环球影城、四家酒店、节庆大道和赌场等，概括了该综合度假胜地约七成的设施。
名胜世界的融资问题也是中国媒体关心的另一个课题。
名胜世界大中华区企业传播副总监林顺华重申，该公司没有融资问题，它已在今年4月筹集了三分之二的所需资金，其余资金则将由母公司云顶国际（Genting）拨款。圣淘沙综合度假胜地项目的总成本是60亿元。
不仅名胜世界瞄准中国庞大的旅游市场，新加坡旅游局也同样积极争取。旅游局大中华区署长许文威坦言，虽然今年首10个月抵达本地的中国游客总人次仍有所增加，但明年的情况“更具挑战性”。因此，旅游局明年将在目前以家庭为主的宣传配套的基础上，推出其他新计划。
Source
中国国家旅游局旅游促进与国际联络司司长祝善忠昨天在一个记者会上透露，今年首9个月，中国出境总人数创历史新高，达到3439万人次，比去年同期增长了14.8%。
同样在昨天，名胜世界在上海举行了中国的首场新闻发布会，不但邀集七八十名中国记者，还在会上大派爆米花、进行有奖问答游戏，并让出席者与卡通人物史瑞克（Shrek）及太太Fiona合照等等，为其主要景点新加坡环球影城（Universal Studios）造势。
名胜世界大中华区市场业务与营销总监梁文宁受访时说，不管是举家到新加坡的中国游客、白领或高消费人士，该综合度假胜地都欢迎。为此，公司在过去一年已在大中华地区设立五个办事处（即上海、北京、广州、台北和香港），目前还在探讨在中国其他地方设点。此外，名胜世界已推出全新的华文标志以及一系列以华文书写的宣传文案，并增设两个分别应用简体和繁体字的网站，相当重视大中华游客。
她强调，名胜世界将按照计划在2010年首季首期开业时，开放环球影城、四家酒店、节庆大道和赌场等，概括了该综合度假胜地约七成的设施。
名胜世界的融资问题也是中国媒体关心的另一个课题。
名胜世界大中华区企业传播副总监林顺华重申，该公司没有融资问题，它已在今年4月筹集了三分之二的所需资金，其余资金则将由母公司云顶国际（Genting）拨款。圣淘沙综合度假胜地项目的总成本是60亿元。
不仅名胜世界瞄准中国庞大的旅游市场，新加坡旅游局也同样积极争取。旅游局大中华区署长许文威坦言，虽然今年首10个月抵达本地的中国游客总人次仍有所增加，但明年的情况“更具挑战性”。因此，旅游局明年将在目前以家庭为主的宣传配套的基础上，推出其他新计划。
Source
Tuesday, November 18, 2008
《市場傳聞》麗星(0678.HK)擬終止大馬業務
《彭博》引述馬來西亞周報《EDGE》透露，麗星郵輪(0678.HK)將會終止馬來西亞的營運，並出售馬來西亞西部的巴生港船隊，將資源投放在菲律賓度假地點馬尼拉灣，而麗星管理層對消息不予回應。
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Source
Friday, November 14, 2008
14-11-2008:- Genting Intl 3Q loss narrows
SINGAPORE: Genting International Plc, the owner of the biggest UK casino operator, said its third-quarter loss narrowed from a year earlier, helped by improved gaming wins and a smaller one-time charge from the acquisition of the casino.
The company’s loss was S$116.8 million (RM277.45 million), or 1.27 cents a share, for the three months ended Sept 30, compared with a loss of S$393.4 million, or 5.76 cents, in the year-earlier period, Genting International said yesterday in a statement to the Singapore Exchange. Sales were little changed at S$177.4 million, the company said.
Genting International, which bought Stanley Leisure Plc in 2006, has reported losses in five of the last six quarters as global economic growth slows and higher UK gaming duty rates hurt its revenue. Earnings were also affected after the pound weakened against the Singapore dollar, the company said.
The results included a S$100.8 million impairment charge from the acquisition of the UK casino operator, the company said. During the year-earlier period, Genting International had posted a charge of S$454.6 million after the UK government raised gaming duty rates in April 2007, the company said.
Genting International fell 2.5% to 38.5 Singapore cents before the release of its earnings yesterday. — Bloomberg
Source
The company’s loss was S$116.8 million (RM277.45 million), or 1.27 cents a share, for the three months ended Sept 30, compared with a loss of S$393.4 million, or 5.76 cents, in the year-earlier period, Genting International said yesterday in a statement to the Singapore Exchange. Sales were little changed at S$177.4 million, the company said.
Genting International, which bought Stanley Leisure Plc in 2006, has reported losses in five of the last six quarters as global economic growth slows and higher UK gaming duty rates hurt its revenue. Earnings were also affected after the pound weakened against the Singapore dollar, the company said.
The results included a S$100.8 million impairment charge from the acquisition of the UK casino operator, the company said. During the year-earlier period, Genting International had posted a charge of S$454.6 million after the UK government raised gaming duty rates in April 2007, the company said.
Genting International fell 2.5% to 38.5 Singapore cents before the release of its earnings yesterday. — Bloomberg
Source
Thursday, November 13, 2008
新加坡股市收盘走低，受美国股市和油价下滑拖累
新加坡股市周四收盘走低，追随美国股市前夜的急跌趋势，此外，受对全球经济衰退的担忧影响，投资者在新加坡企业疲弱的业绩面前仍持谨慎态度。
基准新加坡海峡时报指数收盘下跌28.54点，至1755.47点，跌幅1.6%。
下跌股以331比127领先上涨股。
成交量较周三的11亿股有所下降，为9.47亿股。
部分大宗商品类股遭到打击，原因是受全球需求放缓的担忧拖累原油和棕榈油期货合约价格进一步下滑。
房地产类股延续了周三的跌势。
海峡时报指数30只成份股中，4只上涨，3只持平，23只走低。
基准新加坡海峡时报指数收盘下跌28.54点，至1755.47点，跌幅1.6%。
下跌股以331比127领先上涨股。
成交量较周三的11亿股有所下降，为9.47亿股。
部分大宗商品类股遭到打击，原因是受全球需求放缓的担忧拖累原油和棕榈油期货合约价格进一步下滑。
房地产类股延续了周三的跌势。
海峡时报指数30只成份股中，4只上涨，3只持平，23只走低。
Tuesday, November 11, 2008
圣淘沙名胜世界 经济不景 坚聘万人
虽然经济走下坡，圣淘沙名胜世界强调，之前许下要在2010年首季启用时招聘多达一万人的承诺维持不变，不会因经济放缓而削减就业机会。
在将要聘用的一万人当中其中，新加坡环球影城（Universal Studios Singapore）总共将聘用3000人，这方面的第一轮招聘工作已经展开，将聘请300名经理和主任级人员。
他们当中，有100多人将在明年初被安排到美国奥兰多(Orlando)的环球影城，接受长达4个月的在职培训。有关的培训、机票与住宿费总共达500万元，部分费用由新加坡旅游局津贴。
招聘时优先考虑本地人
名胜世界人力资源总监佘邱依文昨天受访时指出，由于本地管理主题公园的专才不多，因此环球影城所要招聘的200名经理级人员中，部分预料将来自海外，包括从外国的环球影城和迪斯尼乐园等“挖人”。
但她强调，这些外国专才将只是占一小部分，公司在进行招聘时还是会优先考虑本地人，特别是在景点和酒店款待业有经验的员工。
她说：“前来主题公园的游客都是为了寻找欢乐而来，所以我们希望所聘用的人员，性格上要活泼好动，享受在户外和游客接触的过程，而不是朝九晚五的工作。”
大部分的招聘工作将在明年下半年展开，预计会聘用2000人，包括负责环球影城日常运作、餐饮、零售、表演娱乐及技术服务方面的人员。
其余的职员则会在明年底至后年初招聘，主要是前线的服务人员。有兴趣到环球影城工作的公众，可到名胜世界网站(www.rwsentosa.com)了解详情。
占地20公顷的环球影城所需招聘的3000名人员将占整个名胜世界总雇员人数的30%，另外30%的员工将来自赌场，30%是酒店、餐饮和娱乐等人员，剩余的10%则是来自企业传播和IT等支援部门。
名胜世界准备在明年底之前聘用8000名员工，到了2010年3月前增加到1万人。
定2010年首季启用的名胜世界在开幕初期，将会开放大概七成的设施，包括四家酒店、环球影城、节庆大道（festive walk）和赌场。
位于西侧的另外两家酒店Equarius和ESPA别墅及其他设施如水上乐园、海事博物馆和海洋生物园则会分阶段启用。
工院生有望到奥兰多环球影城实习
位于圣淘沙名胜世界的环球影城是新加坡首个大规模的主题公园，除了招聘，有计划地栽培有主题公园工作经验的人员因此至关紧要。为了增进年轻学子对这行业的兴趣，名胜世界将帮忙协调本地理工学院生到美国奥兰多环球影城实习4个月，让他们亲身体验在主题公园工作的滋味。
实习出色学生将受聘
圣淘沙名胜世界人力资源总监佘邱依文受访时指出，他们会和奥兰多环球影城保持联系，了解学生的表现，表现出色的学生在毕业后，将享有在本地环球影城受聘的机会。
名胜世界也将参与实习生的遴选过程。
到目前为止有200多名来自义安、新加坡、淡马锡和南洋理工学院各系的二年级和三年级学生对这项实习计划表示兴趣，首批获选的学生将在明年3月动身前往奥兰多。
义安理工学院旅游与度假村管理课程高级讲师詹家敏指出，学院在安排学生出国实习时，会根据学生的家庭收入提供津贴。
参加实习计划的学生每周须工作30至40小时，每工作一小时可获7元2角的津贴。
一般往返美国的机票介于1500元和2500元，有兴趣参与这实习计划的理工学院学生，预计须支付往返美国的机票和生活费。
在义安理工学院就读商科的蔡家寰说：“我曾经到澳洲黄金海岸和马来西亚的云顶主题公园，深深被那里的欢乐气氛吸引。我原本就有继续深造的打算，所以如果实习经验不错，我以后有可能朝旅游业发展。”
被裁员工有望在名胜世界就业
圣淘沙名胜世界有意和进行重组的机构合作，为遭裁退的员工提供再培训和重新雇用的机会，这也包括与银行合作，帮助在金融海啸遭失去工作的员工。
名胜世界的人力资源总监佘邱依文说：“名胜世界对于和可能有意进行重组的机构展开合作持开放态度，这包括对银行。名胜世界在2010年初开幕时，将需要填补1万个职位，而我们已承诺会尽量聘请新加坡人。因此，我们在探讨为任何合适人员提供再培训计划。”
全球经济在过去几个月里频频传出不利消息，当前的金融海啸更是让金融业首当其冲。星展银行上周五在集团的业绩发布会上宣布，银行将在本月内裁退900名员工，这个举措不禁让人担心本地银行业可能掀起裁员风。
除了名胜世界，被裁退的银行业员工也有可能在其他领域另谋生计。
也是全国职工总会副会长的星展银行职员联合会会长江巧爱指出，自星展银行将裁员的消息传开后，职总属下其他工会领袖在上周末与她联系，透露它们各自所属的领域有职位空缺可让遭裁退的员工申请。
星展银行职员联合会也将和有职位空缺的雇主见面，探讨重新雇用遭裁退员工的可能性。
此外，星展银行职员联合会也打算和就业与职能培训中心（e2i）及职总职能提升署合作，为需要转换跑道的员工提供合适的培训。
江巧爱说：“我已吁请有关方面保留这些空缺，他们也表示愿意这么做。我们会在裁员名单出炉后，尽可能帮助会员寻找新就业机会。”
Source
在将要聘用的一万人当中其中，新加坡环球影城（Universal Studios Singapore）总共将聘用3000人，这方面的第一轮招聘工作已经展开，将聘请300名经理和主任级人员。
他们当中，有100多人将在明年初被安排到美国奥兰多(Orlando)的环球影城，接受长达4个月的在职培训。有关的培训、机票与住宿费总共达500万元，部分费用由新加坡旅游局津贴。
招聘时优先考虑本地人
名胜世界人力资源总监佘邱依文昨天受访时指出，由于本地管理主题公园的专才不多，因此环球影城所要招聘的200名经理级人员中，部分预料将来自海外，包括从外国的环球影城和迪斯尼乐园等“挖人”。
但她强调，这些外国专才将只是占一小部分，公司在进行招聘时还是会优先考虑本地人，特别是在景点和酒店款待业有经验的员工。
她说：“前来主题公园的游客都是为了寻找欢乐而来，所以我们希望所聘用的人员，性格上要活泼好动，享受在户外和游客接触的过程，而不是朝九晚五的工作。”
大部分的招聘工作将在明年下半年展开，预计会聘用2000人，包括负责环球影城日常运作、餐饮、零售、表演娱乐及技术服务方面的人员。
其余的职员则会在明年底至后年初招聘，主要是前线的服务人员。有兴趣到环球影城工作的公众，可到名胜世界网站(www.rwsentosa.com)了解详情。
占地20公顷的环球影城所需招聘的3000名人员将占整个名胜世界总雇员人数的30%，另外30%的员工将来自赌场，30%是酒店、餐饮和娱乐等人员，剩余的10%则是来自企业传播和IT等支援部门。
名胜世界准备在明年底之前聘用8000名员工，到了2010年3月前增加到1万人。
定2010年首季启用的名胜世界在开幕初期，将会开放大概七成的设施，包括四家酒店、环球影城、节庆大道（festive walk）和赌场。
位于西侧的另外两家酒店Equarius和ESPA别墅及其他设施如水上乐园、海事博物馆和海洋生物园则会分阶段启用。
工院生有望到奥兰多环球影城实习
位于圣淘沙名胜世界的环球影城是新加坡首个大规模的主题公园，除了招聘，有计划地栽培有主题公园工作经验的人员因此至关紧要。为了增进年轻学子对这行业的兴趣，名胜世界将帮忙协调本地理工学院生到美国奥兰多环球影城实习4个月，让他们亲身体验在主题公园工作的滋味。
实习出色学生将受聘
圣淘沙名胜世界人力资源总监佘邱依文受访时指出，他们会和奥兰多环球影城保持联系，了解学生的表现，表现出色的学生在毕业后，将享有在本地环球影城受聘的机会。
名胜世界也将参与实习生的遴选过程。
到目前为止有200多名来自义安、新加坡、淡马锡和南洋理工学院各系的二年级和三年级学生对这项实习计划表示兴趣，首批获选的学生将在明年3月动身前往奥兰多。
义安理工学院旅游与度假村管理课程高级讲师詹家敏指出，学院在安排学生出国实习时，会根据学生的家庭收入提供津贴。
参加实习计划的学生每周须工作30至40小时，每工作一小时可获7元2角的津贴。
一般往返美国的机票介于1500元和2500元，有兴趣参与这实习计划的理工学院学生，预计须支付往返美国的机票和生活费。
在义安理工学院就读商科的蔡家寰说：“我曾经到澳洲黄金海岸和马来西亚的云顶主题公园，深深被那里的欢乐气氛吸引。我原本就有继续深造的打算，所以如果实习经验不错，我以后有可能朝旅游业发展。”
被裁员工有望在名胜世界就业
圣淘沙名胜世界有意和进行重组的机构合作，为遭裁退的员工提供再培训和重新雇用的机会，这也包括与银行合作，帮助在金融海啸遭失去工作的员工。
名胜世界的人力资源总监佘邱依文说：“名胜世界对于和可能有意进行重组的机构展开合作持开放态度，这包括对银行。名胜世界在2010年初开幕时，将需要填补1万个职位，而我们已承诺会尽量聘请新加坡人。因此，我们在探讨为任何合适人员提供再培训计划。”
全球经济在过去几个月里频频传出不利消息，当前的金融海啸更是让金融业首当其冲。星展银行上周五在集团的业绩发布会上宣布，银行将在本月内裁退900名员工，这个举措不禁让人担心本地银行业可能掀起裁员风。
除了名胜世界，被裁退的银行业员工也有可能在其他领域另谋生计。
也是全国职工总会副会长的星展银行职员联合会会长江巧爱指出，自星展银行将裁员的消息传开后，职总属下其他工会领袖在上周末与她联系，透露它们各自所属的领域有职位空缺可让遭裁退的员工申请。
星展银行职员联合会也将和有职位空缺的雇主见面，探讨重新雇用遭裁退员工的可能性。
此外，星展银行职员联合会也打算和就业与职能培训中心（e2i）及职总职能提升署合作，为需要转换跑道的员工提供合适的培训。
江巧爱说：“我已吁请有关方面保留这些空缺，他们也表示愿意这么做。我们会在裁员名单出炉后，尽可能帮助会员寻找新就业机会。”
Source
Monday, November 10, 2008
博彩公司考察韩国投资机会
《南华早报》(South China Morning Post)周一援引韩国政府方面的消息报导，信德集团有限公司(Shun Tak Holdings Ltd., 0242.HK, 简称：信德集团)、美高梅金殿梦幻(MGM MIRAGE, MGM)、拉斯维加斯金沙集团股份有限公司(Las Vegas Sands Corp., LVS)和云顶集团(Genting Group)等博彩运营商被邀前往韩国考察博彩和娱乐场投资机会。
《南华早报》援引Jeju Free International City Development总经理Cha Woo-jin报导称，上述4家公司和其他一些小投资者3个月前被邀前往韩国济州岛进行了实地考察，以评估当地的投资潜力。
但Cha表示，韩国的禁赌法令可能将构成障碍，政府正在考虑取消禁令。
Cha表示，第一家外资赌场最早要到2015年才能开张。
《南华早报》援引Jeju Free International City Development总经理Cha Woo-jin报导称，上述4家公司和其他一些小投资者3个月前被邀前往韩国济州岛进行了实地考察，以评估当地的投资潜力。
但Cha表示，韩国的禁赌法令可能将构成障碍，政府正在考虑取消禁令。
Cha表示，第一家外资赌场最早要到2015年才能开张。
Manila Bay casino city to proceed
STATE-RUN gambling firm Philippine Amusement and Gaming Corp. said construction of its $10-billion Entertainment City on Manila Bay will start in the first quarter next year—and despite the financial crisis that has delayed a number of casino projects in Asia.
The complex would allow Pagcor to more than double its income to about $1.3 billion by 2012, a company official said.
“We see no problems hampering construction,” the official said.
“As far as we can see, our project is not affected by the financial crisis.”
Pagcor recently released the terms of reference for the 85-hectare Bagong Nayong Pilipino Entertainment City, in which each investor is required to put in at least $1 billion.
The complex will be built on reclaimed land, and it will include hotels, convention centers, theaters, sports stadiums, restaurants, shopping centers, cultural complexes, museums and amusement parks.
Pagcor said earlier it had secured commitments from investors such as the Genting Berhad Group and Star Cruises of Malaysia, Alliance Global Inc. of the Philippines, the Aruze Group of Japan, and Bloomburry Investments of Australia.
The company said no prospective investors were pulling out of the project despite the financial crunch.
“In fact, SM Investments Corp. is in the process of completing the requirements asked by Pagcor of investors in the project,” the official said.
“SM is also in talks with various foreign groups such as MGM Resorts for possible tie-ups.”
The official said unaudited figures showed that Pagcor’s income rose 11.6 percent to P14.85 billion in the first half of 2008 from P13.30 billion in the same period last year.
He said growth continued to the second half of the year, though figures were not yet available.
“October was a record-breaking month,” he said.
“We gained our second highest monthly income in the history of Pagcor that month.”
The official cited a study by the accounting firm Price Waterhouse Coopers saying Pagcor’s revenues would increase at the compound rate of 17.8 percent until 2012.
“Revenues will increase from $577 million in 2007 to a projected $1.3 billion in 2012,” the official said.
Still, a big casino operator being wooed by Pagcor is facing bankruptcy.
Las Vegas Sands Corp., which operates casinos in Las Vegas, Macau and Singapore, has hinted that it may default on its $8.8-billion debt.
Casino revenues in Las Vegas and Atlantic City have gone down this year as a result of the financial crisis, which has prevented Americans from spending on non-essentials.
Source
The complex would allow Pagcor to more than double its income to about $1.3 billion by 2012, a company official said.
“We see no problems hampering construction,” the official said.
“As far as we can see, our project is not affected by the financial crisis.”
Pagcor recently released the terms of reference for the 85-hectare Bagong Nayong Pilipino Entertainment City, in which each investor is required to put in at least $1 billion.
The complex will be built on reclaimed land, and it will include hotels, convention centers, theaters, sports stadiums, restaurants, shopping centers, cultural complexes, museums and amusement parks.
Pagcor said earlier it had secured commitments from investors such as the Genting Berhad Group and Star Cruises of Malaysia, Alliance Global Inc. of the Philippines, the Aruze Group of Japan, and Bloomburry Investments of Australia.
The company said no prospective investors were pulling out of the project despite the financial crunch.
“In fact, SM Investments Corp. is in the process of completing the requirements asked by Pagcor of investors in the project,” the official said.
“SM is also in talks with various foreign groups such as MGM Resorts for possible tie-ups.”
The official said unaudited figures showed that Pagcor’s income rose 11.6 percent to P14.85 billion in the first half of 2008 from P13.30 billion in the same period last year.
He said growth continued to the second half of the year, though figures were not yet available.
“October was a record-breaking month,” he said.
“We gained our second highest monthly income in the history of Pagcor that month.”
The official cited a study by the accounting firm Price Waterhouse Coopers saying Pagcor’s revenues would increase at the compound rate of 17.8 percent until 2012.
“Revenues will increase from $577 million in 2007 to a projected $1.3 billion in 2012,” the official said.
Still, a big casino operator being wooed by Pagcor is facing bankruptcy.
Las Vegas Sands Corp., which operates casinos in Las Vegas, Macau and Singapore, has hinted that it may default on its $8.8-billion debt.
Casino revenues in Las Vegas and Atlantic City have gone down this year as a result of the financial crisis, which has prevented Americans from spending on non-essentials.
Source
CapitaLand says no casino talks with Las Vegas Sands
SINGAPORE, Nov 10 (Reuters) - Property developer CapitaLand said on Monday it has not held any talks with Las Vegas Sands over its Singapore casino-resort project, but will explore opportunities to invest in distressed assets.
The statement came after brokerage firm CIMB said in a report on Monday that CapitaLand, Southeast Asia's biggest property firm, and the Singapore government may take over the casino-resort if Las Vegas Sands fails to avert loan defaults.
Local newspapers have reported that Las Vegas Sands had held talks with the Singapore government about the project, which is targeted to open at the end of 2009.
"CapitaLand wishes to clarify that no discussion has transpired between itself and Sands," it said in a statement.
"In the present continuing global recessionary environment, it is strategically watching the situation and studying opportunities related to distressed companies or assets, in Singapore and other core markets," CapitaLand said.
CapitaLand is 40 percent owned by Singapore sovereign wealth fund Temasek Holdings.
Last week Las Vegas Sands affirmed its commitment to the Marina Bay project in Singapore as investors became concerned about its fate after the casino operator's auditor said there are doubts about the company's ability to continue as a going concern.
The statement came after brokerage firm CIMB said in a report on Monday that CapitaLand, Southeast Asia's biggest property firm, and the Singapore government may take over the casino-resort if Las Vegas Sands fails to avert loan defaults.
Local newspapers have reported that Las Vegas Sands had held talks with the Singapore government about the project, which is targeted to open at the end of 2009.
"CapitaLand wishes to clarify that no discussion has transpired between itself and Sands," it said in a statement.
"In the present continuing global recessionary environment, it is strategically watching the situation and studying opportunities related to distressed companies or assets, in Singapore and other core markets," CapitaLand said.
CapitaLand is 40 percent owned by Singapore sovereign wealth fund Temasek Holdings.
Last week Las Vegas Sands affirmed its commitment to the Marina Bay project in Singapore as investors became concerned about its fate after the casino operator's auditor said there are doubts about the company's ability to continue as a going concern.
Wednesday, November 5, 2008
Sentosa IR 60% ready by 2010
The steel frame for the first ride at the Universal Studios theme park in Sentosa, the Revenge of the Mummy, was winched into place last week.
It is one of the 21 attractions that will be ready to roll when the 49ha Resorts World at Sentosa has its soft opening in the first quarter of 2010. The theme park is part of the Resorts World integrated resort (IR).
Three other rides, including the Transformer one, will be added later.
The picture is much the same in the rest of the resort: About 60 per cent of it will be ready for visitors when it debuts in March 2010.
Of the six hotels, four will be opening then. Maxims Residences, Festive Hotel, Hotel Michael and Hard Rock Hotel will make available 1,400 rooms.
Also slated to open then are the casino and the half-kilometre-long Festive Walk with its shops and restaurants.
Resorts World's head of communications Krist Boo said negotiations with the Government to fix the opening dates for the remaining 40 per cent of the resort are ongoing. These include its Marine Life Park, the Maritime Xperiential Museum and the remaining two hotels.
Giving an update on the construction yesterday, Ms Boo and executive vice-president of projects Michael Chin said more than 2,000 people are working round the clock on the project.
Construction cannot begin on the western end of the project because the area is now being used as a staging ground to hold the containers of equipment coming in for the construction and fitting-out of the theme park.
Before The Revenge of the Mummy ride could be assembled on site, for example, space was needed to store, lay out and put together the 20 container-loads of equipment making up the ride.Resorts World had not reckoned on needing this much space.
Mr Chin said that the original plan was to manage the staging within the Universal Studios' site, but because the park and other properties had to be at least mostly ready by March 2010, this was not possible.
The west end of the resort thus came to be where the theme park attractions were laid out and assembled.
After construction of the four hotels is completed by March next year, their interiors will be fitted out, said Mr Chin.
In the theme park itself, work has also begun on the other attractions such as Jurassic Park and Waterworld. Mr Chin said that by the middle of next year, the exterior of the attractions will be completed, leaving six to eight months to fit out the rides and test them.
Hiring of the 10,000 staff for the resort will also begin then.
Ms Boo also said application for the casino licence should take place 'some time next year' once half the gross floor area and half the $6 billion budget have been committed.
She said: 'By late 2009, we should be very comfortably ready for our soft opening in 2010.'
Source
It is one of the 21 attractions that will be ready to roll when the 49ha Resorts World at Sentosa has its soft opening in the first quarter of 2010. The theme park is part of the Resorts World integrated resort (IR).
Three other rides, including the Transformer one, will be added later.
The picture is much the same in the rest of the resort: About 60 per cent of it will be ready for visitors when it debuts in March 2010.
Of the six hotels, four will be opening then. Maxims Residences, Festive Hotel, Hotel Michael and Hard Rock Hotel will make available 1,400 rooms.
Also slated to open then are the casino and the half-kilometre-long Festive Walk with its shops and restaurants.
Resorts World's head of communications Krist Boo said negotiations with the Government to fix the opening dates for the remaining 40 per cent of the resort are ongoing. These include its Marine Life Park, the Maritime Xperiential Museum and the remaining two hotels.
Giving an update on the construction yesterday, Ms Boo and executive vice-president of projects Michael Chin said more than 2,000 people are working round the clock on the project.
Construction cannot begin on the western end of the project because the area is now being used as a staging ground to hold the containers of equipment coming in for the construction and fitting-out of the theme park.
Before The Revenge of the Mummy ride could be assembled on site, for example, space was needed to store, lay out and put together the 20 container-loads of equipment making up the ride.Resorts World had not reckoned on needing this much space.
Mr Chin said that the original plan was to manage the staging within the Universal Studios' site, but because the park and other properties had to be at least mostly ready by March 2010, this was not possible.
The west end of the resort thus came to be where the theme park attractions were laid out and assembled.
After construction of the four hotels is completed by March next year, their interiors will be fitted out, said Mr Chin.
In the theme park itself, work has also begun on the other attractions such as Jurassic Park and Waterworld. Mr Chin said that by the middle of next year, the exterior of the attractions will be completed, leaving six to eight months to fit out the rides and test them.
Hiring of the 10,000 staff for the resort will also begin then.
Ms Boo also said application for the casino licence should take place 'some time next year' once half the gross floor area and half the $6 billion budget have been committed.
She said: 'By late 2009, we should be very comfortably ready for our soft opening in 2010.'
Source
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