Depa Limited 'ticker DEPA', the world's largest interior contractor, today announces that its joint venture, DDS Contracts & Interior Solutions Pte Ltd 'DDS', has won an Dhs118m contract for the fit-out works of an entertainment venue at Resorts World 'RWS' an integrated holiday resort on the popular island of Sentosa, Singapore.
Mr. Mohannad Sweid, CEO of Depa, commented:
'DDS has made outstanding progress in the Singaporean market and we believe that it will continue to win the most prestigious landmark hotel, lifestyle and commercial projects in the future. Like Depa, DDS is establishing a reputation as a leading player that prides itself in its ability to work on selected projects and deliver them on time and on budget.'
RWS is one of Singapore's two integrated resorts and is located on the island of Sentosa which is visited by some five million people a year. Expected to be one of the world's most exciting family destinations, RWS will be a collection of resorts with a wide range of attractions for families. Spanning 49 hectares, this Dhs15bn mega-resort will be home to Southeast Asia's first and only Universal Studios theme park, the world's largest oceanarium and the region's first integrated destination spa.
DDS has been contracted to provide interior design fit-out works and services including the supply of furniture for the 15,000 square meters entertainment venue in the luxury hotel, Maxim Residences.
Mr. Bernard Lim, CEO of DDS and Design Studio, said:
'Resorts World at Sentosa will transform the landscape of Singapore when completed. We are proud to be associated with this exciting destination and look forward in bringing our expertise to the project. Our ability to secure good quality projects speaks volumes of the Company's capabilities. We will build on this track record and continue to explore similar high end projects within the region.'
DDS, in which Depa holds 55% and Design Studio 45%, is a specialist company well-positioned to become a significant player offering comprehensive fit-out services, including turnkey and retrofitting services, to new and existing hospitality and commercial projects. The joint venture targets interior contracts in the hospitality & commercial segments within Singapore, Malaysia, Thailand, Indonesia and Vietnam. This contract is expected to contribute positively to Design Studio's and Depa's financial performance for FY2009 / 2010.
Source
Monday, December 29, 2008
ST Engineering's Electronics Arm Wins S$86M Integrated Resort Contracts
Singapore, 29 December 2008 - Singapore Technologies Engineering Ltd (ST Engineering), today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics), has been awarded contracts worth about S$86m to provide an Integrated Security System, an IT Infrastructure System and a Carpark Guidance & Payment System to Resorts World at Sentosa (RWS) on Sentosa.
The contracts were awarded through ST Electronics' subsidiary, ST Electronics (Info-Comm Systems) Pte. Ltd.These contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
The award of the contracts marks a milestone for ST Electronics as it is the company's first major win from an Integrated Resort.
Work begins immediately and ST Electronics will deliver the systems for RWS on Sentosa over the next 24 months.
It will provide project management, system integration, site management and test and commission the three systems - Integrated Security System, IT Infrastructure System and Carpark Guidance & Payment System.
The Integrated Security System will provide integrated surveillance and video monitoring of RWS' facilities and attractions, including its casino, as well as Universal Studios Singapore.
The centrally managed system will ensure that daily security operations progress seamlessly and efficiently.
The IT Infrastructure System will comprise the network infrastructure system, the structured cabling system and the building of data centres to support the data, video and audio transmission requirements of RWS.The Carpark Guidance and Payment System will provide guidance information and direct vehicles to vacant lots based on a zonal approach.
This system is coupled with an electronic payment system to handle carpark fee collections.
"The security and efficiency that will result from this system provided by ST Electronics will be translated to enhancing the guest experience when Resorts World at Sentosa opens to 15 million visitors in its first year of operations." ~ Michael CHIN, Executive Vice President, Projects, Resorts World at Sentosa
"As a leading solutions provider in integrated security systems and infrastructure, we are delighted to win this series of contracts that brings together our proven technologies, related services and expertise to benefit Resorts World at Sentosa (RWS), a world-class Singapore Integrated Resort.
These comprehensive systems will provide a safe and secure environment that will make RWS a great place for entertainment, edutainment and leisure." ~ SEAH Moon Ming, President, ST ElectronicsST Electronics has significant expertise in intelligent building management and security solutions. Some of its projects include the Dubai Festival City; Thai Airways Security Centre; Beijing's Capital Museum, Singapore Management University and Capital Tower. ST Electronics' carpark management systems is currently implemented in the Esplanade, Plaza Singapura, Tampines Mall, CapitaMall Trust, IMM and Bugis Junction.
It has also established large-scale info-communication network for the Maldives Government and the Singapore Prison Service's Changi Prison Complex Cluster B.
Source
The contracts were awarded through ST Electronics' subsidiary, ST Electronics (Info-Comm Systems) Pte. Ltd.These contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
The award of the contracts marks a milestone for ST Electronics as it is the company's first major win from an Integrated Resort.
Work begins immediately and ST Electronics will deliver the systems for RWS on Sentosa over the next 24 months.
It will provide project management, system integration, site management and test and commission the three systems - Integrated Security System, IT Infrastructure System and Carpark Guidance & Payment System.
The Integrated Security System will provide integrated surveillance and video monitoring of RWS' facilities and attractions, including its casino, as well as Universal Studios Singapore.
The centrally managed system will ensure that daily security operations progress seamlessly and efficiently.
The IT Infrastructure System will comprise the network infrastructure system, the structured cabling system and the building of data centres to support the data, video and audio transmission requirements of RWS.The Carpark Guidance and Payment System will provide guidance information and direct vehicles to vacant lots based on a zonal approach.
This system is coupled with an electronic payment system to handle carpark fee collections.
"The security and efficiency that will result from this system provided by ST Electronics will be translated to enhancing the guest experience when Resorts World at Sentosa opens to 15 million visitors in its first year of operations." ~ Michael CHIN, Executive Vice President, Projects, Resorts World at Sentosa
"As a leading solutions provider in integrated security systems and infrastructure, we are delighted to win this series of contracts that brings together our proven technologies, related services and expertise to benefit Resorts World at Sentosa (RWS), a world-class Singapore Integrated Resort.
These comprehensive systems will provide a safe and secure environment that will make RWS a great place for entertainment, edutainment and leisure." ~ SEAH Moon Ming, President, ST ElectronicsST Electronics has significant expertise in intelligent building management and security solutions. Some of its projects include the Dubai Festival City; Thai Airways Security Centre; Beijing's Capital Museum, Singapore Management University and Capital Tower. ST Electronics' carpark management systems is currently implemented in the Esplanade, Plaza Singapura, Tampines Mall, CapitaMall Trust, IMM and Bugis Junction.
It has also established large-scale info-communication network for the Maldives Government and the Singapore Prison Service's Changi Prison Complex Cluster B.
Source
Sunday, December 28, 2008
Premier Rides Tapped to Build Mummy Ride for Universal Singapore
Sentosa, Singapore, (Premier Rides) - Resorts World at Sentosa, a wholly owned subsidiary of Genting International P.L.C., has announced that Premier Rides, Inc. has been awarded the contract to build the ride equipment for The Revenge of The Mummy attraction at Universal Studios Singapore, which is presently under construction.
The award, one of the largest ride contracts associated with the new theme park project, has a contract value of over $20 million USD. The Revenge of the Mummy is one of Universal’s signature ride attractions having already debuted at Universal Studios Florida and Universal Studios Hollywood.
Genting International is building a world class gaming and destination resort on Sentosa Island, Singapore and Universal Studios Singapore will be a key element of the development.
Mr. Tan Hee Teck, CEO of Resorts World Sentosa said, “We are excited to have Premier as one of our key suppliers. Their experience on this attraction will ensure a successful opening of the ride.” Jim Seay, President of Premier Rides, adds, “Genting International is one of the most highly regarded companies in Asia in multiple fields, including entertainment, and it is an honor for Premier to have been selected to provide the equipment for such a prestigious project.
We look forward to teaming with Genting International on this amazing ride attraction and look forward to its success."“The Revenge of the Mummy is consistently recognized as one of the top attractions at both Universal Studios Florida and Universal Studios Hollywood and we look forward to guests of Universal Studios Singapore being able to experience this one of a kind attraction,” Mr. Seay said. Premier was the supplier of the ride equipment for both the Universal Studios’ installations in the United States.
Universal Studios Singapore is scheduled to open at the end of 2009.
Source
The award, one of the largest ride contracts associated with the new theme park project, has a contract value of over $20 million USD. The Revenge of the Mummy is one of Universal’s signature ride attractions having already debuted at Universal Studios Florida and Universal Studios Hollywood.
Genting International is building a world class gaming and destination resort on Sentosa Island, Singapore and Universal Studios Singapore will be a key element of the development.
Mr. Tan Hee Teck, CEO of Resorts World Sentosa said, “We are excited to have Premier as one of our key suppliers. Their experience on this attraction will ensure a successful opening of the ride.” Jim Seay, President of Premier Rides, adds, “Genting International is one of the most highly regarded companies in Asia in multiple fields, including entertainment, and it is an honor for Premier to have been selected to provide the equipment for such a prestigious project.
We look forward to teaming with Genting International on this amazing ride attraction and look forward to its success."“The Revenge of the Mummy is consistently recognized as one of the top attractions at both Universal Studios Florida and Universal Studios Hollywood and we look forward to guests of Universal Studios Singapore being able to experience this one of a kind attraction,” Mr. Seay said. Premier was the supplier of the ride equipment for both the Universal Studios’ installations in the United States.
Universal Studios Singapore is scheduled to open at the end of 2009.
Source
Tuesday, December 23, 2008
Star Cruises invests US$550,000 for the world’s first onboard stainless steel water slide on Superstar Virgo
Star Cruises, the third largest cruise operator in the world is proud to present the world’s first stainless steel water slide on a cruise ship on SuperStar Virgo.
Costing a whopping US$550,000, the superstructure will be installed on the luxurious liner during her dry dock in January 2009.
Mr. Michael Goh, Senior Vice President of Sales of Star Cruises said, “We are very excited about the new gigantic water slide which is to be installed on the SuperStar Virgo.
We believe in giving our cruisers the best cruise experiences; this latest feature is part of our continuous effort to upgrade our products and services to provide our cruisers with more endless fun times and values onboard.
As it is the first of its kind on a cruise ship, it will be something that all cruisers can look forward to. The 100-meter slide will be completed by the end of January 2009, and it promises lots of fun splashes on board our largest ship in the Asian fleet.”The gigantic slide is a product by Wiegan Maelzer, the supplier to water parks world-wide.
The 100-meter slide will go up to 10.54 meters above the deck and with an average inclination of 10%, it will offer sliders a maximum speed of 7 meters per second.
Together with a spectacular 5m long glass tube at 25m above the ocean surface, sliders will experience the thrill of flying above the ocean.
The 25 % inclination towards the end will further accelerate the slider up to a speed of 25km per hour before splashing into the water break.
Source
Costing a whopping US$550,000, the superstructure will be installed on the luxurious liner during her dry dock in January 2009.
Mr. Michael Goh, Senior Vice President of Sales of Star Cruises said, “We are very excited about the new gigantic water slide which is to be installed on the SuperStar Virgo.
We believe in giving our cruisers the best cruise experiences; this latest feature is part of our continuous effort to upgrade our products and services to provide our cruisers with more endless fun times and values onboard.
As it is the first of its kind on a cruise ship, it will be something that all cruisers can look forward to. The 100-meter slide will be completed by the end of January 2009, and it promises lots of fun splashes on board our largest ship in the Asian fleet.”The gigantic slide is a product by Wiegan Maelzer, the supplier to water parks world-wide.
The 100-meter slide will go up to 10.54 meters above the deck and with an average inclination of 10%, it will offer sliders a maximum speed of 7 meters per second.
Together with a spectacular 5m long glass tube at 25m above the ocean surface, sliders will experience the thrill of flying above the ocean.
The 25 % inclination towards the end will further accelerate the slider up to a speed of 25km per hour before splashing into the water break.
Source
Monday, December 22, 2008
Friday, December 19, 2008
STX Europe says NCL halves cruise ship order
OSLO, Dec 18 (Reuters) - Star Cruises unit Norwegian Cruise Line (NCL) has cancelled its order for a second "F3" cruise ship from shipbuilding group STX Europe , but will move ahead with the first order, STX said on Thursday.
The remaining 150,000 ton F3 cruise ship, which will be built by STX Europe's French shipyard, will carry a total of 4,200 passenger. Delivery is expected in late May 2010, as originally scheduled, STX said.
"The planned second vessel, currently only in the preparatory stages, will not be built," STX Europe, a unit of STX Shipbuilding <067250.ks>, said in a statement.
"With this agreement, we can all focus on completing the new vessel successfully," Chief Executive of NCL, Kevin Sheehan, said in the statement.
"We, along with our subcontractors, will now make the necessary adjustments to our plans for this project," head of STX France Cruise, Jacques Hardelay, said.
STX Europe has 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam, and is a part owner of three yards in Germany and Ukraine.
The remaining 150,000 ton F3 cruise ship, which will be built by STX Europe's French shipyard, will carry a total of 4,200 passenger. Delivery is expected in late May 2010, as originally scheduled, STX said.
"The planned second vessel, currently only in the preparatory stages, will not be built," STX Europe, a unit of STX Shipbuilding <067250.ks>, said in a statement.
"With this agreement, we can all focus on completing the new vessel successfully," Chief Executive of NCL, Kevin Sheehan, said in the statement.
"We, along with our subcontractors, will now make the necessary adjustments to our plans for this project," head of STX France Cruise, Jacques Hardelay, said.
STX Europe has 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam, and is a part owner of three yards in Germany and Ukraine.
Monday, December 15, 2008
亚太股市全线走高 日经大涨5.2%
亚太股市周一全线走高，主要受到美国政府打算动用7,000亿美元金融市场救助资金来拯救企业业的利好消息推动。
东京股市收盘走高，个股普涨，因美国政府此前宣布将考虑动用7,000亿美元金融市场救助资金来避免美国汽车业倒闭，该消息尤其对汽车相关类股起到提振作用。日经指数收盘涨428.79点，至8664.66点，涨幅5.2%。包括东京证交所一部所有股票的东证指数涨33.56点，至846.93点，涨幅4.1%。
香港股市走高，受中国政府上周末公布的救市措施以及在美国减息预期推动下香港地产类股的走高提振。蓝筹恒生指数收盘涨288.56点，至15,046.95点，涨幅1.96%，盘中交易区间在15,007.42点至15,386.90点。市场成交额为426.1亿港元，低于上周五的587.7亿港元。
中国股市收盘走高。中国政府通过增加银行贷款支持经济增长的最新举措使股市早盘走高，但低于预期的11月份工业产值数据使股指收盘时回吐部分涨幅。基准上证综合指数收盘涨0.5%，至1964.37点，脱离盘中高点1989.30点。深证综合指数涨1.0%，至590.36点。
澳大利亚股市收盘触及两周新高，美国白宫称其将考虑动用问题资产救助计划下的资金挽救濒临破产的美国汽车业之后全球股市纷纷上扬。基准的S&P/ASX 200指数收盘涨81点，至3591.4点，涨幅2.3%；之前一度触及3664.4点。材料类股领涨大盘，必和必拓(BHP)涨7.2%，至30.90澳元；力拓(Rio Tinto)涨10%，至39.90澳元。
新加坡股市收盘走高，因市场对美国政府将救助汽车业的预期复燃；若美国汽车业获得救助，数百万工作机会将得到保全。新加坡海峡时报指数收盘涨34.42点，至1,744.76点，涨幅2.0%，追随地区股市涨势。
东京股市收盘走高，个股普涨，因美国政府此前宣布将考虑动用7,000亿美元金融市场救助资金来避免美国汽车业倒闭，该消息尤其对汽车相关类股起到提振作用。日经指数收盘涨428.79点，至8664.66点，涨幅5.2%。包括东京证交所一部所有股票的东证指数涨33.56点，至846.93点，涨幅4.1%。
香港股市走高，受中国政府上周末公布的救市措施以及在美国减息预期推动下香港地产类股的走高提振。蓝筹恒生指数收盘涨288.56点，至15,046.95点，涨幅1.96%，盘中交易区间在15,007.42点至15,386.90点。市场成交额为426.1亿港元，低于上周五的587.7亿港元。
中国股市收盘走高。中国政府通过增加银行贷款支持经济增长的最新举措使股市早盘走高，但低于预期的11月份工业产值数据使股指收盘时回吐部分涨幅。基准上证综合指数收盘涨0.5%，至1964.37点，脱离盘中高点1989.30点。深证综合指数涨1.0%，至590.36点。
澳大利亚股市收盘触及两周新高，美国白宫称其将考虑动用问题资产救助计划下的资金挽救濒临破产的美国汽车业之后全球股市纷纷上扬。基准的S&P/ASX 200指数收盘涨81点，至3591.4点，涨幅2.3%；之前一度触及3664.4点。材料类股领涨大盘，必和必拓(BHP)涨7.2%，至30.90澳元；力拓(Rio Tinto)涨10%，至39.90澳元。
新加坡股市收盘走高，因市场对美国政府将救助汽车业的预期复燃；若美国汽车业获得救助，数百万工作机会将得到保全。新加坡海峡时报指数收盘涨34.42点，至1,744.76点，涨幅2.0%，追随地区股市涨势。
新加坡耗资276亿 圣淘沙名胜世界2010年开园
新加坡砸276亿全力打造旅游业新亮点
“圣淘沙名胜世界”有望2010年初开园迎客
本报上海讯（记者 刘放）新加坡旅游局日前在上海透露，新加坡耗资约276亿元人民币、占地49公顷的旅游业新亮点——“圣淘沙名胜世界”，没有受到正席卷全球的金融风暴影响，整个项目进展顺利，有望在2010年春季正式开园迎客。
据悉，这一旅游业新亮点几乎是新加坡南部著名岛屿圣淘沙的十分之一面积，其中拥有东南亚独一无二的环球影城公园、海洋生物园两大世界级主题公园以及多家酒店、餐馆和商店，将成为亚洲家庭度假的首选目的地。
环球影城不惧与迪斯尼乐园竞争
据介绍，新加坡环球影城是世界上第一个以变形金刚为主题的环球影城公园，同时也拥有以《侏罗纪公园》、《水上世界》、《木乃伊复仇记》、《史瑞克》等好莱坞电影设计出的过山车和其他游乐项目。新加坡环球影城市场业务与营销总经理道格拉斯在接受记者采访时称，新加坡环球影城与日本大阪的环球影城并不完全相同，其中的24个景点有18个是根据当地特点重新设计或修改的，“你还是会看到森林，还是会看到恐龙，可是你历险的、探险的过程不一样，你的经历也就不同”。
除了大阪环球影城之外，目前香港已经有了迪斯尼乐园，上海将兴建新的迪斯尼乐园的消息也传得沸沸扬扬，在谈及这一点时，道格拉斯表示，环球影城从来都不惧怕与迪斯尼乐园的竞争，因为两者是完全不一样的，“进入环球影城就好像进入电影的真实环境，比如进入侏罗纪公园，你看到的就真的是森林的布置，你会看到在电影看到过的主角，他们会逃生，你就彷佛是在和他们一起经历逃生的过程；再比如过山车，也会让你感觉到你是和电影融为一体的”。
名胜世界大中华区企业传播总监林顺华则在谈及新加坡与香港的竞争时称，香港的迪斯尼乐园跟海洋公园是两个不同的业者经营的，而新加坡名胜世界则是同一家公司经营两大主题公园，“香港的迪斯尼乐园跟海洋公园是互相较量，而我们是互相配合，仅这一方面，我们就比他们强”。
金融危机没有影响新加坡旅游业
业界对金融危机席卷全球的背景下，新加坡这一投资庞大的项目是否会受到影响颇有疑虑，林顺华就此表示，由于这一项目的融资开展得比较早，所有资金也都在金融危机爆发前就已经到位，所以很幸运地没有受到什么影响。他透露说，这一项目三分之二的资金是向星展银行、华侨银行、汇丰银行、苏格兰皇家银行和三井住友银行融的资，余下部分由圣陶沙名胜世界母公司云顶国际提供资产支持。目前整个项目进展顺利，“如果你有机会在明年3月份左右去到新加坡，你就能看到圣淘沙的风景已经是一个全新的面貌，我们四家酒店都已经盖顶，环球影城主体都已经落成，接下来就是安装个别的设施”。
据介绍，圣淘沙名胜世界2010年初开园时，将会雇佣10,000名员工。林顺华认为，金融危机不会对新加坡旅游业产生什么影响，他说援引新加坡官方的相关预测数据说，预计2010年圣淘沙名胜世界开园后，将吸引1500万游客。
Source
“圣淘沙名胜世界”有望2010年初开园迎客
本报上海讯（记者 刘放）新加坡旅游局日前在上海透露，新加坡耗资约276亿元人民币、占地49公顷的旅游业新亮点——“圣淘沙名胜世界”，没有受到正席卷全球的金融风暴影响，整个项目进展顺利，有望在2010年春季正式开园迎客。
据悉，这一旅游业新亮点几乎是新加坡南部著名岛屿圣淘沙的十分之一面积，其中拥有东南亚独一无二的环球影城公园、海洋生物园两大世界级主题公园以及多家酒店、餐馆和商店，将成为亚洲家庭度假的首选目的地。
环球影城不惧与迪斯尼乐园竞争
据介绍，新加坡环球影城是世界上第一个以变形金刚为主题的环球影城公园，同时也拥有以《侏罗纪公园》、《水上世界》、《木乃伊复仇记》、《史瑞克》等好莱坞电影设计出的过山车和其他游乐项目。新加坡环球影城市场业务与营销总经理道格拉斯在接受记者采访时称，新加坡环球影城与日本大阪的环球影城并不完全相同，其中的24个景点有18个是根据当地特点重新设计或修改的，“你还是会看到森林，还是会看到恐龙，可是你历险的、探险的过程不一样，你的经历也就不同”。
除了大阪环球影城之外，目前香港已经有了迪斯尼乐园，上海将兴建新的迪斯尼乐园的消息也传得沸沸扬扬，在谈及这一点时，道格拉斯表示，环球影城从来都不惧怕与迪斯尼乐园的竞争，因为两者是完全不一样的，“进入环球影城就好像进入电影的真实环境，比如进入侏罗纪公园，你看到的就真的是森林的布置，你会看到在电影看到过的主角，他们会逃生，你就彷佛是在和他们一起经历逃生的过程；再比如过山车，也会让你感觉到你是和电影融为一体的”。
名胜世界大中华区企业传播总监林顺华则在谈及新加坡与香港的竞争时称，香港的迪斯尼乐园跟海洋公园是两个不同的业者经营的，而新加坡名胜世界则是同一家公司经营两大主题公园，“香港的迪斯尼乐园跟海洋公园是互相较量，而我们是互相配合，仅这一方面，我们就比他们强”。
金融危机没有影响新加坡旅游业
业界对金融危机席卷全球的背景下，新加坡这一投资庞大的项目是否会受到影响颇有疑虑，林顺华就此表示，由于这一项目的融资开展得比较早，所有资金也都在金融危机爆发前就已经到位，所以很幸运地没有受到什么影响。他透露说，这一项目三分之二的资金是向星展银行、华侨银行、汇丰银行、苏格兰皇家银行和三井住友银行融的资，余下部分由圣陶沙名胜世界母公司云顶国际提供资产支持。目前整个项目进展顺利，“如果你有机会在明年3月份左右去到新加坡，你就能看到圣淘沙的风景已经是一个全新的面貌，我们四家酒店都已经盖顶，环球影城主体都已经落成，接下来就是安装个别的设施”。
据介绍，圣淘沙名胜世界2010年初开园时，将会雇佣10,000名员工。林顺华认为，金融危机不会对新加坡旅游业产生什么影响，他说援引新加坡官方的相关预测数据说，预计2010年圣淘沙名胜世界开园后，将吸引1500万游客。
Source
Wednesday, December 10, 2008
Sunday, November 23, 2008
英業務被取消最大隱憂‧雲頂新賭場融資風險不大
（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
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
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。
Source
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
Thursday, October 30, 2008
Singapore's casino opening to be delayed-report
SINGAPORE, Oct 30 (Reuters) - The full opening of one of Singapore's casinos may be delayed due to construction issues and a shortage of labour, a local newspaper reported on Thursday.
The Marina Bay Sands integrated resort, awarded to Las Vegas Sands (LVS.N: Quote, Profile, Research, Stock Buzz) in 2006, is several months behind schedule, the pro-government daily Straits Times said, citing sources. The casino was due to open at the end of 2009.
The newspaper said the foundation work for the casino was delayed three to four months and quoted sources as saying it was "impossible" for all its facilities to be fully operational by the end of 2009.
Marina Bay Sands officials were not immediately available for comment.
Built on reclaimed land from the sea, the project is one of two multi-billion dollar casinos under construction since Singapore legalised casino gaming in 2005 to attract more tourists.
The second casino, Resorts World at Sentosa, is being built by Genting International (GNTG.SI: Quote, Profile, Research, Stock Buzz) and is scheduled for completion in 2010.
Resorts World may also see a delay in the opening of some of its facilities, although a casino spokeswoman said it was "on track" for a "soft opening" in 2010, the paper said.
The two casinos have been hit by higher construction costs since building began, causing Genting International to revise its costs for Resorts World up 15 percent to S$6 billion last year.
(Reporting by Melanie Lee; Editing by Anshuman Daga)
Source
The Marina Bay Sands integrated resort, awarded to Las Vegas Sands (LVS.N: Quote, Profile, Research, Stock Buzz) in 2006, is several months behind schedule, the pro-government daily Straits Times said, citing sources. The casino was due to open at the end of 2009.
The newspaper said the foundation work for the casino was delayed three to four months and quoted sources as saying it was "impossible" for all its facilities to be fully operational by the end of 2009.
Marina Bay Sands officials were not immediately available for comment.
Built on reclaimed land from the sea, the project is one of two multi-billion dollar casinos under construction since Singapore legalised casino gaming in 2005 to attract more tourists.
The second casino, Resorts World at Sentosa, is being built by Genting International (GNTG.SI: Quote, Profile, Research, Stock Buzz) and is scheduled for completion in 2010.
Resorts World may also see a delay in the opening of some of its facilities, although a casino spokeswoman said it was "on track" for a "soft opening" in 2010, the paper said.
The two casinos have been hit by higher construction costs since building began, causing Genting International to revise its costs for Resorts World up 15 percent to S$6 billion last year.
(Reporting by Melanie Lee; Editing by Anshuman Daga)
Source
Subscribe to:
Posts (Atom)
