Business
Galaxy to invest up to HKD60b in Cotai casino expansion
Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, plans to spend as much as HKD60 billion (USD7.7 billion) to ... Full story
Apple using firms outside US to avoid taxes
The world’s most valuable company, Apple Inc., employs a group of affiliate companies located in Ireland to avoid paying billions of dollars in U.S. income ... Full story
CORPORATE BITS: city of dreams culinary team named “the best of the best”
City of Dreams’ culinary team was awarded the Gold Medal in the “Pastry Display Showpiece” category; and, in collaboration with the Macau Chef’s Association, the ... Full story
Danone invests in Mengniu as Chinese demand food safety
Danone, owner of Activia yogurt and Evian water, will spend about 325 million euros (USD417 million) to form a joint venture and invest in China’s ... Full story
CORPORATE BITS: Bridge Alliance members gather for quarterly meeting
Members of Bridge Alliance convened for a senior executive meeting on 15th May, held in Macau and hosted by CTM, to approve new solutions, launch ... Full story
Gaming PokerStars loses its court bid to buy Atlantic Club in New Jersey
PokerStars was denied its request to keep alive a USD15 million offer to purchase the Atlantic Club Casino Hotel in Atlantic City, New Jersey.A judge ... Full story
China’s April home prices increase in most cities as buyers defy measures
China´s new home prices rose in all but two cities in April, with housing values accelerating in key centers including Beijing and Shanghai as buyers ... Full story
Hong Kong mercantile exchange forced to shut on lack of revenue
Hong Kong Mercantile Exchange, the commodities trader whose chairman headed the 2012 election campaign for the city’s Chief Executive Leung Chun Ying, has shut down ... Full story
COPORATE BITS: Sands honors community and staff on ninth anniversary
Three hundred and fifty taxi drivers who arrived at Sands Macao Friday were treated to a special meal gift pack – 150 at lunch and ... Full story
SJM executives to raise as much as HKD440m in stock sale
Two senior executives of SJM Holdings Ltd., Asia’s biggest casino company by revenue, are seeking to raise as much as HK$440 million (USD57 million) in ... Full story
Hong Kong Dollar Exchange Rate