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Old October 19th, 2005, 07:53 AM   #1
Jus
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Hengqin Island Developments

is it good or bad for Macau that Sands is having this resort project on Henggin Insland? any opinions will be apprieciated~
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Old October 19th, 2005, 11:23 AM   #2
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lucky they dont build the casinos over there, otherwise it will really affects the gambling industries in macau because many of the people gamble in macau are those from mainland part of the china.
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Old October 19th, 2005, 11:29 AM   #3
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Las Vegas Sands Plans Nongaming Venture Near Macau

Las Vegas Gaming Wire

CHINA AND LAS VEGAS, Nevada -- Adding to its growing presence in the expanding Chinese tourism market, Las Vegas Sands Corp. signed an agreement with the city of Zhuhai to master plan a 1,300-acre parcel with nongaming attractions, such as resort villas, golf courses and a marina.

The destination, on Hengqin Island in the Guangdong Province city of Zhuhai, is expected to supplement the growing number of casinos in nearby Macau and the Las Vegas Sands' development on the neighboring Cotai Strip, where plans call for eight hotel-casinos, including the $1.8 billion Venetian Macau, which is under construction.

Hengqin Island is less than a mile from the Venetian Macau's location and short trip by water taxi to the main areas of Macau, where Las Vegas Sands operates the Sands Macau and where MGM Mirage and Wynn Resorts Ltd. are building hotel-casinos.

Signed during a ceremony late Friday at the Hong Kong-Guangdong Business Conference in San Francisco by company President Bill Weidner and Zhuhai Mayor Wang Shunsheng, the agreement calls for Las Vegas Sands to invest more than $1 billion over three phases, with the initial phase estimated at $300 million.

The company is not required to put up a large amount of money until definitive plans and contracts are agreed upon.

Weidner said the company will immediately begin master-planning the site to include a mix of leisure, tourism and convention amenities. Nongaming hotels, convention facilities, a marina and yacht club, an outdoor amphitheater, golf courses and tennis complexes are expected to be included.

Completion of the first phase of development on Hengqin Island is expected to coincide with the 2007 opening plans for the initial projects on the Cotai Strip.

"We see this as a unique opportunity to maximize our business potential and further broaden the appeal of the region as a multifaceted international convention and tourism hub and extended-stay vacation destination," Weidner said.

The Cotai Strip is an area of reclaimed land a few miles from the main stretch of Macau, which is between the islands of Taipa and Colane and bordered by the South China Sea. Las Vegas Sands has submitted plans for all eight Cotai sites, is expected to encompass 10,000 hotel rooms, as well as casinos, restaurants, convention and meeting facilities and entertainment venues.

Worldwide hotel chains, such as Starwood, Four Seasons, Marriott, and InterContinental, have agreed to build the hotels on Cotai, and Las Vegas Sands will operate the casino portions of the properties.

Hengqin Island is connected to Cotai by the Lotus Bridge and is connected to Zhuhai by the Zhuhai Bridge. The Guangdong Province is located in the southernmost part of China's mainland and is the most populous region in the country with 110 million residents.

Las Vegas Sands Chairman Sheldon Adelson said developing a nongaming destination adds to the area's tourism base by expanding the various amenities.

"The golf courses, tennis courts and marine-based activities are not only integral to the Hengqin Island development, but they serve as significant amenities to the Cotai Strip," Adelson said. "By providing unparalleled resort, recreation, and convention amenities, Macao and Zhuhai can reap the rewards of the same strategy that has made Las Vegas the world's top travel and tourism destination."

Added Adelson, "The strategic combination of noncasino tourism amenities located on Hengqin Island with the entertainment attractions of the Cotai Strip could create a tourism and convention destination unrivaled anywhere in the world."

Deutsche Bank gaming analyst Marc Falcone said the planned development on Hengqin Island shows Las Vegas Sands' confidence in the Chinese gaming and tourism market.

"The company believes they will have a very good return on investment in China," Falcone said. "I think there is a high level of synergy with this project and what is being built on the Cotai Strip."

Las Vegas Sands shares fell 39 cents, or 1.24 percent, Monday to close at $30.98 on the New York Stock Exchange.
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Old October 19th, 2005, 12:19 PM   #4
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well..i just think that Sands doin this is so dodgy..this so-called helping each other out or making that region become the best entertaiment center in Asia is all BS..What they really wants is to make $$$$$$$$ out of the Chinese ppl..The major reason they couldnt invest those $$ in Macau is because Macau is too small..there is no more land to be developed or so forth..People of Mcau do need to realise that this land shortage problem could get Macau into trouble someday...but anywayz..what can the ppl do about it?
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Old October 20th, 2005, 01:30 PM   #5
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the best way is that Henggin island can becomes part of macau, someone suggested about this before
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Old October 20th, 2005, 02:02 PM   #6
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Quote:
Originally Posted by Jus
well..i just think that Sands doin this is so dodgy..this so-called helping each other out or making that region become the best entertaiment center in Asia is all BS..What they really wants is to make $$$$$$$$ out of the Chinese ppl..The major reason they couldnt invest those $$ in Macau is because Macau is too small..there is no more land to be developed or so forth..People of Mcau do need to realise that this land shortage problem could get Macau into trouble someday...but anywayz..what can the ppl do about it?
Well, makeing $$$ is always the number one thing foreign companies want when they invest overseas. The Las Vegas Sands is no different than the rest of them. Besides Zhuhai and Macau are close enough together that maybe one day they'll become one city? Sounds like a stretch now but in an ever-changing China, anything is possible.

Anyways, I like the idea of building resorts in southern China. That means tourists will come and not only the foreign companies will make money but the Chinese as well.
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Old October 20th, 2005, 03:08 PM   #7
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Quote:
Originally Posted by raymond_tung88
Well, makeing $$$ is always the number one thing foreign companies want when they invest overseas. The Las Vegas Sands is no different than the rest of them. Besides Zhuhai and Macau are close enough together that maybe one day they'll become one city? Sounds like a stretch now but in an ever-changing China, anything is possible.

Anyways, I like the idea of building resorts in southern China. That means tourists will come and not only the foreign companies will make money but the Chinese as well.
you are rite..these companies only want to make $$..there is no doubt about it..but look..I personally do not want these 2 citys meraged as one..its not because which one is better than which one or vice versa..its just because of that fact that each of both has its own uniqueness..espeically Macau I must say..you can always see the harmony between the west n the east in Macau...the culture of Macau will be flooded once there are too many immgrants moving to Macau..or when those two cities are really joined up together...the portuguese culture will fade away someday for sure..what Im saying is..that it will be good for each of these cities..(including HK or..watever) has its own 'thing' which is promient for..like when u think of StockMarket - Hongkong..Gambling n Convention- Macau..blah blah..its not like..Gambling n Convention - Hong Kong, Macau..Zuhai..blah blah..do u see my point? cheers
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Old December 14th, 2005, 09:11 AM   #8
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中央厚礼:横琴或交澳门发展

【本报香港5日讯】4日香港泛民主派反对政改而游行的同时,有消息指隔邻的澳门将会收到中央政府一份史无前例的厚礼。
据香港媒体报道,广东省省长黄华华5日率领政府代表团抵澳访问3天,期间将作出重大宣布。可靠消息指该项喜讯,最大可能是把澳门多年来渴望租借的横琴管治权交予澳门发展,预计稍后由金沙公司投资数10亿元兴建高级度假村,令横琴变身成为澳门产业腹地,澳门发展将更一日千里。
黄华华率领政府代表团抵澳访问,代表团5日下午抵澳后,随即到珠澳跨境工业区澳门园区考察,一行人晚上将出席澳门特区政府的欢迎晚宴,之后游览西湾大桥。
6日上午,澳门特首何厚铧及黄华华将分别率领两地政府代表团出席2005粤澳合作联席会议。据知,期间黄华华将与澳门特区政府就跨境工业区、经贸合作、旅游、基建及卫生等双方关心的议题进行认真磋商。两位首长会议后会见传媒;代表团下午将出席“广东省政府与澳门工商界人士座谈会”。
据悉,黄华华或更高级的张德江届时将代表中央向澳门送上一份大礼,有消息指“佳音”是把横琴的管治权交予澳门,完成澳门多年来希望租借横琴以发展“东方拉斯维加斯”的美梦。
早前有消息指,美国拉斯维加斯金沙集团计划投资10亿美元(约78亿港元)在横琴岛兴建超级度假村,估计明年夏季动工,但当时估计中央将不会批准在该处建赌城。
横琴岛是珠海南端一个面积达86平方公里的海岛,与澳门的路环岛仅隔着一道狭窄的海面,常住人口不足6000人。
广东省在1992年将横琴岛定为对外开放的4个重点开发区之一,但开发模式和产业定位经过多次变化和调整,2000年澳门特首何厚铧向中央提出“租借”横琴岛或岛上部分土地,设立出口加工区及发展旅游娱乐事业,中央曾指示广东省对澳门的提议进行研究,但“租借”一事始终未能成事。
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Old December 14th, 2005, 09:28 AM   #9
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我自己个人是非常希望横琴能交由澳门发展的!澳门现在发展如日中天,但是却苦于没有发展用地,日后的发展可能会受到制约。如果能把横琴交给澳门,我非常有信心澳门日后能发展成名副其实的和拉斯韦加斯齐名的国际赌城!
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Old December 15th, 2005, 06:29 AM   #10
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yeah!!!!
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Old December 15th, 2005, 10:40 AM   #11
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Question Hengqin become a part of Macau?

The idea sounds good, but, would the Central Government in Beijing really agrees to give Hengqin's "ownership" from Zhuhai to Macau? They are in different Administrative Regions! (Zhuhai is a Special Economic Zone and Macau is a SAR)
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Old December 15th, 2005, 01:29 PM   #12
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the border can be redrawn rather easily, after all, Macau is part of China, so there is
nothing fundementally wrong with letting it admin another part of China, who knows,
maybe HK will ask Beijing to give it ShenZhen ...
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Old December 17th, 2005, 01:04 AM   #13
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Quote:
Originally Posted by didu
the border can be redrawn rather easily, after all, Macau is part of China, so there is
nothing fundementally wrong with letting it admin another part of China, who knows,
maybe HK will ask Beijing to give it ShenZhen ...
Not a bad idea, actually. And in 30 years the social and economic make up of the region will be on the same level.
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Old December 22nd, 2005, 12:22 PM   #14
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Da Hengqin (Portuguese: Ilha D. João)
Xiao Hengqin (Portuguese: Ilha Montanha)
Both D. João and Montanha were claimed by Portugal, along with Wanzai (Portuguese: Ilha Lapa), as part of Província da Macau. They were briefly occupied by Macau before World War II.

Lapa and Montanha Islands - Portuguese occupation (1938-1941). Retaken by Japan and restored to China.

Last edited by sasamaca; December 22nd, 2005 at 12:30 PM.
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Old December 22nd, 2005, 04:53 PM   #15
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Quote:
Originally Posted by sasamaca
Da Hengqin (Portuguese: Ilha D. João)
Xiao Hengqin (Portuguese: Ilha Montanha)
Both D. João and Montanha were claimed by Portugal, along with Wanzai (Portuguese: Ilha Lapa), as part of Província da Macau. They were briefly occupied by Macau before World War II.

Lapa and Montanha Islands - Portuguese occupation (1938-1941). Retaken by Japan and restored to China.
Now, two Hengqins is already in a big Hengqin Island because of reclamation.
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Old December 22nd, 2005, 08:44 PM   #16
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Quote:
Originally Posted by hkth
Now, two Hengqins is already in a big Hengqin Island because of reclamation.
It is very strange that such an island with only 6000 inhabitants would need to reclaim such a big area, and in such a way that it limits or even seizes the expansion of CoTai.

I wonder why the Portuguese government would have been so weak that she failed to occupy Ilhas Lapa, D. Joao and Montanha while the British government can get Kowloon and the NT so easily.

If those islands were part of Macau in early years, the development of Macau would be totally different.
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Old December 23rd, 2005, 06:15 AM   #17
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Lightbulb

Quote:
Originally Posted by sasamaca
It is very strange that such an island with only 6000 inhabitants would need to reclaim such a big area, and in such a way that it limits or even seizes the expansion of CoTai.
Actually, Zhuhai would like to build the Industrual District there. It is the confusions and arguments on the Policies of between Macau, Zhuhai, Guangdong and the Central Govts. to make this Island empty for many years.



Quote:
Originally Posted by sasamaca
I wonder why the Portuguese government would have been so weak that she failed to occupy Ilhas Lapa, D. Joao and Montanha while the British government can get Kowloon and the NT so easily.

If those islands were part of Macau in early years, the development of Macau would be totally different.

It may be true from this. However, the Portuguese Macau became weak for three reasons.

1. HK became an entrepot in 1841 and Macau could only survive by opening its gambling.

2. The Portuguese had a very poor financial concept on Govt spending, they didn't have any surplus budget during their ruling years!

3. Portugal was already weak in the 19th Centuary, where UK was strong since then until 1945.

It was not surprisng that why it failed to occupy of those Islands after WWII.
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Old April 14th, 2007, 02:45 AM   #18
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Hengqin Port to resume opeations

The second border crossing checkpoint between Macau and mainland China is expected to reopen on 1 May.

The Hengqin Port has undergone reconstruction after "structural problems" were found.

The new facility will be capable of 70,000 visitors and 10,000 vehicles per day, with 18 lines of passport checks at each hall.

A total of RMB54.47 million had been invested in this project, according to the Zhuhai correspondent of Jornal Va Kio.

source
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Old February 14th, 2008, 01:47 PM   #19
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Hi,Anybody has news about HengQin island?

what's the development stage on there now? be detail,please, thk U, 'appreciate it
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Old February 15th, 2008, 02:38 PM   #20
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From conference call 4 Feb 2007

Steve Kent - Goldman Sachs

Hi. Two questions. One, could you just give us more color on Hengqin Island, what kind of progress you're seeing there? And then, second, what are your conference convention sales reps telling you right now about the outlook for '08, given discussion of a slowing economy in 2008? This is for the US. But then, also, separately on the Macao convention market, what are you seeing there just as you start to book out into '09 and '010 from a utilization perspective? What's your gut sense as to how high that could go?

Unidentified Company Representative

I think starting with Hengqin Island. Hengqin Island, we continue to pursue Hengqin Island. We continue to communicate with the guys of Zhuhai and Guangdong Province. It is China and it's a measured Asian step-by-step process. Well, it's a primary message that we are being told by the mainland Chinese, so we are taking a step at a time with piece at a time.

Full transcript
http://seekingalpha.com/article/6305...all-transcript
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