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Sands to proceed on casinos in January

Business | Hotel and tourism
2009-11-16

UNITED States casino operator Las Vegas Sands Corp plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction last year amid a massive funding crunch, the company...

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Qunar gets 3rd infusion of venture funds

Business | Hotel and tourism
2009-11-14

QUNAR.COM, a domestic search engine portal for hotels and flight bookings, said it has secured US$15 million of venture capital which will be used to boost technology and expand market share. The latest infusion...

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Disney surprises as earnings increase

Business | Hotel and tourism
2009-11-14

WALT Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business and parks helped it overcome a disappointing stretch for its film studio. Shares...

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Winnie firm seeks fees from Disney

Business | Hotel and tourism
2009-11-13

THE company founded by the man who made Winnie the Pooh internationally famous filed a notice of appeal to get unpaid royalties for the use of the beloved children's characters. Attorneys for Stephen Slesinger...

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'Home run' for budget hotelier

Business | Hotel and tourism
2009-11-11

HOME Inns & Hotels Management Inc, China's largest budget hotel chain operator, said yesterday net income more than doubled from a year earlier in the third quarter of 2009. The result came after strong performances...

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Bring on Shanghai Disneyland - we've got a ticket to ride

Business | Hotel and tourism
2009-11-5

SHANGHAI has won state approval to build a Disneyland in the Pudong New Area, paving the way for the entry of the United States entertainment giant into China's mainland in a deal that will provide a huge boost to...

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Mickey doesn't scare city's 2 theme parks

Business | Hotel and tourism
2009-11-5

SHANGHAI'S two major amusement parks said yesterday that they aren't worried about losing customers when Disneyland opens in the city, but domestic animation firms did express concern about the competition. "We...

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Central government approves Shanghai Disney Park

Business | Hotel and tourism
2009-11-4

SHANGHAI has won state approval to build a Disney park in Pudong New Area, paving the way for the entry of the United States entertainment giant into China's mainland in a deal that could also boost local economy. ...

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Shanghai wins state nod to build Disneyland

Business | Hotel and tourism
2009-11-4

SHANGHAI has won the approval from China's central government to build a Disney park in the city's Pudong New Area, the local government said today. The nod was given in late October, the local government's...

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Firms not cutting back travel

Business | Hotel and tourism
2009-10-28

THE 2009 China Business Travel Survey conducted by American Express showed most Chinese companies didn't cut travel and entertainment expenditure this year despite the global economic downturn. The survey results...

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China is central to hotelier's growth

Business | Hotel and tourism
2009-10-20

BANYAN Tree Holdings Ltd, a manager and developer of premium resorts, hotels and spas, said over the weekend that more than one-third of its new hotels to be added over the next two to three years will be located on...

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Macau plans curbs on casino industry growth

Business | Hotel and tourism
2009-10-14

MACAU may curb the growth of its casino industry with limits on the number of gambling tables and other restrictions, the government said. The city's government met on Monday with executives of six casino operators,...

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Casino's Asian IPO realizes US$1.63b

Business | Hotel and tourism
2009-10-1

LAS Vegas casino company Wynn Resorts has raised US$1.63 billion after pricing its Asian IPO at the top of its indicated range, a sign that demand is still strong for certain offerings despite a glut of Asian stock...

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Tourism agency sets price range for IPO

Business | Hotel and tourism
2009-9-23

CHINA International Travel Service Corp is seeking to raise as much as 2.6 billion yuan (US$380.7 million) in a Shanghai initial share sale after setting a price range for the offer that most analysts said was in line...

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Disney on lookout for new studio chairman

Business | Hotel and tourism
2009-9-21

THE Walt Disney Co is searching for a new studio chief to take the reins following the abrupt resignation on Friday of longtime executive Dick Cook. After nearly four decades with the company, Cook announced on...