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CHERRIES PICKING SEASONS
JOIN THE CHERRY PICKERS
TRANSFORMATION 2009 > 2010 >> 2011 >>> BEYOND
GENTING HK has been TRANSFORMED in 2009
Still TRANSFORMING in 2010
Will TRANSFORM in 2011
and BEYOND
RecOvery started and confirmed throughOut 2009
Growth started in Decemember 2009
Additional Growth will begin in June 2010
Further Growth will continue in December 2010
More Growth and Growth on their way and BEYOND 2010
Posted on 06:17 PM, March 29, 2010
Travellers Int’l set to open two new hotels
TRAVELLERS International Hotel Group, Inc., the partnership between the Andrew L. Tan-led Alliance Global, Inc. and casino-resort operator Genting Hong Kong Ltd., plans to open two new hotels in Pasay this year, 2010.
The
six-star luxury hotel Maxims will start operations in June or July 2010 while budget hotel Remington will follow at the end of the year, Jeffrey R. Evora, vice-president for marketing of Resorts World Manila, told reporters late last week.
Resorts World Manila is a unit of Travellers International.
“The casino occupies the first three floors of Maxims. The fourth floor onwards [consist of] 172 all-suite hotel rooms,” Mr. Evora said.
Remington Hotel will cater to the lower-end market through its P1,000 per person per night rooms, he added.
Last year, Travellers International committed to invest about $740 million until 2012 to redevelop the old Philippine Air Force barracks in Pasay into a gaming and tourism zone.
Resorts World Manila is Genting Hong Kong’s first land-based tourism venture. Formerly known as Star Cruises Ltd., it is the third-largest cruise line operator in the world, with a combined fleet of 17 ships cruising to over 200 destinations.
Mr. Evora said Genting Hong Kong last year moved its international headquarters to Pasay in preparation for the completion of the hotels.
The 342-room, five-star Marriott Hotel was opened late last year.
Meanwhile, Travellers International is preparing to
start construction in its Bay Shore project, which is part of the government-initiated $10-billion “Pagcor City” development.
“We will start construction at the end of this year. I know they reclaimed the land early last year,” Mr. Evora said.
Bay Shore, which will occupy 40 hectares, is likely to cost $1.5 billion, Rafael Butch A. Francisco, president and chief operating officer of state-run Philippine Amusement and Gaming Corp. (Pagcor), said in a separate interview.
“With the development of this project, we want to be one of the choices when people come [to the Philippines],” Mr. Evora said. “What we want to be is, if not the destination, the jump-off point.”
Other investors in Pagcor City include SM Investments Corp. and Universal Entertainment Corp. (formerly Aruze Corp.), the leading manufacturer of gaming machines worldwide and co-investor in the Wynn’s chain of casino-hotels in Las Vegas and Macau, Mr. Francisco said.
The government wants to lure 10 million foreign visitors to Pagcor City through new hotel, leisure and entertainment establishments in the 800-hectare entertainment complex near Roxas Boulevard.
Tourist arrivals in top 14 destinations nationwide grew by 14% last year to 8.9 million, government data showed. --
Neil Jerome C. Morales
http://www.bizjournals.com/southflorida/blog/cruise_industry_report/2010/03/ncl_turns_a_profit_for_2009.html
NCL turns a profit for 2009
Monday, March 29, 2010, 3:58pm EDT
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NCL Corp. had lower revenue in 2009, but managed to turn a $67.23 million profit, according to an SEC filing made by Genting Hong Kong Group, its half-owner.
NCL revenue fell 12 percent, to $1.27 billion in 2009 from $1.5 billion in 2008.
NCL, which is the parent of Miami-based Norwegian Cruise Line, had a $211.8 million loss in 2008 and a $226.96 million loss in 2007.
One factor in the 2008 loss was a $128.77 million impairment charge that stems from cancellation of a contract to build what would have been a sister ship to the
Norwegian Epic. The
Epic is a more than $1 billion ship that will start sailing out of Miami this summer.
Genting Hong Kong, formerly known as Star Cruises Ltd., said the drop in revenue was due to a 7.7 percent decrease in net yields and a 5.1 percent decrease in capacity days.
"The decrease in net yield was the result of a decrease in passenger ticket pricing due to adverse global economic conditions," the company said.
The decrease in capacity days was the result of the departure of the
Marco Polo,
Dream and
Majesty from Norwegian's fleet as charter agreements expired, Genting Hong Kong said. A plus factor was the reflagging of the
Pride of Aloha, which was withdrawn from the fleet in May 2008 and relaunched as the
Norwegian Sky, which sails out of Miami, in July 2008.
Ship operating expenses decreased 18.3 percent in 2009, primarily due to cost controls and lower fuel prices, Genting Hong Kong said.
NCL's finance costs, net of capitalized interest, decreased to $115.4 million in 2009 from $152.4 million in 2008, primarily due to lower average interest rates, Genting Hong Kong said.
The SEC filing says 37.5 percent of NCL is owned by Apollo and 12.5 percent is owned by three TPG (Texas Pacific Group) limited partnerships.
Excluding NCL, Genting Hong Kong had an operating profit of $5.3 million before an impairment, down from a $16.2 million profit in 2008. Genting Hong Kong, excluding NCL, had a 33.6 percent drop in capacity, but managed to boost occupancy percentages to 91 percent from 85 percent.
Genting Hong Kong's five-ship Star Cruises brand, which hasn't changed its name, is the leader in the emerging Asia market.
On Friday night, Genting Hong Kong celebrated its rebranding from Star Cruises with a party at the W Hotel in Kowloon.
A post on eTravelBlackboardAsia.com has a brief article and three photos of the festivities, including one of Chairman and CEO Tan Sri Lim Kok Thay.
The chairman's father, who passed away in October 2007, was once the richest man in Malaysia, with a net worth of $4.2 billion, according to a 2007 Forbes article that listed the family at 204th on the list of the world's richest billionaires.
Monday, 29th March 2010 CLOSING
VOLUME 1,229,000 PRiCE USD0.215
USD0.210 1,109,000
USD0.215 120,000
USD0.210 CLEARANCE DAY
accumulation continues at USD0.210
BUYERS EYEING USD0.210
USD0.210 BUY QUEUE EAGERLY WAITING
fOr KiND sOuls to SELL at USD0.210 ?
chEck the QUEUE
pharoah88 ( Date: 27-Mar-2010 13:10) Posted:
Saturday, 27th March 2010 Straits Times Page C42 money.companies
Genting HK realised profits of USD23.6 million from jointly controlled companies,
a marked improvement over the USD104 million losses ites partners suffered a year before.
|
|
BUY QUEUE must THANK thOse USD0.210 SELLERS
aLL the STAR Ships are in the newspapers every wEEk ?
yOung GiRLS
swEEt yOung THiNGS
bUt nOt ViRGiN anymOre
there is STAR ViRGO, if ViRGiN imprEssiOn is impOrtant ?
178investors ( Date: 26-Mar-2010 16:55) Posted:
| i mus chec out their ships... sea worthy? buy up? sell?not sure? must chec chec |
|
so thats the reason hahaha......... got chance to move higher? me holding some leh stil at loss......
pharoah88 ( Date: 27-Mar-2010 13:10) Posted:
Saturday, 27th March 2010 Straits Times Page C42 money.companies
Genting HK realised profits of USD23.6 million from jointly controlled companies,
a marked improvement over the USD104 million losses ites partners suffered a year before.
|
|
Saturday, 27th March 2010 Straits Times Page C42 money.companies
Genting HK realised profits of USD23.6 million from jointly controlled companies,
a marked improvement over the USD104 million losses ites partners suffered a year before.
Friday, 26th March 2010 CLOSING
4,306,000 USD0.215 -USD0.010
USD0.210 1,807,000 (142,000 BROUGHT frOm SELLER)
USD0.215 1,780,000 (568.000 BROUGHT frOm SELLER)
USD0.220 709,000 (170,000 BROUGHT frOm SELLER)
USD0.225 10,000 ( 10,000 BROUGHT frOm SELLER)
jUicing gOing On
i mus chec out their ships... sea worthy? buy up? sell?not sure? must chec chec
CHANCE for PiCKiNG at USD0.210
this is a fOllOwer stOck.
when bUying starts, everyOne fOllOwed
when sElling starts, everyOne fOllOwed
jUicEr is at Genting HK since yesterday
Friday, 26th March 2010
OPENS at USD0.220 280,000 SOLD tO BUYER
HAPPY BUYER at USD0.220
pharoah88 ( Date: 26-Mar-2010 09:33) Posted:
STAR CRUISE behaves LiKE
One NiGHT STAND |
|
It seems I might cut loss!
pharoah88 ( Date: 26-Mar-2010 09:33) Posted:
STAR CRUISE behaves LiKE
One NiGHT STAND |
|
