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Sands, MGM scout sites as Tokyo gets games

TOKYO: Las Vegas Sands Corp and MGM Resorts International are scouting sites for casinos in Japan as Tokyo’s selection to host the 2020 Olympics boosts confidence a law legalising gambling resorts in the capital will pass.

Cambodia’s NagaCorp bets US$350m on Russian resort

HONG KONG: Hong Kong-listed NagaCorp Ltd (founder, Malaysian billionaire Tan Sri Dr Chen Lip Keong became the second industry player to take a punt on a Russian entertainment zone not far from Beijing, agreeing to invest US$350 million (RM1.2 billion) to build a casino, hotel and exhibition venue.

DKLS sells Australian property for RM46m

KUALA LUMPUR: DKLS Industries Bhd is selling its commercial property in Melbourne, Australia for A$15 million (RM45.5 million). The sale proceeds would be used for debt repayment.

#Special Focus* City of Elmina — a sustainable vision realised

THE City of Elmina, a regional grouping of townships located along the Guthrie Corridor Expressway (GCE), has a gross development value (GDV) of over RM25 billion and is expected to take 10 to 18 years to complete. The 5,000-acre development is envisioned to be Selangor's "wellness and liveable" city.

#Special Focus* The cost of going green

GOING green is such a hot topic nowadays. While the issue has been debated, discussed and dissected to death, the man in the street has yet to fully embrace the green home movement.The problem is not the lack of information. Ironically, end users often find themselves bombarded with too much information and too many technical jargon.

Luxury house prices in key cities grow in second quarter

KUALA LUMPUR: Prime property prices have increased on an average of 2.4% in the second quarter of 2013, according to the latest Knight Frank Prime Global Cities Index. The price growth is led by Jakarta, which recorded a 27.2% increase — the strongest growth for the third consecutive quarter.

Tanco engages Impiana to manage Splash Park Suites

KUALA LUMPUR: Tanco Holdings Bhd has engaged Impiana Hotels and Resorts Management Sdn Bhd to manage and operate Splash Park Suites — its first resort in Port Dickson, Negeri Sembilan.Splash Park Suites is the resort component of a proposed mixed commercial development called Splash Park, located within Tanco's Palm Springs Resort City in Port Dickson.