Gambling revenue

    GAMBLING revenue in Macao plummeted 39 percent in March, the 10th consecutive monthly fall, as high rollers steered clear of the world’s biggest casino hub where the take is seven times as much as in Las Vegas.

    The revenue drop is the second worst on record for the China’s only legal gaming center. Revenue fell to 21.5 billion patacas (US$2.7 billion) from 35.5 billion patacas a year earlier, data showed yesterday.

    Toyota car sales

    SALES of automobiles in China by Toyota Motor Corp. and its two Chinese joint ventures fell 20.9 percent in March, while those for the first three months of the year slipped 0.1 percent.

    The results, announced by Toyota yesterday, amounted to what a company spokesman called a surprisingly weak showing by Japan’s top automaker in the world’s biggest auto market. Japan’s top carmaker sold about 1.03 million vehicles in China last year, up 12.5 percent from 2013.

    Dalian Wanda plan

    DALIAN Wanda Commercial Properties Co. Ltd. on Tuesday said it plans to invest in one to two overseas hotel projects annually, spending up to US$1 billion on each, as it pushes into tourism and entertainment while domestic real estate slows.

    China’s biggest commercial property developer by sales is looking at France and Germany to add to its six projects in the United States, United Kingdom, Spain and Australia.