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The Macau Metro Monitor, October 25th 2010


GALAXY ENTERTAINMENT SAYS TWO EXECUTIVES HAVE QUIT WSJ

Steve Wolstenholme, COO of Galaxy Macau, and Jeff King, senior vice president of marketing for Galaxy Macau, have decided to leave.  Galaxy said Mr. Wolstenholme resigned for personal reasons and will leave the company in November. Galaxy Entertainment President Mike Mecca will assume his duties in the interim.  Raymond Yap, the company's senior vice president of international premium market development, will take over Mr. King's duties while the company looks for a permanent successor.

Galaxy said the management changes won't affect the company's performance or its Cotai project, which is still set to open in early 2011.


IGT: MACAU GAMING REVENUE WILL CONTINUE TO ACHIEVE STEADY GROWTH Macau Daily News

IGT sales manager Mick Caban is bullish about the outlook of the local gaming market in Macau and confident the company will be able to expand their business activities by up to 55% across Asia in the foreseeable period, despite increased competition and tougher regulations from the SAR government.


PROPERTY TAX PILOT PROGRAM TO BE INTRODUCED NEXT YEAR Macau Daily News

According to China Securities News, real estate prices in China will remain fairly stable for the rest of the year and the property tax pilot program will potentially roll out by the beginning of March 2011.