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The Macau Metro Monitor, November 11th, 2010

 

SANDS 'UNCERTAIN' OF PLOTS 5, 6 SCHEDULE Macau Daily Times

LVS said in a report, "Until adequate labour quotas are received, the timing of the completion of phases I and II [parcels 5 and 6 in Cotai] is currently not determinable with certainty... it is currently working with the Macau Government to obtain sufficient construction labour."  Sands is also considering opening only parts of Sites 5 & 6, saying it "is progressing on alternative scenarios for completion of selected portions of phases I and II with the construction labour currently onsite”.  The final phase of the Cotai project will begin “as demand and market conditions warrant it”.  The report also reiterated Sands' confidence in securing parcels 7 & 8.


MACAU GOVERNMENT "KEEPING AN EYE" ON JUNKETS macaubusiness.com

Secretary Tam said the government is “keeping an eye” on the junket price war situation, to prevent “vicious” or “harmful” competition.  Mr Tam noted that, so far, the government had no evidence of violation of junket rules by gaming operators.

CHINA'S OCTOBER NEW LOANS BEAT MARKET ESTIMATES Xinhua News

China’s new yuan denominated lending in October dropped to RMB $587.7 BN from RMB $595.5 BN In September, easily beating market estimates of RMB $500BN.  China's M2 supply totaled RMB 69.98 TN, up 19.3% YoY.