THE M3: TABLE UTILIZATION; CPI; LOWER GGR FOR 2011

The Macau Metro Monitor, November 22nd, 2010


SJM NOT WORRIED ABOUT MACAU GOVERNMENT'S GOAL OF CONTROLLING THE GAMING INDUSTRY macaubusiness.com

SJM CEO Ambrose So says the government's cap on gaming tables allows casinos to improve its table utilization rate.  So said currently each table serves less than 50 punters a day, half of what was happening in 2003, before the first non-SJM casino opened in Macau. So reiterated his 10-20% forecast for 2011 growth rate.


CONSUMER PRICE INDEX FOR OCTOBER 2010 DSEC

October CPI increased 3.95% YoY and 0.39% month-to-month.  However, price index of Recreation & Culture fell by 0.92% due to lower charges for outbound package tours.

 

MACAU GOVERNMENT EXPECTS GROSS GAMING REVENUE OF US$21 BILLION IN 2011 macaubusiness.com

According to the 2011 budget proposal, the government expects MOP 57.4 BN (US $7.2BN) in direct taxes from gaming, which translates into total 2011 GGR of MOP164BN (US $20.5BN).  This is below what the Street's estimate of MOP180BN for 2010.  The Macau government is known for its conservative estimates of the gaming industry.

 

 


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