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The Macau Metro Monitor, December 9th, 2010


NEED TO REVISE JUNKET RULES: JORGE OLIVEIRA macaubusiness.com

Jorge Oliveira, Macau Gaming Commission's former legal affairs chief, said more casino regulation and an overhaul of the junkets are needed.  Mr Oliveira also opposed the concentration of more economic activities in the hands of casino operators and resists the idea that Macau should fully open its casino industry.

GENTING SINGAPORE SEEKS $4.2BN Reuters

According to Reuters basis point, RWS is seeking to borrow around S$4.2 billion to pay off an existing loan.  The refinancing comprises a S$3.5 billion seven-year amortizing term loan and a revolving credit facility.  The term loan, which has an average life of 4.13 years, will pay an initial interest rate of 160 basis points over the Singapore dollar swap offered rate.  If the debt-to-EBITDA ratio falls to 2.5 times or lower, the interest will fall to 120 bp over SOR.  Bank of Tokyo-Mitsubishi UFJ, DBS, HSBC, Oversea-Chinese Banking Corp and Sumitomo Mitsui Banking are lead arrangers and joint bookrunners for the loan.

GUANGZHOU-ZHUHAI MRT OPERATIONAL END OF DECEMBER Xinhua News

The Guangzhou‐Zhuhai Intercity Mass Rapid Transit (MRT) will come into operation by the end of December.  The train began trial operation last Tuesday.  The trial train runs four to eight times from Jinding to Guangzhou at a speed up to 350km. Construction of the Zhuhai Station in Gongbei is still under way and to be completed by the end of 2011.  The train from Zhuhai to Guangzhou will take 45 minutes.