The Macau Metro Monitor, January 25, 2011
DOWNSIZING FOR SOME MACAU 'VIPs' DURING 2011 Asian Gaming Intelligence
An industry insider suggested that if the Macau market continues its high-growth trajectory without a significant new supply of live VIP tables, then some of the lower high rollers could effectively be bumped into the mass market. In this scenario, AGI believes a new segment would be formed, along the lines of the junkets found on mass floors in some properties and some jurisdictions in Asia. This bump down might result in those players losing some of their existing privileges with retail banks.
A full utilization of the VIP tables is unlikely as operators have pointed out that giving their VIP customers the flexibility to move from table to table within the same room is very important. In addition, given that many junket operators run rooms in several properties, they want to be able to offer players different venue options.
FAMILY SEIZED STANLEY HO'S STDM SHARES WITHOUT HIS CONSENT, SAYS LAWYER: REPORT macaubusiness.com
Gordon Oldham, Stanley Ho's lawyer, said Dr. Ho might take legal action against his family for seizing his stake in STDM, without his consent. Brunswick Group, representing some of the family members, said that Mr Ho provided written authorization of the share transfer. SJM Holdings suspended trading pending the release of an announcement.
