THE M3: WYNN MACAU; UPDATED S'PORE CNY #S

The Macau Metro Monitor, February 8, 2011

WYNN STOCK TAKES UNFATHOMABLE HIT Intelligence Macau

IM disagrees with Credit Suisse's report that given Four Season's poor results, recent volatility in the local VIP gaming sector has also hurt Wynn Macau.  IM makes the distinction between volatility of volumes and volatility of hold.  In contrast to FS,  Wynn Macau has less exposure to direct VIP play and much greater overall VIP volume; thus, volatility at Wynn Macau should be more stable.  In addition, IM mentions that the ongoing tightening of the Chinese bank lending quotas will affect every operator, not only VIP-focused Wynn Macau.

BUNNY GREETS IRs WITH A MILLION VISITS AND MORE Business Times

At Marina Bay Sands, some 885,000 visitors - locals and tourists - celebrated CNY from Feb 3 through Feb 6 at its posh premises.  MBS casino visitation was not disclosed.  RWS sited an overall 150,000 visitation number for the first two days of CNY, which includes casino visitors.