THE M3: PACKER DEFENDS COD; CHANGI AIRPORT VISITATION

The Macau Metro Monitor, March 22, 2011

 


PACKER CONFIDENT IN FACE OF COTAI RIVALRY Macau Daily Times

Packer said he disagrees with analysts who claimed that City of Dreams has not differentiated itself well enough from its rivals such as The Venetian.  “I disagree with the Macquarie analyst. Steve Wynn, whom I know a little bit and respect enormously, gave me a piece of advice once. It was: ‘Just build things as good as you can and quality will beat out gimmicks over time.' And that is not to say that The Venetian is not high quality or a gimmick-based hotel, but I am very proud of what we have got up there. Time will be its friend,” Packer said.  Packer added that the House of Dancing Water was drawing a "new breed of clientèle” to the property.


MONTHLY BREAKDOWN OF PASSENGER MOVEMENTS Changi Airport Group, Channel News Asia

In February, 3,390,264 passengers passed through Singapore's Changi Airport, representing 9% growth YoY.  Growth in Southeast and Northeast Asia visitors increased by double digits.  The number of flights also rose by 12.2%.


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