The Macau Metro Monitor, April 18, 2011
GAMING STATISTICS DSEC
In 1Q 2011, gaming tables increased 62 to 4,853 and slots decreased 263 to 13,787, relative to Q4.
PROBLEMS BIG AND SMALL FOR SIC BO Inside Asian Gaming
Recently, Sands China was told by the DICJ that its Shuffle Master Rapid Sic Bo products at The Venetian and Sands Macau will be regulated—at least as far as the odds were concerned—as live sic bo, because they use a live dealer alongside the electronic betting and bet settlement technology. But Sands China complained that this would put their products at a disadvantage since payouts on live sic bo bets were lower than those offered on electronic sic bo. DICJ resolved the issue by bringing down the payout ratio for all electronic games.
IAG says the DICJ is watching over the flourishing of semi-automated gaming technology, particularly if it is being used by operators to get around the 5,500 table cap.
UNIVERSAL STUDIO'S GRAND OPENING IN MAY Strait Times
Despite being open for almost a year, Universal Studios Singapore (USS) will have its grand opening on May 28. The Madagascar and Transformers-themed rides are scheduled to open for later this year.
CHINA ORDERS BANKS TO RAISE RESERVES, EFFECTIVE 18-APR New York Times, Reuters
China's official reserve requirement ratio for most banks will be 20.5% (previously, 20%) after the latest increase takes effect. However, the central bank may force banks who are lending too aggressively to hold even higher levels of reserves.
BEIJING, SHANGHAI PROPERTY-PRICE GAINS SLOW AS CHINA TACKLES BUBBLE RISKS Bloomberg
New home prices in Beijing rose 4.9% YoY (flat MoM) in March, down from a 6.8% YoY gain in February. In Shanghai, prices climbed 1.7% in March (+0.2% MoM), slower than the 2.3% growth in February. Of the 70 cities monitored by the government, 67 cities posted YoY gains, down from 68 in the first two months.
Existing home prices in Beijing fell 0.1% MoM, while those in Shanghai jumped 0.4% MoM.