THE M3: MGM CHINA IPO PRICE; RWS PHASE 2; APRIL UNEMPLOYMENT

The Macau Metro Monitor, May 27, 2011

 


MGM CHINA PRICES AT TOP OF RANGE IN HONG KONG WSJ, Reuters

The MGM China IPO was priced at HK$15.34 (US$1.97), the high end of the range.  The company sold 760MM shares, raising HK$11.66 billion ($1.5 billion).

 

RESORTS WORLD READY FOR PHASE TWO OPENING Strait Times

RWS' executive chairman Tan Sri Lim Kok Thay said that barring any incidents, the resort is on track for its Phase Two opening and he is confident that it will attract more than 16MM visitors in 2011, up from last year's 15MM.  Starting with the opening of the maritime museum in 3Q, other attractions to open under Phase Two include the Equarius hotel, an oceanarium and a water theme park.

 

EMPLOYMENT SURVEY FOR FEBRUARY-APRIL 2011 DSEC

Macau's unemployment rate for February-April 2011 was 2.7%, unchanged from the previous period (January-March 2011).  Total labor force was 334,000 in February-April 2011 and the labor force participation rate stood at 71.2%. 


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