THE M3: MAY GGR; DIRECT GAMING TAXES; CHINA MAY HOME PRICES RISE

06/01/11 08:01AM EDT

The Macau Metro Monitor, June 1, 2011

MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DICJ

For May, Macau GGR was 24.31 BN MOP (23.60 BN HK$, 3.04 BN US$), up 42.4% YoY.


GOVT EXPENDITURE RISES 115% IN JAN-APRIL Macau News

Macau govt’s expenditure in the January-April period stood at 10.4 BN patacas, up 115.6% YoY. Direct gaming taxes accounted for 84% of the total revenue, compared with 83.8% in the first four months of 2010.

CHINA'S HOME PRICES ROSE IN MAY FOR NINTH MONTH AS SMALLER CITIES CLIMB Bloomberg

According to SouFun Holdings, the nation’s biggest real-estate website owner, China home prices rose 0.5% MoM in May.  Residential prices increased in 76 out of 100 cities tracked by SouFun, with average home values nationwide climbing to 8,819 yuan ($1,361) a square meter (10.76 square feet).

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