THE M3: WYNN SINGAPORE; CHINA MAY HOME PRICES; SJM SERVICE CONTRACT

The Macau Metro Monitor, June 20, 2011

 

 

THE MAESTRO IN MACAU Business Times

Steve Wynn said, "My next main goal in life is to build a hotel in Singapore." Wynn said he will to wait until the 10-year Singapore IR monopoly ends in March 2017.  He added his hotel, which would need a casino component, would probably take 3 or more years to build.

 

CHINA HOME PRICES COOL AS GOVERNMENT STEPS UP BID TO AVOID PROPERTY BUBBLE Bloomberg

According to the National Bureau of Statistics, existing home prices in May fell sequentially in 23 of 70 cities (including Beijing and Shanghai).  However, the price of new homes rose last month in 67 of the 70 cities monitored.

 

SJM RENEWS PRODUCTS AND SERVICES MASTER AGREEMENT WITH STDM Macau Business

Pursuant to the renewed agreement, STDM will continue to provide hotel accommodation, entertainment and staff messing, dredging services, transportation and maintenance services to SJM Holdings, effective June 18, 2011.  For each service and product area, an annual cap on transactions was established. For this year, the total cap reaches HK$723 MM.

 

STDM is the controlling shareholder of SJM Holdings, with a 55.34% stake in the company.