THE M3: JUNE GGR; TAIWAN; JUNE CHINA HOME PRICES

The Macau Metro Monitor, July 1, 2011


MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DSEC

June GGR came in at MOP 20.792BN (HK$ 20.186BN, US$ 2.593 BN), up 52% YoY.

GREENLIGHTING CASINOS IS KINMEN COUNTY'S BEST BET Taiwan Today

Insiders claim Caesars Entertainment is hot for Kinmen and reportedly interested in building a comprehensive recreation and entertainment facility on one of the county’s islands.  MPEL CEO Lawrence Ho also made a recent trip to Kinmen.  Casino rules may be finalized by the MOTC (Ministry of Transportation and Communications) in late 2011.  A local referendum will follow.


CHINA'S JUNE HOME PRICES EASE IN EIGHT OF 10 BIGGEST CITIES, SOUFUN SAYS Bloomberg

According to Soufun Holdings, China home prices growth in June slowed to +0.4%, from +0.5% growth in May.  This is the 10th straight month of gains. Shanghai home prices rose 0.1% MoM (+0.3% MoM in May), while those in Beijing dropped 0.1% MoM (+0.2% MoM in May).