The Macau Metro Monitor, July 12, 2011
NEVER SAY NEVER Inside Asian Gaming
According to a IAG source, gazetting is not the only way to getting a casino. "Land can be used for gaming if a letter of authorization to that effect is obtained from the DICJ (Macau's gaming regulator). My understanding is such a letter of authorization from the DICJ has been granted to the Macao Studio City (MSC) project some time ago," said the source. The source cites Galaxy Starworld as a precedent of a gaming property sitting on non-gaming gazetted land.
IAG sources also say for gaming to be official (and a re-gazetting of MSC), MPEL needs to pay an additional land premium. But don't expect any announcement from MPEL on the land use issue until they have gotten the necessary assurance from Macau's CEO Chui Sai On.
CHINA H1 NEW LOANS FALL TO 4.17 TRILLION YUAN AFP
In June, 633.9 BN yuan in new loans were issued, 3.4% higher YoY and +14.9% MoM. This is significantly higher than a preliminary estimate of 500 BN for June by an unnamed source. For 1H 2011, Chinese loans dropped 10% YoY to 4.17 TN yuan.
GREAT SINGAPORE SALE RINGS UP US$676M IN MASTERCARD PURCHASES Channel News Asia
For June, the Great Singapore Sale (GSS) saw a rise in spending with MasterCard shoppers spending US$676.6 MM, +49% YoY. The number of transaction also rose 28% to 4.7MM.