THE M3: PANSY HO; 2Q VISITOR EXPENDITURE SURVEY

The Macau Metro Monitor, August 19, 2011

 

 

PANSY HO 'CONFIDENT' IN MACAU'S FUTURE Macau Daily Times

Pansy Ho said MGM has applied to the government for a development project on the Cotai Strip and that the preliminary design of the project was completed.

 

Ho also said the plan to acquire New World First Ferry would benefit the management of Shun Tak's cost structure.  Although the Maritime Administration of Macau said it had not yet received the application from New World First Holdings for the transfer of shares, Ho said it was only a "fault in the procedure", stressing that the application was submitted at the same time the deal was announced.

 

VISITOR EXPENDITURE SURVEY FOR THE 2ND QUARTER 2011 DSEC

Total spending (excluding gaming expenses) of visitors reached MOP 10.1 BN in 2Q, up 15% YoY.  Per-capita spending of visitors amounted to MOP 1,482, an increase of 3% YoY.  The average length of stay of visitors was similar to the second quarter of 2010, at 0.9 day.

 



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