THE M3: AUGUST GGR; WEN JIABAO

The Macau Metro Monitor, September 1, 2011

MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DICJ

A new monthly Macau GGR record.  August GGR came in at 24.769 MOP BN (24.048 HKD BN, 3.084 USD BN), up 57% YoY.  This is also the highest YoY growth rate to date in 2011.

WEN JIABAO: CURBING INFLATION IS PRIORITY Macau Daily Times

According to China National Radio, Chinese Premier Wen Jiabao said, "Currently, our country’s economic development is still facing a very complicated domestic and external environment that is unstable and fraught with many uncertain elements... but stabilizing overall price levels remains the priority task of our macroeconomic controls [and] will not change."  Wen remarked that while policymakers have admitted that the official annual inflation target of 4% is unlikely to be met in 2011, China’s economic fundamentals remained strong and could continue to grow at a fast pace.