NOTES ON ASIA

Here are some tidbits we've been hearing:

 

  • Singapore: MBS could be tracking for a 30% increase QoQ on RC volume. Through July and August, they may have already made up 2Q volumes and Formula One could provide an extra boost for September.
  • Sun City is fairly committed to opening at Venetian.
  • Neptune may be getting spread too thin as it struggles to find good room managers and hosts.  The junket operator could be overcommitted and may not contribute that much to Venetian.
  • Starworld seems to be having some luck issues.  Also, some players came across from Galaxy Macau to play at MPEL this past week.
  • Wynn had better hold this week but they will have a tough time catching up.  September likely to be disappointing
  • Moon Festival holiday starts tonight – family time – but tomorrow will be a bit busier than usual on a typical Tuesday
  • October Golden Week: starting October 1, we may get a 10BN week
  • Wynn Cotai got their land approval.  They can start piling work late this year/early next year. They should be open in 3.5 years, at the latest.
  • SJM Cotai approval may not come until year end.
  • Macau Studio City:  The guys at MPEL have gone really quiet due to their potential listing on the exchange.
  • A MPEL project in the Philippines looks dead.  MPEL may be requiring PAGCOR to maket an MPEL license the last.  Also, MPEL would likely require PAGCOR to step down as an operator. 

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