THE M3: SEPT GGR ESTIMATE; LEVEN COMMENTS; S'PORE Q3 HOME PRICES

The Macau Metro Monitor, October 3, 2011

 

 

GAMING REVENUE DWARFS 2010 RECORD Macau Daily Times

According to data compiled by Macau Daily Times, Macau Sept GGR was likely MOP 21.5-21.7 BN, which would imply 40-42% YoY growth.  The data is up to Sept 29, when typhoon Nesat affected the territory.

 

LAS VEGAS SANDS BULLISH ON CHINA WSJ

Michael Leven, president of LVS, said LVS has not observed any negative signals in its business in Macau.  "When you're on the ground and see what is happening, it's very, very hard to be pessimistic," Leven said.  "We are continuing to go forward with our investment in Asia and we are continuing to look for additional opportunities in Asia. We haven't seen any problems there and we continue to be very very very bullish on the Chinese situation," Leven added.

 

S'PORE PRIVATE HOME PRICES CONTINUE TO MODERATE Channel News Asia

Flash estimate of the private residential property index for the third quarter 2011 shows that the rate of increase in private residential property prices continues to moderate for the eighth consecutive quarter since the fourth quarter 2009.  The index shows a 1.3% QoQ growth. 



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