THE M3: MPEL HK IPO; MELCO SHARES; TABLE CAP; MACAO DRAGON

The Macau Metro Monitor, October 7, 2011

MELCO CROWN HAS NO PLANS TO RAISE FUNDS IN HK IPO-IFR Reuters

According to IFR, MPEL is considering a HK listing by way of introduction, instead of selling stock and raising capital, because of current market conditions.  MPEL's HK offering was set for 4Q 2011.

STANLEY HO REDUCES STAKE AT MELCO INTERNATIONAL Macau Business

Stanley Ho reduced his stake in Melco International Development to 24.28% from 26.78%.  Also, Lawrence Ho acquired a similar amount of shares, pushing up his stake in the company to 60.57% from 59.09%.  

TABLE CAP WON'T HURT GAMING INDUSTRY: SANDS CEO Macau Business

CEO of Sands China, Edward Tracy, said he is not worried about the 3% table growth cap starting in 2013.

GOVERNMENT REVOKES MACAO DRAGON LICENCE Macau Daily Times

The Maritime Administration (CP) said it has revoked the licence of ferry operator Macao Dragon, which suspended services abruptly on September 15.  “From September 15, 2011, Macao Dragon suspended or abandoned operations between the Taipa ferry terminal and Hong Kong, without authorisation. There is no evidence that Macao Dragon has abandoned or suspended operations due to reasons beyond its control,” the CP said.