THE M3: FRANCIS LIU COMMENTS; WYNN SEC REQUEST; TOUR/HOTEL DATA

The Macau Metro Monitor, February 14, 2012

 

 

GALAXY SUGGESTS LETTING IMPORTED WORKERS FILL CROUPIER JOBS Macau News

Galaxy Vice Chairman Francis Lui Yiu Tung said the government should consider relaxing its current restriction that only allows local residents to be employed as croupiers.  “Human resources will be in high demand as there are many big projects, not just for the gaming industry, going on or to be completed in the next couple of years,” Lui said, adding that while Macau’s unemployment rate remained low at just 2.1%.  “Local citizens working as croupiers should be given the chance to be promoted. But when they get promoted, who’s going to fill their positions? I think [the government] should think about letting us hire imported workers as croupiers,” Lui suggested.


Meanwhile, Lui also said his company would focus more on non-gaming attractions in art, culture, conventions and leisure in the second phase of its Cotai project to bet on the “growing” family tourism business.  Although Lui declined to say what type of non-gambling attractions his company is having in mind, he mentioned that shopping and culture are in high demand, whether it is from tourists or locals.
 
Lui also forecast Macau GGR to rise 18-25% in 2012. 

 

WYNN 8K 

On February 8, 2012, following Mr. Okada’s lawsuit, WYNN received a letter from the Salt Lake Regional Office of the U.S. Securities and Exchange Commission requesting that, in connection with an informal inquiry by the SEC, WYNN preserve information relating to the donation to the University of Macau, any donations by the Company to any other educational charitable institutions, including the University of Macau Development Foundation, and the Company’s casino or concession gaming licenses or renewals in Macau.  WYNN intends to fully comply with the SEC’s request.

 

MACAU PACKAGE TOURS AND HOTEL OCCUPANCY RATE FOR DECEMBER 2011 DSEC

Visitors in package tours surged by 51.5% YoY to 794,636 in December 2011.  Visitors from Mainland China (574,427); Taiwan (48,071); and Hong Kong (40,203) soared by 57.7%, 135.8% and 13.8% respectively.  At the end of December 2011, number of available guest rooms of hotels and guest-houses totaled 22,356, up by 2,265 rooms (+11.3%) YoY, with that of 5-star hotels accounting for 63.5% of the total.  The average length of stay increased by 0.05 night to 1.5 nights. 


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