The Macau Metro Monitor, April 23, 2012
SANDS CHINA PROPOSES HK$0.58 DIVIDEND Macau Business
Sands China's board of directors recommended the payment of a final dividend of HK$0.58 per share for 2011. If approved by shareholders at the annual meeting on June 1, the dividend will be paid on June 22.
MACAU VISITORS SPENT MORE TIME ON GAMING THAN THOSE IN VEGAS Macau Daily News
According to the 2010 Las Vegas and the 2011 Macau visitor profile studies, visitors come to Macau 3.9 times a year on average, versus 1.7 times to Las Vegas. Macau visitors’ average gaming budget was MOP 15,257 with an average of 3.7 hours spent on gaming, against MOP 3,739 and 2.9 hours for their Las Vegas counterparts.
Only 68.7% of visitors who come to Macau stay overnight, while 99.3% stay overnight in Las Vegas. Visitors going to Las Vegas are more willing to spend on food, transportation and sightseeing, but less on shopping compared with those to Macau.
SINGAPORE MIGHT TIGHTEN LAW TO RESTRICT RESIDENTS ENTERING CASINOS Macau Daily News
The Singaporean government may launch new measures to prevent the expansion of gaming activities within the communities and explore new rules to further restrict Singaporeans from entering casinos. The proposed new law might include a daily entry limit on those with weak financial backgrounds and addicted to gaming, in addition, entrance fees to casino will be raised by S$100. Some analysts said that the related legislation may not be started before 2017.
SINGAPORE INFLATION ACCELERATES MORE THAN ESTIMATED TO 5.2% BusinessWeek
S'pore March CPI rose 5.2% YoY, beating Street estimates of 4.7%. The core inflation rate was 2.9% in March.
CONSUMER PRICE INDEX FOR MARCH 2012 DSEC
Macau CPI for March 2012 increased by 6.22% YoY and 0.86% MoM.