THE M3: APRIL GGR; WYNN COTAI; CHINA HOUSING PRICES

The Macau Metro Monitor, May 2, 2012

MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DSEC

Macau April GGR rose 21.9% to MOP 25.0 BN (24.27HKD, 3.13USD).

WYNN MACAU RECEIVES FORMAL GAZETTE APPROVAL FOR COTAI DEVELOPMENT FROM MACAU SAR GOVERNMENT Wynn Macau

“The official transfer of real estate in Cotai makes possible the commencement of the construction phase, of what will be the single most important project in the history of Wynn Resorts," said Steve Wynn, CEO of WYNN.  The Macau Special Administrative Region’s Official Gazette published its formal approval of the Cotai land concession for Wynn Macau today. 

CHINA APRIL HOUSING PRICES SLIDE FOR 8TH STRAIGHT MONTH WSJ

According to the China Real Estate Index System, housing prices in 100 major cities in China were lower for the eighth consecutive month in April.  The average home price in April was lower at CNY8,711 a square meter, compared with CNY8,741 in March and CNY8,767 in February.  Average home prices in 10 major cities, such as Beijing and Shanghai, fell 0.4% MoM and 2.6% YoY to CNY15,391 a square meter in April.