The Macau Metro Monitor, May 10, 2012
LVS MADE HISTORY BUT WRONG CONFERENCE CALL-MIKE LEVEN Macau Daily Times
President and COO of LVS, Mike Leven said, “We made a few mistakes in the conference call. Namely we did not disclose specifically the results of Sands Cotai Central…We should have said we were pleased with the early GOI [Gross Operating Income]. SCC is doing great, always crowded, with excellent restaurants, shops and services."
Mr Leven said that the relationship with the Macau government is on excellent terms and that “the presence of Chief Executive Dr Chui Sai On at the opening of Cotai Central is proof enough of that…I and Ed Tracy here, are in constant contact with the officials.” Leven said that the Macau government assured the granting of the remaining 200 tables for phase 2 of SCC and if “there would be eventually any delay, we are talking of a maximum of a couple of months which doesn’t worry me at all.”
'NOT WORRIED' Macau Business
MGM China chairperson Pansy Ho says its Cotai land application is being finalised and she's not worried. She also says that the government “must give special attention” to future projects in Macau as the non-gaming aspect should also be taken into consideration.
CHINA APRIL BANK LENDING WEAKER THAN EXPECTED Reuters
Chinese banks wound down their lending in April from 14-month highs to extend 681.8 billion yuan (US$107.98 billion) worth of loans, missing analysts' expectations of 800 billion yuan.