The Macau Metro Monitor, July 23, 2012
WYNN MACAU COMPLETES LOAN: REPORT Macau Business
Wynn Macau last week completed a US$2.3 billion (MOP18.4 billion) loan, a person familiar with the matter told Bloomberg. The facility is split into a US$1.55 billion five-year revolving portion and a US$750 million six-year term loan. The company originally sought a US$1.5 billion loan, but it raised the stakes after positive responses during the first stage of syndication. Wynn Macau will use proceeds from the loan to finance its new project in Cotai, estimated to cost around US$4 billion.
MACAU VISITOR ARRIVALS DSEC
Visitor arrivals totaled 2,106,696 in June 2012, down by 3.4% YoY. In June 2012, the average length of stay of visitors decreased by 0.1 day YoY to 1.0 days. Overnight visitors and same-day visitors stayed 1.8 days and 0.2 day respectively. Visitors from Mainland China increased slightly by 1.8% YoY to 1,220,846, with those travelling to Macau under the Individual Visit Scheme rising by 11.3% to 517,935.
MONTHLY BREAKDOWN OF PASSENGER MOVEMENTS Changi Airport
4,402,693 passengers passed through Singapore's Changi Airport in June, up 9.7% YoY.
MACAU MURDER SPATE ADDS TO CASINO INDUSTRY WORRIES Reuters
Three murders in the past two weeks in Macau have raised fears that violent crime, for years a rarity in the world's gambling capital, is growing more common at the same time as the island's casino operators are struggling with slower growth. According to security experts and Macau residents, the recent outbreak of extreme violence in June and July has its roots among the junkets. Junket operators recently have taken part in more aggressive debt-collecting tactics. Many of the smaller junket firms are struggling to stay in business.
SINGAPORE INFLATION EDGES HIGHER TO 5.3% IN JUNE Channel News Asia
According to the Department of Statistics, Singapore CPI rose to 5.3% YoY in June, exceeding expectations of a 5.1% increase. MAS Core Inflation, which excludes the costs of accommodation and private road transport, was unchanged at 2.7% for the third straight month.