The Macau Metro Monitor, August 7, 2012
JUNKET NEPTUNE TO ENLARGE FOOTPRINT Macau Business
Neptune Group Ltd announced it has entered into several MOUs to enlarge its footprint in Macau by investing in new junket operations. The agreements involve the junket promoter of the Guangdong 31 Sky Club at Grand Lisboa, the junket representative of the Guangdong VIP Club at MGM Macau, and the junket promoter of Wynn Guangdong VIP Club at Wynn Macau.
According to HK filings, the Guangdong 31 Sky Club generates an average rolling turnover of HK$4.8BN (US$619MM) per month and has at least 11 gaming tables. The Guangdong VIP Club at MGM Macau has at least 24 gaming tables, generating a rolling turnover averaging at approximately HK$15.1BN per month. The Wynn Guangdong VIP Club at Wynn includes at least 29 gaming tables, posting an average monthly rolling turnover of HK$9.3BN.
AERL TO ACQUIRE VIP ROOM AT CITY OF DREAMS Macau Business
AERL announced it has entered into a non-binding MOU to acquire junket operator Bao Li Gaming Promotion Ltd. Bao Li currently operates one VIP room with 5 tables at City of Dreams.
AERL expects to close the transaction by the end of September, paying US$15MM (MOP120MM) for 100% of Bao Li’s operations. The price could be higher, depending on Bao Li’s performance. Upon the closing of the acquisition, AERL will have 34 tables in four VIP rooms.
AL PASSES NEW LAW BANNING UNDER 21S ENTERING CASINOS Macau Daily Times
Legislative Assembly (AL) yesterday passed a new law increasing the age of those allowed to work or play in casinos from 18 to 21. The new law would take effect from November 11, 2012.
