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The Macau Metro Monitor, August 21, 2012

VIP JUNKET  EYES TO ATTRACT NON-CREDIT AGENTS Macau Business

VIP junket operator Asia Entertainment & Resources Ltd yesterday announced it would implement a new programme for large VIP agents who do not require credit.  AERL will provide an option for these non-credit large agents to share the win/loss under the revenue sharing model based on their proportionate contribution of total rolling chip turnover.  With this new programme, AERL says it expects to reignite growth in rolling chip turnover. The new programme will be effective September 1.

“This incremental non-credit business will have lower margins than our existing credit business, but we believe the new programme will ultimately be responsible for an increase in our net income,” said AERL chairman Lam Man Pou.

CONSUMER PRICE INDEX FOR JULY 2012 DSEC

Macau CPI in July increased 6.04% YoY and 0.37% MoM.