THE M3: SEPT GGR; THE PARISIAN; TOURIST NUMBERS; INDIA

The Macau Metro Monitor, October 4, 2012

 

 

MONTHLY GGR DSEC

Macau grossing gaming revenues in September rose 12.3% YoY to MOP 23.866 BN (HKD 23.17 BN, USD 2.99 BN).

 

PARISIAN CONSTRUCTION APPROVAL COULD TAKE A WHILE: GOV'T Macau Business

The Lands, Public Works and Transport Bureau says it could take a while to approve Parcel 3.  The bureau said it is still considering changes to the project’s design submitted by Sands China in June.  The bureau said that quite often the assessment of projects would require over one year, without referring directly to the Parisian.  LVS Chairman Sheldon Adelson said two weeks ago that he was hopeful work on The Parisian could start within 60 days, pending government approval.

TOURISTS FLOCK TO MACAU Macau Business

Over 1.24 million border crossings were recorded in the first four days of the eight-day long National Day Golden Week period.  The figure includes both residents and tourists.  According to the Macau Public Security Police, the border checkpoints recorded 408,784 inbound travelers from the mainland, Hong Kong and Taiwan during the first half of the Golden Week period.  Police authorities forecasted last week three million border crossings for the whole Golden Week period.

 

CASINO GIANT CAESARS ENTERTAINMENT PLANS TO OPEN HOTEL IN INDIA Economic Times

CZR plans to open up to 15 hotels in India in a decade and has already initiated talks with around half-a-dozen real estate developers.  Neera Chanani, South Asia head at CZR, said, "We have spent the last one year in exploring the Indian market.  We will look at big cities like Delhi, Mumbai, Bangalore, besides tapping locations like Goa and Tier-II markets." The firm is primarily scouting for management partnerships, but is also open to investing in properties.

 



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