The Macau Metro Monitor, December 11, 2012
SANDS CHINA STARTS ACCEPTING ALIPAY Macau Business
The Venetian Macao and Sands Macau now accept payments via Alipay, China’s most widely used third-party online payment solution. The service provider had more than 700 million registered accounts as of June, and began facilitating transactions from the Venetian Macao and Sands Macao websites on November 28. Alipay is an affiliate of Alibaba Group.
“Offering Alipay as an additional payment option when booking our hotels online represents a fabulous convenience for our guests who book online from the mainland,” said David Sisk, COO of Sands China.
CHINA NOV LOAN DATA POINTS TO GRADUAL BUT BUMPY RECOVERY Reuters
November new yuan loans totaled 522.9 BN yuan, missing estimates of 550 BN yuan. M2 money supply grew a slower-than-expected 13.9% YoY in November.
AERL TO LIST IN HONG KONG Macau Business
Nasdaq-listed VIP room gaming promoter Asia Entertainment & Resources Ltd announced yesterday it intends to file a formal listing application with the Hong Kong Stock Exchange in the first half of 2013. The company further announced yesterday that it has entered into engagement letters with professional advisors in order to complete the listing.
AERL promotes four VIP gaming rooms, all in Macau. They are located in StarWorld, Galaxy Macau, Venetian Macao and City of Dreams, respectively. For the first 11 months of 2012, AERL’s rolling chip turnover was US$16.83 billion (MOP134.64 billion), down 7.4% YoY.