Sands China continues to be the most aggressive lender but overall market receivables are down
- Sands China continues to extend the most credit in the market as a % of direct play, climbing to a record 11.4% at the end of 2012
- MPEL receivables as a % of direct play fell to 6.9% - a new low for the company
- MGM China and Wynn Macau remain in the bottom in terms of extending credit
- The total market receivable as a % of direct play rate fell from the peak in 2Q 2012 to 7.3% at the end of 2012
