THE M3: S'PORE VISIT LIMIT; MACAU LEGEND IPO; CHANGI

The Macau Metro Monitor, May 28, 2013



CASINO VISIT LIMIT ON FINANCIALLY VULNERABLE TO TAKE EFFECT ON 1 JUNE Channel News Asia

The casino visit limit on financially vulnerable Singapore citizens and permanent residents will come into effect from 1 June 2013.  The visit limit, if imposed, will set a cap on the number of times an individual may visit casinos at the integrated resorts each month.


Three types of visit limits will be introduced:  1) A Voluntary Visit Limit means individuals may apply to the National Council on Problem Gambling (NCPG) to limit their visits.  2) Family members may apply to NCPG through a Family Visit Limit to limit a family member's visit.  3) Persons found to have poor credit records or are vulnerable to financial harm due to gambling could have a Third-Party Visit Limit imposed on them by a committee of assessors appointed by NCPG.  The committee will evaluate the individual's financial vulnerability, taking into account factors such as frequency and pattern of casino visits, credit record, work situation and information provided by him and family members.


Before the committee imposes a Third-Party Visit Limit on any person, there will be an opportunity for the individual to object to the proposed visit limit. 

 

MACAU LEGEND STARTS PRE-MARKETING FOR $600 MILLION HK IPO Reuters, Macau Business

Casino operator Macau Legend Development Ltd has kicked off pre-marketing for its planned approximately $600 million Hong Kong IPO.  The company, which owns Macau Fisherman's Wharf, Landmark Macau and Pharaoh's Palace Casino, plans to price the IPO on June 21, with listing scheduled for June 27.  The IPO consists of 100 percent primary shares and would value the company at $2.4 billion.

 

Macquarie wrote in a report that Macau Legend’s gaming tables come under SJM’s casino concession and are some of the under-utilized tables that SJM has.  “Macau Legend’s desire to upgrade the facilities that these tables fit in should result in table yields rising,” it said.

 

MONTHLY BREAKDOWN OF PASSENGER MOVEMENTS Changi Airport Group

The number of Singapore's Changi airport passengers rose 0.8% YoY in April to 4,240,461.

 

THE M3: S'PORE VISIT LIMIT; MACAU LEGEND IPO; CHANGI - cc