THE M3: SANDS CHINA VISITATION; MGM LAWSUIT TO CLAIM DEBT

THE MACAU METRO MONITOR, AUGUST 14, 2013

SANDS CHINA RECORDS 5.6 MLN VISITORS IN JULY Macau Business

Sands China says it had a record 5.6 million visitors to its establishments in July, 34% YoY.  Sands China president and chief executive Edward Tracy says July’s performance was a sign of the company’s commitment to the government strategy of making Macau a global attraction by diversifying its tourism industry.


He says promotions and events accounted for much of the increase in the number of visitors.  Sands China’s 600 shops had over 4 million visitors, 67% YoY.

PHILIP CHAN'S DAUGHTER SUED FOR HK$4.5MM OVER GAMBLING DEBTS SCMP

MGM Macau is suing the daughter of showbiz veteran Philip Chan Yan-kin for gambling debts of HK$4.52 million chalked up in December, a writ filed to the High Court showed.  MGM Grand Paradise claims Joanne Chan Jo-yan agreed to accept a line of credit granted by the casino to gamble at the venue.

MGM says in the writ that it hired Hong Kong solicitors to issue a demand letter to Chan to seek further repayments. Despite the written demand, she failed to make payment, it said.  The casino filed a lawsuit in a Hong Kong court to claim the debt and interest.