THE MACAU METRO MONITOR, NOVEMBER 21, 2013
NEPTUNE MAY BUY SLICE OF JUNKET OPERATOR'S TAKINGS Macau Business
Neptune Group Ltd has agreed to buy all of Macau VIP gaming room operator Ocean Star’s profits from its junket arrangement. Neptune Group, Ocean Star and So Wai-chi have signed a memorandum of understanding to this effect. They have until the end of this year to negotiate the deal. Ocean Star runs at least 11 VIP tables in the City of Dreams, which have average monthly rolling chip turnover of HK$6.43 billion (US$ 830 million).
MACAU CPI DSEC
October 2013 CPI increased by 6.18% YoY and 0.15% MoM.
MORE VISITOR ARRIVALS TO SINGAPORE IN Q1 2013, BUT TOURISM SPENDING DROPS Strait Times
According to the Singapore Tourism Board's (STB) quarterly report, there were 3.9 million tourists in 1Q 2013, +9% YoY. But overall tourism spending dropped by 6% to $5.7billion. The report showed that visitors spent less on accommodation, shopping, and sightseeing and entertainment. They spent the same amount on food and beverage. The decline in spending was driven mainly by a 6% drop in the number of business travellers.
SINGAPORE RAISES 2013 GDP GROWTH FORECAST ON MANUFACTURING Bloomberg, Channel News Asia
Singapore trade ministry bumped up its 2013 GDP forecast to 3.5-4.0% from 2.5-3.5% earlier. GDP may expand 2%-4% in 2014. 3Q GDP grew an annualized 1.3%, beating estimates of -0.3%.
SINGAPORE CHANGI AIRPORT TRAFFIC Changi Airport Group
October passenger movement grew 3.2% YoY to 4.4 million.
DONACO SEEKS EQUITY TO FUND VIETNAM EXPANSION WSJ
Donaco International Ltd., led by two nephews of Genting Bhd.’s chairman K.T. Lim, is seeking up to 25.8 million Australian dollars (US$24.2 million) to fund the expansion of its five-star hotel and casino in Vietnam. The company said last week that Vietnam’s Ministry of Planning and Investment had provided conditional grants which allow the business to operate a maximum of 50 gaming tables. Its existing 30-year gaming license will be reset in 2014, and run through 2044.
INDIA'S LARGEST CASINO RESORT TO OPEN IN DAMAN NEXT YEAR Indiawest
India’s largest integrated casino resort, spread over 10 acres with 60,000 square feet gaming space in Daman, is likely to open early next year, according to Delta Corp. Limited Chairman Jaydev Modi. The 187-room property will open up new markets for Delta Corp. since it is near Mumbai and within convenient distance from the key cities in Gujarat. This would be the first land-based casino in Daman. The company has three offshore casino vessels in Goa.