The Macau Metro Monitor. November 4th, 2009.
MACAU’S GROSS GAMING REVENUE RECORDS US$1.58 BILLION IN OCTOBER macaunews.com.mo
Macau’s gross gaming revenue recorded a new high last night at US$1.58 billion (MOP12.6 billion), an increase of 42% as compared with October last year, according to the Portuguese news agency Lusa. Lusa said that provisional figures show that last month’s revenue was greater than the previous record month of August by some MOP1.4 billion. The good performance in October was certainly aided by the “Golden Week” celebrations for the 60th anniversary of the founding of the People’s Republic of China.
SANDS CHINA TIPS 17% EARNINGS RISE scmp.com
Sands China, the Macau unit of Las Vegas Sands Corp that is hoping to raise US$2.5 billion in a Hong Kong initial share sale, said that earnings might rise 17% this year as casino revenues recover. The company said, in a draft listing prospectus filed with the Hong Kong stock exchange, that adjusted EBITDAR would not be less than US$802.9 million this year, from US$686 last year. Cost cuts and rising casino revenue in the third quarter have helped offset the impact of the global economic downturn, the outbreak of swine flu, and visa restrictions for mainland customers, the company said. The draft prospectus said that Sands Macau’s profit may rise 9.5% to US$192.4 million this year.
MACAU’S EXPORTS FALL 55% FOR JANUARY TO SEPTEMBER macauhub.com
Macau’s exports fell by 55% to MOP5.78 billion between January and September compared with the same period the previous year, according to the Statistics and Census Bureau (DSEC). The DSEC also said that imports for the January to September reached MOP26.45 billion (US$3.3 billion), a fall of 19.3% compared to the value posted for the same period in 2008. From January to September, exports to Macau’s main markets, the United States, the EU, and China, were down 79.3%, 59.6%, and 45.4%, respectively.