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The Macau Metro Monitor.  November 25th, 2009

VISITORS RISE 5% TO 1.9 MILLION IN OCT macaunews.com.mo

Visitation to Macau increased 5.2% year-over-year to 1.95 million in October, one of the highest monthly arrivals numbers on record.  The number of arrivals was up 15.2% month-on-month, according to the data released by the Statistics and Census Service (DSEC).  Mainlanders accounted for 54.1% of all visitor arrivals last month.  Year-over-year, visitation from the mainland grew 18.2%.  Visitors from Hong Kong made up 28.1% of all visitor arrivals in October, down 5.1% compared to the same period last year.


Asia Properties, Inc. released an Memorandum of Understanding “MOU” on November 17, 2009 to acquire 50.13% of Sing Hou VIP Club.  The acquisition will be for 164 million newly issued restricted shares valuing the 50.13% stake at $49 million ($0.30 per share) and is expected to close by mid-January 2010.  Sing Hou has over 3,000 VIP clients and is located in Star World Hotel operating baccarat gaming tables under a VIP Promoter sub-license from Galaxy Entertainment Group.  API’s CEO, Daniel McKinney, explained that the company expects growth of around 10% in the Macau market for 2010.