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 RELEASES MOU TERMS FOR MACAU CASINO benzinga.com
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.