THE M3: ENCORE OPENING, MORE LOANS

The Macau Metro Monitor, April 16th, 2010


ENCORE TO OPEN ON APRIL 21 macaubusiness.com

Wynn Encore's opening day is April 21. The MOP1.5 billion project includes 61 gaming tables, 400 suites and four luxury villas. The president of Wynn Macau, Ian Coughlan, said that the Macau government's recent decision to cap the number of gambling tables is suitable and bears in mind Macau’s own characteristics.

LOANS EXPANDING macaubusiness.com

Domestic bank loans to the private sector expanded 1.9% in February to MOP104.6 billion, according to statistics released by the Monetary Authority of Macau. Meanwhile, external loans grew 6.2% to MOP101.2 billion.Total deposits with the banking sector dropped 0.5% from the previous month to MOP293.2 billion. Due to the decline in resident deposits and increase in domestic loans to the private sector, the loan-to-deposit ratio for the resident sector grew 2.0% in a month to 47.5% at end-February 2010.