THE M3: 1ST WEEK JUNE GGR; SINGAPORE SLOTS OUTLOOK; MOP 20BN IN OCT?

The Macau Metro Monitor, June 11th, 2010

MACAU CASINO SALES RISE 70% IN JUNE ON MORE GAMBLING JUNKETS BusinessWeek

According to DB analyst, Karen Tang, casino gambling revenue in Macau soared 70% in the first week of June. Seeing no sign of a slowdown she raised her forecast of 50% growth in 2010. 

SLOT MACHINE MAKERS SEE BIG WINS FROM ASIA AsiaOne News

Susan Macke, IGT's chief marketing officer,  believes the growth in slot machine uptake will be similar to that of Las Vegas.  Macke said only 1/2 of the 2,500 slot machines allowed for each casino in Singapore have been installed.  Macke is also bullish on South Korea and the Philippines.  For the US market, Macke does not see replacement rate for slot machines rising to the 10% level any time soon as cautious consumer spending will crimp operators' spending on slot capex; however, Macke does see an uptick in sales before the end of the year.


REVENUE GROWTH TO SLOW? WE DON'T BUY IT Intelligence Macau

IM still believes the MOP 20 billion-a-month mark will be broken by October unless Beijing sends a strong signal that mainland asset prices must come down and strong capital flow into Macau is cut off.  Until that happens, junkets will continue to have plentiful working capital and credit to extend to keep the party going.