THE M3: AUGUST GGR; PONTE 16 3RD PHASE; IDLE LAND; EMPLOYMENT SURVEY

The Macau Metro Monitor, August 19th, 2010

GROSS GAMING REVENUE SURGED TO MOP $7.9BN IN AUGUST Macau Daily News

From August 1st-15th, Macau GGR surged to MOP $7.9 bn (+51% YOY, +12.5% MoM).  Market share is as follows: SJM 29%; MPEL 19%; LVS 18%; Galaxy 14%;  Wynn 13%; and MGM 7%.


AMBROSE SO: PONTE 16 IS DOING BETTER NOW Macau Daily Times 

Regarding Ponte 16's third phase, Ambrose So said, “We are at the design stage and we have some legal things to settle with the occupant there...There is an appeal ongoing and it takes time for the court to assign a date [for the decision]."  Phase III will include an entertainment, retail and recreational complex and a waterfront promenade.  So also mentioned that Ponte 16 is ramping up and that its gaming revenues are much better than last year's.   

NO TIMETABLE TO TAKE BACK IDLE LAND: MACAU GVT macaubusiness.com

Jaime Carion, director of DSSOPT, said the government has no timetable on when it plans to take back idle land.  DSSOPT has received replies from 26 concessionaires explaining why they have left their land parcels undeveloped, which are being studied by the bureau’s legal department.

EMPLOYMENT SURVEY FOR 2Q 2010 DSEC

Total labor force was 326,000 in 2Q, comprising 317,000 employed and 9,300 unemployed. Compared with 1Q, total labor force registered an increase of 3,100, with number of the employed increasing by 3,300  and unemployed decreasing by 200.