THE M3: GALAXY MACAU, CPI, GAMING TAX REVS

The Macau Metro Monitor, August 20th, 2010


RETHINKING GALAXY MACAU Intelligence Macau

IM is optimistic that Galaxy Macau will cater well to the mass and premium direct business.  Leading the premium-direct charge is Dennis Andreaci who brings a wealth of Asian experience from opening Sands Macau in 2004 and Venetian Macau in 2007.  Also, Galaxy will gain from being more like the Venetian than anyone else. The kind of people who visit the Venetian – more than half of all visitor arrivals – will be attracted to Galaxy Macau, too.  Additionally, IM thinks Galaxy Macau's grand entrance, superb interior and facilities, and Starworld's success stemming from its aggressive revenue-sharing policy with the junkets will be beneficial for the new Cotai facility.

CPI FOR JULY 2010 DSEC

The Composite CPI for July 2010 increased by 2.96% YoY (0.21% MoM).  The price index of Recreation & Culture rose by 2.61% MoM, attributable to higher charges for outbound package tours.

MACAU GAMING TAX REVENUES BOOST macaubusiness.com

Macau's budget surplus soared 75.5% YoY to MOP24.9 billion in the first seven months of 2010, with direct taxes from gaming (representing 84% of public finance revenue) increasing 63% YoY to MOP35.1 billion.