THE M3: RWS JUNKET APPS; HOTEL OCCUPANCY; GALAXY RECRUITMENT FAIR; MORE CHINA CURBS

The Macau Metro Monitor, September 30th 2010

JUNKET OPERATORS SLIDE INTO THE GAMING FRAME Business Times
Singapore's Casino Regulatory Authority (CRA) said it has received license applications from junket operators endorsed by Resorts World Sentosa.  There was no information on the number of applicants or when licenses will be granted.

HOTEL OCCUPANCY EXPECTED UP TO 90% Macau Daily News

As Golden Week approaches, surveys show hotel room rates up 10-15% YoY.  For the first two weeks in October, hotel occupancy rate will exceed over 90%.

GOV'T TO KEEP AN EYE ON GALAXY'S RECRUITMENT FAIR Macau Daily Times

Not to repeat the chaos that erupted from Galaxy's previous recruitment fair in March, the Labour Affairs Bureau (DSAL) will coordinate with Galaxy regarding the job interview arrangements for Galaxy Macau.  Galaxy has started to advertise in local newspapers and also launched a career website.  However, director of the DSAL, Shuen Ka Hung told reporters that the bureau had not yet received a notification from Galaxy about staging a mass recruitment drive or the date of the event.

CHINA CANCELS SOME TAX BREAKS FOR HOME PURCHASES Wall Street Journal

China's government has canceled certain property tax breaks. The reduced real-estate transaction tax of 1% will no longer apply to individual first-home buyers if their family members already own one or more homes.  To stem speculation, the government also canceled individual income tax breaks for those who buy a new home less than one year after selling a home.