THE M3: MGM IPO; CHINA GDP/CPI; CHANGI TRAFFIC; CPI; GENTING AVIATION; CONSUMER CONFIDENCE

The Macau Metro Monitor, October 21st 2010

 

PANSY HO: IPO TO FINALIZE BY THE END OF THIS YEAR Macau Daily News

According to Pansy Ho, MGM Macau is still reviewing the IPO status and anticipates a final decision by the end of 2010 or early 2011.  Regarding the Cotai development project, the company has already submitted all the necessary documentation to the government and looks forward to receive the application outcome shortly.

CHINA'S ECONOMC GROWTH COOLS AS INFLATION ACCELERATES Bloomberg

China 3Q GDP grew 9.6% YoY, beating estimates of 9.5% growth but slower than the 10.3% growth in Q2.  Consumer prices jumped 3.6% YoY; inflation is higher than the government’s full-year target of 3%.

CHANGI TRAFFIC SOARS 15.3% Strait Times

CHANGI Airport handled 3.39 million passengers in September, up 10.8% YoY.  YTD traffic has been up 15.3%.

CONSUMER PRICE INDEX FOR SEPTEMBER 2010 DSEC

Macau's Sept CPI increased 3.83% YoY. Month-over-month, CPI increased by 0.27% but the price index of Recreation & Culture fell by 2.07% due to lower charges for outbound package tours after the Summer Holidays.

AVIATION ARM ON THE CARDS Strait Times

Gaming giant Genting Singapore has set up Genting Singapore Aviation, an aviation firm that could be used to fly high-rollers to RWS.  Genting Singapore said the unit provides air transportation services to the Genting Singapore group of companies.