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| ISSUE 96 - Apr 2012 |
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CNY starting strong in Macau
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Posted: 1/26/2012 4:58:26 PM
The Chinese New Year holiday started strong in Macau, attracting hundreds of thousands to the gaming floors, Union Gaming Group Macau head Grant Govertsen said in an investors note released yesterday (U.S. time).
“We expect visitation to continue to grow on a sequential basis through Sunday and expect gaming volumes to similarly grow, ending January on a high note and setting the tone for the first quarter and beyond,” Mr Govertsen was quoted as saying by the Las Vegas Review-Journal.
Mr Govertsen predicts that when the math is all added up revenues for the month of January could break a single month record.
The last single month record was in October when revenues reached MOP26.85 billion (US$3.35 billion).
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| Other Macau Latest News |
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| MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming |
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| Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened |
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| The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix |
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| Property experts say prices in Ilha Verde area could go up 10-fold |
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| The company’s president and CEO has had his contract extended until August next year |
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| Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports |
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| Less informal lending in Wenzhou may lead to VIP slowdown in Macau’s casinos, says Macquarie |
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| The casino mogul dismisses rumours about connections between Tien Chiao and any government officials |
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| US |
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| DJIA |
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| Nasdaq |
2,874.04 |
0.00 |
| S&P 500 |
1,324.80 |
-5.86 |
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| Europe |
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| DJ Stoxx 50 |
2,138.85 |
-36.49 |
| DAX |
6,313.26 |
-71.00 |
| FTSE 100 |
5,320.54 |
-84.71 |
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| Asia |
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| Nikkei 225 |
8,876.59 |
+75.42 |
| Hang Seng |
19,200.93 |
-58.90 |
| STRAITS TIMES INDEX |
2,822.61 |
-8.54 |
| S&P/ASX 200 |
4,157.40 |
-8.100 |
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| 2012-5-17 |  | | 24°C ~ 30°C |
| | 2012-5-18 | | | 24°C ~ 30°C |
| | 2012-5-19 | | | 24°C ~ 30°C |
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[...] Macau Business [...]
Pingback by CNY starting strong in Macau – Macau Business | Local Advantage NY — January 26, 2012 @ 6:35 pm
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Pingback by Analyst sees Macau casinos breaking gaming win mark – Las Vegas Review-Journal | Bingo Jubliee — January 28, 2012 @ 12:56 am
[...] Macau Business [...]
Pingback by Melco Jumps to Three-Month High as New Year Gamblers Boost Macau Revenue – Bloomberg | Live Fox Casino — January 31, 2012 @ 6:54 pm
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