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Date: December 16, 2006 - December 22, 2006

News Summary This Week

  • Important news this week are related to the successful Nasdaq listing of Melco PBL ADS

Macau Casino News - Local Newspapers and Periodicals

Emperor Group Casino earned MOP 460 million in thrid quarter (Macau Daily)
Stanley Ho is optimistic to Macau gaming market (Macau Daily)
Melco PBL ADS IPO higher than expectation (Macau Daily)
Gambling tax expected to reach MOP 20 billion (Macau Daily)

Macau Casino News - International Sources

Venture takes gamble on Nasdaq (The Standard)
Melco PBL Entertainment Announces Successful Listing on NASDAQ (Business Wire)
Macau turns tables on Las Vegas (The Australian)
Melco PBL Entertainment ADRs priced at 19 usd ahead of Nasdaq listing (Forbes)
Melco PBL rallies in $1.1 bln IPO (Market Watch)
IPO for Melco PBL raises $1.14 billion (Bloomberg News)

 

Macau Casino News - Local Newspapers and Periodicals


Emperor Group Casino earned MOP 460 million in thrid quarter (Chinese News Article)

  • Up to the end of September this year, revenue from casino operation of Emperor Hotel reached MOP 460 million accounting for 86.5% of total revenue.
  • 72% of casino revenue came from VIP rooms accounting for MOP 330 billion.
  • Average daily gross revenue of each gaming table of Emperor Hotel was MOP 676 thousand, which is higher than the market average, which is MOP 20-30 thousand.
  • Mass gaming tables increased 44 to 48.
  • Average daily gross revenue of mass gaming tables was MOP 28 thousand per table.
  • Slot machines also increased from 333 in March to 348 and gross revenue reached MOP 58.6 million.
  • Emperor Hotel with 291 rooms reached 81% occupancy.

Source: Macau Daily
Published: 21 December 2006, Thursday

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Stanley Ho is optimistic to Macau gaming market (Chinese News Article)

  • Macau gambling tax reached MOP 18 billion and is about to reach MOP 20 billion.
  • Stanley Ho believes that with growing casino market, all casino operators will be benefited.
  • He also believes that with the opening of Fisherman’s Wharf, Babylon Casino and Grand Casino Lisboa, SJM’s market share will increase.
  • In fact, market share of SJM is dropping from 85% in 2004 to 75% in 2005 and 51.4% record low in November 2006.
  • Grand Lisboa is expected to be open on 15th January, 2006.
  • Stanley Ho admits that there is shortage of manpower in casino operation and hopes that Macau government can implement some effective policies to resolve the problem.

Source: Macau Daily
Published: 20 December 2006, Wednesday

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Melco PBL ADS IPO higher than expectation (Chinese News Article)

  • Due to strong popularity, initial price of Melco PBL ADS increased from US$16-18 per share to US$19.
  • Market analysts believe that the successfully listing in Nasdaq is capable to relieve the financial stress of the joint venture.
  • Analysts believe that the joint venture has much potential for further growth.
  • Following the listing of Melco PBL joint venture, Macau gambling industry enters a new era. Casino operators should adopt appropriate strategies in maintaining revenue and market growth.

Source: Macau Daily
Published: 20 December 2006, Wednesday

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Gambling tax expected to reach MOP 20 billion (Chinese News Article)

  • From January to November this year, Macau SAR collected MOP 20 billion gambling tax.
  • In the first 17 days of December, total gambling revenue has increased by 38% when compared with same period last year
  • It is expected that total gambling revenue will exceed 20% when compared with last year
  • Wynn has almost caught up with Sands in Macau market share
  • Contemporarily, SJM acquires 51.4% market share, while Wynn, Galaxy and Sands capture 15%, 14.6% and 18% market share respectively.
  • Wynn is the casino operator with highest table win this month
  • Mocha, which only operates slot machines and run by Melco, acquires 1% casino market share.

Source: Macau Daily
Published: 19 December 2006, Tuesday

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Macau Casino News - International Sources


Venture takes gamble on Nasdaq

  • Melco and PBL are gearing up to sell US$1 billion on Nadsdaq and the companies agreed that they would share economic values and benefits evenly of all projects in Macau and Asia.

Source: The Standard
Published: 18 December 2006, Monday

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Melco PBL Entertainment Announces Successful Listing on NASDAQ

  • Melco PBL Entertainment (Macau) Limited raised US$1.14 billion from its IPO.

Source: Business Wire
Published: 21 December 2006, Thursday

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Macau turns tables on Las Vegas

  • Gross gaming revenues in Macau reached $US5.51 billion over past 10 months of this year and surpassed the Las Vegas strip's total of $US5.44 billion over the same period.

Source: The Australian
Published: 20 December 2006, Wednesday

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Melco PBL Entertainment ADRs priced at 19 usd ahead of Nasdaq listing

  • Melco PBL Entertainment (Macau) Ltd has been priced at US$19 per American Depositary Receipt ahead of listing on the NASDAQ Global Market

Source: Forbes
Published: 19 December 2006, Tuesday

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Melco PBL rallies in $1.1 bln IPO

  • Melco PBL Entertainment Ltd. rose 13% in its stock market debut as Wall Street opened its wallet for the developer and operator of casinos in the rapidly growing gambling center of Macau, China.

Source: Market Watch
Published: 19 December 2006, Tuesday

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IPO for Melco PBL raises $1.14 billion

  • Melco PBL Entertainment (Macao) sold 60.3 million American depositary shares for $19 each and the joint venture plans to invest $3.31 billion over five years building three casinos resorts and an apartment complex.

Source: Bloomberg News
Published: 19 December 2006, Tuesday

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