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Minddoc7

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Re: joelipp post# 216

Wednesday, 06/01/2011 9:17:08 AM

Wednesday, June 01, 2011 9:17:08 AM

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Wall Street Journal Article....

From below linked article:

Macau's May revenue was at the high end of a May 26 forecast from Bank of America Merrill Lynch for gambling revenue to hit between 23 billion patacas and 24 billion patacas last month. Analyst Billy Ng said the strong growth was partly due to the May 15 opening of Galaxy Entertainment Group Ltd.'s new casino resort in Macau's Cotai area.

"We see Galaxy Macau driving traffic and injecting new VIP liquidity, with growth in both mass (market) and VIP for the rest of 2011," Mr. Ng wrote.

http://online.wsj.com/article/SB10001424052702303745304576358614169648994.html

" Success seems to be largely a matter of hanging on after others have let go." ~ William Feather

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