Monday, May 24, 2010

Gaming, Lodging & Leisure $LVS $MGM

Gaming, Lodging & Leisure

Macau visitors rose 13.1% YoY in April to 2.11M, according to the Statistics and Census
Service. [RTT News]  0
· LVS: Sands China announced that the Venetian Orient has received a $1.75B bank loan; the
maturity date will be on June 16th, 2015. Additionally, CEO Steve Craig said that LVS is
negotiating to try and enter the Japanese casino market. [China Knowledge] Recall: On 5/20
– Sands China announced it has closed $1.75B in financing used to finish construction for the
Shangri – LA, Traders, and Sheraton Complex for their Cotai development. [China
Knowledge] & [MarketWire]

· LVS: Sands China climbed 5.9% in HK pre-market trading as of 9:50am local time.

· MAR plans to double their China portfolio in the next 5 years. Marriott has signed
management agreements for 7 hotels in China and wants to double its presence there in about
5 years. Marriott anticipates having 60 hotels across six brands by the end of 2010, including
8 Ritz Carlton hotels. Marriott may also start a lower priced brand in China, similar to
Fairfield [PRNewswire – First Call] & [Reuters]

· DE Gaming: Harrington Raceway will be the first to offer table games in DE; test games are
expected to begin today and could officially start over Memorial Day weekend. [Newark
· NH Gaming: With the budget negotiations in NH starting on Monday, the chances of
legalizing video slots in NH for 2010 seem to be unlikely given the written rules signed last
week. [Boston Herald]

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