Inside Asian Gaming

INSIDE ASIAN GAMING | December 2008 8 Cover Story Net win per table to stablize after a sharp fall in 2009 Estimates of scheduled year-end number of tables, slot machines and net win per day of Macau’s gaming martket, by operator, 2007-2012E Source: Company data, Goldman Sachs Economics Research estimates. L VS’s suspension of its Cotai construction work is not the only supply side change projected for Macau’s gaming market in the next four years, says Goldman Sachs. In addition to an estimated 2,100 gaming tables and 7,500 slot machines being taken out of the mix in the short term by the LVS decision, says the investment house, a number of other projects are going to be either delayed or mothballed. These projects are: • Galaxy’s Mega Resort delayed from the third quarter of 2009 to 2010. • Push back of SJM Holding’s L’Hermitage, Arc de Triomphe, Oceanus and Cotai II projects by about one year. Galaxy’s Mega Resort is among the late arrivals to the Cotai party Supply and Demand LVS is not the only operator delaying or mothballing Macau projects “Both LVS and Galaxy announced their plans to shelve their casino development plans, which would otherwise add about