亚洲娱乐资源7月转码数下滑40.8%

　　澳门赌场运营商亚洲娱乐资源有限公司（AERL）7月份转码数指标下跌40.8%，为13.1亿美元。跌幅明显超过六月份录得的9％ （虽然金额数与6月份的 13.65亿美元相差不大）反映了7月整个澳门市场经济增长在放缓。像其他人认为一样，AERL把下跌的原因归咎于遍历小镇的台风，使渡轮服务关闭，富商都被困留在内地，再加上与2011年7月有五个周末相比今年7月如寻常只有四个周末的事实。由于中国的经济放缓，AERL有意识地决定“谨慎放贷”。 AERL必须抗衡的大型鲸鱼的一次性外观，去年7月赌场营业额达到近2亿美元。在另一方面，AERL的全年营业额达1137.7万美元，比2011年同期上涨 7.1%美元。

　　AERL还宣布，银河星世界、澳门银河和威尼斯澳门贵宾室的酬金模式正在改变，由原来的1.25％的固定佣金改成收入股份模式。AERL董事长林文宝说，佣金模式在过去两年确定有用，那时AERL可用账房资本只有4500万美元。“如今，三间房的29个贵宾桌可用账户资金在2.6亿美元美元以上，我们相信，围绕收入股模式更大的波动将显著减少。”该公司认为，“AERL通过模式转换可以实现“超过1.3％”的回报，这也将让AERL额外津贴议价出售和其他奖励，从而增加收入，并最终增加净收入。”同时该公司宣布了一项股票回购计划，因AERL将重新获得多达200万的普通股，良好状态将维持到2013年6月。

　　译文：

　　Macau junket operator Asia Entertainment & Resources Ltd. （AERL） saw rolling chip turnover fall 40.8% in July to US$1.31b. The drop-off is significantly more than the 9% fall recorded in June - although the dollar figure isn’t far off June’s $1.365b - and reflects the slowdown in growth experienced by the whole Macau market in July. Like everyone else, AERL blames the typhoon that blew through town, shutting down the ferry service and leaving those high-rollers stranded on the mainland, plus the fact that there were five weekends in July 2011 compared to the usual four this year. AERL also made a conscious decision to “be more prudent in extending credit” due to China’s slowing economy. Oh, and AERL had to contend with the one-off appearance of the mega-whale who turned over almost $200m on the tables last July, which sorta skewed the numbers. On the plus side, AERL’s year-to-date turnover was $11.377b, up 7.1% over the same span in 2011.

　　AERL also announced that it is changing its remuneration model from a fixed commission of 1.25% of rolling chip turnover to a revenue sharing model at its VIP rooms at Galaxy Star World, Galaxy Macau and the Venetian Macau. AERL chairman Lam Man Pou said the commission model made sense two years ago, when AERL had only $45m in cage capital. “Today, with over $260m in cage capital and with 29 VIP tables in three rooms, we believe the greater volatility surrounding a revenue sharing model is significantly reduced.” The company believes it can achieve a return of “over 1.3%” via the rev-share model, which will also allow AERL to “negotiate on additional allowances and other incentives, thus increasing revenue and ultimately, net income.” AERL simultaneously announced a share repurchase program, good until June 2013, under which AERL will reacquire up to 2m of its ordinary shares.