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43


All shall have cash


sources Ltd (AERL) announced last month the institution of a regular semi-annual cash dividend of 10 U.S. cents per outstanding ordinary share. The  rst payment will be offered af- ter the release of the company’s second-quarter results. The NASDAQ-listed com-


V


pany also announced a share buy-back programme. AERL closed its operations


at MGM Macau by “ mutual agreement” on June 15. “The MGM VIP room is on a


win/loss sharing remuneration method, and accounts for only a small percentage of AERL’s total monthly rolling chips turnover,” AERL said in a press release. “The closure will eliminate the risk to the earnings volatility associated with the win/loss sharing compensation model, and will enable the company to better allocate resources – both human and cage capital – to its three  xed-rate-commission VIP rooms.” With the closure of its MGM


Macau room, AERL now oper- ates at StarWorld, Galaxy Macau and the Venetian Macao.


Name


SJM Holdings Ltd. Galaxy Entertainment Group Wynn Macau Ltd. Sands China Ltd. Melco Crown Entertainment Melco International Develop. Amax Holdings Ltd Success Universe Group Ltd Hang Seng Index Las Vegas Sands Corp. MGM Resorts International Wynn Resorts Ltd. Genting Singapore PLC Penn National Gaming Inc. Dow Jones Indus. Avg. S&P 500 Index


Share price performance (HK$/US$)


52-week high


19.4 18.3 28.4 23.5 12.1 8.0 0.2 0.9


24,988.6 55.5 16.9


151.7 2.4


40.5


12,876.0 1,370.6


52-week low


6.1 3.8


11.5 10.8 3.6 2.9 0.1 0.3


19,777.8 20.7 8.9


67.8 1.0


22.3


9,614.3 1,010.9


6/24/2011


17.3 15.7 23.4 19.0 11.1 7.3 0.1 0.5


22,172.0 39.6 12.5


132.9 1.9


39.6


12,050.0 1,283.5


JULY 2011 Change (%)


Month-to-date Year-to-date -8.8


-10.2 -14.2 -5.6 -0.7 1.4 -7.1


-12.9 -6.4 -4.8


-17.4 -9.3 -3.5 -2.3 -4.1 -4.6


40.2 78.4 34.2 11.4 75.2 64.2 -12.0 66.2 -3.7


-13.9 -16.2 27.9


-12.3 12.5 4.1 2.1


IP room gaming promoter Asia Entertainment & Re-


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