Viva the pataca during Year of the Horse Page 5
MOP 6.00 Year II
Number 477 Monday February 17, 2014
Publisher: Paulo A. Azevedo
Closing Editor: Michael Grimes
Tourists push city to bursting point, legislators say
SmarTone posts first loss here in four years Page 5
Luk Fook reports 7 pct rise in CNY sales Page 8
L
egislative Assembly members have urged the government here and in Beijing to halt new policies that would encourage more mainland tourists to the city. The members called for more effort to ease the strain tourists place on the city’s infrastructure during holidays. Macau had more than one million visitors during the Lunar New Year vacation week that ended on February 6. That was a 13-percent increase over the equivalent period last year, Macau Government Tourist Office data show. About 770,000 tourists were from the mainland, a 23-percent increase. Pro-democracy assembly members Au Kam San and Antonio Ng Kuok Cheong say in a letter to the Macau deputies in the National People’s Congress that the city has little capacity to handle more tourists. More on page 2
CE stresses local dealers-only – again www.macaubusinessdaily.com
business daily 1
Friday April 19, 2013
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Chief Executive Fernando Chui Sai On stressed again on Friday that casino dealer positions can only be filled by permanent residents. It follows a comment on Thursday from a senior casino executive calling on the government at least to study the possibility of using non-resident dealers. “Until this moment we are still resolute that only local residents can work as casino croupiers; [a policy] which has not changed,” said Mr Chui on Friday before his departure for an official visit to the mainland’s Guangxi province. He didn’t however completely shut the door on the notion of adjusting the policy. He hinted that provided locals had adequate employment opportunities, labour policies could be framed to suit business needs.
Hang Seng Index
Page 3
February 14
HSI - Movers
Lucky 88 pct of city’s GDP from gaming: Fitch
Name
Macau derived nearly 88 percent of its gross domestic product from gaming in 2012 according to the latest sovereign assessment from Fitch Ratings. “Revenue from gaming accounted for 87.7 percent of GDP, while the government is estimated to have relied on this sector for 76.5 percent of its revenue in 2012,” says the report from Anna Thung, based in Hong Kong. Page 4
%Day
Galaxy Entertainment
2.41
Sino Land
2.13
Tingyi Holding
1.74
Tencent Holdings
1.57
COSCO Pacific
1.55
CITIC Pacific
-1.38
AIA Group
-1.35
China Resources
-1.29
Li & Fung
-1.13
Belle International
-1.06
Source: Bloomberg
Interview
I SSN 2226-8294
Tourism industry needs rethink: academic To avoid the sort of overcrowding seen during Chinese New Year, the government needs to create new routes for tourists, as well as reorganising the throng visiting popular sites such as the Ruins of St Paul’s, says Amy So Siu Ian. Ms So, director of the hospitality and gaming management programme at the University of Macau, added that the government needs to think about its tourism master plan. Pages 6 & 7
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