MOP 6.00 Publisher: Paulo A. Azevedo
Closing editor: Alex Lee
Reaching new heights
Year III
Number 530 Thursday May 1, 2014
Mass market gamblers will continue to “anchor” MGM China revenues and profits but the company aims to improve the profitability and efficiency of the VIP segment even more. CEO Grant Bowie tells Business Daily, following a record first quarter, that the result shows “we had a solid execution of our yield-focused initiatives” Page
www.macaubusinessdaily.com
MJC casino goes ‘chipless’
Profits not a mirage Macau Legend Development reported a 6 percent growth in the first quarter. Gross gaming was the main driver, increasing 16 percent but the VIP segment surged even stronger to reach 19.5 percent
A casino area returned yesterday to the Macau Jockey Club. Its electronic gaming without traditional baccarat tables and gambling chips. The operator of SJM’s satellite casino is Paradise Entertainment Ltd
Page
Page 4
2
Wheels come off fair
Macau, land of the fee
3
Labour unions hit the streets today. Demands and fears page 8
Infrastructure Investment and Construction Forum moves from Beijing to Macau. Permanently Page 5
HSI - Movers April 30
Name
Workers fear unemployment? Not in Macau; at least, not within the transport business. A recruitment fair for professional drivers succeeded in filling just 5 percent of the 1,200 vacancies on offer with locals
%Day
China Unicom Hong K
5.87
China Resources Lan
0.76
China Mobile Ltd
0.75
Hong Kong Exchange
0.29
BOC Hong Kong Holdi
0.00
Tingyi Cayman Islan
-2.71
Cheung Kong Holdin
-2.73
Swire Pacific Ltd
-2.77
AIA Group Ltd
-3.22
Tencent Holdings Ltd
-5.16
Source: Bloomberg
I SSN 2226-8294
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Kate O’Keeffe does not have many doubts regarding the expansion of gaming in Macau. Enormous growth rates threaten to swamp total US gaming figures. Great and scary, as the Wall Street Journal reporter shares with Business Daily. And what might be the main risks for Macau in the future? China’s slowdown and increasing US scrutiny of money laundering activities Pages 6 and 7
Business Daily will not be published tomorrow, as we’re celebrating International Workers Day. Macau’s business and political news that matters the most will be ready for you very early on Monday
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