MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo
Efficiency the key It’s Wynn’s efficiency that puts the operator ahead of its competitors, says The Man. Operating profits grew 16 percent in the first quarter and net revenues 14.2 percent, surpassing the magical US$1 billion mark
Year III
Number 531 Monday May 5, 2014
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Speedier connections Last year, some 2.64 million Chinese visitors entered Macau from the mainland using visas for overseas journeys. But little over 20 percent of them exited Macau. The scheme, that permits visitors to stay for seven days as long as they use Macau for transit, is now being studied by the government. That might restrict the stay period here Page
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PMI moves north
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United we stand www.macaubusinessdaily.com
More households have turned to using a fibre optical broadband connection in 2013, a fivefold increase over that of the previous year
Chinese purchasing manufacturing index (PMI) increased up to 54.8 last month. Investors should welcome the weak improvement in the services sector
Dealers are unhappy due to shiftwork and the way they are treated by disgruntled gamblers the president of Forefront of Macau Gaming Association tells Business Daily. The movement seeks to protect as much as it can its members, as dealers are usually not too educated and unable to develop other talents, says Ieong Man Teng
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HSI - Movers
Momentum still gathering
May 2
Name
Gaming revenues increased 10.6 percent in April, the second lowest hike of the year. Nevertheless, the year is still growing ahead of analysts’ consensus Page
9
%Day
Galaxy Entertainm
3.04
China Mengniu Dairy
2.63
Tencent Holdings Ltd
2.52
Sands China Ltd
2.12
Henderson Land Dev
2.06
Hong Kong & China G
-0.67
CITIC Pacific Ltd
-0.74
China Mobile Ltd
-0.81
Sino Land Co Ltd
-1.03
China Unicom Hong Ko
-1.85
Source: Bloomberg
Less room, more rooms
I SSN 2226-8294
There are 18 hotels being constructed and 25 projects under appraisal for a possible total of 25,600 rooms. At the same time, 86 residential buildings are under construction, 69 of them on the Macau Peninsula Page
6
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