Macau Business Daily, May 19, 2014

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MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo Number 541 Monday May 19, 2014 Year III

NO smoke without ire T

he government has banned smoking on mass gaming floors effective October 6. Casino operators are adopting a ‘wait and see’ attitude as operational details remain hazy. Some gaming analysts believe that gaming revenues could take a hit, citing Sin City and Australia’s reactions to like legislation

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8 times faster

Adieu CEM Page 8

www.macaubusinessdaily.com

The Hong Kong-French JV of NWS and Suez Environnement will sell its stake in Macau’s electricity supplier. CEM goes to a Chinese state-owned company for US$612 million (4.9 billion patacas)

The average price for an office or industrial space in Macau increased 23 percent in the first quarter of 2014, while residential prices rose 3 percent Page 4

BIR surprise

Portuguese president said in Macau to be surprised by Resident Identity Card restrictions to portuguese citizens Page 9

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HSI - Movers

More than “We’re a boutique chips, please hotel in Macau”

Eyes on UnionPay

Interview

Sofitel Macau at Ponte 16 General Manager, Michel Molliet, tells Business Daily that the incoming wave of new hotels to Macau will really shake up the market. He’s happy with his niche on the Peninsula, though, despite some challenging years. And Sofitel plans to open eight more properties in Mainland China by 2017 with four more in the hopper Page

6&7

A European Union report chides the Macau Government for lack of progress in diversifying its economy. Efforts to make the political system more democratic get higher marks Page

May 16

4

Name

The government says it will step up measures to oversee the use of UnionPay cards here if necessary. Suggestions that casinos will introduce new rules in July for in-house or nearby stores selling luxury products are dismissed out of hand. Page

%Day

Belle International

1.18

Lenovo Group Ltd

1.12

HSBC Holdings PLC

0.99

Sands China Ltd

0.88

Hang Lung Propert

0.84

China Overseas Land

-1.74

China Resources Land

-1.80

Cathay Pacific Airwa

-2.10

Tencent Holdings Ltd

-2.11

Want Want China H

-6.35

Source: Bloomberg

I SSN 2226-8294

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Macau Business Daily, May 19, 2014 by Business Daily - Issuu