Macau Business Daily, May 21, 2014

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MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 543 Wednesday May 21, 2014 Year III

Operators enthusiastic

www.macaubusinessdaily.com

Hey, big spender Visitors to Macau spent about 10 percent more in the first quarter this year, bringing their per capita spending to MOP2,074. Mainland Chinese visitors continued being the biggest spenders

Casino operators say there is little bad press can do to dampen Macau’s success story. That goes for the recent crackdown on junkets and UnionPay transfers. All these, speakers at the Global Gaming Expo said, are just ‘minor events’, which will not have that big an impact in the long run. The future? The premium mass; with the ‘biggest opportunity’ yet to come Page

Gaming revenue up 750pct in 10 years

Haitong to consolidate Macau presence

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HSI - Movers May 20

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Name

Business a vocation Vocational training courses focusing on business administration were most favoured last year. Nonetheless, more people opted to improve their language skills following a hard day’s work or study Page 4

Provincial governments back bonds China announces that 10 local governments will be able to sell bonds directly for the first time Page 10

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Haitong International Securities’ Macau branch recorded a total operating income of nearly MOP10.6 million in 2013, up 15.3 percent on the previous year. Net

profit also registered a 20 percent growth at about MOP4.82 million last year. Encouraging enough to open a new branch Page 5

%Day

Tencent Holdings Ltd

4.00

Galaxy Entertainme

3.16

China Resources Po

2.68

China Mengniu Dairy

2.23

Lenovo Group Ltd

2.01

China Shenhua Ener

-1.88

Cathay Pacific Airwa

-1.89

China Resources Lan

-2.38

Power Assets Holdin

-2.72

China Unicom Hong K

-3.06

Source: Bloomberg

Budget blues

Galaxy earnings surge 38pct in Q1 Galaxy Entertainment Group Ltd reported adjusted earnings before interest, taxes, depreciation and amortization increased to HK$3.8 billion in the first quarter, slightly less than analysts’ estimates Page

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I SSN 2226-8294

USJ is currently 150 million to 200 million patacas short. And it’s racing against time to complete its project. The University of Saint Joseph and Saint Joseph’s Secondary School in Ilha Verde are now exploring all avenues to secure funding for their dormitory, auditorium and chapel Page

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