MOP 6.00 Closing editor: Sara Farr
No new gaming licences until 2025. This will enable Macau to digest the problems caused by strong growth and lack of preparation and planning, says economist. Albano Martins says the comments by Secretary for Economy and Finance regarding consolidation after the next wave of mega-resorts is built in Cotai, in 2017, is important. But the need to deal with the overheated economy and strangulation in terms of human resources is urgent
Definition of mass-market gaming floors and VIP gaming areas will no longer be immersed in clouds of smoke. DICJ promises to clarify the situation once and for all in the near future. A full smoking ban on local casino mass gaming floors comes into effect Oct. 6
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www.macaubusinessdaily.com
Year III
Number 551 Friday June 2, 2014
Publisher: Paulo A. Azevedo
Tam shows his hand
Smoke signals
Bridge over troubled waters Infrastructure delays are becoming the norm. Now it’s the reclamation work in one of the main zones to access the future Zhuhai-Macau-Hong Kong Bridge. The fault, says the government, is the “lack of preparation” by the contractor. But it has picked up the pace, and the original deadline is reachable Page 5
Powerhouse still performing Macau’s GDP grew slower in the first quarter, year-on-year, but still expanded at a robust pace. For the 12.4 percent growth, the export of gaming services and private investments were decisive
Macau’s merchandise trade deficit has widened to almost MOP26 billion
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No biz like show biz Macau poses specific challenges for big trade shows, like flight connections. The president of Reed Exhibitions China, the organiser of G2E Asia, tells Business Daily the event is still growing. More exhibitions are in the pipeline to Macau, a place Nat Wong believes is best suited for consumer-based shows
Name
%Day
Galaxy Entertainme
4.65
China Unicom HK
2.47
Want Want China H
2.08
New World Develop
1.95
Bank of China Ltd
1.93
COSCO Pacific Ltd
-1.54
China Resources Ent
-1.58
Cathay Pacific Airwa
-1.67
CNOOC Ltd
-2.06
Belle International
-2.53
Source: Bloomberg I SSN 2226-8294
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Picking up the pace
Losing less
Factory activity accelerated to reach the fastest growth in the last 5 months. Chinese government measures and increasing orders seem to be behind the successful figures
Studio City Finance Ltd made a net loss on paper of US$13.5 million in the first quarter, mainly due to higher interest capitalisation as the development of Studio City on Cotai continues
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