Macau Business Daily, Jan 11, 2014

Page 1

MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo Number 558 Wednesday June 11, 2014 Year III

Decent Start

G

aming revenues in Macau increased 5 percent year-on-year in the first week of June. The casino industry has breathed a collective sigh of relief. For now. Analysts predict growth revenues for this month at anywhere from -2 to 7 percent, less than half the original consensus of a few weeks ago when the market pencilled in 14 percent

www.macaubusinessdaily.com

A private equity company is the most likely buyer of International Game Technology. The world’s largest gaming equipment provider has much to offer. But competitors may have to negotiate antitrust hurdles. IGT has hired Morgan Stanley to explore sale options, as shares climb 15 percent

%Day 2.62

China Petroleum & Ch

2.52

CNOOC Ltd

2.41

Ready to go

China Life Insurance

2.11

Hang Lung Propert

-0.41

Sun Hung Kai Propert

-0.65

Galaxy Entertainm

-1.50

Fledgling bus operator New Era starts July 1. The green bus service originally launched by bankrupt Reolian continues under New Era on a 3-year public concession term that expires on June 30, 2017

Sands China Ltd

-1.98

China Resources Land

-3.42

Source: Bloomberg

I SSN 2226-8294

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It’s another goal. Celebrity footballer David Beckham is to open a Las Vegas restaurant called Beckham’s Bistro. In Macau, the Sands ambassador is planning to develop “dining, retail and leisure concepts” PAGE 8

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Name Tencent Holdings Ltd

4

Dave’s diner

Inflation in China rose to 2.5 percent in May. The government appears to be on the way to reaching its stabilisation goal

June 10

3.02

PAGE 7

China lines up goal

HSI - Movers

Belle International

Page

IGT for sale

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Electronic escapade The Shanghai branch of Xiamen International Bank is being sued by Shanghai Huaye Iron & Steel Group. The parent bank of Macau’s Luso International Banking is accused of pre-emptively debiting a 160 million yuan loan guarantee deposited by the steelmaker Page 3

2014-6-11

2014-6-12

2014-6-13

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