MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo Number 559 Thursday June 12, 2014 Year III
The Broadway Galaxy M
acau already has a Strip. And Broadway could be next. Galaxy Entertainment Group has applied to register the famous moniker for use in its hotels, restaurants, casinos and other services here. The as yet unnamed Phase 2 of Galaxy in Cotai is a strong contender for some business theatre Page
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www.macaubusinessdaily.com
Time to invest No dividends for ordinary Shun Tak shareholders this year. The conglomerate’s management says it will invest 2013 profits in ongoing projects in Macau. Nova City in Taipa and Harbour Mile in Nam Van will be the principal beneficiaries PAGE 2
Spending spree The China government’s efforts to revitalise the economy are reflected in its yearly fiscal spending. So far, US$208.75 billion has been shelled out since January Page 9
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HSI - Movers June 11
Name
Walking on air Macau International Airport reported a 20 percent increase in revenues last year. Airport taxes helped a lot. The aviation business outperformed the non-aviation segment with more passengers and flights
%Day
Sands China Ltd
3.57
Galaxy Entertainm
3.04
Tencent Holdings Ltd
2.56
BOC Hong Kong Hold
1.06
Ping An Insurance Gr
0.83
Hong Kong & China Ga
-1.65
Sino Land Co Ltd
-1.75
China Resources Ent
-2.05
China Mobile Ltd
-2.08
Henderson Land Dev
-12.14
Source: Bloomberg
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Hainan hopeful The Chinese province of Hainan is moving to introduce video lottery terminal (VLT) products. At the moment, it’s a toe in the water. But if approval is granted for the off-limits Sports Lottery market, it will a breakthrough in the domestic lottery industry PAGE 7
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New Kid in Town
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They’re well established in Hong Kong, Mainland China and SE Asia. Now, British retailer Marks & Spencer is opening in Macau. The first store is slated to open in Cotai Strip Resorts in summer. The plan is to open 250 new international stores within three years PAGE 2
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