Macau Business Daily, July 7, 2014

Page 1

MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 576 Monday July 7, 2014

Pressurised cabins F

Year III

irst the World Cup, now the smoking ban. Macau’s gross gaming revenues are going through the wringer. A single digit increase of 7 percent is on the cards for this month as casinos prepare to install smoking cabins on mass gaming floors by October 6

www.macaubusinessdaily.com

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3

Iao Kun posts MOP10.8 bln VIP rolling chip turnover

School’s out for summer

Page 2

GEG confident in Macau: Francis Lui

30 infrastructure projects are slated for the summer months. Road paving works, the light rail, MTEL landline network, electricity supply installation, and natural gas pipeline to name but a few. School recess presents a window of opportunity, says the DSAT

Page 3

Forever 21 debuts in Macau Page 8

HSI - Movers July 4

Page 4

Name

Bonanza for banks Non-residents accounted for 45 percent of total deposits in May alone. They deposited MOP208.8 billion. Almost 40% more than the same month a year earlier. Banks are taking notice as this group favours the yuan and US dollar over patacas and HK dollars Page 5

Swiss-China Pact Switzerland and China are getting closer. Their new free trade deal means less red tape and tariffs on Swiss goods imported to China. Plus a new era in strengthening ties Page 10

Interview: Patricia Cheong

The logistics of luxury LUXE by Encanto Luxury founder Patricia Cheong talks to Business Daily. The economic slowdown in mainland China has yet to show up in luxury retail figures here, she says. But brands are set to trim the number of shops opening in new resorts. Regardless, the middle class is coming into its own PAGEs

6&7

%Day

China Resources Lan

3.27

Galaxy Entertainme

2.63

Sands China Ltd

2.43

China Merchants Ho

2.40

China Overseas Land

1.91

Wharf Holdings Ltd

-1.32

Lenovo Group Ltd

-1.71

China Unicom Hong K

-1.96

China Resources Po

-2.44

CNOOC Ltd

-2.56

Source: Bloomberg

I SSN 2226-8294

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