Macau Business Daily, July 8, 2014

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MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo Number 577 Tuesday July 8, 2014

After HK, Macau?

M

Year III

acau Conscience, Macao Youth Dynamics and Open Macau Society. They jointly plan to hold a civil referendum on the CE election a la Hong Kong. Our neighbouring SAR attracted 800,000 voters for their unofficial referendum. Macau organisers just want numbers to exceed those sitting in the electoral college PAGE

www.macaubusinessdaily.com

Le Saunda Macau’s sales stable in Summer Shoe retailer Le Saunda is pinning its hopes on summer for the SARs. CEO Alice Lau Shun Wai is looking for healthy growth from Macau and Hong Kong in June and July.

2

Aristocrat buys VGT

Tough at the top The opening of new casinos in Cotai is just around the corner. But this will increase competition in the VIP market, too. Junket operator Iao Kun says the ‘fight’ for revenue will extend even further afield. Because neighbouring countries are easing restrictions on Chinese visitors PAGE 3

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Slot maker Aristocrat Leisure has agreed to buy Video Gaming Technologies (VGT) for about US$1.3 billion (10.4 billion patacas). This will triple its North American business amid falling profits in Australia PAGE 6

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Keeping the momentum going

HSI - Movers

Premier Li said yesterday it’s been a more positive second quarter. Nevertheless, the government will implement further targeted measures. Too many sectors are still facing difficulties

June 7

Name

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LRT to cost 8 mln in maintenance Maintenance, project management and technical assistance. The first phase of the Light Rail Transit system won’t come cheap. The government calculates 7.99 million patacas for the next three years PAGE 5

%Day

CITIC Pacific Ltd

3.25

Hong Kong Exchange

3.08

Wharf Holdings Ltd

1.88

China Overseas Land

1.72

China Resources Lan

1.58

Tingyi Cayman Islan

-0.68

Henderson Land Dev

-0.96

Galaxy Entertainme

-1.20

Kunlun Energy Co Lt

-1.78

Sands China Ltd

-2.04

Source: Bloomberg

I SSN 2226-8294

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