C
himelong Park is right next door. And it could eventually channel millions of visitors to Macau. A report suggests the theme park could be a ‘valuable’ aid in diversifying Macau’s tourism offering beyond gaming. Some 80 percent of Chimelong visitors surveyed intend to visit Macau at least three times next year. Improved infrastructure, promotion and a bigger-capacity Cotai will help drive visitation
MOP 6.00 Publisher: Paulo A. Azevedo
Closing editor: Sara Farr
The Hengqin factor
3
Year III
Number 594 Thursday July 31, 2014
Page
www.macaubusinessdaily.com
Rolling along
Disappointing first half for Hutchison
907 new motorcycles were registered in Macau last month alone. That’s a 57 percent increase compared to a year ago. And 32 percent increase over the month of May. The high cost of car parking space is being blamed Page
Page 5
Arrested gaming kingpin’s diplomatic status cancelled
2
Page 7
Wynn’s winning ways All eyes are on Wynn Palace. Steve Wynn says the casino hotel will open on schedule, in Cotai, in 2016. The US$4 billion project is to have a ‘very positive expectation,’ according to Wynn executives. Meanwhile, the peninsula property has some surprises up its Chinese New Year sleeve Page
4
Class act In Q2 alone, Macau Foundation gifted subsidies worth half a billion patacas. Most went to four single educational institutions. Educational causes were favoured last year, as well
HSI - Movers July 30
Name
%Day
Wharf Holdings Ltd
3.38
Hang Lung Propertie
3.38
Sun Hung Kai Proper
3.21
China Merchants Ho
2.73
MTR Corp Ltd
2.66
Galaxy Entertainme
-1.14
Tencent Holdings Lt
-1.46
China Resources Po
-1.81
Hong Kong Exchang
-2.12
Lenovo Group Ltd
-2.23
Source: Bloomberg
I SSN 2226-8294
Page 5
OCBC rises most since April
Massive migration
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The Chinese Government has unveiled a big plan. It involves moving 100 million people. From the countryside to urban areas by 2020. The removal of the hukou policy will make for greater flexibility Page 8
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