Macau Business Daily, Aug 4th, 2014

Page 1

MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 596 Monday August 4, 2014

Mind the gap T

Year III

here’s a big discrepancy in construction workers’ wages. Labourers from Macau are likely to see 25 percent more than their non-resident co-workers. Both are paid more or less the same for unskilled work. But the gap in the skilled and semi-skilled categories is widening significantly

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And another thing . . . The Forefront of Macau Gaming is staging another protest. This time, casino workers from Galaxy are demanding better pay and career prospects. They say the Labour Affairs Bureau is not listening. So they’re taking to the streets – with a detailed demand list covering wage structure, holidays, staff promotion, shoe options and even an ‘attendance bonus’ Page 2

Upside down

Slot machine maker Scientific Games to buy Bally Page 5

World cup casualty Page 2

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Follow that cab!

HSI - Movers

Macau’s taxi drivers continue to get bad press. The government is considering authorising sting operations to bring errant cabbies to book. Drivers will not be deliberately tempted to commit a crime, according to the Legal Affairs Bureau. But fines will increase fivefold to 5,000 patacas. A public consultation session kicks off this week. Page 3

The Chinese National Bureau of Statistics has released the Purchasing Managers’ Index for July. While factories are gaining momentum, services seem to be affected, just the reverse of the last 12 months

2

Slow summer The VIP segment is falling behind expectations. Analysts predict slow growth over the summer months. Hopes are now pinned on October. But that’s when the mass market smoking ban in casinos kicks in; while China’s crackdown on corruption goes from strength to strength. Single-digit growth for the year is the consensus

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August 1

Name

%Day

China Shenhua Ener

1.30

China Mengniu Dair

1.06

Belle International

0.62

Hengan Internation

0.48

AIA Group Ltd

0.48

Sands China Ltd

-2.08

China Overseas Lan

-2.31

China Resources Ent

-2.33

Galaxy Entertainme

-2.35

Cheung Kong Holdin

-4.71

Source: Bloomberg

I SSN 2226-8294

INTERVIEW

Glass half full

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Wine is in, big time. Wine courses are packed solid; and expertise is growing. French tipples maintain their crown. But other producers are making progress here. David Wong from the Institute of Tourism Studies speaks to Business Daily about the industry. And warns against the pitfalls surrounding the nectar of the gods Pages 6 & 7

2014-8-4

2014-8-5

2014-8-6

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