MOP 6.00 Closing editor: Luis Gonçalves Number 597 Tuesday August 5, 2014
Publisher: Paulo A. Azevedo
Beijing crackdowns to clean up Macau’s image
I
Year III
nvestors and political experts agree. Beijing’s anti-corruption policy may end up improving Macau’s gaming image. But pundits say that ‘cleaning up’ will come at a high cost for casino operators. High-rollers are already cooling off and playing less. VIP revenues are plunging and junket operators are struggling to survive. But, then, there’s more profit in the mass market . . . Page
www.macaubusinessdaily.com
Sin City lures Packer back
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HSBC profits down 12 percent, costs on the upside PAGE 3
Australian mogul James Packer has a thing for Vegas. Despite previous false starts in Sin City, he says the new venture is the real McCoy. The plan is to diversify Crown’s global earnings. From Australia and England, planned developments in Sri Lanka, stakes in Macau and potential investments in the Philippines and Japan
Mozambique opens consulate in Macau PAGE 5
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Targeting growth
Bonuses for peace
The People’s Bank of China is undertaking a new monetary easing policy. The Chinese government is using loans to lower borrowing costs: a key element of the yearly growth target process
Galaxy says it’s been in the hopper for awhile. The group announced yesterday that it always planned to share the fruits of its success with staff. Shares equivalent to three times one month’s salary and a cash bonus are on offer. Promotions are promised. Dissatisfied Galaxy staff were still deciding if they would march today: if so, some 2,000 to 3,000 are expected to hit the streets
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August 4
Name
%Day
CITIC Pacific Ltd
3.02
CNOOC Ltd
2.32
Tingyi Cayman Islan
2.30
China Shenhua Ener
1.93
Cathay Pacific Airwa
1.91
Sino Land Co Ltd
-0.61
Swire Pacific Ltd
-0.80
HSBC Holdings PLC
-0.85
Sun Hung Kai Proper
-0.87
China Resources Lan
-1.00
Source: Bloomberg
MIA flying high
I SSN 2226-8294
Macau International Airport continues to perform. Travellers using MIA rose by 11 percent in July year-on-year, topping 490,000. With new Air Macau routes and other airlines interested in flying here, MIA aircraft and passenger movement are poised to increase PAGE 5
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