MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 611 Monday August 25, 2014
There’s a week to go. The sole candidate for the Chief Executive’s post is setting up stall for his next five-year term. Chui Sai On says the gaming licences review will look for evidence of non-gaming initiatives. That means promoting the much-touted World Tourism and Leisure Centre agenda. Public consultation will keep the process transparent, he says. He also conceded that development of Nam Van Lakes had got bogged down. All depends on the urban planning committee review
Year III
PAGE 2&3
It’s in the post
Interview
www.macaubusinessdaily.com
‘Wait and see’ game
Companies are getting delayed payments. The economic slowdown is largely blamed. Arrears are becoming a major headache for companies. More so than credit costs and financing difficulties
The vice-president of SHFL Entertainment (Asia) says his team in Macau stays in place. Despite the company soon merging with Bally Technologies. The expanded product portfolio, greater cash flow and speeder response to the market bodes well, Ken Jolly told Business Daily. Future strategy will be a “wait and see” situation, given the pending acquisition of Bally by Scientific Games PAGE 6&7
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5-year record for July visitors
Sovereign fund too risky
Last month, more than 2.75 million people visited Macau for a day or overnight. The highest number recorded for July since 2009. Mainland tourists continue to grow at double the average, official statistics reveal PAGE
The President of the Legislative Assembly has been down this road before. He acknowledges that the IMF’s proposed fund is one route for investment. But counsels caution. Only two sovereign wealth funds are really performing: Norway’s and Singapore’s. The government should prudently consider other options, as times are still unstable
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Korean casino aces Macau investments | PAGE 9
Pro-democrats detained Referendum organisers, including Jason Chao, were apprehended by police on the first day of their civil referendum. “Personal data infringement” has been cited by authorities as the reason. The Internet security company in charge of the referendum website says it intercepted seven “threatening” cyber attacks yesterday morning PAGE
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Brought to you by
HSI - Movers August 22
Name
%Day
Hang Lung Properties
3.25
Ping An Insurance Gr
1.94
China Petroleum & Ch
1.58
Hong Kong & China Ga
1.55
Bank of Communica
1.41
Henderson Land Dev
-0.98
Sino Land Co Ltd
-1.56
CITIC Pacific Ltd
-1.86
Li & Fung Ltd
-4.58
China Resources Ent
-5.59
Source: Bloomberg
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