MOP 6.00 Closing editor: Sara Farr
S
ands China has given fair warning. Carving for itself the largest slice of Macau’s gambling pie in August. CEO Edward Tracy says 25 percent market
share is a foretaste of things to come. The operator predicts that its Cotai projects will consolidate and expand its number one positioning. Sands China will hire 6,000-plus workers. And add 3,400 more rooms to its portfolio up to 2016 “We have the greatest capacity and content that none of our competitors can compare with”, says Tracy. PAGE
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www.macaubusinessdaily.com
Year III
Number 622 Tuesday September 9, 2014
Publisher: Paulo A. Azevedo
Taking it to the limit
Hollywood comes to town Melco Crown Entertainment is serious. It wants to give Studio City a great start. The company will allegedly pay Robert DeNiro, Leonardo DiCaprio and Brad Pitt US$13 million each to star in a short film promoting the Cotai Strip property. Directed by Martin Scorsese – and the possibility of personal appearances by Hollywood’s A-list actors
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HSI - Movers September 8
Name
Licensed to bill Property management companies are in the cross-hairs. Again. The new set of proposed rules says they have to get a licence. And hire at least one ‘technical officer’ to provide professional guidance. Minimum capital will be dependent upon the number of apartments managed. Infringements will attract fines of up to 500,000 patacas PAGE
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%Day
Lenovo Group Ltd
2.44
Henderson Land Deve
2.10
China Life Insurance
1.70
China Shenhua Energ
1.28
China Mobile Ltd
1.10
Li & Fung Ltd
-1.13
China Merchants Hol
-1.15
Galaxy Entertainmen
-1.15
Tencent Holdings Ltd
-1.71
Power Assets Holdin
-1.76
Source: Bloomberg
PAGE 6
Grim warning
Transformers should up game
‘Gutter oil’ fraud
Financial institutions in Hong Kong have been warned. The Securities and Futures Commission is toughening up. New penalties will replace the previous palliative measures.
Old perceptions die hard. Macau continues to fail to convince visitors it is more than a casino-resort destination. Despite the government investing substantially in the MICE sector. A University of Macau academic says nothing will change without a master plan
The suggestion came from the Taiwanese authorities. Importers may consider requesting compensation from the island’s vendors over “fraudulent” sales of recycled lard oil. The Food and Drug Administration of the island announced in a press briefing yesterday that claims would not be impeded by the government
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