Macau Business Daily, Sept 19, 2014

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MOP 6.00 Closing editor: Luis Gonçålves Publisher: Paulo A. Azevedo Number 629 Friday September 19, 2014 Year III

China addressing travel congestion

B

eijing is rethinking holiday schedules. It has just announced a reform of its tourism policy, clearing the way for paid annual leave. Forced mass holiday leave – and the crowding it generates – may be consigned to history. Academics and investors told Business Daily that the new law should benefit Macau. Smother visitation patterns will lessen congestion during Golden Weeks. Consultation and legislation, though, will not happen overnight

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United States pledges closer collaboration The U.S. is fully committed to Macau. So says U.S. Consul General to Macau Clifford Hart. Uncle Sam wishes to expand two-way trade and investment opportunities between the two economies. The US is the second biggest foreign investor here. The CG believes dialogue will solve the casino protests in Macau

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Hengqin steps into residential market

Chui utilised 85 pct of campaign budget

Property is hot in Hengqin. Real estate agency Jones Lang LaSalle told Business Daily that most of its 20,000 residential units will be completed by 2017. About 14,000 are saleable. The private residential properties will be marketed as mid and high-end homes. Prices are competitive but rising rapidly

Chinese appetite for HK stocks

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HSI - Movers September 18

Name

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%Day

Sands China Ltd

1.41

Smoke and mirrors

Galaxy Entertainmen

1.12

Sun Hung Kai Propert

0.34

Want Want China Ho

0.00

Cathay Pacific Airwa

0.00

China Overseas Land

-1.84

Kunlun Energy Co Ltd

-2.07

Gaming unions remain dissatisfied. They say casino operators are converting mass gaming areas into high limit zones and VIP space, where smoking is allowed. They say they are exploiting a loophole in the new law that will leave them more exposed to health riskd than ever

Sino Land Co Ltd

-2.11

China Resources Pow

-2.71

China Resources Lan

-2.80

Source: Bloomberg

I SSN 2226-8294

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Macau goes flat

Property price spiral New homes in China are cheaper. And cheaper. Since four months ago. Recent economic news from China reinforces the downward spiral of property prices

At least it’s not negative territory. Sterne, Agee & Leach has lowered Macau’s gross gaming revenue outlook for 2014 to 0 percent. VIP revenues will likely drop 20 percent. Mass market will grow less than 10 percent. “Those hoping for good news and stability over the next several months will be disappointed,” warned the brokerage. Long term prospects are brighter, they say

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