Macau Business Daily, Sept 24, 2014

Page 1

MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 632 Wednesday September 24, 2014

Optimism galore

H

Year III

e’s renowned for his sunny disposition. That’s because he thinks in terms of the long game, says Steve Wynn. Protests? It’s understandable people want a piece of the pie, he says. The American hotel-casino mogul was in Hengqin, addressing university students about the impact of tourism. Fielding questions about tanking gross gaming revenues in Macau, he said three things concern him most. Staffing Wynn Palace and his relationship with the government and his employees PAGE

Chui: General budget won’t be increased

HSI - Movers September 23

www.macaubusinessdaily.com

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Name

Alter City increases Saipan investment Page 6

Law abiding authorities

2.41

Tingyi Cayman Island

1.11

China Unicom Hong K

0.65

China Petroleum & Ch

0.58

Bank of East Asia Lt

0.46

Tencent Holdings Ltd

-1.82

China Mengniu Dairy

-1.86

China Resources Ente

-2.11

Sands China Ltd

-3.03

Galaxy Entertainmen

-3.37

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Lady Luck takes a nap Gaming investors are being counselled to look elsewhere. Namely Singapore. Pundits say this year is a lost cause for casino stocks in Macau. And say revenues in Singapore could grow 4 percent in 2015. Macau could decline until 2016, they say

Pages 4 & 5

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Sino Land Co Ltd

I SSN 2226-8294

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September PMI has put the smile back. The Chinese government gives a sigh of relief. The Purchasing Managers Index still keeps China on the expansion side of the indicator

%Day

Source: Bloomberg

Police say they complied with the law. Five members of the Forefront of Macau Gaming union are official suspects. They are accused of ‘aggravated disobedience’ following a protest last month. The police say they breached official cordons. The union says it’s a big misunderstanding

Positive PMI

3

Record August arrivals No gloom on the visitor arrival front. August welcomed the largest number of tourists Macau has registered in a single month. 3.1 million people. Various mainland visitor indicators rose. And Koreans have discovered the city big time. The Taiwanese aren’t joining in the party yet

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2014-9-24

2014-9-25

2014-9-26

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Macau Business Daily, Sept 24, 2014 by Business Daily - Issuu