MOP 6.00 Closing editor: Luis Gonçalves
Perfect Storm
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Publisher: Paulo A. Azevedo
t’s the Perfect Storm. Full smoking ban, HK protests, visa restrictions, anti-graft campaigns plus the upcoming fourth plenum in Beijing. Just a few events fomenting ‘Red October’. Analysts say the worst is not over for the casinos. Golden Week gaming revenues crashed 30 percent, despite 17 percent more mainland visitors. While postGolden Week activity ‘is very quiet’ and October revenues are a cause for ‘concern’. The general consensus is a 20 percent hit for an historic low 6
Year III
Number 644 Tuesday October 14, 2014
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Government with a MOP80 bln ‘profit’ in 3Q
‘Shuttlegate’ under investigation Legislator Si Ka Lon is on the warpath. Yesterday, he urged the government to ensure that commuters would not be affected by public bus companies taking on private
services. Doubts emerged after TCM reduced its frequency for public services. They say the reasons were legitimate. Internet chatter says buses were co-opted for gaming
corporation shuttle bus hire. In September, TCM exceeded its contractual obligations for number of journeys by 6 percent
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Macau’s fiscal surplus reached MOP79.29 billion in the first three quarters of the year. That already exceeds the annual target by 25 percent. As at October 1, the territory had amassed more than MOP120 billion in revenues, primarily from gaming taxes. It only needs MOP2.2 billion to reach its 2014 goal
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www.macaubusinessdaily.com
Not quick enough
Page 2
Islands Police Department building budget cut by 80 pct Page 7
Crocodile profits down with property investments Page 2
HSI - Movers October 13
Name
%Day
CLP Holdings Ltd
1.81
Power Assets Holding
1.79
Hengan International
1.75
Hang Seng Bank Ltd
1.50
Bank of East Asia Lt
1.45
Cathay Pacific Airwa
-1.39
Belle International
-1.57
Tingyi Cayman Island
-1.97
Kunlun Energy Co Ltd
-2.81
Lenovo Group Ltd
-3.19
Source: Bloomberg
Agile Property’s chairman has attracted the attention of Kunming City People’s Procurator. The mainland property developer saw its shares plunge a record 17 percent in HK. HK$150 million was wiped out in a single day as investors dumped its shares. Agile stressed that the investigation should not affect long-term operations
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Emperor acquires Bondwell for HK$819 million
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Double surplus China posted a strong rebound in imports and exports in September. The trade surplus in a year-toyear perspective showed a double record of the trade surplus
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