MOP 6.00 Closing editor: Luis Gonçalves Publisher: Paulo A. Azevedo Number 648 Monday October 20, 2014 Year III
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Leading US Hospital mulls Hengqin
ood news if it happens. Massachusetts General Hospital plans to open its first hospital in China in Hengqin. The teaching affiliate of world-famous Harvard Medical School is exploring the ‘rapidly growing’ Pearl River Delta. It envisages patients from Hong Kong, Macau and Guangzhou. Guangdong Provincial Hospital of Traditional Chinese Medicine is the preferred partner. The complex would be known as MGH Hospital China. A final decision is expected mid-2015 PAGE
Smoke-free Macau Almost there. From Jan 1 next year, Macau will implement a universal ban on smoking in public places not previously legislated for. That means bars, clubs, saunas and massage parlours. There will be no grace period. The government is now promoting this smoking ban policy to the related sector, Health Bureau director Lei Chin Ion told media on Friday
Labour shortage to slow down MGM Cotai
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It’s the ‘L’ word again. MGM China co-chair Pansy Ho says labour remains the priority if MGM Cotai is to open on time. The US$2.6 billion project is slated to open in 2016. She also pledged consensus to resolve strident demands by employees for a better deal. “Employers and employees rely upon each other. I believe this philosophy is understandable to everyone,” she said. Against the backdrop of a 5-month industry slowdown in revenues
HK/Macau bans Taiwan’s edible oil PAGE 4
Macau casinos amass MOP83.1 billion in Q3 PAGE 5
Lai Fung profits drop by 25 pct PAGE 5
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HSI - Movers October 17
Name
%Day
Sands China Ltd
4.58
Galaxy Entertainment
4.39
Tingyi Cayman Island
4.26
CNOOC Ltd
3.83
Cracking the whip
Kunlun Energy Co Ltd
1.76
China Mengniu Dairy
-0.77
China Merchants Hold
-0.84
It’s possibly a tipping point. The plenum of the Communist Party meets this week. Senior members will determine new rules to extend the ‘rule of law’ for business enterprises
AIA Group Ltd
-0.96
Hong Kong & China Ga
-1.01
Cathay Pacific Airwa
-1.30
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Source: Bloomberg
I SSN 2226-8294
Interview www.macaubusinessdaily.com
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Wells Fargo Securities optimistic It’s been a rough year. The gaming industry has been severely buffeted by several headwinds. But a senior analyst predicts ‘business as usual’ when the new casinos come on stream next year. Cameron McKnight of Wells Fargo Securities tells Business Daily that Macau is on course to be a US$100 billion market by 2020. Mass gamblers assume central role in this scenario. While there will be less pickings for VIPs and junkets
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