MOP 6.00 Closing editor: Luís Gonçalves Year III
Number 654 Tuesday October 28, 2014
Publisher: Paulo A. Azevedo
Sky-high minimum bets under scrutiny
W
e read it a lot. Macau revenues are seven times bigger than Las Vegas. But where do we stand in terms of minimum bet? Industry-watcher CLSA says Macau’s entry fee is ‘astronomical’. According to their report, the minimum bet here is HK$2,100 or US$270. That’s ten times more than Las Vegas or Australia. Gambler satisfaction is at risk. ‘Trees do not grow to the sky and going forward it should be very difficult to increase minimum bet further,’ says the report Page
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Global Tourism Forum kicks off
Three-quarters of Macau population employed
GTEF kicked off here today. The first Asia Tourism Trends report will be one of the highlights of this year’s Global Tourism Economy Forum. The trend report was conducted by the United Nations World Tourism Organization (UNWTO) and the Global Tourism Economy Research Centre (GTERC). The theme of this year’s edition is ‘Maritime Silk Road - From Macau We Begin’. Local and international heavyhitters are in attendance
Macau-Phnom Penh flights start
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50 interlopers caught on UM Hengqin campus PAGE 2
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Junk SMS blitz under fire
HSI - Movers October 27
Name
Junk messages. The bane of modern life. The Office for Personal Data is now investigating. Tourists and local residents are complaining about being bombarded as they arrive at the Macau border. Illegal gambling ads head the list
www.macaubusinessdaily.com
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Power Assets Holding
0.96
China Unicom Hong Ko
0.90
China Resources Powe
0.72
Cathay Pacific Airwa
0.57
HSBC Holdings PLC
0.45
Tingyi Cayman Island
-2.43
Sands China Ltd
-2.44
Galaxy Entertainment
-3.09
Sino Land Co Ltd
-4.17
Hong Kong Exchanges
-4.70
Source: Bloomberg
HK-Shanghai sidelined We live in unsettled times. The stalled link-up between the Hong Kong and Shanghai bourses hit financial stocks on both exchanges yesterday. Investors remain in the dark about the scheme’s future. With more questions raised than answered
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Construction boom
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Inflation isn’t just for consumers. The cost of construction projects in Macau has doubled in one year, official statistics reveal. Overall, the cost of private construction projects increased 101.6 percent. To MOP37.9 billion in 2013 compared to the previous year. Hotels and gaming facilities totalled MOP24 billion, jumping more than half
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