Macau Business Daily, Oct 30, 2014

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MOP 6.00 Closing editor: Luís Gonçalves

Macau Legend tops up tables

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Publisher: Paulo A. Azevedo

t last, the green light. Hotel-casino operator Macau Legend Development says regulators have approved the addition of gaming tables. However, Secretary of Economy and Finance Francis Tam Pak Yuen noted yesterday that the procedure for granting gaming tables has not been completed yet, but confirmed that 35 of the 45 gaming tables requested by SJM will be allotted to Macau Legend’s Fisherman’s Wharf. Macau Legend is adding three hotels to its waterfront property, currently under reconstruction. It says the overhaul will boost its gaming tables to 500 6

Year III

Number 656 Thursday October 30, 2014

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It’s all relative Lots of headwinds in 2014. But Macau’s casino story is still a huge success. Total gaming receipts amounted to MOP363.7 billion in 2013 alone. That’s 18 percent more than in 2012 and three times more than in 2008

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‘New normal’

More competition round the corner. The Zhuhai International Convention & Exhibition Centre starts its trial operation today. Macau MICE industry representatives say they are up for the challenge. But some convention business will inevitably be diverted. The government takes a more sanguine view

The World Bank agrees. Chinese growth will become Premier Li Keqiang’s ‘new normal’. Restrained numbers for an evolving economic model. Plus an expanding services sector. Nevertheless, the World Bank asks for reforms to sustain growth

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The Zhuhai factor

Three licences for Triple Play services

www.macaubusinessdaily.com

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China’s bubble worsening, says Jim Chanos PAGE 7

ZAPE-Guia pedestrian walkway PAGE 2

From Porto with love Portugal comes calling. The mayor of Porto was recently here on an official visit. He said Porto’s creative, tourism and infrastructure industries presented good investment opportunities. He also invited Chui Sai On to visit Porto next year. Portugal’s second biggest city needs bigger and better promotion to the Chinese market, he says

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Smoking ‘imbroglio’ PAGE 5

HSI - Movers October 29

Name

%Day

Galaxy Entertainment

6.29

Sands China Ltd

5.03

Belle International

3.86

Want Want China Hol

3.58

Ping An Insurance Gr

2.87

China Merchants Hold

+0.21

CITIC Ltd

0.00

Hong Kong & China Ga

-0.22

Kunlun Energy Co Ltd

-0.39

Power Assets Holding

-0.67

Source: Bloomberg

I SSN 2226-8294

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2014-10-30

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