Macau Business Daily, Nov 20, 2014

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MOP 6.00 Year YearIIIIII Number Number638 671Monday ThursdayOctober November 6, 2014 20, 2014 Publisher: Publisher: Paulo Paulo A. Azevedo A. Azevedo Closing Closing editor:editor: Luis Gonçalves Sara Farr

Off the mark

A

miscalculation of large proportions. This week, Secretary for Economy and Finance Francis Tam said MOP115 billion is the target for direct gaming tax in 2015. He also said it was in line with this year’s figures. But Business Daily begs to differ. Calculations using official data suggests this year’s figures could reach MOP130 billion. Through direct gaming tax alone by the end of December. That equates to a 10 percent shortfall next year Page 3

Midland Realty: Property prices to drop 5pct in 2015 Page 5

Revel will take new name under Brookfield ownership Page 7

Philly sports fans to get new casino in shadow of stadiums Page 7

HSI - Movers November 19

Name

Visitors spend more in Q3 Visitor spending is up. It increased 5 percent in the three months ended September 30, for some MOP15.5 billion. Mainland Chinese visitors remain the biggest spenders. Per capita expenditure is MOP2,220, despite a 4 percent year-on-year drop

%Day

China Unicom Hong Ko

1.08

China Merchants Hold

0.78

AIA Group Ltd

0.69

Wharf Holdings Ltd/T

0.18

CLP Holdings Ltd

0.15

China Shenhua Energy

-1.94

Belle International

-2.24

Kunlun Energy Co Ltd

-2.87

China Resources Ente

-3.18

Hong Kong Exchanges

-3.39

Source: Bloomberg

I SSN 2226-8294

www.macaubusinessdaily.com

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4G licence bids submitted New strategy, new power Six bids have been submitted for four 4G licences. Four have been accepted unreservedly. But paperwork is paperwork. Two companies have until the end of the day to provide further details. Or be out of the running. The winners will be announced in Q1

China has announced its energy strategy. The plan calls for annual coal consumption to be constrained. Below 4.2 billion tonnes until 2020. That’s 16.3 percent more than the 3.6 billion tonnes burned last year alone

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Macau Business Daily, Nov 20, 2014 by Business Daily - Issuu