MOP 6.00 Closing editor: Luis Gonçalves Publisher: Paulo A. Azevedo Number 684 Tuesday December 9, 2014 Year III
Change in the air
T
hey accept the inevitable. The gaming operators acknowledge the new reality. With the MSAR’s 15th anniversary less than a fortnight away, 4 CEO’s affirm their continued confidence in Macau. Melco Crown, MGM, Galaxy and SJM leaders believe that the new Cotai can provide the catalyst for the diversification government and society seek PAGE
2
JL Warren predicts gaming revenues to fall 11 pct in 2015
Levers of power
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Ho Iat Seng is effusive. The president of the Legislative Assembly (AL) says Macau has enjoyed expanded legislative power since its return to China in 1999. ‘Unimaginable’, apparently, under Portugal’s administration. AL’s promulgation of 208 laws as at November has been made possible by the ‘One country, two systems’ and the Basic Law, he maintains
December crucial for retail, says Shun Tak director PAGE 4
Lau Si Lo: Transition has begun PAGE 3
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‘Canteen for wealthy’ Imports shrinking arrives in May
HSI - Movers December 8
China’s imports contracted last month. Resulting in a widening trade surplus. Exports grew but at a slower pace. Reflecting the economy’s moderating momentum. Experts forecast new stimuli ahead
Fook Lam Moon. It’s renowned far and wide. The high-end Cantonese restaurant will open in Galaxy Macau Phase II in May. At the personal invitation of GEG boss Lui Che Woo. Local high-spending power was the clincher. The chain is already established in major cities on the mainland and in Japan – and is seeking to expand further
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Name
%Day
Bank of China Ltd
4.60
Ping An Insurance Gr
4.32
China Construction B
3.89
Industrial & Commerc
3.65
Hong Kong Exchanges
3.31
Belle International
-2.17
CNOOC Ltd
-2.41
www.macaubusinessdaily.com
Galaxy Entertainment -2.60
Those were the days Last year treated these industries well. Retail and wholesale registered 24 per cent and 13 per cent y-o-y growth in receipts, respectively. Amassing more than MOP100 billion. Visitor spending and domestic demand drove sales. In 2013, some 13,272 establishments operated in the sector
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Tingyi Cayman Island
-2.67
Sands China Ltd
-3.04
Source: Bloomberg
I SSN 2226-8294
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