MOP 6.00 Closing editor: Luis Gonçalves Publisher: Paulo A. Azevedo Number 688 Monday December 15, 2014
Caught in the act
S
Year III
moking is an expensive habit. By November, the Health Bureau had fined 7,200 people in Macau for smoking offences. Overall, residents accounted for 61.1 pct of those nabbed. While tourists made up the greatest number of offenders in casinos. The typical violator was a male resident caught in a Tap Seac cybercafé. Video game parlours and parks were also happy hunting grounds for Health Bureau officers. From January 1, the ban extends to bars, dancehalls and sauna parlours PAGE
Cash surplus down 16% Six straight months of declining gaming revenues is taking its toll. On operators and government finances. From January to October, the fiscal surplus decreased 15.7 pct from a year ago. MOP85.5 billion is still a lot. But that’s MOP15 billion less than in 2013
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Major cyber attack shuts down Sands casinos
China Star’s Macau gaming interests dim
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Prada profits down 44pct with Macau and HK
Originally, it was hot to trot. But China Star Entertainment has had second thoughts about its gaming prospects. It will now channel the proceeds of its HK$134 million share issue into film production. As recently as September the company said it would invest ‘in gaming/gaming related business in Macau’. It did not mention its gaming operation in Lan Kwai Fong Hotel
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Macau more globally connected since handover, says Beijing PAGE 2
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Xi arrives next Friday
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It’s now 100 pct confirmed. PROC President Xi Jinping will visit Macau on December 19 and 20. He’s here for the city’s 15th handover anniversary celebrations. Plus the inauguration ceremony of the territory’s new leading officials
HSI - Movers December 12
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Name
Rethinking the numbers
It’s a real conundrum. But a few percentage points make all the difference. The Chinese central bank is recommending new targets for 2015. The evolution of the economy in recent months has prompted a major rethink. From growth to exports, every indicator needs adjusting
3
7 year itch It’s been 7 years. But Asia Adult Expo is transforming itself. From a trade networking event into a consumer show. Some exhibitors are disappointed at the low turnout of professional buyers; while others consider it a great platform to promote their brands to the public.
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%Day
Kunlun Energy Co Ltd
2.74
Sino Land Co Ltd
2.46
Galaxy Entertainment
2.23
Wharf Holdings Ltd/T
2.12
Sands China Ltd
2.12
CITIC Ltd
-1.18
Cathay Pacific Airwa
-1.25
Want Want China Hol
-1.38
Tingyi Cayman Island
-2.40
Belle International
-3.29
Source: Bloomberg
www.macaubusinessdaily.com
INTERVIEW I SSN 2226-8294
Still a lot to do Lots to do yet. And the buck stops at the desk of the incoming Secretary for Transport and Public Works, Raimundo do Rosário. Fred Ma, president of the Macao Association of Environmental Protection Industry, lists the unfinished tasks in an interview with Business Daily. From recycling to natural gas distribution to excessive energy consumption. It’s difficult to say the Environmental Protection Bureau (DSPA) was a very big improvement, he says
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