MOP 6.00 Closing editor: Luís Gonçalves
One City, two realities
Year III
Number 703 Thursday January 8, 2015
Publisher: Paulo A. Azevedo
After Shanghai, Shenzhen also wants a link with HK stock exchange | PAGE 8
I
t feeds 80 pct of the economy. And over 90 pct of all government taxes. But according to a recent study by Shih Chien University in Taiwan, about a third of Macau residents have never gambled in a casino here. Over a quarter of respondents see the industry in a negative light. For most people in Macau, though, gambling is “no big deal”. Locals believe that booming casinos mean high inflation. But stress the industry has put the city on the map PAGE 4
We are sailing Soon to be a reality. ‘Free travel’ yachting between Macau and Zhongshan City in Guangdong will be a reality by mid-2015. Both administrations plan the first mainland Chinese marina in the latter’s Shenwan Town. The scheme enables yachts from Macau to berth at the marina in Zhongshan. And facilitates simpler customs clearance procedures for yacht owners and crew members
Jacobs wins first round against Adelson PAGE 7
All in Pay sign agreement with econtext Asia PAGE 2
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Parisian shopping area almost fully booked PAGE 6
HSI - Movers January 7
Name
Under the hammer
Galaxy Entertainment
4.52
Cathay Pacific Airwa
3.79
Gaming growth stalling
Tencent Holdings Ltd
3.67
China Mobile Ltd
3.38
Lenovo Group Ltd
3.37
HSBC Holdings PLC
-1.05
Another month, another drop. Gaming take plunges relentlessly continue. Yesterday, Wells Fargo predicted a drop in January casino revenues ranging from 16 to 19 pct. It’s the usual suspects: anti-graft campaign, visa restrictions and a softer Chinese economy
Hengan International
-1.34
China Resources Ente
-1.48
Li & Fung Ltd
-1.52
Bank of Communicatio
-2.13
www.macaubusinessdaily.com
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Transparency the new norm? In a meeting with Secretary for Administration and Justice Sonia Chan Hoi Fan, media representatives asked for more transparency. And a better communication system with the gov’t. Local journalists also requested the more timely release of official information PAGE
Source: Bloomberg
6
More transparency, please It’s auction time. Two plots of land in Hengqin New Area are reserved for Macau bidders only. Starting price for the two lots is 294 million yuan (MOP378 million). The areas are planned for commercial and office use with a lease of 40 years
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