Chinese New Year is just around the corner. With a 7-day Golden Week raising expectations of a bumper Gross Gaming Revenue. But it’s the rest of February that worries analysts. Everyone’s braced for a Y-O-Y drop; it’s just a matter of how much. Research equity firm JL Warren Capital says Macau will take a 46 pct hit in the pocket. Largely because VIP gamblers are sidestepping the territory. ‘Mainland VIPs consider Macau too ‘sensitive’ . . . Today, many VIPs are asking agencies to take them to fresher destinations, such as London, Switzerland and Manila,’ says the company
MOP 6.00 Closing editor: Joanne Kuai Year III
Number 727 Wednesday February 11, 2015
Publisher: Paulo A. Azevedo
Hopes pinned on Golden Week
PAGES 3 & 5
HSI - Movers
X Files
February 10
Name
The bank is still recovering. HSBC’s Swiss branch was mired in controversy when confidential tax records were misappropriated. And a global furore followed. Now The International Consortium of Investigative Journalists says records show that 10 of the bank’s customers lived in Macau. Collectively depositing some US$8.8 million up to 2007
PAGE 4
%Day
China Merchants Hold
3.43
Want Want China Hol
1.87
China Resources Powe
1.74
China Mengniu Dairy
1.55
Wharf Holdings Ltd/T
1.51
HSBC Holdings PLC
-1.30
Sands China Ltd
-1.31
Kunlun Energy Co Ltd
-1.38
China Overseas Land
-1.49
China Unicom Hong Ko
-2.02
Source: Bloomberg
I SSN 2226-8294
SK Paradise for Chinese
Big brand believer
Paradise Co. is South Korea’s largest operator of casinos for foreigners. It says it will expand floor space at three of its five foreigner-only casinos. Including doubling the size of gaming areas in its casino on Jeju Island. Chinese gamblers comprise more than two-thirds of its visitors. The decision was made despite China’s crackdown on foreign casinos appealing to its citizens
Restaurants operator Future Bright has announced mixed fortunes. Unaudited operation data for 2014 reveals that the food souvenir business sustained a net loss of some HK$39.4 million. The enterprise would therefore record a ‘considerable decrease’ in profit for last year. But the company remains on track to expand its shop empire. And still believes in the power of advertising
PAGE 7
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PAGE 2
China inflation hits 5-year low China’s annual consumer inflation hit a fiveyear low in January. While factory deflation has worsened. Underscoring deepening weakness in the economy. Pressure is mounting on policymakers to inject more stimulus to underpin growth
PAGE 8 Hong Kong Tourism Board to co-operate with Macau counterparts on multi-destination scheme PAGE 6
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