MOP 6.00 Closing editor: Joanne Kuai Publisher: Paulo A. Azevedo Number 728 Thursday February 12, 2015 Year III
Macau Legend unveils Harbourview Hotel Open at last, attended by Macau’s leading luminaries. Macau Legend Development Ltd. has hosted a grand opening ceremony for its new US$180 million hotel. The 4-star Harbourview kicks off the Macau Fisherman’s Wharf redevelopment project. With 5-star establishments Legend Palace Hotel and Legendale Hotel to follow in 2016 and 2017. CEO David Chow has high hopes for possibly 500 gaming tables for the complete project. And believes that diversifying source markets is the way to go. “I don’t believe it is good for Macau to focus too much on the China market”, he said PAGE 3
Buses and taxis get moving
New licences for tender. Secretary for Transport and Public Works, Raimundo Rosario, has announced purely on-call taxi licences. With open bidding to be launched in the first half of this year. He also said ‘contract transform’ negotiations with the bus operators were underway, with one likely to be signed within this year PAGE
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Macau Foundation subsidies total MOP217mln in 4Q2014 PAGE 5
S. Korean airport to lure Chinese with Singapore-style resort PAGE 7
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China State advancing They’re on a roll. China State Construction International Holdings Ltd. has announced big numbers. New contracts awarded in Macau totalled HK$5.4 billion in January alone. The company is building a residential and commercial development project here for Shun Tak Holding’s subsidiary Nova Taipa Urbanization Ltd.
Name
Suncity to inaugurate Wynn operation
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%Day
Cathay Pacific Airwa
1.87
Cheung Kong Holdings
1.28
Galaxy Entertainment
1.06
Lenovo Group Ltd
1.01
Sands China Ltd
0.93
Tingyi Cayman Island
-1.86
Belle International
-2.08
HSBC Holdings PLC
-2.23
China Resources Land
-2.50
Kunlun Energy Co Ltd
-3.56
Source: Bloomberg
www.macaubusinessdaily.com
I SSN 2226-8294
Xi Jinping plans first U.S. state visit The September trip marks Xi’s first to the U.S. as head of state. The world’s two biggest economies seek to boost co-operation. Including on economic fugitives. In addition to smoothing tensions in territorial disputes between China and its neighbours.
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It’s one of the city’s biggest junket operators. Suncity Group is expected to take some of Wynn Macau’s revamped VIP gaming area. Possibly by this weekend, according to Union Gaming Research Macau Ltd. Neptune is already operating its portion of the new VIP space. The analysts said this represents the property bringing back 40 gaming tables. Half of which will be allocated to premium mass, it is anticipated
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