MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 734 Monday February 23, 2015 Year III
Turn off the tap S
uccess can be a double-edged sword. Particularly concerning the Mainland’s Individual Visit Scheme. Secretary for Social Affairs and Culture Alexis Tam says the tourist capacity of Macau is a “serious problem”. And plans to meet with Mainland Authorities to review containment options. Restriction is one, he says, with different periods or stages sanctioned. There are no drafted plans at the moment. Some 31.5 million visitor arrivals were recorded last year, with 5pct more anticipated in 2015 PAGE
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Mass CNY migration
MGM: Volatility in Macau likely throughout 2015 PAGE 6
More than 1.5 million border movements. This was the figure recorded in Macau during Chinese New Year as at yesterday. Saturday was the busiest day for Macau authorities with 400,00 people entering or exiting the city. The Border Gate took the brunt of the crossing crowds
China firms replace banks to drive Hong Kong rents PAGE 8 190 illegal gaming ads removed since January PAGE 3
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‘Huge’ infrastructure potential China can contribute to the economic corridor development in the Central Asia Regional Economic Cooperation zone. So says the Asian Development Bank. To be accomplished by sharing its experience in logistics, infrastructure, economic zones, spatial economic agglomeration, urbanization and public-private partnerships
Old districts, new concepts The gov’t is pushing the ‘cultural & creative’ agenda. And Leong Hou Weng, GM of Number 81 Co. Ltd., is answering the call. His enterprise has acquired 20 shops in all in old districts on the Macau Peninsula. “In Macau, the talks about the cultural and creative industries have gone on for years,” he tells Business Daily. “But still we haven’t seen any substantial outcome from them, or projects that attract much visitor traffic.” A dozen new ‘artisan’ stores are currently up and running
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%Day
Kunlun Energy Co Ltd
1.69
Henderson Land Devel
1.29
Hang Lung Properties
0.45
Cheung Kong Holdings
0.13
AIA Group Ltd
0.11
Hang Seng Bank Ltd
0.00
Hutchison Whampoa L
0.00
Hengan International
-0.06
China Shenhua Energy
-0.74
China Resources Land
-0.74
www.macaubusinessdaily.com
Source: Bloomberg
Wait-and-see Down Under Fortunes Macau VIP gaming revenues continue to decline. But others are profiting from the situation. Two of Australia’s biggest casino operators, in particular. Crown Resorts and Echo Entertainment registered record profits in their VIP rooms as gamblers move Down Under
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Ambrose So advises a wait-and-see attitude. The Chairman of the Board of Directors of SJM referred to the arrest of senior management member Alan Ho. “Mr. Alan Ho is responsible for managing Grand Lisboa. Concerning SJM, Mr. Alan Ho was not detained on SJM property. I think it’s better to wait and see what will happen”, said Mr. So
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