Macau Business Daily, Feb 25, 2015

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MOP 6.00 Closing editor: Sara Farr

V

isitors still flock here for gambling and shopping. But they’re spending less time and money in Macau. Data from the Statistics Bureau reveals that Mainland visitor per capita spend dropped 30 pct in 2014 Q4 Y-O-Y. Despite National Day Golden Week and Christmas. Total visitor spend was down 14 pct for the period. The whole of 2014 posted a slight growth of 3.7 pct Y-O-Y, taking in MOP61.74 billion. PAGE 4

Year III

Number 736 Wednesday February 25, 2015

Publisher: Paulo A. Azevedo

Just in the black

HSI - Movers February 24

Name AIA Group Ltd

2.36

CITIC Ltd

1.79

Sino Land Co Ltd

1.11

China Mobile Ltd

1.05

SARs say enough

Tingyi Cayman Island

0.94

Wharf Holdings Ltd/T

-1.41

Belle International

-1.62

Sands China Ltd

-2.70

Galaxy Entertainment

-2.73

Two SAR’s, one issue. Too many visitors using the Individual Visit Scheme. Last week MSAR’s Secretary for Social Affairs and Culture raised concerns about the growing number of Mainland Chinese tourists visiting the territory. Hong Kong’s Chief Executive echoes these concerns. And meets with Beijing officials regarding IVS, among other matters, next month. Some 49 cities on the Mainland are currently eligible for the scheme

HSBC Holdings PLC

-3.54

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Macau Legend, Dynam partnership talks conclude with no deal announced Page 6 www.macaubusinessdaily.com

%Day

Casinos stocks slump on city’s plan to review Chinese visits Page 6

Mainland Chinese visits to Hong Kong drop amid tensions Page 7

Source: Bloomberg

I SSN 2226-8294

Gaming slowdown Just days ‘til the end of the month. Yet, this could be the worst GGR on record since November 2010. Analysts are forecasting a gaming revenue drop of up to 50 pct for the month of February. Primarily caused, it’s generally agreed, by the slowdown of the Chinese economy

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Dredging it all up A gaming concession licence with special benefits. That’s what legislator Ella Lei Cheng I is asking the gov’t to explain. SJM is allegedly exempt 1pct tax on gross gaming revenues for maritime dredging services. In 2013, this exemption reached MOP900 million. Out of proportion to the market rate, she claims. She requests authorities revisit the agreement when the gaming concession is reviewed

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