M
arket leader SJM Holdings has announced its audited results for 2014. Gaming revenues reached HK$79.3 billion, down 8.8 pct on 2013. The decline was more than three times the industry average. Directors nevertheless saw their remuneration climb 18 pct. The company makes 60 pct of its gaming revenue from VIPs, the main driver behind last year’s plunge. SJM expects to reopen its Jai Alai property in late 2015, with a new hotel offering 130 rooms, restaurants and retail outlets
MOP 6.00 Publisher: Paulo A. Azevedo
Closing editor: Joanne Kuai
Precarious lead
Year III
Number 737 Thrusday February 26, 2015
PAGE 5
Esprit de corps Macau was Asia’s best market. And the world’s second best for clothing company Esprit during the second half of 2014. The group’s total sales dropped 13.2 pct. Macau, however, advanced 0.9 pct PAGE
2
Most Chinese stocks decline after holiday; Macau casinos plunge PAGES 4 & 10
Kimpton to register trademark in Macau PAGE 7
HSI - Movers
Brand Oscars
February 25
Name
Status time again. Fortune Magazine has compiled a list of the World’s Most Admired Companies. All the brands listed in the Hotels, Casinos and Resorts industry can be found in Macau. Apple led the overall classification. While Marriot International led in its sector
PAGE
6
%Day
China Resources Land
2.23
Li & Fung Ltd
2.05
China Overseas Land
1.95
China Resources Powe
1.49
Power Assets Holding
1.47
China Merchants Hold
-0.86
China Unicom Hong Ko
-1.84
Want Want China Hol
-2.14
Galaxy Entertainment
-5.13
Sands China Ltd
-5.80
Source: Bloomberg
www.macaubusinessdaily.com
Fragrant Harbour Finances
I SSN 2226-8294
New ideas. Hong Kong’s Financial Secretary John Tsang pledges to explore them. And to strive for diversity. All to help Hong Kong people realise their aspirations. Yes, it’s the Fragrant Harbour’s 2015-16 Budget. The economy expanded 2.3pct last year
PAGE
8
Santé! Macau likes its wine. Last year, it imported MOP1.461 billionworth. Some 2 pct growth Y-O-Y. French wines accounted for 77pct of the market. Meanwhile, second-placed Australia occupies 7pct with sales surging 44pct in a year. Third-placed Portuguese wine decreased 4pct in 2014. Both Old World and New World wines are digging in with gusto
PAGE 3
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