MOP 6.00 Year III
Number 751 Wednesday March 18, 2015
Publisher: Paulo A. Azevedo
Closing editor: Luís Gonçalves
Illegal betting websites exploiting Galaxy brands PAGE 6 | Future Bright profits slump 35 pct PAGE 6
New Kid in Town E
conomic diversification and non-gaming. Hangzhou-based Lander Real Estate Co., Ltd. seeks to invest MOP100 million in the city. By setting up a sports games broadcasting company. The goal is to develop and reform the sports industry. Lander intends to learn the local events ropes, too. By collaborating with cultural and sports enterprises. Thus laying a solid foundation for the company’s sports business development in Mainland China PAGE
4
Aerial dogfight
HSI - Movers March 17
A “satisfactory” profit for 2014 is expected. So said Air Macau chairman Zheng Yan yesterday. Increasing competition from Zhuhai, Guangzhou, Shenzhen and Hong Kong Airport and other modes of travel are making an impact, though. The city’s flag carrier resolves to keep fares “competitive”. Whilst working to expand flights to Southeast and Northeast Asia
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Step by step
Name
%Day
China Merchants Hold
4.27
China Resources Powe
3.06
China Resources Land
2.36
Cathay Pacific Airwa
2.16
China Shenhua Energy
1.56
Tencent Holdings Ltd
-1.33
Henderson Land Devel
-1.76
Wharf Holdings Ltd/T
-1.97
Sino Land Co Ltd
-2.36
Sands China Ltd
-2.92
Source: Bloomberg
It was the hot topic of the week. Now, finally, a time frame. The very first minimum wage bill in the city for cleaning and security workers. It may pass by August. Whilst legislation may be enacted early 2016. The plan is to apply the principle to the whole economy. But three years to wait
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Alternative diplomacy Lots of U.S. pressure. But its allies are mulling signing up for the China-backed Asia Infrastructure Investment Bank. The U.K., France and Germany, among others, have declared their intention to get on board www.macaubusinessdaily.com
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MassMutual Asia to hire 200 in Macau PAGE 4
Certified shops in Hengqin awarded PAGE 5
Profits of doom? Now more the rule than the exception. The prophets of doom. First Deutsche Bank, and yesterday Macquarie. The Aussie bank savagely slashed gaming revenue forecasts for the year. Predicting a swingeing 24 pct drop. Or three times its previous forecast. All eyes now on the new Cotai casinos but Macquarie isn’t holding its breath
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2015-3-18
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