MOP 6.00 Year IV
Number 768 Monday April 13, 2015
Publisher: Paulo A. Azevedo
Closing editor: Luís Gonçalves
Second Hengqin-Mainland bridge operational by year-end Page 4
Eyes wide open
1,620 cameras watching 30.2 km2. The scope of the whole surveillance network in Macau when completed. The Unitary Police Service head said the fourth and final phase will add 800 cameras. With locations to be selected by October. In ‘quiet places’ and ‘places with safety hazards’, Ma Io Kun says. Authorities will take about 2.5 years to design and install the surveillance network. Which will be further expanded to add cameras to future reclamation land and the new Delta bridge border PAGE 5
Shun Tak buys Shanghai hotel for MOP900 mln
INTERVIEW
Times a’ changing
Page 4
It’s the rise of poker in a baccarat dominated market. With gaming revenues plunging, Poker King Club senses opportunity. Expecting its new location at The Venetian to increase revenues by 25 pct. Business Director Winfred Yu says big baccarat players are switching to high-stakes poker. Exposure to the mass market, more space and more tables are imperative, he says. As is the unique sense of control skills that poker demands. The Club also has its sights set on Korea, Vietnam and the Philippines
PAGES 6 & 7
Fly away
www.macaubusinessdaily.com
MGM Resorts to gain MOP3.2 bln from CityCenter
HSI - Movers April 10
Name
Page 3
There’s a definite chill in the air. Shenzhen authorities will soon restrict residents to one Hong Kong visit a week. This, according to a Hong Kong member of the National People’s Congress. Almost 50 million Mainlanders visited HK last year. And have been blamed for pushing up shop rents, property prices, and stripping shops of daily necessities. Macau is also talking to Beijing about controlling Chinese visitor numbers
No rally for hotels
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Page 5
V Air is the latest low cost carrier to serve Macau. The unit of Taiwan’s TransAsia Airways began operating its new Taipei-Macau route last Friday. Making it the fifth company to fly the route here. V Air GM Eleni Lung says the airline hopes to co-operate with Macau’s gaming operators. And launch new products targeting the Macau market
Closing the door
Bauhaus enjoys 11 per cent sales growth in 2014
Page 9
Collateral damage
Up, up and away. Chinese stock markets are rocketing. But the punters are sidestepping the hotel portfolios. The over-expanded accommodation sector is flat or worse, while e-travel firms shine
It’s China’s anti-graft campaign. So says a Hong Kongbased jeweller pulling out of a local trade show next month. The company believes the sharp fall in VIPs will seriously affect attendance. The ‘European, Asian Watch, Jewellery and Antique Coins Show’ has invited 30 Hong Kong vendors to the event. But refunds will be necessary plus some serious rescheduling
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Macau casino bonds slump as Xi preaches to Wynn on diversification Page 8
%Day
Ping An Insurance Gr
6.10
Belle International
4.55
Hong Kong Exchanges
3.92
Hang Lung Properties
3.21
Power Assets Holding
2.90
China Merchants Hold
-0.74
China Resources Land
-1.00
China Unicom Hong Ko
-2.01
Want Want China Hol
-2.18
China Mengniu Dairy
-4.09
Source: Bloomberg
I SSN 2226-8294
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