MOP 6.00
Jimei to operate at least 7 VIP tables in NegaWorld’s Cambodia casino
Closing editor: Joanne Kuai
China’s securities regulator bets on relaxing margin trading rules to avoid crash
Page 5
Page 10
Petrochemical firms Sinopec and Cnooc bid for Petrobras field Page 11
Year IV
Number 827 Friday July 3, 2015
Publisher: Paulo A. Azevedo
Courts to decide affordable housing compensation Page 3
Feel-Good Factors Surfacing
It’s not over ‘til the fat lady sings. Looser transit restrictions. Summer holidays around the corner. And a smaller-than-expected slump in June casino revenues. It’s all grist for the mill for Macau’s tourism, hospitality and gaming industry. Industry insiders predict improved hotel occupancy rates. While gaming operators and analysts are guardedly optimistic. Casino stocks have surged to a degree not seen in more than three years
Smoke and mirrors
3,000 to 5,000 junket employees’ jobs in danger. A gaming promoters’ association head believes it might come to that yet. If a universal smoking ban is put in place in casinos. Give us smoking lounges for VIP rooms at least, he urges the gov’t. And plans to lobby legislators
Page 5
Economic chess Macroeconomic management to green growth. Premier Li sees a cornucopia of benefits in OECD. Declaring China’s intention to have closer collaboration with the Organization for Economic Cooperation and Development
Pages
6&7
Brought to you by
HSI - Movers July 2
Name
%Day
Galaxy Entertainment
+13.27
Sands China Ltd
+12.07
Belle International Ho
+2.91
Cathay Pacific Airways
+2.73
Swire Pacific Ltd
+2.72
China Life Insurance C
-1.93
China Petroleum & Che
-1.94
China Mengniu Dairy C
-2.59
Ping An Insurance Gro
-2.67
China Shenhua Energy
-2.83
Source: Bloomberg
Page 10
I SSN 2226-8294
www.macaubusinessdaily.com
Society
Casting shadows A two-edged sword. UNESCO World Heritage status attracts visitors. But an urban planning academic warns of the flip side. Claiming rapacious developers are racing against time to demolish old buildings. In case they’re categorised as ‘heritage’
Page 2
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