MOP 6.00
Sands China: Vickers Reports to remain sealed
Closing editor: Luís Gonçalves
Page 8
Macau Legend to record loss in 1H Page 2
Appeal lodged by Joseph Lau, Steven Lo rejected
Accident kills Mainlander on Venetian Phase V site 5 site Page 2
Year IV
Number 838 Monday July 20, 2015
Publisher: Paulo A. Azevedo
Page 8
Fifty-Fifty
The VIP sector has traditionally dominated. But its share of total gaming revenues dropped in 2Q to the lowest on record since 2005. Revenues from high rollers in this period reached MOP31.5 billion. Down a massive 42.2 pct y-o-y. Dragging VIP share down to just 55.5 pct. The current gaming crisis is levelling the local gaming market to a 50/50 split between VIP and mass Page
3
Gov’t adopts ‘new normal’ The ‘new normal’. Not the exclusive preserve of the gaming sector. A ‘leaner structure and simpler administration’ is the gov’t mantra. Executive spokesperson Leong Heng Teng says the gov’t is proposing to dismiss the secretariat for the city’s advisory Science and Technology Committee. And admits the possibility that more secretariats may be under the gun
A result. The city’s Consumer Council says it has come up trumps. Retrieving MOP1.2 million (US$150,000) for residents whose property deals turned sour in Mainland China. Co-operation with the Mainland consumer authorities was key, it claimed
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Macau banks’ problems are different. They have little exposure to gaming revenue decline. But a lot to China and the property market. The slowdown in the Mainland economy and real estate prices here are worrying signs, says Fitch. The world’s third largest rating agency, however, says there are mitigating circumstances. Their parent companies are robust
Page 2
Interview www.macaubusinessdaily.com
Watching and monitoring. Beijing authorities have released measures tightening the creation of Internet-based financial institutions. Online financing firms have been probed by regulators. Regarding their role in China’s stock market crash
Page 10
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Look before you leap
Stricter online financing
%Day
Belle International Ho
+4.67
Lenovo Group Ltd
+3.46
Li & Fung Ltd
+2.86
Kunlun Energy Co Ltd
+2.82
CK Hutchison Holdings
+2.68
Hong Kong & China Ga
-0.38
Hengan International
-0.39
China Petroleum & Che
-0.65
China Resources Land
-0.65
China Resources Powe
-1.44
Source: Bloomberg
Hengqin Oasis Opportunity. That’s what Wilson Chung, Marketing Director of luxury residential project One Oasis, sees in Hengqin’s rapid rise. This will bring more entertainment and light industry to Macau’s doorstep, he tells Business Daily. Attracting expats and fuelling the property market in the territory. Gaming revenues may drop 30 pct but property prices never will, he avers. One Oasis expects to roll out the pre-sale of its final phase next year
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I SSN 2226-8294
2015-7-20
2015-7-21
2015-7-22
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