Closing editor: Luís Gonçalves
MOP 6.00
Avoiding austerity The warning signs are there. So says Co-Chairman and CEO of Melco Crown. Lawrence Ho says gaming revenues are very close to the austerity redline, as defined by the gov’t. On a more positive note, he believes the market has bottomed. Regardless, Studio City is on schedule, with the opening date to be revealed soon
Year IV
Number 842 Friday July 24, 2015
Publisher: Paulo A. Azevedo
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‘Adjustment’Biting Deeper Fewer gamblers. Fewer high-end retail customers. And fewer tourists. The new normal is pulling the statistics down to record lows. June posted its lowest tourist figures since September 2012. With last month’s 2.25 million visitor arrivals representing a plunge of 11.8 pct on May and 7.6 pct y-o-y. Driven primarily by the continuous drop in Mainland Chinese tourists. It was a mixed bag for visitors from other parts of the world, near and far Page
3
Manulife net income grows 62.7 pct in 2014 Page 5 Chan Meng Kam’s association submits petition to CCAC Page 4 Government to bolster co-operation with Cape Verde Page 5
Private Property Registrations are down but still healthy. The Economic Services Bureau (DSE) received 3,459 applications for different types of industrial property registration during 2Q. Down 8.6 pct y-o-y. 95 pct registered trademarks in the city
Human Resources Office restructured for better grasp of employment situation Page 8
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Stimulating recovery Analysts are united on the point. A poll released yesterday is conclusive. It is expected the Chinese central bank and other authorities will undertake more measures to stimulate the economy
www.macaubusinessdaily.com
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HSI - Movers July 23
Bite worse than its bark?
Name
%Day
Sands China Ltd
+7.93
Galaxy Entertainment
+4.50
AIA Group Ltd
+2.18
Tingyi Cayman Islands
+1.96
Lenovo Group Ltd
+1.88
Hengan International
-0.67
China Merchants Hold
-0.67
Li & Fung Ltd
-0.81
China Unicom Hong Ko
-1.05
Gaming
Cheung Kong Property
-1.14
Of Mass, MICE and Men
Source: Bloomberg
The Society for Animal Protection in Macau. It will deliver a petition today bearing around 300,000 signatures. Demanding the gov’t close down the Canidrome. This and the future of its greyhounds were the topic of discussion at an ANIMA roundtable. Some 14 different organisations participated
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You can’t knock success. Better still, it presents the opportunity to knock the competition. Sands China has announced a better than expected profit for 2Q. Which CEO Sheldon Adelson sees as vindication of the company’s massand-MICE strategy, and the platform for a bit of bear baiting. The competition is inexperienced. And it’s making mistakes. And it won’t catch up to Sands China. Because the train has already left the station. Galaxy, in particular, was singled out
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