MOP 6.00
City’s average home price down 8 pct in H1, 2015
Closing editor: Luís Gonçalves
Page 4
Alexis Tam denies U-turn on banning smoking in casinos
Page 5
‘Blue card’ for non-resident domestic workers automatically renewed
OCBC quarterly profit beats estimates Page 4
Year IV
Number 848 Monday August 3, 2015
Publisher: Paulo A. Azevedo
Page 3
Studio City to start with 150 gaming tables
It’s the number most bandied about. And Deutsche Bank subscribes to it, too. That is, 150 gaming tables for Studio City. The bank also figures Melco Crown’s Hollywood-themed property will open in October. Co-Founder and CEO of Melco Crown, Lawrence Ho, recently said he expected more gaming tables than Galaxy, which received 150 tables. Deutsche Bank, however, says that’s enough to manage the property smoothly Page
3
Thin end of the wedge Local junket AG Group is shutting down its VIP room in Wynn Casino. And Entretenimento Sai Tai Wu Limitada is also suspending its business. According to internal notices to employees published by local gaming union Forefront of Macau. Union director Ieong Man Teng predicts more of the same
HSI - Movers July 31
Name
%Day
Galaxy Entertainment
+5.62
Sands China Ltd
+4.26
Power Assets Holding
+3.11
China Unicom Hong Ko
+2.43
CK Hutchison Holdings
+2.40
Belle International Ho
-1.59
China Mengniu Dairy C
-1.82
Cathay Pacific Airways
-1.93
Li & Fung Ltd
-2.60
Lenovo Group Ltd
-2.66
Source: Bloomberg
I SSN 2226-8294
Page 5
On a knife edge We’ve been here before. China’s manufacturing activity has retreated slightly. Barely avoiding contraction. The manufacturing purchasing managers’ index (PMI), a key measure of factory activity in China, posted 50.0 in July, down from 50.2 in June.
Page 8
Justice Served
It’s taken several twists and turns. But legislators have completed the final reading of a pivotal draft. For the Labour Creditor’s Rights Guarantee system, expected to pass into law on January 1. There’s an initial MOP160 million fund. And employers will have to put aside another five pct a year from the non-resident workers hiring fee to finance the fund
Page 2
www.macaubusinessdaily.com
Interview
Mind Games The casino crisis is psychologically affecting investors. So say the top management of Jones Lang LaSalle Macau. With a knock-on effect on local property. Four senior executives talk to Business Daily about the correlations between the gaming slump and real estate. Plus the possible peaking of Hengqin’s heady rush to fame
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2015-8-5
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