MOP 6.00
Saved by the Handset
Closing editor: Joanne Kuai
Back in the black. SmarTone’s operations in Macau have reported an operating profit of HK$1 million for the year ended June. With revenue increasing nearly 14 pct. Higher handset profits are the reason. Group-wide, the company’s net profit surged 74.2 per cent to HK$935 million
Year IV
Number 872 Thursday September 3, 2015
Publisher: Paulo A. Azevedo
Page 2
Resolute in Recession
Here for a while. Chief Executive Chui Sai On has no intention of relaxing newly introduced austerity DSSOPT reshuffles, measures. Even if gross gaming revenue exceeds MOP20 billion this month, he said. In addition, urban planning office head position vacant Secretary for Economy and Finance Lionel Leong said a second round of austerity measures is likely Page 2 if further economic ‘adjustment’ is considered necessary Page
5
Big Victory
Page 4
AIIB loans not conditioned to borrowers’ changing policies
Wynn Resorts has something to celebrate. Receiving a vital permit for its US$1.7 bln Boston-area casino. The project, however, remains mired in controversy
Page 8
Chinese oil market reform will lead to new benchmark
Pages 8 & 9
Page 7
Chinese Whispers
Sure Bet
Experts agree. The Chinese central bank can support the national currency until the end of 2015 only. China needs to keep at least US$2.7 trillion in hand to avoid potential shortfalls
Despite losing a packet. The Macau Jockey Club concession is to be renewed for another two years. Macau Horse Racing Co. Ltd. is to pay the gov’t MOP30 million for the privilege
Page 2
Page 16
Gaming www.macaubusinessdaily.com
Fosun Int’l mulling purchase of Novo Banco Ásia’s parent bank
Thumbs Down
HSI - Movers September 2
Name
%Day
Belle International Ho
+1.45
CK Hutchison Holdings
+1.38
Want Want China Hol
+1.28
China Life Insurance C
+0.78
China Overseas Land &
+0.68
CITIC Ltd
-3.73
CNOOC Ltd
-4.12
Galaxy Entertainment
-4.18
Kunlun Energy Co Ltd
-4.28
Bank of Communicatio
-5.66
Source: Bloomberg
I SSN 2226-8294
Unrealistic expectations. Deutsche Bank analysts say that gaming revenue growth predictions for 2016 are way off. Continuing turbulence in the VIP market and junket illiquidity point in only one direction, says the German bank
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2015-9-3
2015-9-4
2015-9-5
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