MOP 6.00
Global Aspirations
Closing editor: Joanne Kuai
A stellar year. In 2015, local gaming tycoon Lawrence Ho Yau Lung’s casino resorts went global. City of Dreams Manila opened in February, while Studio City Macau and Tigre de Cristal open next month. A total investment of US$5.17 bln is laying the foundations of an empire
Year IV
Number 873 Friday September 4, 2015
Publisher: Paulo A. Azevedo
Pages 4 & 5
MICE Subsidy Secure
The axe is falling on gov’t budgets. But the MICE industry is secure for now. The Macau Convention Iao Kun rolling chip and Exhibition Association director says the budget allocation is ‘basically fixed’ for this year and turnover dives 72 pct in August the first half of 2016. But Alan Ho Hoi Meng added the gov’t will adopt a more cautious approach Page 6 in selecting beneficiaries. For the first half, financial support from the gov’t and other organisations IGT appoints Ken for exhibition organisers occupied 34.5 per cent of total receipts of MOP78 million Page
3
Bossingham to run slot division
Page 6
Debt recovery surging
China’s gas-demand growth rate below GDP hinders Russian deal
Page 10
A total of 58 junket-related court actions filed this year. Multiple new cases await hearings by the Court of First Instance. A sharp rise in lawsuits has been filed by VIP gaming promoters since the beginning of 2014 as VIP revenues deteriorate
G20 meeting focusing on Chinese and American economies
Page 16
Page 6
Budget out of step President Xi Jinping has announced a cut in PLA troops. On the occasion of the parade celebrating the 70th anniversary of victory against Japanese invasion that signalled an end to WWII
Page 8
HSI - Movers September 3
V-Day Commemoration
Name
A commemorative ceremony of the 70th anniversary of victory of the Chinese people’s war of resistance against Japanese aggression and world anti-Fascist war was held in Macau. Acting Chief Executive Wong Sio Chak appealed to locals to embrace ‘One country, two systems’. And seize the opportunities presented by ‘One belt, one road’
Page 2
www.macaubusinessdaily.com
Aviation
%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
Hat Trick
I SSN 2226-8294
Macau International Airport has hit new records. For single-day flight movements of over 200. Singlemonth flight movements of over 4,900. And single-month passenger traffic volume exceeding 570,000 in August
Page 2
2015-9-4
2015-9-5
2015-9-6
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