MOP 6.00
Helping Hand
Closing editor: Joanne Kuai
More policies from Beijing. Designed specifically to support Macau’s economic adjustment. Li Gang, director of the Chinese govt’s local liaison office, says initiatives will be revealed soon. Casino stocks spiked on the news
Year IV
Number 891 Monday October 5, 2015
Publisher: Paulo A. Azevedo
Page 5
Gaming Revenue at 5-year Low
Gross gaming revenues in Macau fell by a third. To MOP17.13 billion (US$2.15b) in September, the Government to 16th consecutive month of y-o-y decline. Local gaming operator SJM Holdings tops market share temporarily renew Canidrome concession at 21.7 pct. With Sands China and Galaxy Entertainment Group neck and neck. Analysts expect Page3 gaming revenues for October to decline about 27 pct y-o-y Page
4
Chinese Tobin
MGM’s solution to trouble in Macau: Treat masses like VIPs
Page 6
Analysts explore new indicators for more accurate vision of China’s economy
The yuan is opening to market forces. While Beijing seeks to limit speculation. Yi Gang says a ‘Tobin tax’ is under consideration. With a non-interest bearing reserve requirement and foreign exchange trading fees
Page 10
Oil market will be impacted by new Chinese contract on futures
Page 11
Page 10
Rainbow Worrier Flights were cancelled or delayed. Ferries between Macau and Shenzhen suspended. And events plunged into disarray, courtesy of Typhoon Mujigae (Typhoon Rainbow). Dozens of incidents were reported. But no injuries as at the end of the weekend
Page 2
www.macaubusinessdaily.com
Theatre of life Local art and culture. Not yet an industry says Macau actor Vong Tin Ian. The Hong Kong-based thespian tells Business Daily that the prevailing mindset has to change. And that gov’t support is essential for local theatre groups to grow. They have to provide more than entertainment, he says. Nurturing the emotions, with co-operation between art and education a starting point
HSI - Movers October 2
Name
%Day
Galaxy Entertainment
+10.15
China Resources Land
+8.70
China Overseas Land &
+6.84
China Mengniu Dairy C
+6.62
AIA Group Ltd
+6.24
CLP Holdings Ltd
+0.23
Link REIT
+0.12
Power Assets Holding
-0.14
Sun Hung Kai Propertie
-0.40
Li & Fung Ltd
-1.52
Source: Bloomberg
I SSN 2226-8294
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2015-10-6
2015-10-7
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