Macau Business Daily October 16, 2015

Page 1

MOP 6.00

Stoic Sentiments

Closing editor: Joanne Kuai

The German Consul was adamant. The worldwide VW scandal will not impact German companies in the SARs. As the vehicles in question are not sold here. On the contrary, Nikolaus Graf Lambsdorff said the MGM Oktoberfest would boost German business and culture

Year IV

Number 900 Friday October 16, 2015

Publisher: Paulo A. Azevedo

Page 6

Galaxy Posts Buoyant Results

Galaxy reported income of HK$2.1b (US$271m) in Q3. Revenue plunged 29 pct y-o-y but sales rose 5 pct Foreign exchange from the June quarter to HK$12.3b in the 3-month period. The operator’s non-gaming revenue almost reserves MOP145 billion in September doubled to HK$742m in Q3 y-o-y. Including a quadrupling of rental revenue for its Promenade shopping Page 3 mall. Meanwhile, occupancy at Galaxy’s five hotels reached 99 pct, it said Page 7

Helping Hand

Page 4

Macau Gov’t has granted MOP80mworth of loans. To support the city’s young entrepreneurs and SMEs. This via 3 schemes during Q3. Down nearly 5.2 pct compared to MOP84.46m extended in Q2. DSE received 104 applications for the Young Entrepreneurs Aid Scheme in the quarter, of which 75 were approved

Watch retailer Stelux expects to slip into red

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Sheraton appeals Court of Second Instance decision

Page 7

Page 3

Flexibility the new normal The hot potato. Gaming table applications filed by Melco and Galaxy remain under evaluation. Credit Suisse speculates that Melco Crown may get 250 gaming tables, while Galaxy may be given 100 more. ‘In line with the government’s supportive stance for the industry, in our view,’ say the investment bank’s analysts

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HSI - Movers October 15

Public parking impasse Today AL starts its new legislative year. The universal smoking ban in casinos, 2016 fiscal budget, new Land Law amendments, and other important issues await resolution. But first out of the traps, legislators are set to discuss the fate of the monthly public parking rental system

Page 2

Retail

www.macaubusinessdaily.com

Luk Fook same store sales growth down 6 pct in Q2

Fashion Fallout A sharp sales slowdown in the SARs. And especially Mainland China. Leading Britain’s Burberry to miss growth forecasts and add to the growing chorus. That of an increasingly challenging environment for luxury goods sales. Burberry shares languish at an almost three-year low

Page 5

Name

%Day

Galaxy Entertainment

+11.28

Sands China Ltd

+10.25

China Merchants Holdi

+7.23

China Shenhua Energy

+4.93

Hong Kong Exchanges

+4.42

BOC Hong Kong Holdin

+0.39

Tingyi Cayman Islands

0.00

Want Want China Hold

-0.78

China Unicom Hong Ko

-2.77

Li & Fung Ltd

-4.29

Source: Bloomberg

I SSN 2226-8294

2015-10-16

2015-10-17

2015-10-18

22˚ 30˚

21˚ 29˚

21˚ 29˚


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