China Bans Investment in Gaming
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IPM STEPS INTO LUSOPHONE ASSOCIATIONS VIOLATING SPAIN PLATFORM ROLE PRE-CAMPAIGN BLACKOUT SEARCHES Around 100 students from The anti-graft watchdog is probing Portuguese-speaking countries associations on suspicion they FOR IMAM will join the Macao Polytechnic illegally promoted candidates AFTER DEADLY Institute in the new school year during the pre-campaign period ATTACK P4 P7 P14 MON.21 Aug 2017 T. 28º/ 34º C H. 60/ 90% facebook.com/mdtimes + 11,000 MOP 7.50 2870 N.º HKD 9.50 FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo “ THE TIMES THEY ARE A-CHANGIN’ ” WORLD BRIEFS LARGEST RALLY SINCE 2014 AP PHOTO Protesters SYRIA President Bashar Assad yesterday refused any security cooperation with Western nations or the reopening of their occupy embassies, until they cut ties with opposition and insurgent groups. Assad’s defiant comments come P11 at a time when his Central troops and pro-Iranian militiamen are gaining ground across the country under the cover of Russian airstrikes. Many countries have ceased calling for him to step down. VIETNAM Six people have been killed when a Vietnam War-era mortar shell they were sawing for scrap metal exploded. State-run Tuoi Tre newspaper says the victims died on the spot following the explosion in south- central province of Khanh Hoa. More on backpage With articles republished from Trump reels It’s official: China bans from an executive investment in gaming P2 MACAU exodus 21.08.2017 mon 2 MACAU 澳聞 WWW.MACAUDAILYTIMES.COM.MO mestic situations, and Chinese enterprises face not just relati- China says no more ‘irrational’ vely good opportunities but also various risks and challenges in overseas investments,” the State Council noted. investment in gaming In a separate statement, the National Development and Re- form Commission, the top eco- HINA formally laid down abroad,” Andrew Polk, co-fou- nomic planning body, criticized Cnew rules on overseas in- nder of research firm Trivium “irrational” overseas investment vestments, making explicit its China, told Bloomberg. “We di- in some sectors, while encoura- BLOOMBERG de facto campaign against “ir- dn’t have a clear accounting of ging projects linked to the Belt rational” acquisitions of assets this before, but we could piece and Road initiative. in industries ranging from real it all together from what was estate and hotels, to gaming and said by various elements of the entertainment. government. Now it’s de jure The real The new rules coincide with a policy while previously it was de estate, record-breaking USD816 billion facto policy.” in capital outflows leaving the “China wants its money to fo- hotel and world’s second largest economy cus on specific sectors that can last year, much of it transferred help boost long-term growth po- entertainment through Macau’s casinos. tential,” said Zhou Hao, a senior The local gambling industry emerging-markets strategist at industries are is considered to be a primary Commerzbank AG in Singapo- also covered route used by high net-worth re. “The new policy also tries to private citizens and corrupt go- close the loophole of suspicious by the new vernment officials seeking to cir- capital outflows and possible cumvent China’s strict currency money laundering.” restrictions controls. In a statement, China’s State The real estate, hotel and en- Council said that the new res- There have been problems tertainment industries - now are keen to promote investment Some of the country’s most ag- trictions seek to mitigate several with overseas investments, covered by the new restrictions supporting the nation’s ambi- gressive dealmakers - Anbang “risks and challenges” of over- the NDRC said, adding that – are also popular sectors for tious Belt and Road Initiative, Insurance Group Co., Fosun In- seas investment. some companies had made Chinese investment, used as a backed by President Xi Jinping. ternational Ltd., Dalian Wanda “Profound changes are taking rash decisions and sustained conduit for bringing capital out Although subject to less strin- Group Co. and HNA Group Co. place in international and do- losses. DB/Bloomberg of the mainland. gent regulations, investment in - have already been the target In broadly regulating such “ir- property, hotel, film, entertain- of government pressure to scale rational” acquisitions of assets, ment and sports will be restric- back their foreign activities. BANNED RESTRICTED OR ENCOURAGED Chinese authorities have set out ted to varying degrees. China’s outbound investment , ? three categories: banned, res- China has embarked on a drive slumped 44.3 percent in the BANNED: Core military technology, gambling, sex industry, invest- tricted and encouraged. to reduce leverage in financial first seven months from a year ments contrary to national security. The banned category includes markets and snuff out systemic earlier as policy makers impo- investment into the gambling risks ahead of a Communist sed brakes on companies’ fo- RESTRICTED: Property, hotels, film, entertainment, sports, obsolete and sex industries, as well as Party leadership transition later reign acquisition following the equipment, investments that contravene environmental standards. core military technology or any- this year, while remaining vigi- record spending spree in 2016. ENCOURAGED: Investments that further Belt and Road framework, en- thing contrary to the mainland’s lant for accelerated capital ou- “This is the state saying we hance China’s technical standards, research and development, oil and mining national security. tflows that threaten to weaken want better say over where exploration, agriculture and fishing. Meanwhile, Beijing authorities the nation’s currency. China’s resources are going MGM CEO blasts ‘hate mongers’, white supremacists GM Resorts Inter- this week. is scheduled to open its se- not replace us.” Mnational denounced MGM Resorts is the lar- cond resort in the MSAR, Murren, Adelson and gest casino operator on “hate mongers and white MGM Cotai, by the end of Wynn each control a stake BLOOMBERG supremacists” in a letter the Las Vegas Strip and this year. in one of Macau’s six ga- to employees Friday, offe- employs about 77,000 Murren, a lifelong Repu- ming concessionaires. The ring to match their dona- people worldwide. blican, broke with his par- three casino tycoons have tions to civil rights groups It’s subsidiary, MGM ty last year and endorsed differing opinions on the including the National As- Macau, runs a casino on Hillary Clinton for presi- still-new U.S. president, sociation for the Advance- the Macau peninsula and dent. who was himself a for- ment of Colored People. Fellow casino executives, mer casino executive af- “You have my commit- including Wynn Resor- ter a failed experiment in ment that we will vigorou- Murren, ts Ltd. CEO Steve Wynn, Atlantic City. sly and zealously continue Adelson and who is finance chairman Murren’s announcement to reject hate speech and of the Republican Natio- comes after a tumultuous hate-based actions in any Wynn have nal Committee, and Las week in which Trump bla- Jim Murren form,” Chief Executive Vegas Sands Corp. CEO med protesters on “both Officer Jim Murren wro- differing Sheldon Adelson, one of sides” at a white supre- visory boards and Trump including the Southern te, telling workers he felt the largest Republican macy rally in Virginia of to disband them. Poverty Law Center, the compelled to speak after opinions on donors, have been silent stirring up trouble. His In the letter to em- Council on American-Is- the violence in Charlottes- the still-new about the events in Char- comments prompted a ployees, Murren listed lamic Relations and the ville, Virginia, and the ter- lottesville in which pro- number CEOs to resign seven groups worthy of Anti-Defamation League. rorist attack in Barcelona US president testers shouted “Jews will from two presidential ad- employee contributions, MDT/Bloomberg www.macaudailytimes.com.mo DIRECTOR AND EDITOR-IN-CHIEF_Paulo Coutinho [email protected] A MACAU TIMES PUBLICATIONS LTD PUBLICATION MANAGING EDITOR_Paulo Barbosa [email protected] CONTRIBUTING EDITORS_Eric Sautedé, Leanda Lee, Severo Portela ADMINISTRATOR AND CHIEF EXECUTIVE OFFICER + 4 Million page views Kowie Geldenhuys [email protected] NEWSROOM AND CONTRIBUTORS_Albano Martins, Annabel Jackson, Daniel Beitler, Emilie Tran, Grace Yu, SECRETARY Juliana Cheang [email protected] PER MONTH Ivo Carneiro de Sousa, Jacky I.F. 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Ruan Du Toit Bester | NEWS AGENCIES_ Associated Press, Bloomberg, Financial Times, MacauHub, MacauNews, For subscription and general issues: [email protected] | Printed at Welfare Printing Ltd +11,000 like us on facebook.com/mdtimes Xinhua | SECRETARY_Yang Dongxiao [email protected] SEND NEWSWORTHY INFORMATION AND PRESS RELEASES TO: [email protected] WEBSITE: WWW.MACAUDAILYTIMES.COM.MO mon 21.08.2017 th Anniversary MACAU’S LEADING NEWSPAPER 澳聞 MACAU 3 Daniel Beitler INFRASTRUCTURE EIJING has rejected the proposal for a new bridge connecting Ma- cau and Taipa, citing Beijing rejects fourth bridge, Bsafety concerns, the Macau In- frastructure Development Office (GIT) informed on Friday. sinking Macau investment Authorities in the Chinese capi- tal are demanding further studies on route safety before approval design of the fourth bridge to a ter TDM, GIT representative can be granted, calling into ques- mainland-based state-owned en- Chao Vai Man said that it was tion the substantial financial in- terprise, CCCC Highway Consul- “all about the safety of the route vestment that has already gone tants Co. The MOP75.19 million as the proposed location of the into the project.