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In this issue

60 YEARS ON THE LINE - Good business in Europe. But Stanley Ho's casinos in Portugal are a far cry from SJM's lucrative operations in Macau. With no concession extension on the cards for Estoril, the 2020 tender could mean a busted flush | SMOKE AND MIRRORS - In 2014, the government enacted the first urban planning law. Solemnly pledging an urban master plan. Five years later planning remains a mirage. With many now looking to the new administration for action | SECURITIES MARKET. MAYBE - Beijing has bestowed a certain political status upon Macau in the international arena. And is prepared to allow more. But establishing a securities market in yuan here is by no means plain sailing | [REPORT] An overview of Macau's start-up ecosystem | [SPECIAL REPORT] Hengqin, our precious neighbour

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