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Day: May 24, 2012

HK property tycoon to stand trial in Macau

HK property tycoon to stand trial in Macau

Hong Kong property company Chinese Estates Holdings announced Wednesday that its chairman, Joseph Lau Luen-hung, will have to stand trial in Macau for alleged bribery and money laundering. The company made the “price-sensitive” announcement in a statement to The Hong Kong Stock Exchange late Wednesday. According to the statement cited by The Macau Post Daily […]
Visitor arrivals rise just 1.9 pct in April

Visitor arrivals rise just 1.9 pct in April

Macau’s number of visitor arrivals in April increased a mere 1.9 percent year-on-year to 2.38 million, the Statistics and Census Bureau (DSEC) announced Wednesday. Month-to-month, the figure grew just 1.4 percent. Same-day visitor accounted for 62.8 percent of the total number. Visitors’ average length of stay stood at 1.1 days. Mainlanders accounted for 58.4 percent […]