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Day: July 27, 2015

Leong doesn’t expect July’s casino revenue to top 18 billion patacas

Leong doesn’t expect July’s casino revenue to top 18 billion patacas

Secretary for Economy and Finance Lionel Leong Vai Tac said on Saturday that while the statistics for July’s gross gaming revenue are not available yet, he estimated that the figure will not exceed 18.355 billion patacas ( US$ 2.294 billion), the so-called “red line” set by the government for austerity measures to be put in […]
Macau Exco gives green light to IACM’s reshuffle

Macau Exco gives green light to IACM’s reshuffle

The Executive Council (ExCo) has concluded discussions on the ongoing restructuring and reshuffling of Macau’s Civic and Municipal Affairs Bureau (IACM), and its new functions. Under the reshuffle, some of IACM’s duties and functions will be reassigned to the Cultural Affairs Bureau (IC) and the Sports Development Board (ID). Two hundred IACM employees will then […]