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Day: August 13, 2015

Yuan devalution could negatively impact mass gaming market in Macau

Yuan devalution could negatively impact mass gaming market in Macau

Macau’s mass gaming market could be negatively impacted by China’s devaluation of the yuan, according to Union Gaming Research analyst Grant Govertsen. “Based on the current two-percent decline in value of the renminbi, we would expect the mass market story to be negatively impacted by up to two percent over the coming weeks or months,” […]
Chief Executive of Macau stays ‘cautiously optimistic’ about gaming industry

Chief Executive of Macau stays ‘cautiously optimistic’ about gaming industry

Chief Executive said on Wednesday that he remained “cautiously optimistic” about the future of Macau’s gaming industry. A Q&A plenary session was held in the legislative hemicycle on Wednesday, where the Chief Executive answered questions from 32 lawmakers about various issues affecting the city, ranging from labour laws and regulations, the city’s waste management, to […]
Chief Executive of Macau: info on land swaps to go online

Chief Executive of Macau: info on land swaps to go online

Chief Executive Fernando Chui Sai On said on Wednesday that information about the government’s land swaps would be uploaded onto an official website Chui made the pledge during a Q&A plenary session in the Legislative Assembly (AL). “I have had a discussion with Secretary for Transport and Public Works Raimundo do Rosário. We can release […]