Macau’s casino malaise deepened in August, with gaming revenue falling a 15th straight month as the recent opening of new gambling resorts failed to rouse a return of mainland Chinese visitors over the popular school holiday season. Gross gaming revenue fell 35.5 percent to 18.6 billion patacas (USD2.3 billion), widening from July’s 34.5 percent drop, […]
Day: September 2, 2015
Responding to Tuesday’s 15th straight monthly plunge in casino revenue, the government announced – as widely expected – austerity measures to control public expenditure. The move came after the city’s gross gaming revenue in the first eight months of this year fell below the government’s previously announced “red line” of a monthly average of 20 […]
Responding to Tuesday’s 15th straight monthly plunge in casino revenue, the government announced – as widely expected – austerity measures to control public expenditure. The move came after the city’s gross gaming revenue in the first eight months of this year fell below the government’s previously announced “red line” of a monthly average of 20 […]
Fernando Chui Sai On acknowledged on Tuesday that the government is facing the dilemma of promoting the city’s development and protecting its heritage sites at the same time, but pledged that if “most residents” agreed to protect any building or sites which they thought were worthy of preservation the government would do its best to […]
Fernando Chui Sai On acknowledged on Tuesday that the government is facing the dilemma of promoting the city’s development and protecting its heritage sites at the same time, but pledged that if “most residents” agreed to protect any building or sites which they thought were worthy of preservation the government would do its best to […]