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Day: October 28, 2015

Laurence Ho says shift to Macau’s mass market ‘likely permanent’

Laurence Ho says shift to Macau’s mass market ‘likely permanent’

The drop in gaming revenues in the last 18 months has brought changes to local casinos’ high-roller market, Melco Crown Entertainment (MCE) Co-chairman and CEO Lawrence Ho Yau Lung said on Tuesday, adding that the shift from the high-rolling VIP to the mass market was “likely to be a permanent one.” “There has been a […]
Macau developer Ng Lap Seng freed on bail

Macau developer Ng Lap Seng freed on bail

Macau developer Ng Lap Seng was released on Monday after posting USD25 million of his $50 million bail and agreeing to pay for two private security guards to be in attendance around-the-clock at his Manhattan apartment, to ensure he does not flee. Ng, 67, is at the center of a bribery case that has drawn […]
Mainland-Macau Trade rises 35.2 percent in nine months

Mainland-Macau Trade rises 35.2 percent in nine months

Trade between the Chinese mainland and Macau increased by 35.2 percent year-on-year to USD3.56 billion during the first nine months of 2015, the Ministry of Commerce revealed on Tuesday. The mainland’s exports to Macau rose by 37.4 percent year-on-year to USD3.42b during the January-September period. The MSAR’s exports to the mainland totaled USD140m, a decrease […]
Macau developer Ng Lap Seng freed on bail

Macau developer Ng Lap Seng freed on bail

Macau developer Ng Lap Seng was released on Monday after posting USD25 million of his $50 million bail and agreeing to pay for two private security guards to be in attendance around-the-clock at his Manhattan apartment, to ensure he does not flee. Ng, 67, is at the center of a bribery case that has drawn […]