News doubly welcome in wake of Suncity debacle, however, government still 40 per cent short of its MOP 130 billion gross gaming receipts target.
Day: December 1, 2021
Macao’s premier trade fair partners with Shanghai for the first time, expected to draw thousands of participants on and offline from around the world.
Stock plunged to HK$0.13 yesterday; further announcement from board of directors expected soon. Salaries halted for one-third of company’s staff.
Decision follows disastrous day on Hong Kong Stock Exchange; analysts forecast thousands of job losses in Macao.
Construction has stretched over nearly 12 years, with delays blamed on poor soil and materials, typhoons and Covid-19.
Macao’s gaming operators also take a hit for the second day, suffering losses of up to 6.5% following Suncity CEO Alvin Chau’s arrest at the weekend.
More guests are on staycations; numbers still well below October 2019, when more than 1 million overnighted in the city.
Police astounded at residents’ gullibility, security secretary says, who puts the blame on loneliness and avarice.
Headquartered in Guangzhou, the international commercial bank will focus on cutting-edge technology, green finance and cross-border finance.
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