Macau’s 107 hotels and guesthouses welcomed 1.04 million guests in January, a year-on-year growth of 15.6 percent, the Statistics and Census Bureau (DSEC) announced on Tuesday.
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Galaxy Entertainment Group (GEG) and SJM Holdings reported on Tuesday their 2016 results. According to a GEG statement to the Hong Kong Stock Exchange, the company recorded a full-year net profit attributable to shareholders (NPAS) of HK$6.3 billion.
The Legend Palace Hotel, the latest addition to the portfolio of Macau Legend Development Limited (MLD), opened on Monday with 66 gaming tables.
The police busted 32 organised crime cases last year, a year-on-year increase of 146 percent from just 13 such cases in 2015, Secretary for Scurity Wong Sio Chak said on Monday.
Fitch Ratings is expecting Macau’s GDP to grow 2.5 percent in 2017, supported by improving gaming revenues from new resort openings.
The now defunct Telecommunications Regulation Bureau (DSRT) failed to properly monitor and supervise its WiFi GO service so that WiFi GO service points in the city are affected by poor connection quality, the Commission of Audit (CA) said in report on Monday.
According to data from the Financial Services Bureau (DSF), Macau made MOP 7.3 billion (US$907.3 million) from gaming taxes in January. The amount represents an increase of 7.7 percent year-on-year, compared to the same month in 2016.
Macau´s Chief Executive, Chui Sai On, said on Friday that participating in the development of the “Belt and Road” initiative would complement Macau and Guangdong ties.
Keith Buckley is Director of BCAM and Chairman of construction charity, Lighthouse Club Macau. He has overseen the construction of Sands China Ltd.’s projects in Macao, including Sands Macao, The Venetian, Four Seasons Hotel, Sands Cotai Central and, more recently, The Parisian.