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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 […]
Mystery surrounds object in ferry collision from Macau to Hong Kong

Mystery surrounds object in ferry collision from Macau to Hong Kong

Hong Kong authorities on Monday were yet to determine the mystery object that a high-speed ferry hit near Lantau island on Sunday evening when it was on its way back to Hong Kong from Macau, Hong Kong government broadcaster RTHK reported on Monday night. The accident left 124 people injured. Authorities said an inspection on Monday morning […]
East European gang steals over 1,000 card details

East European gang steals over 1,000 card details

An East European gang has stolen the details of over 1,000 ATM and credit cards since last October, Chan Cho Man, a Judiciary Police (PJ) spokesman, said on Monday. According to Chan, the police received calls from five banks from March to May, which reported that someone was trying to withdraw money from 26 of […]
Japanese tourists in Macau up by 16.6 percent

Japanese tourists in Macau up by 16.6 percent

While there have been mixed results in the number of visitors to Macau, there has been strong growth in tourists from certain key markets such as Japan, which saw an increase of 16.6 percent year-on-year. Other strong performers include Hong Kong and Taiwan, up by 6.8 percent and 5.6 percent respectively. Information from the Statistics […]
MIF registers slight increase in trade visitors, some exhibitors disappointed

MIF registers slight increase in trade visitors, some exhibitors disappointed

More professional purchasers showed up at this year’s 20th Macau International Trade and Investment Fair (MIF) than last year, according to the organizer’s preliminary data. Running over four consecutive days at The Venetian Macao since last Thursday, the event saw a total of 50 agreements inked between chambers and governments as well as around 574 […]
High-speed Macau ferry slams into unknown object near Soko Islands

High-speed Macau ferry slams into unknown object near Soko Islands

A total of 121 people were injured on Sunday night, 14 of them seriously, when a high-speed ferry returning from Macau hit an “unidentified object” south of Lantau Island. The Turbojet lost power after the accident and water began seeping in as passengers scrambled in the dark for lifejackets. “Some people sustained injuries to their […]
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