News

Macau, Hong Kong and mainland China aviation bodies sign delta deal

The civil aviation authorities of the mainland, Hong Kong and Macau signed an agreement on enhancing air traffic management co-operation in the Pearl River Delta (PRD) region on Monday, the Macau Civil Aviation Authority (AACM) said in a statement. The trilateral pact was signed in Hong Kong. Macau was represented by AACM President, Simon Chan … Continue reading "Macau, Hong Kong and mainland China aviation bodies sign delta deal"

10 May, 2016

Macau government considers asking UNESCO for “city of gastronomy” listing

The government is looking into the criteria required to lodge an application with UNESCO next year to designate Macau as a “city of gastronomy” in the UN body’s Creative Cities Network, Macao Government Tourist Office (MGTO) Director Maria Helena de Senna Fernandes said on Monday. She made the remarks after attending a plenary meeting of … Continue reading "Macau government considers asking UNESCO for “city of gastronomy” listing"

10 May, 2016

Degas exhibition inaugurated in Macau

The opening ceremony of “Edgar Degas: Figures in Motion” was held at the MGM Art Space on Monday, with an attendance of over 100 guests from many sectors of Macau’s society. The exhibition features a total of 74 sculptures from renowned impressionist artist Edgar Degas that have hitherto never been shown in Asia, including his … Continue reading "Degas exhibition inaugurated in Macau"

10 May, 2016

Caixa Geral de Depósitos aims to faciliate businesses between China and the PSC’s

Portuguese state financial group Caixa Geral de Depósitos (CGD) plans, from a base in Macau where it has a significant presence through the Banco Nacional Ultramarino (BNU), plans to function as a business facilitator between China and the Portuguese-speaking countries, the group’s “Chief China Officer”, Alberto Soares, told Macauhub. Taking into account the role already … Continue reading "Caixa Geral de Depósitos aims to faciliate businesses between China and the PSC’s"

10 May, 2016

100 million yuan donation to Jinan University causes mixed reaction

A 100 million yuan donation by the public Macau Foundation (FM) to Jinan University in Guangzhou, from which thousands of local students have graduated, has caused a mixed reaction here. While some have supported the donation as a patriotic gesture, others have rejected it due to its perceived conflict of interest. For instance, the grassroots … Continue reading "100 million yuan donation to Jinan University causes mixed reaction"

9 May, 2016

Macau Legislative Assembly rejects extradition proposal

In an unprecedented move, a government proposal that would make it possible to sign extradition treaties with Hong Kong and mainland China has been rejected. The Legislative Assembly blames the draft law’s technical problems. Last month, in an interview with TDM, Sonia Chan said a proposal paving the way for an agreement on the surrender … Continue reading "Macau Legislative Assembly rejects extradition proposal"

9 May, 2016

Wynn Macau revenue drops 13.8 per cent in Q1

Wynn Macau’s net revenues dropped 13.8 per cent year-on-year to US$608.2 million in the first quarter, Wynn Resorts said in a statement in Las Vegas last week. Adjusted property Ebitda decreased 9.9 per cent year-on-year to US$191 million. According to the statement, table game turnover in the VIP segment amounted to US$13.47 billion, a 21.4 … Continue reading "Wynn Macau revenue drops 13.8 per cent in Q1"

9 May, 2016

Agencies from Brazil and Macau to further study business missions exchanges

Investment and trade promotion agencies from São Paulo in Brazil and Macau may sign an agreement to intensify the exchange of business missions, ensuring enhanced monitoring on the ground, according to a report from Portuguese-language newspaper Tribuna de Macau. The proposal was presented by the Paulista Agency for Promotion of Investments and Competitiveness (Invests São … Continue reading "Agencies from Brazil and Macau to further study business missions exchanges"

6 May, 2016

MGM China revenue drops in Macau 25 per cent in Q1

MGM China’s total revenue dropped 25 per cent year-on-year to HK$3.6 billion in the first quarter, narrowed from the 31 per cent year-on-year decline in the previous quarter, the gaming operator said in a statement on Thursday. According to the statement, adjusted EBITDA fell 23 per cent to HK$995 million. The company’s “business in the quarter was negatively … Continue reading "MGM China revenue drops in Macau 25 per cent in Q1"

6 May, 2016

Macau lawmakers point out flaws in Five-Year Plan

Macau’s first Five-Year plan was received with mixed feelings by lawmakers. Many noted flaws and ‘omissions’, mainly in the gaming and social welfare sectors. Lawmakers were introduced today to the government’s draft for the SAR’s first ever Five-Year plan. Initially proposed last month, the draft has put forward a performance baseline for a series of … Continue reading "Macau lawmakers point out flaws in Five-Year Plan"

5 May, 2016

Crown cuts stake in Macau Melco Crown Entertainment for HK$6.2 billion

Australian mogul James Packer’s Crown Resorts has reduced its stake in Melco Crown Entertainment (MCE) from 34.3 per cent to 27.4 per cent for HK$6.2 billion, Hong Kong-based Melco International Development (Melco) announced Wednesday night. According to the deal, MCE has agreed to repurchase 155 million shares from a Crown Resorts subsidiary called Crown Asia … Continue reading "Crown cuts stake in Macau Melco Crown Entertainment for HK$6.2 billion"

5 May, 2016

Mission to Brazil promotes Macau as a platform between China and PSC’s

Macau’s economic mission is taking part in São Paulo at the “Feira APAS 2016”, an international trade fair for the supermarket sector organised by the Paulista Association of Supermarkets, from the 2nd to the 5th of May. The delegation, organised by the Macau Trade and Investment Promotion Institute (IPIM), will meet with entrepreneurs and institutions to … Continue reading "Mission to Brazil promotes Macau as a platform between China and PSC’s"

4 May, 2016

Macau posts trade deficit of US$1.825 billion in the 1st quarter

Macau’s trade deficit in the first quarter of 2016 reached 14.602 billion patacas (US$1.825 billion), a year on year improvement of 25.3 per cent, reported the Statistics and Census Bureau. According to the Bureau, the trade deficit in the first quarter of 2015 totalled 19.5516 billion patacas. In the first three months of 2016, Macau … Continue reading "Macau posts trade deficit of US$1.825 billion in the 1st quarter"

4 May, 2016

Macau gaming operator SJM profit falls 44 per cent in Q1

SJM Holdings’s profit attributable to the company’s owners fell by 44.1 per cent year-on-year to HK$561 million in the first quarter, the gaming operator said in a statement on Tuesday. The company’s gaming revenue decreased by 22.8 per cent to HK$11.02 billion, while adjusted EBITDA dropped by 32.5 per cent to HK$838 million. According to the statement, … Continue reading "Macau gaming operator SJM profit falls 44 per cent in Q1"

4 May, 2016

Macau’s April casino revenue falls 9.5 per cent in April

Macau’s April casino revenue dropped less than analysts estimated in a sign of stabilization as casinos shift their focus to attracting mass gamblers and tourists. Macau´s gross gaming revenue in April decreased 9.5 percent to 17.3 billion patacas (US$ 2.2 billion), according to data from Macau’s Gaming Inspection and Coordination Bureau, marking 23 months of … Continue reading "Macau’s April casino revenue falls 9.5 per cent in April"

3 May, 2016

Macau’s government to review computer glitch at the city’s checkpoints

Macau Government Tourist Office (MGTO) Director Maria Helena de Senna Fernandes said on Sunday that official bodies including her office and the Public Security Police (PSP) would review their handling of Saturday’s computer incident in which thousands of people were stuck for hours at the city’s checkpoints. The tourism chief, who also heads the Tourism … Continue reading "Macau’s government to review computer glitch at the city’s checkpoints"

3 May, 2016

Macau’s first five-year plan receives lukewarm reception

The government released a draft on April 26 of its first five-year plan, further heating up the debate surrounding the future of Macau’s economy. Exmoo News, reflected public concern about the plan by covering in great detail the press conference announcing the plan. Chief Executive Chui Sai On admitted that he had confidence in achieving … Continue reading "Macau’s first five-year plan receives lukewarm reception"

2 May, 2016

Macau hotel occupancy falls to 76.5 per cent

The average occupancy rate of Macau’s 106 hotels and guesthouses fell by 0.9 percentage points to 76.5 percent in March, the Statistics and Census Bureau (DSEC) said on Thursday. According to a DSEC statement, the number of hotels and guesthouses rose by seven from March last year. The number of guestrooms rose by 4,000, or … Continue reading "Macau hotel occupancy falls to 76.5 per cent"

29 Apr, 2016

Photographer António Leong showcases his solo exhibition in Macau

For Macau resident, António Leong, photography is just a hobby, but this hasn’t stopped his shots being selected as editor’s picks by National Geographic.   He’s amassed quite a following on social media too with over 12,000 likes for his Facebook page Antonius Photoscript. Wednesday marked the start of his first photo exhibition in Macau, La … Continue reading "Photographer António Leong showcases his solo exhibition in Macau"

28 Apr, 2016

Macau security chief describes US human rights report as “irresponsible gossip”

Secretary for Security Wong Sio Chak said on Wednesday that the local government strongly objected to a human rights report published by the US government recently, describing it as “irresponsible gossip”.   Wong made the remarks on the sidelines of an awards ceremony for firefighters at the Fire Services Bureau (CB) headquarters in Nam Van. … Continue reading "Macau security chief describes US human rights report as “irresponsible gossip”"

28 Apr, 2016