The chief executive has personally exempted the six concessionaires from paying Macao’s 12 percent tax rate on profits over 600,000 patacas.
Business
The Melco chairman’s private investment firm is setting up an entertainment company with Yeung to run nightclubs and other establishments in the region.
Workers from mainland China continue to comprise the biggest community, followed by those from the Philippines and Vietnam.
Reaching Istanbul and Moscow is about to get easier, with new Asian services coming onstream as well.
The city’s casinos are getting busier, creating a stressful situation for overburdened staffers, according to an employee organisation.
The gaming operator was given the grade, Fitch says, because of its high-quality assets, robust finances, and Macao’s rapidly recovering economy.
The city’s gaming sector kicks off the year with revenue that has exceeded some analysts’ expectations.
Thais will now be able to add a trip to the Chinese mainland onto their already-visa-free travels to Macao and Hong Kong, in an expected boon for SAR tourism.
MGM is becoming the SAR’s first integrated resort to fully power its operations using natural gas – a move designed to dramatically cut carbon emissions.