The average price per square metre of a residential property, across the SAR, was also down by 6 percent in comparison to the second half of May
Business
Some observers say low-tier gamblers could be priced out of the market entirely, while mid-tier players would likely head for core Cotai Strip casinos
June’s gross gaming revenue totalled 21.06 billion patacas, a drop of 0.61 percent month-on-month, but an increase of 13.6 percent year-on-year
The general unemployment rate stood at 1.9 percent in the March-May period, while the rate excluding migrant workers was at 2.5 percent
Parliamentary debate over the kingdom’s controversial Entertainment Complex Bill, last delayed back in April, has been postponed for another month
The US-headquartered bank is winding down its business in Macao due to ‘strategic policy adjustments,’ ending a connection that dates back to 1902
A fiat-linked digital currency bill is progressing through US legislation just weeks after Hong Kong passed its own stablecoin law
South Korea is currently Macao’s largest source of international visitors and its fourth largest overall tourism market
The city bagged first place in the China Tourism Academy ranking for outbound destinations, garnering praise for its entertainment and leisure offerings