The government’s income from gross gaming revenue taxes fell 56.5% year-on-year to MOP 21.0 billion (US$2.6 billion).
Business
Deborah Ho Chiu Hung, one of the 16 children of gaming magnate Stanley Ho Hung Sun, who passed away, has filed a caveat to bar dealings in his estate without notifying her lawyers.
Sands China said today it estimates that the net proceeds from the offering of senior notes will be about US$1.48 billion (MOP 11.8 billion) and that it intends to use the net proceeds for incremental liquidity and general corporate purposes.
Sands Chairman and Chief Executive Officer Sheldon G. Adelson and his wife Miriam have been saddened by the passing of Macao gaming magnate Dr. Stanley Ho Hung Sun last week.
Macao’s gross revenue from games of chance fell 93.2 per cent year-on-year to MOP 1.76 billion (US$221 million) last month, the Gaming Inspection and Coordination Bureau (DICJ) announced today.
Macao’s gross domestic product (GDP) dropped 48.7 per cent year-on-year in real terms in Q1.
Macau unemployment rate of local residents grew 0.2 percentage points to 3.1 per cent.
Employees, the self-employed, professionals and companies will receive financial support from next month, as one of the government’s measures to tackle the economic impact of the COVID-19 pandemic.
Former Hong Kong chief executive Leung Chun-ying, aka CY Leung, has exhorted everyone with HSBC bank accounts, especially Hong Kong officials and Hong Kong delegates to the legislative and consultative bodies in the mainland, to stop using them, to let British companies know “which side of their bread is buttered”.