China will invest CNY 474.1 billion (US$67.9 billion) to improve rail connection in the Greater Bay Area, building 775 km (480 miles) of intercity railway and five transport hubs, according to a plan approved by the National Development and Reform Commission.
Business
Macau’s gross gaming revenue fell 94.5% year-on-year to MOP 1.344 billion (US$168 million) in July.
MGM China’s net revenues fell 95 per cent year-on-year to US$33 million (MOP 261 million) in the second quarter of this year, the Hong Kong-listed US gaming operator said in a statement today.
Secretary for Economy and Finance Lei Wai Nong told reporters on Wednesday that the government has already spent MOP 10 billion on alleviating residents’ burden of COVID-19.
The Macao government opened today a public tender for the main construction of the Seac Pai Van Line of the light rail.
Macao gaming operator SJM Holdings reported on Tuesday a loss of HK$1.41 billion in the first half of the year, a year-on-year decline of 184.1%.
About 110,000 residents went to top up their consumption subsidy smartcard on Monday, the first day of the procedure, according to a statement from Economic Services Bureau (DSE), as the government’s second phase subsidy scheme giving each resident MOP 5,000 to spend locally begins on Saturday.
The Centre for Gaming and Tourism Studies (CJT) of the Macao Polytechnic Institute (IPM) held a sharing session on “Gamblers’ Fatigue: The Evolving Trends of Gaming Behaviour among Gamblers” on its Taipa campus last week, presenting the latest research findings by a CJT research team headed by Prof Zeng Zhonglu, the public tertiary education institution said in a statement on Thursday.
More than 25,000 casino workers have undergone Covid-19 tests, and all of them have been negative