Macau gaming operator Melco Resorts and Entertainment said in a statement on Monday that it has offered 100 job opportunities to unemployed local construction workers in conjunction with the Labour Affairs Bureau (DSAL) and Macau Federation of Trade Unions (commonly known as Gung Luen, its Cantonese name). The statement said that the company took the […]
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Macau gaming operator SJM Holdings said in a statement to the Hong Kong Stock Exchange on Monday that its net profit rose 12.5% year-on-year to HK$3.2 billion in 2019.
The Macau Monetary Authority lowered its base rate (BR) of the discount window by 64 basis points to 0.86%.
The Hong Kong government says all arrivals from Europe’s Shengen bloc and South Korea will have to isolate themselves at home for 14 days starting March 17 (Tuesday).
A total of 3,100 gaming tables have resumed operation since the reopening of casinos in February, representing 46% of the total number of tables.
Macau’s general unemployment rate, which comprises local and non-resident workers, and local residents’ jobless rate remained unchanged at 1.7% and 2.3% respectively in the November 2019-January 2020 survey period.
The Macau government’s income from gross gaming revenue taxes fell 12.1% year-on-year to MOP 17.23 billion (US$2.15 billion) in the first two months of the year.
Macau’s overall residential property price index for November 2019-January 2020 dropped 0.9% over the previous survey period (October-December 2019).
The government expected a budget deficit of over 40 billion patacas for this year due to the adverse impact of the COVID-19 epidemic on the local economy.