Bill passed enabling Macau to formally engage in the international trade in rough diamonds.
Business
The controversial bill proposing the transfer of MOP 60 billion for setting-up MSAR Investment and Development Fund is to be withdrawn from Wednesday’s plenary session agenda.
Macau’s discount window base rate has been lowered by 25 basis points to 2.5%
Gross gaming revenue (GGR) in Macau casinos dropped 3.5 percent in July from a year earlier, according to data released today by the Gaming Inspection and Coordination Bureau (DICJ) .
Complete construction of Grand Lisboa Palace integrated resort in Cotai scheduled by the end of this year.
The government plans to set up the local version of a “sovereign wealth fund” with a proposed capital of 60 billion patacas.
A total of 7,652 residential flats were under construction at the end of March, and the units are expected to be absorbed by the market over the next three years.
The government has been cracking down on illegal online gambling and will continue to do so, resulting in over 300 websites being shut down between 2016 and last year.
Local junket operator Suncity Group Chairman Alvin Chau Cheok Wa said on Saturday that no legal action would be taken against any media.