VIP baccarat generated nearly 55 percent of Macau’s gross gaming revenue last year, the Gaming Inspection and Coordination Bureau (DICJ) has announced.
Business
Property prices will face a downward correction, with local Jones Lang LaSalle (JLL) representatives yesterday forecasting a drop of up to 10 percent in prices of residential and retail units.
Beijing has just approved a much-awaited blueprint to create an IT-led economic powerhouse in southern China after ironing out intricate competition and technical issues, and will unveil it in late February.
Macau’s Light Rapid Transit (LRT) trains will run daily from 6 a.m. to 1 a.m., Secretary for Transport and Public Works Raimundo do Rosario told reporters
Macau’s airport handled a record 8.26 million passengers last year, a 15 percent growth year-on-year, its operator announced Thursday.
Gaming operators such as Sands China and MGM have pulled the last straw as part of their effort to reduce their plastic footprint.
The Macau Jockey Club (MJC) has promised to spend between 3.5 billion and 4.5 billion patacas on revamping its racetrack in Taipa, lawmakers were told Thursday.
Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain.
Macau’s gross national income (GNI) rose by 10.3 percent year-on-year in real terms in 2017, while per-capita GNI went up by 9.7 percent year-on-year in real terms