Sociedade de Jogos de Macau (SJM) Wednesday opened its Macau Gaming History Gallery.
Business
Credit ratings agency Moody’s Investors Service has issued Macau with a strong “Aa3 stable” rating, citing the absence of government debt and fiscal surpluses as factors supporting the build-up of large fiscal reserves.
The locally registered Polytex Import and Export Co. Ltd. will demand from the government at least 60 billion patacas in compensation if the government fails to grant the land concession of the mothballed Pearl Horizon mixed-used property project to company again, the Portuguese-language newspaper Hoje Macau reported.
The owners of the Macau (Yat Yuen) Canidrome Co. Ltd. have been told by the Civic and Municipal Affairs Bureau (IACM) to submit a revised proposal on the fate of its about 600 greyhounds, government-owned broadcaster TDM-Radio Macau has reported.
Growth of Macau’s gross casino revenue slowed to 12.1% in May, compared to 27.6% in April and 22.2% in March, according to the Macau Gaming Inspection and Coordination Bureau.
Secretary for Economy and Finance Lionel Leong Vai Tac said Thursday that Macau will further strengthen its partnership with Zhuhai to jointly strengthen the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).
The Legislative Assembly (AL) Thursday passed the outline of a government-initiated bill regulating the city’s finance leasing.
Businessman David Chow Kam Fai, co-chairman of Macau Legend Development and former member of the Legislative Assembly (AL), Wednesday urged the government to study the possibility of granting two additional gaming concessions after the expiration of the city’s three gaming concessions and three sub-concessions.
Macau gross domestic product (GDP) in the first quarter of this year grew by 9.2 percent year-on-year in real terms, 1.2 percentage points higher than the 8.0 percent rise in the previous quarter, the Statistics and Census Bureau (DSEC) said Tuesday.