Macau International Airport has cancelled 5,220 flights and has only 20 daily flights scheduled to operate in May.
Business
Lau Wai Meng, one of the two vice-directors of the Economic Services Bureau (DSE), will be the new president of the Macau Trade and Investment Promotion Institute (IPIM), the Portuguese-language radio channel of public broadcaster TDM reported on Thursday.
Gaming operator Melco Resorts & Entertainment Limited reported on Wednesday an operating loss of US$149.9 million for the first quarter of this year, compared with operating income of US$191.1 million in the same quarter of last year.
Galaxy Entertainment Group (GEG) said in a statement to the Hong Kong Stock Exchange on Wednesday that its net revenue fell 61% both year-on-year and quarter-on-quarter to HK$5.1 billion in the first quarter.
US gaming mogul Sheldon Adelson’s Las Vegas Sands has given up on its US$10 billion casino project in Japan, Fox Business reported on Tuesday.
The government’s receipts from gaming taxes fell 47.9% year-on-year to MOP 20.5 billion (US$2.56 billion) in the first four months of the year, the Financial Services Bureau (DSF) announced today.
US gaming operator MGM China Holdings Limited announced today that Chief Executive Officer Grant R. Bowie has “notified” the company of his decision to retire with effect from May 31.
The total number of personal credit cards issued by banks in Macau continued to rise in the first quarter, but both credit card turnover and repayments recorded year-on-year declines.
Local residents have in the five days, since they were valid, spent MOP 295 million on goods and services with their government-issued consumption subsidy smartcards.