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Premature’ revealing of gaming concession bidding process would have ‘adverse impact’: Leong

Premature’ revealing of gaming concession bidding process would have ‘adverse impact’: Leong

Secretary for Economy and Finance Lionel Leong Vai Tac said in the legislature’s hemicycle Thursday that if the government revealed “prematurely” the details of its upcoming gaming concession bidding process in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions, it would “adversely impact” the “healthy” development of Macau’s gaming industry in the future.
Macau GDP Q3 growth slows to 6.1 pct

Macau GDP Q3 growth slows to 6.1 pct

Macau’s gross domestic product (GDP) grew by 6.1 percent year on year in real terms in the third quarter, a marked slowdown compared to economic growth of 11.3 percent in the first quarter and 10.8 percent in the second quarter, the Statistics and Census Bureau (DSEC) said Thursday.
THE 13 Hotel delays opening to March 2018

THE 13 Hotel delays opening to March 2018

The company “will have sufficient working capital to finance its operations and to meet its financial obligations for at least the next 12 months from the date of the approval of these condensed consolidated financial statements”.
Venetian Macau logs 280 million visits in 10 years

Venetian Macau logs 280 million visits in 10 years

The Venetian in Cotai has recorded 280 million visitations since the integrated resort opened in Cotai 10 years ago, Sands China President-cum-Chief Operating Officer Wilfred Wong Ying-wai said on Monday.
Macau Legend sells the Landmark for HKD4.6 billion

Macau Legend sells the Landmark for HKD4.6 billion

David Chow’s Macau Legend Development Ltd has announced in a filing to the Hong Kong Stock Exchange its intention to dispose of 100 percent equity in the Landmark Macau casino-hotel for some HKD4.6 billion.
MGM China revenue grows 5% in Q3

MGM China revenue grows 5% in Q3

MGM China said in a statement on Wednesday that its total revenue rose 5 percent to HK$3.68 billion in the third quarter from the previous quarter.
Banco Well Link holds opening ceremony

Banco Well Link holds opening ceremony

Macau’s newest lender, Banco Well Link, held its formal inauguration ceremony on its Bank of China Building premises announcing that it plans to start retail counter services “in due course”.
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