The government’s current reserves amount to MOP505.2 billion (US$62.8 billion), Secretary for Economy and Finance Lionel Leong Vai Tac said in the legislature.
Business
Monday’s 2017 Boao Forum for Asia Development Summit (Macau) focused on the theme of “Smart City Construction and Development of the Asian Region.” The one-day event was held at Sands Cotai Central.
KNJ Investment, headed by local businessman Kevin Ho King Lun, has acquired a 30% stake in Portugal’s Global Media Group for 15 million euros.
Casino operator Melco Resorts and Entertainment Ltd on reported on Thursday a 86.9 percent year-on-year increase in profit for the third quarter of 2017.
Macau’s casino gaming receipts rose 22.1 percent to 26.63 billion patacas (US3.31 billion) in October, according to data released by Macau’s Gaming Inspection and Coordination Bureau on Wednesday.
Macau casino operator Wynn Macau Ltd reported a US$183.2 million for the third quarter of 2017, a 21.3-percent increase from US$151.0 million for the same period of 2016.
Macau gaming operator Sociedade de Jogos de Macau (SJM) has announced its third quarter results for 2017. Gaming revenue for the group was HK$10,015 million, a 0.6 percent increase from the third quarter of 2016.
Sands China will spend US$1.1 billion renovating its properties including turning the Sands Cotai Central into a London-themed resort over the next three years. Renovation works will begin in the second quarter of 2018.
Over 1,000 enterprises from about 50 countries and regions are showing their products and services at the 22nd Macau International Trade and Investment Fair (MIF), hoping to network and get into partnerships with those along the “Belt and Road”