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”.
Business
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.
According to the bill, the government expects total receipts of MOP119.17 billion next year, MOP16.23 billion more than this year’s budget, up 15.8 percent. Government expenditure next year is budgeted at MOP109.61 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.
Galaxy Entertainment Group reported its unaudited financial results for the three-month-period ending September 30 on Thursday.
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.
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”.
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.
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.