Wynn Resorts Ltd.’s new Macau resort came up short last quarter, failing to fully capitalize on the recovery in the world’s biggest casino market as construction nearby kept some guests away.
Business
The first Beijing-Macau flight from Beijing Capital Airlines landed at Macau International Airport (MIA) on Tuesday, marking the beginning of flights bringing passengers to Macau from Beijing and then to the Lisbon terminal.
Macau Civil Aviation Authority said on Tuesday that the local government has requested the central government’s permission to reclaim land in the waters between the local airport’s two taxiways that link the runway and the apron.
Secretary for Economy and Finance Lionel Leong Vai Tac said at the weekend that the government will not be complacent after achieving good results in the Asia/Pacific Group on Money Laundering (APG) Mutual Evaluation Report (MER) 2017.
The police busted a fake VIP gaming room in a hotel suite in Nape on Wednesday and arrested 19 gang members from the mainland.
The government will urge CTM to further lower its leased line and International Direct Dialling (IDD) service charges this year.
The Macau Jockey Club in Taipa reported accumulated losses of 4.07 billion patacas, assets of 240 million patacas and liabilities of 1.3 billion patacas at the end of last year.
The Labour Affairs Bureau has ordered the full or partial suspension of 20 construction projects after inspecting 74 construction sites on Saturday.
Judiciary Police Director, Chau Wai Kuong, said that the recent rise in gaming-related loan-sharking cases and gaming-related false imprisonment cases was partially due to the drop in gaming revenues over the last few years.