Business

06 Aug 2018

Macau Government plans to explore and promote the development of maritime industries

The Macau government intends to explore new hubs to sustain economic growth and promote the development of emerging maritime industries, which will give the territory and the “One Centre, One Platform,” concept a new dynamic, said the Chief Executive.

03 Aug 2018

Macao int’l airport passenger traffic reaches new record in July

Macao int’l airport passenger traffic reaches new record in JulyMacao International Airport (MIA) experienced its busiest month ever in this summer, as over 740,000 passenger movements were recorded in July 2018, MIA said on Thursday in its air traffic report.

03 Aug 2018

MGM China H1 revenue up 30 percent

MGM China Holdings Limited said its H1 revenue rose 30 percent, helped by the February opening of its new Cotai resort.

03 Aug 2018

Wynn Macau to present development proposal for Cotai land parcel in 4Q18

Wynn Resorts CEO Matt Maddox says the company’s Macau subsidiary, Wynn Macau Limited, will present plans for its empty seven-acre parcel of land located alongside Wynn Palace in Cotai to the Macau government before the end of 2018.

02 Aug 2018

THE 13 Hotel expects to open this month

THE 13 Hotel, which reportedly cost US$1.6 billion to build, in Seac Pai Van in Coloane is expected to open on or before August 31, South Shore Holdings Limited said in a statement Wednesday.

01 Aug 2018

Macau gaming revenue rises 10 percent in July

Macau casinos’ gross gaming revenue increased by 10 percent year-on-year for July.

01 Aug 2018

SJM Holdings’ net profit rises 56.8 percent in 1H

Hong Kong-listed Macau gaming operator SJM Holdings Limited said in a statement Tuesday that its first-half net profit rose 56.8 percent year on year to HK$1.49 billion (US$ 186 million)

30 Jul 2018

Graft busters to probe Viva Macau loans

The Commission Against Corruption (CCAC) has announced that it will investigate loans worth 212 million patacas granted by the Macau government about a decade ago to the now defunct local airline Viva Macau.

26 Jul 2018

Sands China net revenue strong in 2Q18

Sands China saw its net revenue soar 18% to US$2.11 billion in the three months to 30 June 2018, bolstered by a strong performance at the Venetian Macao and growth across all Macau properties.