The Belt and Road Forum for International Co-operation taking place in Beijing has got the Macau delegation thinking how the local government and people should prepare themselves for participation in the large-scale project.
Business
Macau Chief Executive Chui Sai On will lead a delegation from the Special Administrative Region to Beijing to take part in the “Belt and Road” Forum for International Cooperation, to be held on 14 and 15 May
Banco Nacional Ultramarino (BNU) in Macau, of Portuguese state-owned financial group Caixa Geral de Depósitos, ended the first quarter of 2017 with profits of 168.4 million patacas (US$21.05 million), according to the bank’s quarterly results.
SJM Chief Executive Officer Ambrose So Shu Fai said on Monday that as Macau’s gaming revenue has been up for nine straight months, and if the momentum continues, there could even be double-digit growth in this year’s gaming revenue.
In order to protect Macau’s financial system and the interests of cardholders whose bank cards have been issued in the mainland, all ATM machines in Macau will have Know Your Customer (KYC), a compliance feature, the government announced on Monday.
Casino operator Galaxy Entertainment Group (GEG) said on Thursday that its total revenue in the first quarter rose 5 percent year on year to HK$14.1 billion.
Gross revenue from Macau’s casinos grew 16.3 percent year on year in April to 20.162 billion patacas (US$2.52 billion), according to data released by the Macau Gaming Inspection and Coordination Bureau.
Sands China Ltd.’s (SCL) total net revenues increased 15.3 percent to US$ 1.88 billion in the first quarter of 2017, compared to US$ 1.63 billion in the first quarter of 2016.
Hong Kong-listed Gaming Operator SJM Holdings has announced that Rui Cunha, one of the longest-serving advisors to casino mogul Stanley Ho Hung Sun, will not seek re-election at its upcoming annual general meeting as one of the company’s executive directors.