The Legend Palace Hotel, the latest addition to the portfolio of Macau Legend Development Limited (MLD), opened on Monday with 66 gaming tables.
Business
Fitch Ratings is expecting Macau’s GDP to grow 2.5 percent in 2017, supported by improving gaming revenues from new resort openings.
According to data from the Financial Services Bureau (DSF), Macau made MOP 7.3 billion (US$907.3 million) from gaming taxes in January. The amount represents an increase of 7.7 percent year-on-year, compared to the same month in 2016.
Macau´s Chief Executive, Chui Sai On, said on Friday that participating in the development of the “Belt and Road” initiative would complement Macau and Guangdong ties.
Macau’s gross domestic product (GDP) shrank by 2.1 percent year on year in real terms last year, an improvement from the 21.5 percent drop in 2015, the Statistics and Census Bureau (DSEC) said on Thursday.
CEM expects its new power plant in Coloane to be up and running in five years time, Bernie Leong Wa Kun, chairman of the electricity utility’s executive committee, said on Thursday.
Macau’s economy grew 7 percent in the fourth quarter of last year, followed by a 4 percent rise in the previous homologous period, the Secretary for Economy and Finance, Lionel Leong, announced on Wednesday.
Macau’s composite consumer price index (CPI) in January rose 1.76 percent year on year, up 0.32 percentage points from the 1.44 percent growth in the previous month, the Statistics and Census Bureau (DSEC) announced on Tuesday.
Setting up smoking lounges in casinos is not contrary to the World Health Organisation’s (WHO) suggestion of building a smoke-free environment, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said on Monday.