MTel Chairman and CEO Michael Choi Tak Meng said Monday that the government should release details on the city’s future 5G licences so that the local sector can prepare itself for the upgrade as other jurisdiction will launch the service this year.
Business
Luxury hotel developer The 13 Holdings is planning to open its casino and retail shops by March 31, 2019, according to the company’s latest filing.
Visitors’ total non-gaming spending reached 61.32 billion patacas (US$7.66 billion) in 2017, a year-on-year increase of 16.4 percent, the Statistics and Census Bureau (DSEC) has announced.
The government has revised up its estimate of financial losses caused by Super Typhoon Hato in August last year, from the initial estimate of 11.47 billion patacas to 12.55 billion patacas (US$ 1.5 billion), according to a statement by the Statistics and Census Bureau (DSEC) Thursday.
The East Car Park at the border checkpoint of the Hong Kong-Zhuhai-Macau (HKZM) Bridge will have a capacity of 3,000 spaces for Macau-bound drivers of Hong Kong-registered cars.
The average price of homes reached 100,822 patacas per square metre (10,670 square foot) last year, an increase of 16.8 percent year on year, the Statistics and Census Bureau (DSEC) said in a statement Wednesday
MGM China said in a statement to the Hong Kong Stock Exchange Tuesday that its net revenue rose 3 percent year on year to US$2.0 billion (16 billion patacas) last year.
The casino at MGM Cotai has 177 gaming tables and 982 slot machines catering to the premium mass and mass market. The casino’s VIP lounges will open around the middle of the year.
Macau will hold 600 quotas for vehicles; 500 of the quotas will have a validity of 1 year and the remaining 100 quotas will have a validity of six months.