The average price of residential units decreased by 4.2 per cent quarter-to-quarter to 72,955 patacas per square metre of usable area in the first quarter, the Statistics and Census Bureau (DSEC) announced on Tuesday. The average price of pre-sale residential units dropped by 8.9 per cent to 94,165 patacas per square metre. The average price […]
Business
The G2E Asia 2016 Conference commenced Tuesday at The Venetian, welcoming over 180 exhibitors, 800 VIPs, and buyers from across the globe. The event’s opening ceremony brought together local government, business organizations, and representatives of the international gaming industry. This year’s exhibition will be highlighting the fast-growing iGaming Zone, which has attracted more than double the […]
The Macau Trade and Investment Promotion Institute (IPIM) will invite Portugal to become the partner country at this year’s 21st Macau International Trade and Investment Fair (MIF), IPIM Executive Director Gloria Batalha Ung said on Thursday. Speaking to reporters on the sidelines of a seminar themed “Ideas from Europe, Ideas from Macau” at Macau Tower, […]
A gaming expo taking place next week will put more emphasis on non-gaming entertainment to offer gaming operators an alternative way of increasing revenue amidst the challenges they’re facing with gaming revenue, expo organiser Reed Exhibition’s Senior Vice President Josephine Lee Nga Yee said on Thursday. Lee made the comments while speaking to reporters prior […]
Secretary for Economy and Finance Lionel Leong Vai Tac said on Wednesday that the government’s mid-term gaming sector performance report wasn’t related to the renewal of the city’s gaming concessions, but rather to allow gaming operators to see what they can improve on. Leong made the remarks during a press conference on the government’s mid-term evaluation report […]
Gaming Inspection and Co-ordination Bureau (DICJ) Paulo Martins Chan said on Wednesday that the government will continue its plan to tighten regulation of the junket sector, including raising the initial investment amount. Chan made the remarks during a press conference about the government’s mid-term evaluation report on the gaming sector’s performance. The evaluation was conducted by the […]
Local Portuguese lender BNU has donated 1.6 million patacas to Tung Sin Tong, the city’s oldest charitable organisation. According to a BNU statement issued on Tuesday, BNU Chief Executive Officer Pedro Cardoso handed the donation to Tung Sin Tong President Chui Sai On at the social welfare body’s headquarters last Friday. Tung Sin Tong has […]
The civil aviation authorities of the mainland, Hong Kong and Macau signed an agreement on enhancing air traffic management co-operation in the Pearl River Delta (PRD) region on Monday, the Macau Civil Aviation Authority (AACM) said in a statement. The trilateral pact was signed in Hong Kong. Macau was represented by AACM President, Simon Chan […]
Portuguese state financial group Caixa Geral de Depósitos (CGD) plans, from a base in Macau where it has a significant presence through the Banco Nacional Ultramarino (BNU), plans to function as a business facilitator between China and the Portuguese-speaking countries, the group’s “Chief China Officer”, Alberto Soares, told Macauhub. Taking into account the role already […]