The Macau government announced on Friday the cancellation of the 2020 Macau International Environmental Cooperation Forum & Exhibition (2020MIECF) due to the novel coronavirus (COVID-19) threat.
Business
US gaming company MGM Resorts International said this week that it is currently losing US$1.5 million (12 million patacas) a day in Macau.
Casino workers who are on leave due to the current coronavirus epidemic are called to refrain from travelling abroad, avoid crowds of people and stay at home.
Macau’s 41 casinos will be closed for 15 days starting Tuesday midnight.
Macau’s gross gaming receipts fell 11.3% year-on-year to 22.12 billion patacas last month, the Gaming Inspection and Coordination Bureau (DICJ) announced.
Macau’s foreign exchange reserves amounted to 178.3 billion patacas at the end of last year.
The University of Macau (UM) forecast yesterday that Macau’s economy will shrink 3.7% this year.
The first phase of the Macau Economic Database project by the University of Macau’s (UM) Centre for Macau Studies (CMS) and Department of Economics completed its first phase.
The government aims to complete formulating its guidelines on the method the city’s government-owned enterprises should announce their financial information and start implementing the guidelines next month.