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Macau’s economy with contraction of 5.9 per cent in 2016, EIU  

Macau’s economy with contraction of 5.9 per cent in 2016, EIU  

The fall in Macau exports of services relating to games of fortune should reach its lowest point this year, and the economy as a whole will contract 5.9 per cent, in real terms, according to Economist intelligent Unit (EIU). The growth rate of gross domestic product will reverse the downward trend registered since 2014, when […]
Sheldon Adelson says he wants to build more in Macau

Sheldon Adelson says he wants to build more in Macau

US casino magnet Sheldon Adelson said on Tuesday he was interested in building even more integrated resorts in Macau now that he has completed the development of all six plots of land he was granted by the government.
US$2.7 billion Parisian resort opens as Macau recovery beckons

US$2.7 billion Parisian resort opens as Macau recovery beckons

U.S. casino mogul Sheldon Adelson will open his fifth resort in Macau today, as signs emerge of a turnaround in the territory’s fortunes after two years of falling revenues cast doubt on the wisdom of new developments. Sands China, a subsidiary of Adelson’s Las Vegas Sands, will open the doors of the US$2.7 billion (MOP21.6 […]
Gaming recovery in Macau helps imports

Gaming recovery in Macau helps imports

Lawmaker Dominic Sio Chi Wai said on Monday that he believed that the recovery of gaming revenues will help boost Macau’s imports. Sio made these remarks while speaking to reporters on the sidelines of the general meeting of the Macau Importers and Exporters Association on its premises in the city centre. Sio, who chairs the […]
Macau casinos want 73 more smoking lounges

Macau casinos want 73 more smoking lounges

Local gaming operators have applied for 73 more smoking lounges in 21 casinos, the Health Bureau (SSM) says in a written reply to an interpellation about the matter by lawmaker-cum-unionist Ella Lei Cheng. The bureau’s response was made public on Wednesday. According to the bureau, the current number of casino smoking lounges stands at 86. […]
5th Macau Forum Ministerial Conference to be held in October

5th Macau Forum Ministerial Conference to be held in October

The 5th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau) will take place on 11 and 12 October 2016, said the Government Information Bureau (GCS). The conference, whose theme is “Towards Consolidation of Economic and Trade Relations between China and the Portuguese-speaking Countries: Joining Efforts for Cooperation, […]
CTM slashes broadband fees, gives unlimited data usage in Macau

CTM slashes broadband fees, gives unlimited data usage in Macau

Telecom operator CTM is giving all its broadband and fibre broadband customers unlimited data usage and slashes its tariffs from October 1, the company announced on Tuesday. CTM’s CEO Vandy Poon Fuk Hei said in a press conference at the telecom’s head office in Taipa that despite the fact that all CTM customers will have […]
Macau government grants The Parisian 150 tables

Macau government grants The Parisian 150 tables

The government has authorised The Parisian to install 150 gaming tables until over three phases until 2018, Secretary for Economy and Finance Lionel Leong Vai Tac said on Saturday. Leong, whose portfolio oversees the gaming industry, made the remarks on the sidelines of a public function, responding to reporters’ questions. According to Leong, Sands’ The […]
Macau’s gaming industry reverses slump in August

Macau’s gaming industry reverses slump in August

Macau’s gaming revenue registered a rise of 1.1 per cent year-on-year in August, reversing the 26-month slump of the industry. Macau’s gaming sector collected about 18.8 billion patacas (about US$ 2.4 billion) in August, up 1.1 per cent from the previous year, according to the data released by the special administrative region’s Gaming Inspection and […]
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