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Macau’s gaming revenue in October to be highest in four months, said Secretary Leong

Macau’s gaming revenue in October to be highest in four months, said Secretary Leong

The Secretary for Economy and Finance said Wednesday that gaming revenue during the National Day Golden Week has decreased by 20-percent compared to last year, according to Macau´s television (TDM). Lionel Leong Vai Tac expects, however, that October’s revenue will be the highest in four months. And as a result, the year-on-year decline will slow […]
Government grants Macau Studio City 250 gaming tables a week before opening

Government grants Macau Studio City 250 gaming tables a week before opening

Secretary for Economy and Finance Lionel Leong Vai Tac said Tuesday the government had approved 250 gaming tables for Melco Crown Entertainment’s (MCE) Studio City resort in Cotai. Leong made the announcement exactly one week before the casino-hotel property is slated to open. The policy secretary overseeing the gaming industry also said the government had […]
5,100 trade visitors expected on the 20th Macau International Trade and Investment Fair

5,100 trade visitors expected on the 20th Macau International Trade and Investment Fair

Over 5,100 trade visitors from Macau and more than 50 regions and countries are expected to attend the four-day 20th Macau International Trade and Investment Fair (MIF), which will kick off on Thursday, Irene Va Kuan Lau, co-ordinator of the annual event’s organising committee, said on Tuesday. Lau, an executive director of the Macau Trade […]
Macau construction sector boots local economy

Macau construction sector boots local economy

The main indicators of the construction sector registered a general increase in 2014, largely due to the construction of hotels and entertainment facilities, according to information from the Statistics and Census Service (DSEC). The statistical data indicates that the value of construction increased by 63.2 percent year-¬on-year to MOP78.15 billion, intermediate consumption rose by 60.2 […]
Macau’s gross gaming revenue falls 33 percent

Macau’s gross gaming revenue falls 33 percent

Macau’s gross gaming revenue in September fell 33 percent year-on-year to 17.13 billion patacas (2.2 billion U.S. dollars), according to the latest figures from the industry regulator, the city’s Gaming Inspection and Coordination Bureau. The industry suffered the 16th consecutive monthly income decrease, but the drop narrowed by 2.5 percent from August, the figure indicated. […]
Macau balance of trade deficit totals US$6.2 billion from January to August

Macau balance of trade deficit totals US$6.2 billion from January to August

The Macau balance of trade recorded a deficit of 49.36 billion patacas between January and August, an improvement of 3.2 percent over the deficit recorded in the same period of 2014, of 51 billion patacas, reported the region’s Statistics and Census Bureau. In the first eight months of 2015 Macau exported goods worth 7.291 billion […]
Macau Trade and Investment Promotion Institute to take over MICE support

Macau Trade and Investment Promotion Institute to take over MICE support

Macau Trade and Investment Promotion Institute (IPIM) Acting President Irene Lau Kuan Va said on Tuesday that her institute will be taking over the support for the city’s MICE sector from the Macau Economic Bureau (DSE) in November. Lau said the government hoped to make its support for the MICE sector more efficient through the […]
Centaline sees no further drop in housing prices

Centaline sees no further drop in housing prices

Sales and rental prices for shop units and office and industrial building spaces have continued to drop but housing prices will not go further down with prices returning to the level they were at the start of the year, Centaline (Macau) Property Agency Director Jacky Shek Pou Tak predicted on Tuesday. Shek made the forecast […]
Macau government changes Studio City’s land lease to 4-star hotel

Macau government changes Studio City’s land lease to 4-star hotel

According to the Official Gazette (BO) on Wednesday, Secretary for Transport and Public Works Raimundo do Rosário has given the green light to MelcoCrown Entertainment’s (MCE) request to change the land-use purpose of Studio City in Cotai from its original 5-star to 4-star hotel status. The plot of land, which covers an area of 130,789 […]
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