Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said Thursday that enhancing security in the 39 city’s casinos was “an urgent matter”, even though there was a low risk of the city being attacked.
Business
The Macau Monetary Authority (AMCM) said in a statement that it raised its base rate of the discount window Thursday by 25 basis points to 1.5 percent. It has been the fourth time for Macau’s quasi-central bank to raise the policy rate since December 2015
Macao Water, responsible for providing the city’s water supply, has reached a consensus with the Macau government on the building of the Seac Pai Van Water Treatment Plant in Coloane, the company informed in a statement released Wednesday.
Crown Resorts Ltd. said its staff held in China have been charged with gambling-related offenses, the most significant development in the case since the employees were rounded up by mainland authorities in October.
Macau’s gross gaming revenue in May rose 23.7 percent year-on-year to MOP 22.74 billion, posting a 10-month winning streak and beating analysts’ forecasts.
Officials held a meeting with representatives of the city’s gaming operators and junket promoters briefing them on the Legislative Assembly Election Law which requires them to remain politically neutral in the upcoming legislative elections.
Macau’s gross domestic product grew 10.3 percent year-on-year in real terms in the first quarter of the year, according to the Statistics and Census Bureau .
The Macau Foundation (FM) has launched a Belt and Road (B&R) scholarship for residents to study for degree courses in a number of countries along the B&R Initiative, the public institution said in a statement on Sunday.
Macau’s retail sales for the first quarter increased 12 percent year-on-year to MOP 16.6 billion. Month-to-month, the figure was up 4.3 percent.