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Macau’s gaming revenue to drop at slower pace in 2016 H2

Macau’s gaming revenue to drop at slower pace in 2016 H2

Macao’s gaming revenue in the second half of 2016 will drop from last year’s level at a slower pace, the special administrative region’s financial authorities said on Saturday. A report issued by Macau’s Office of the Secretary for Economy and Finance said the income of the Special Administrative Region (SAR) gaming industry in June reached […]
Macau’s vehicle imports drop 53 per cent in January-May

Macau’s vehicle imports drop 53 per cent in January-May

Macau’s imports of motor cars and motorcycles dropped by 53 per cent year-on-year to 529 million patacas in the first five months of the year, the Statistics and Census Bureau (DSEC) announced on Wednesday. Mobile phone imports fell by 50.5 per cent to 1.97 billion patacas. Imports of watches decreased by 42.3 per cent to […]
Macau Polytechnic Institute to launch Portuguese teacher training courses

Macau Polytechnic Institute to launch Portuguese teacher training courses

Macau Polytechnic Institute (IPM) President Lei Heong Iok said the tertiary education institution would launch Portuguese-language teacher training courses soon. Lei made the announcement on the sidelines of a graduation ceremony for IPM students of the academic year 2015-2016. Lei said that after the launch of a new bachelor’s programme in International Chinese Language Education […]
Pansy Ho says MGM Cotai, Macau, project going smoothly

Pansy Ho says MGM Cotai, Macau, project going smoothly

The construction of MGM China’s casino-hotel resort in Cotai is going smoothly, Pansy Ho Chiu King, co-chairperson and executive director of the gaming company, said, adding she believed it will open in the first quarter of next year. The US-based brokerage Sanford C. Bernstein said last week there was a possibility that the opening of […]
Wynn Palace to open in Cotai, Macau on Aug 22

Wynn Palace to open in Cotai, Macau on Aug 22

Wynn Macau will open its new integrated resort, Wynn Palace, in Cotai on August 22, the US gaming company said in a statement on Monday. The USD 4 billion (32 billion patacas) property features 1,706 rooms, restaurants, cable car rides around the resort, a water fountain show and a luxury shopping centre, as well as […]
Macau government forecasts Brexit impact will be ‘limited’

Macau government forecasts Brexit impact will be ‘limited’

The impact of Great Britain’s referendum to leave the European Union (EU) will have a “relatively limited” impact on Macau, a statement by the office of Secretary for Economy and Finance Lionel Leong Vai Tac predicts. According to the statement issued on Friday, Leong held a meeting with the Macau Monetary Authority (AMCM) on Friday […]
Prices in Macau continue to slow in May

Prices in Macau continue to slow in May

Consumer prices in Macau in May continued to slow, with year on year inflation at a rate of 1.64 per cent, or 38 basis points less than in April, said the region’s Statistics and Census Bureau (DSEC). A chart provided by DSEC in the statement on May’s CPI shows that the general index has been […]
Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak Holdings Limited said in a statement on Wednesday that it was partnering with an Abu Dhabi company to build a shopping mall with a cineplex in Taipa that was expected to be operational in 2019. The statement said that the 50/50 joint venture partnership was agreed upon with HIP Company Limited, a wholly-owned […]
Macau’s GDP to fall 5.9 per cent in 2016, return to growth in 2017

Macau’s GDP to fall 5.9 per cent in 2016, return to growth in 2017

Macau’s real GDP will contract by 5.9 per cent this year because of a fall in gambling revenue but will return to growth in 2017. This is the forecast of a report on Macau for the second quarter of this year by the Economist Intelligence Unit (EIU), published in London on June 20. It said […]
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