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Police bust illegal casino, nab 15 in Areia Preta, Macau

Police bust illegal casino, nab 15 in Areia Preta, Macau

The Public Security Police (PSP) arrested 15 people, aged between 22 and 35, in a Tuesday night raid on an underground casino in a residential flat in Areia Preta, PSP spokesperson Lei Tak Fai said yesterday, adding that the police seized over three million patacas worth of gaming chips and 16 computers. Acting on a […]
Trade between Macau and Zhongshan increases by 13.9 percent in 2015

Trade between Macau and Zhongshan increases by 13.9 percent in 2015

Trade between Macau and the city of Zhongshan in 2015 increased 13.9 percent over the previous year and reached US$230 million, the Macau Trade and Investment Promotion Institute (IPIM) said Monday. The announcement was made after a meeting in Macau between a delegation from Zhongshan headed by the vice president of the Chinese municipality Yang […]
Macau’s gaming revenue drops 21.4 percent in January

Macau’s gaming revenue drops 21.4 percent in January

Macau’s gross gambling revenues in January dropped 21.4 percent on yearly basis to 18.67 billion patacas (about 2.33 billion U.S. dollars), according to figures released by Macao Gaming Inspection and Coordination Bureau on Monday. Gaming industry of Macau kept its downturn trend from the start of 2016, marking the 20th consecutive monthly decline, but the […]
Macau to host first CEFCO outside mainland

Macau to host first CEFCO outside mainland

Macau’s various industries, such as tourism, catering and logistics, will benefit from the 13th China Expo Forum for International Co-operation (CEFCO 2017) slated to be hosted in the city next year, the Macau Trade and Investment Promotion Institute (IPIM) said in a statement. During the annual forum’s opening ceremony earlier this month in Yinchuan, capital […]
Beijing backs Macau as yuan hub

Beijing backs Macau as yuan hub

The central government will keep supporting Macau to become a yuan clearing platform between China and the Portuguese-speaking bloc, Yao Jian, deputy director of the Central People’s Government Liaison Office in Macau, said on Wednesday. Yao made the remarks when addressing a seminar jointly hosted by the Bank of China Macau Branch (BOC Macau) and […]
Agreement to advance chinese medicine industry from Macau inked

Agreement to advance chinese medicine industry from Macau inked

The Secretary for Economy and Finance, Lionel Leong, was in Beijing last week to witness the signing of a memorandum of understanding (MOU) between the State Administration of Traditional Chinese Medicine (TCM) and the Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park Development. The secretary said that Macau intends to use the ties forged with Lusophone […]
Agency hopes housing prices in Macau won’t drop over 20 pct this year

Agency hopes housing prices in Macau won’t drop over 20 pct this year

Housing prices dropped 22 percent last year and without anything expected to stimulate the local economy, the local office of Hong Kong estate agency Centaline Property said that it hoped the drop in property prices won’t exceed 20 percent this year. Centaline (Macau) Property Agency Director Jacky Shek Pou Tak and Senior Regional Sales Director […]
Fewer Macau youths gamble

Fewer Macau youths gamble

A survey conducted by the Bosco Youth Service Network (BYS) between September and December last year shows that 34.3 percent of the surveyed youths aged 14 to 21 gambled last year, down from 48 percent a year ago. The survey also reveals that 1.5 percent of local youths display symptoms of gambling disorders, a 1.5 […]
Macau top gaming inspector vows to minimise negative impact of gambling

Macau top gaming inspector vows to minimise negative impact of gambling

Responding to a resident’s comment that “gambling is 90 percent a scam”, newly appointed Gaming Inspection and Co-ordination Bureau (DICJ) Director Paulo Martins Chan said that the government would do its best to minimise any possible negative impact that the gaming industry may have on civil society. The director, who took up his position last […]
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