Secretary for Economy and Finance Lionel Leong says the government is confident that Macau’s economy will record “modest” growth this year. Macau’s economy in the first half of last year continued the downward trend seen in 2015, the second half of 2016 recorded a “relatively stable” performance.
Business
The final costs of construction for the Hong Kong-Zhuhai-Macau bridge will exceed the original estimated budget. The three governments will now have to chip in on a proportional basis to make up for the difference.
The number of personal credit cards issued, directly or indirectly, by credit institutions in Macau reached 1.06 million.
The International Institute of Macau has launched the book “Pearl River Delta – From World Factory to Global Innovator,” with the aim of analysing the economic future of the Pearl River Delta region of southern China.
Gross gaming receipts rose 3.1 per cent to MOP19.3 billion (USD2.4 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau on Wednesday.
Wynn Resorts has reported a 30.5 per cent year-on-year rise in net income for the fourth quarter of 2016, attributed to strong revenue from Wynn Palace, and offset by decreased earnings from Wynn Macau.
Adjusted EBITDA for Sands China Ltd. (SCL) was US$610 million, an increase of 5 per cent against prior year’s fourth quarter, SCL announced today on the Hong Kong Stock Exchange.
Secretary for Economy and Finance Lionel Leong Vai Tac declined on Wednesday to say whether the government could keep its promise that the city’s law on a statutory minimum wage for all workers will finally be implemented in 2019.
The total number of licensed gaming junkets fell from 141 in January 2016 to 126 at the start of this year, according to the Gaming Inspection and Coordination Bureau (DICJ), marking a decline of 10.6 per cent over the course of 12 months.