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Macau GDP shrinks 13.3 per cent in Q1

Macau GDP shrinks 13.3 per cent in Q1

Macau’s gross domestic product (GDP) shrank by 13.3 per cent year-on-year in real terms in the first quarter, the Statistics and Census Bureau (DSEC) said in a statement on Monday. The bureau attributed the decrease in the city’s economic output mainly to “the continuous decline in exports of services and decrease in investment.” According to […]
Casino crimes rise 56 per cent in Q1

Casino crimes rise 56 per cent in Q1

Secretary for Security Wong Sio Chak said on Monday that the number of gaming-related crimes rose by 55.9 per cent year-on-year in the first quarter of the year. Wong announced the city’s crime figures for the first three months of the year during a press conference at his office in Cotai. According to Wong, gaming-related […]
Casino staff want their opinions heard over mid-term review

Casino staff want their opinions heard over mid-term review

Gaming staff have accused the government of leaving them out of the drafting of Macau’s mid-term gaming review. They also call on casino operators to take on more social responsibilities such as providing vocational training and promotion opportunities. Macau’s mid-term gaming review was finally released earlier this month. The long-waited report analyses the strengths and […]
Macau’s inflation slows to 3.02 per cent in April

Macau’s inflation slows to 3.02 per cent in April

Macau’s composite consumer price index (CPI) rose by 3.02 per cent year-on-year last month, down by 0.29 percentage points from the 3.31 per cent growth in March, the Statistics and Census Bureau (DSEC) announced on Tuesday. For the 12 months ended in April 2016, the average composite CPI rose by 4.09 per cent from the […]
Macau unionist urges integration of festivals and non-gaming attractions

Macau unionist urges integration of festivals and non-gaming attractions

Macau’s six gaming operators should integrate the promotion of their non-gaming attractions with the city’s festivals and major annual events such as the Macau Grand Prix, Leong Sun Iok, a vice-president of the Macau Federation of Trade Unions, said last Sunday. Leong, who heads the Gaming Employees Home, a subsidiary of the federation, spoke to […]
Businesspeople argue that human resource development is “fundamental” for Mozambique

Businesspeople argue that human resource development is “fundamental” for Mozambique

Mozambique needs to develop its human resources, without forgetting the capital needed to implement projects, said Thursday in Beijing the Director-General of Mozambique’s Investment Promotion Centre. Lourenço Sambo was speaking during a session to present business opportunities in Mozambique, held in Beijing, and was part of a state visit by the President of Mozambique, Filipe Jacinto Nyusi. […]
Macau government contemplates banning dealers from gambling in casinos

Macau government contemplates banning dealers from gambling in casinos

The Gaming Inspection and Co-ordination Bureau (DICJ) will start studying before the end of the year whether local dealers – also known as croupiers – should be barred from gambling in local casinos, DICJ Director Paulo Martins Chan said on Wednesday. Chan made the remarks after attending a phone-in programme hosted by Ou Mun Tin Toi, the Chinese-language radio […]
Macau’s residential property prices fall 4.2 per cent in Q1

Macau’s residential property prices fall 4.2 per cent in Q1

The average price of residential units decreased by 4.2 per cent quarter-to-quarter to 72,955 patacas per square metre of usable area in the first quarter, the Statistics and Census Bureau (DSEC) announced on Tuesday. The average price of pre-sale residential units dropped by 8.9 per cent to 94,165 patacas per square metre. The average price […]
G2E Asia 2016 in Macau highlights iGaming Zone

G2E Asia 2016 in Macau highlights iGaming Zone

The G2E Asia 2016 Conference commenced Tuesday at The Venetian, welcoming over 180 exhibitors, 800 VIPs, and buyers from across the globe. The event’s opening ceremony brought together local government, business organizations, and representatives of the international gaming industry. This year’s exhibition will be highlighting the fast-growing iGaming Zone, which has attracted more than double the […]
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