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Wynn hopes business will pick up by year-end

Wynn hopes business will pick up by year-end

Wynn Resorts Macau Executive Director Linda Chen told reporters yesterday she expects gaming industry revenue to stabilise this year and hopes that there will be a slight rebound by the end of the year. Chen made the comments at Wynn Macau where she attended the opening of a business matching session with local small- and […]
IMF says Macau economy to contract 7.2 per cent in 2016

IMF says Macau economy to contract 7.2 per cent in 2016

The International Monetary Fund (IMF) forecast Macau SAR’s economy to contract 7.2% for 2016 and to resume a positive growth of 0.7% for 2017 informed the Monetary Authority of Macau on Wednesday. The international organisation indicated that Macau SAR’s inflation to linger around 3.0% and its unemployment rate to stay at a low level of […]
Hainan wants more co-operation with Macau

Hainan wants more co-operation with Macau

Hainan and Macau have many different and complementary strengths, Liu Cigui, governor of the nation’s southernmost province, said on Monday, adding that the two sides should step up their co-operation in various spheres such as tourism. “We attach great importance to Macau and are grateful for Macau businesspeople’s long-term contribution to Hainan. Currently there are […]
Macau Airport Q1 passenger traffic rises 20%

Macau Airport Q1 passenger traffic rises 20%

Macau International Airport reported its passenger traffic rose 20% compared to a year ago to a more than 1.6 million passengers in the first quarter this year, or 18,000 passengers daily. The airport handled more than 14,000 flights (departure and arrival), a rise of 7% year-on-year. During the four-day Easter Holidays, the airport handled more […]
New Macau Economic Bureau official vows to boost ‘community-based economies’

New Macau Economic Bureau official vows to boost ‘community-based economies’

Newly-appointed Economic Services Bureau (DSE) Director Tai Kin Ip said on Tuesday his bureau would do more to boost “community-based economies” by providing support to small- and medium-sized enterprises (SMEs) and improving the business environment. Tai made the pledge after the swearing-in ceremony for his new post at the Bank of China Building in Nam […]
Macau casino’s revenue decline in Q1 ‘expected’

Macau casino’s revenue decline in Q1 ‘expected’

Secretary for Economy and Finance Lionel Leong Vai Tac said on Tuesday the 13.3 percent year-on-year decrease in the city’s casino revenue in the first quarter was what the government had expected. The Gaming and Inspection Co-ordination Bureau (DCIJ) announced on Friday that the casino sector’s gross revenue fell 13.3 percent year-on-year to 56.17 billion […]
Casino revenue in Macau drops 16.3 pct in March

Casino revenue in Macau drops 16.3 pct in March

Macau’s casino revenue fell more than analysts’ predictions last month as mainland gamblers vanished after February’s week-long Chinese New Year holiday. Gross gaming revenue (GGR) decreased 16.3 percent year-on-year to 17.98 billion patacas, the Gaming Inspection and Co-ordination Bureau (DICJ) announced on Friday, marking 22 consecutive months of declines. That compares with the median forecasts […]
Mainland-Macau trade down in Jan-Feb

Mainland-Macau trade down in Jan-Feb

Trade between the Chinese mainland and Macau totalled 460 million U.S. dollars in the first two months of this year, down 32 percent year on year, according to data from the Ministry of Commerce (MOC). Mainland exports to Macau stood at 440 million U.S. dollars, decreasing by 31.2 percent year on year. Imports from the […]
Macau mobile phone imports fell 50 per cent in Jan-Feb

Macau mobile phone imports fell 50 per cent in Jan-Feb

Macau’s imports of mobile phones fell by 50.2 per cent year-on-year to 1.009 billion patacas in the first two months, the Statistics and Census Bureau (DSEC) announced on Thursday. Imports of watches dropped by 36.4 per cent to 758 million patacas. Gold jewellery imports declined by 19.7 per cent to 1.07 billion patacas. Imports of […]
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