The new policy will see the duty-free threshold increase to 12,000 yuan, although the limit can be raised to 15,000 if a visitor shops at stores located at border crossings
Business
As smart tables become increasingly common in Macao’s casinos, distribution of gross gaming revenue will change, according to a new study
The gaming operator’s new management intends to revitalise the company with a greater focus on global investment and mass market appeal
Macao’s real estate market saw a rise in both sales and property prices in May, a month after the axing of punitive duties intended to curb speculation
The nine-storey shopping centre will house luxury retailers such as the DFS Group and will also feature dining options in its underground floors
Five-star hotels performed the best, posting an average occupancy rate of 85.3 percent, several points higher than four-star hotels at 79.7 percent
Seaport Research Partners forecasts that casino operators’ collective non-gaming revenue will total US$4.9 billion this year, and US$5.3 billion in 2025
STDM has been granted a 60-month concession on the basis it will pay the government 18 percent of pre-tax profits from terminal operations
A senior company official says it will retain its current branding even as it expands its reach beyond Macao’s borders