Menu
Subscribe
Menu
Subscribe
Menu

Business

Wynn Macau to move 250 gaming tables from Nape to Cotai

Wynn Macau to move 250 gaming tables from Nape to Cotai

Wynn Macau announced on Monday that it has got permission from the Gaming Inspection and Co-ordination Bureau (DICJ) to transfer 250 gaming tables from its casino-hotel complex in Nape to Wynn Palace in Cotai. The US gaming company headed by Steve Wynn made the announcement in a statement to the Hong Kong Stock Exchange. According […]
New Secretary-General of the Permanent Secretariat of Forum Macau takes office

New Secretary-General of the Permanent Secretariat of Forum Macau takes office

The new Secretary-General of the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macau) took office on Thursday. Xu Yingzhen served for several years as Commercial Counsellor of the Department of American and Oceanian Affairs of the Ministry of Commerce of China (equivalent to Director-General level). Xu replaced Chang […]
So says Grand Lisboa Palace to open in 2018 in Macau

So says Grand Lisboa Palace to open in 2018 in Macau

SJM Chairman Ambrose So Shu Fai said that the construction of Grand Lisboa Palace in Cotai was expected to be completed by the end of next year, ready for its official opening in 2018. So made the remarks while speaking to reporters on the sidelines of attending the gaming company’s annual scholarship awards event, which […]
Sociedade de Jogos de Macau casino revenue falls 20.7 per cent

Sociedade de Jogos de Macau casino revenue falls 20.7 per cent

SJM said in a statement yesterday that it’s gaming revenue decreased by 20.7 per cent to HK$20.88 billion. Total revenue dropped by 20.6 per cent to HK$21.13 billion. Adjusted EBITDA fell by 27.8 per cent to HK$1.63 billion. Profit attributable to the owners of the company decreased by 38.7 per cent to HK$1.09 billion. The company’s […]
Macau Monetary Authority: Economy to stabilise next year

Macau Monetary Authority: Economy to stabilise next year

A Monetary and Financial Stability Review compiled by the Monetary Authority indicates that Macau’s economy is back on track and could resume growth already next year. “Macau SAR’s current economic adjustment is cyclical, and the sign of bottoming-out is looming. Economic contraction is likely to continue through 2016 but the degree is narrowing as mainly […]
BNU Macau concludes first six months with net results up 17 per cent

BNU Macau concludes first six months with net results up 17 per cent

Banco Nacional Ultramarino (BNU Macau) concluded the first half of 2016 with year-on-year growth of 17 percent in net results, which amounted to MOP278.57 million (US$34.8 million), said chief executive officer Pedro Cardoso. Cardoso told Macauhub on Monday that all key banking business indicators showed improvements when half-years were compared. He highlighted, for example, the […]
Macau casino gambling revenue shrinks 4.5 per cent in July

Macau casino gambling revenue shrinks 4.5 per cent in July

Macau’s gross gaming revenue in July recorded a monthly decline of 4.5 per cent, amounting to MOP17.8 billion (US$2.2 billion), according to data released from the Gaming Inspection and Coordination Bureau (DICJ), the city’s gaming regulator. July’s gross gaming revenue fell less than the estimated percentage of 5.5 per cent, as the summer holidays brought more tourists […]
Macau’s imports dropped by 21.1 per cent in H1

Macau’s imports dropped by 21.1 per cent in H1

Macau’s imports of cars and motorcycles shrank by 56.7 per cent to MOP593 million in the first half of the year, the Statistics and Census Bureau (DSEC) has announced. Imports of watches dropped by 41.6 per cent year-on-year to MOP1.95 billion in the first half of the year. Mobile phone imports decreased by 47.6 per […]
Sands hopes to get more gaming tables for Parisian in Macau

Sands hopes to get more gaming tables for Parisian in Macau

Sands China President Wilfred Wong Ying Wai said Tuesday he hopes the government will give the company more gaming tables for The Parisian resort considering how much it has invested in the non-gaming elements there. Wong made the comments while speaking to reporters after announcing at the half-scale replica of the Eiffel Tower in Cotai that The […]
«‹ 316 317 318 319›»