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Macau’s gambling revenue growth best in 20 months

Macau’s gambling revenue growth best in 20 months

Macau on Tuesday (Mar 1) posted its best monthly gambling revenue performance since October last year and the smallest drop in growth in 20 months as an increase in Lunar New Year tourists boosted the world’s largest casino hub. Macau’s economy, which relies on the casino industry for over 80 per cent of government revenues, […]
MICE statistics of Macau shown increase of events in Q4

MICE statistics of Macau shown increase of events in Q4

According to a Statistics and Census Service (DSEC) report, a total of 239 MICE events were held during the fourth quarter of 2015. This is an increase of six year-on-year. In the same period, the number of meetings and conferences increased by 13, while that of exhibitions decreased by seven. The total number of participants […]
Macau wants to attract more conventions and exhibitions from the Asia-Pacific region

Macau wants to attract more conventions and exhibitions from the Asia-Pacific region

The Macau Trade and Investment Promotion Institute (IPIM) attended the “Asia-Pacific Incentives and Meetings Expo 2016″ (AIME 2016) which ended Wednesday in Melbourne, Australia, in order to attract more conventions and exhibitions from the Asia-Pacific region to Macau. The mission organised by IPIM, which since January has been responsible for coordination and external promotion of […]
Macau airport to stay more convenient than Hong Kong

Macau airport to stay more convenient than Hong Kong

The chairman of the executive committee of the Macau International Airport Company Ltd. (CAM), Dr Deng Jun, led a delegation to pay a visit to the Civil Aviation Authority of Macau (AACM), where they discussed with Simon Chan, president of AACM, how to enhance cooperation between the two organizations. According to a press statement from […]
SJM records in Macau a 38.7 percent fall in revenue

SJM records in Macau a 38.7 percent fall in revenue

SJM Holdings Ltd. announced yesterday its audited consolidated annual results of the company and its subsidiaries for the year ending Dec. 31, 2015. Gaming revenue for the group amounted to HKD48.59 billion, a 38.7 percent fall over 2014, which recorded almost HKD79.27 billion in revenues. According to a statement issued by SJM, last year the […]
Gaming firms launch ‘Macau Loves Locals’ discounts

Gaming firms launch ‘Macau Loves Locals’ discounts

The city’s six gaming operators started yesterday an over month-long discount promotion campaign titled “Macau Loves Locals” during which locals can enjoy various discounts on non-gaming offerings such as dining out, hotel rooms, shows and other kinds of entertainment. The campaign expires at the end of next month. Generally speaking, the discounts range from 20 […]
Guangzhou’s development plan to pursue closer economic integration with Macau and Hong Kong

Guangzhou’s development plan to pursue closer economic integration with Macau and Hong Kong

Last week, Beijing approved Guangzhou’s ambitious plans to become an international trade center and regional transportation hub by 2020, but urged Guangzhou authorities to pursue closer economic integration with Macau and Hong Kong. China’s State Council urged authorities to focus on improving infrastructure in the Pearl River Delta by integrating road, port, rail and air […]
Gaming-related crimes in Macau rise 38 pct in 2015

Gaming-related crimes in Macau rise 38 pct in 2015

The Judiciary Police (PJ) recorded 1,553 gaming-related crimes in 2015, a year-on-year increase of 38 percent, Secretary for Security Wong Sio Chak announced on Monday. Addressing a press conference at his office in Cotai to announce last year’s crime figures, the policy secretary said that last year’s total number of crimes dropped 2.6 percent year-on-year […]
Property prices in Macau drop 13 percent in 2015

Property prices in Macau drop 13 percent in 2015

The average price of residential units in 2015 dropped by 13 percent year-on-year to 86,826 patacas per square metre of usable area, the Statistics and Census Bureau (DSEC) announced on Wednesday. The average price per square metre of usable area of pre-sale residential units fell by 23.5 percent to 119,526 patacas, while the average price […]
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