Chief Executive Fernando Chui Sai On said on Thursday that the government would consider building social, cultural, sports and recreation facilities on the plot of land currently leased by Macau Yat Yuen Canidrome Co. Ltd. for its controversial greyhound races, according to a statement by the Office of the Chief Executive (GCE).
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Macau-based Banco National Ultramarino (BNU) officially inaugurated its Hengqin branch, becoming Macau’s first local incorporated bank to open a branch in the mainland.
Local airport operator CAM said on Wednesday that it would push ahead with developing more facilities at the airport, to cope with the rising number of passengers for the next two decades.
Mass market baccarat ended 2016 with an increase in gross revenue while the mainstay of Macau casinos, VIP baccarat, saw a year on year decline, according to figures released by the region’s Gaming Inspection and Coordination Bureau (DICJ).
Secretary for Economy and Finance Lionel Leong Vai Tac said on Tuesday that the gaming tax rate was not the only factor in determining the local gaming industry’s competitiveness.
Leong made the remarks on the sidelines of a press conference at the Macau Chamber of Commerce about local gaming operators’ procurement partnerships with small- and medium-sized enterprises (SMEs).
Lawmakers passed on Tuesday a motion by lawmaker-cum-unionist Jose Pereira Coutinho to express the legislature’s deep sorrow over the demise of former Portuguese president Mário Soares who passed away in Lisbon on January 7, aged 92.
Discussion over gaming tax rates in Macau has prompted the director of the Gaming Inspection and Coordination Bureau (DICJ) to announce the possibility of amending existing casino taxation laws. Such an amendment would occur before the casino license renewal period due in the next decade.
Local think tank Collective Wisdom Policy Centre on Monday slammed the government for failing to come up with plans and concrete measures to achieve its objective of transforming Macau into a smart city.
The government laid out a string of plans and measures aiming to convert Macau into a smart city in the long term, in its first-ever Five-Year Development Plan, which was released in September last year.
Judiciary Police (PJ) Director Chau Wai Kuong said on Monday that drug-dealing cases recorded by his criminal investigation force rose to 122 last year from 85 in 2015, an increase of 43.5 per cent.
Chau revealed the figure during a Chinese New Year gathering and lunch for the media at the PJ headquarters in Zape.