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Canidrome to relocate or shut down its operations by 2018

Canidrome to relocate or shut down its operations by 2018

The Macau government has ordered Macau (Yut Yuen) Canidrome Co Ltd. to relocate its greyhound racing track or shut down its operations within the next two years. The racing track is located in the northern area of the Macau peninsula. A press release issued today by the Gaming Inspection and Coordination Bureau (DICJ) states that […]
Macau’s June annual inflation continues to slow

Macau’s June annual inflation continues to slow

Annual inflation in Macau in June continued to slow down, posting an increase of 2.26 per cent year on year, or a decrease of 0.38 percentage points compared to May, reported the city’s Statistics and Census Bureau. Growth in June was mainly due mainly to rising car park rates as well as the prices of […]
Spending on public projects boosts Macau’s competitiveness

Spending on public projects boosts Macau’s competitiveness

Chief Executive Fernando Chui Sai On said on Wednesday that the development of public infrastructure did help enhance the city’s competitiveness in the long term. Chui also said he was still considering whether to add the proposed renovation of the Grand Prix Museum to his policy address for next year. Chui spoke to reporters at […]
Macau and China add protocol to the agreement to avoid double taxation

Macau and China add protocol to the agreement to avoid double taxation

The Macau Special Administrative Region (MSAR) and China’s State Administration of Taxation in Beijing signed an additional protocol to the agreement to avoid double taxation and prevent tax evasion, officials said in Macau. The Additional Protocol, the third, according to the statement released by the Office of the Secretary for Economy and Finance includes reducing […]
VIP baccarat is the main source of revenue from Macau’s casinos in 1st half

VIP baccarat is the main source of revenue from Macau’s casinos in 1st half

VIP baccarat remained the main source of gross revenue from Macau casinos in the first half of 2016, according to data released Monday by the Gaming Inspection and Coordination Bureau. Gross revenue from Macau casinos amounted to MOP 107.787 billion (US$13.473 billion), and revenues from VIP baccarat totalled MOP 56.980 billion (US$7.1225 billion), accounting for […]
Macau Liaison office has new chief

Macau Liaison office has new chief

The Liaison Office of the Central People’s Government in Macau said in a statement on Tuesday that the State Council has appointed Wang Zhimin as director of the Liaison Office, replacing Li Gang as the central government’s top official posted to Macau. According to the statement, Wang, aged 59, was born in Fujian’s Xianyou county. […]
Macau’s first cultural and creative mall to open end of 2016

Macau’s first cultural and creative mall to open end of 2016

Macau’s first cultural and creative focused mall that is located on Rua do Campo will have a soft opening next month and will be fully functioning by the end of the year. Gathering and bringing together the city’s artists and creative spirits is the main goal for the head director of the mall, Window Lei. […]
2016 Macau Grand Prix to cost MOP 200 million

2016 Macau Grand Prix to cost MOP 200 million

The budget for the Macau Grand Prix this year is around MOP 200 million, around the same as last year, Sports Bureau (ID) President Pun Weng Kun said during a press conference at Macau Tower on Monday. Pun spoke to reporters about the 63rd Grand Prix after signing an agreement with Suncity Group to sponsor […]
Macau police probe MOP 56 million-investment scam

Macau police probe MOP 56 million-investment scam

The Judiciary Police (PJ) said they are investigating a suspected fraud case involving a local investment company and at least 53 victims who lost a total of MOP 56.54 million, on Monday. PJ spokesman Choi Ian Fai announced the city’s latest scam at a regular press briefing. Choi said that the 53 people – 48 local residents […]
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