Gaming operator MGM China reported a total revenue of HKD14.9 billion for the 2016 financial year. In the year under review, MGM China recorded an EBITDA of HKD4.5 billion, a slight dip from HKD4.7 billion in 2015.
News
Melco Crown Entertainment Ltd. reported its unaudited financial results for the fourth quarter and for the full year ending December 31, 2016. The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to almost USD1,193.
Macao Water Executive Director Nacky Kuan Sio Peng said on Wednesday that construction of the Seac Pai Van water treatment plant was slated to start in the middle of this year, adding that the facility is planned to be operational in 2019.
Chief Executive Chui Sai On has appointed Cultural Affairs Bureau (IC) vice president Leung Hio Ming as the bureau’s president for a two-year term, effective from today according to Wednesday’s Official Gazette.
The International Monetary Fund (IMF) has revised its forecast on Macau’s 2017 GDP growth rate for this year to 2.8 percent from its previous forecast of 0.2 percent.
Banco Nacional Ultramarino (BNU) announced on Tuesday its unaudited financial results for 2016, recording a 9.8 percent increase in net income to MOP560.5 million for the year.
Legislative Assembly (AL) President Ho Iat Seng said on Wednesday that he was confident that the bills which are being reviewed in the legislature’s standing committees can be resubmitted to the legislature’s plenum for their final article-by-article votes.
Pousada de São Tiago will temporarily close from March 31st and remain closed until the construction of the Barra Transport Complex is completed, SJM Managing Director and Chief Administrative Officer Angela Leong On Kei said on Tuesday.
Research findings show that 60 percent of Macau’s casino workers think that a full smoking ban in casinos would have a positive impact on them.