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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 […]
New Macau Grand Prix museum to open in 2018

New Macau Grand Prix museum to open in 2018

The Secretary for Social Affairs and Culture, Alexis Tam said last week that the new Grand Prix museum would open to the public in November 2018, on the 65th anniversary of the Macau Grand Prix. The new museum will be housed at the Tourism Activities Centre building, in the Leal Senado Square, Macao’s city center […]
Macau and Hong Kong sign CEPA agreement

Macau and Hong Kong sign CEPA agreement

The ninth Hong Kong-Macau Cooperation High Level Meeting was held in Macau on Friday. Both Hong Kong and Macau initiated the Closer Economic Partnership Arrangement Between Hong Kong and Macau (HK-Macau CEPA) during the meeting, according to a statement from the Government Information Bureau (GCS). The Secretary for Economy and Finance, Lionel Leong Vai Tac, […]
Proposal to reinterpret Macau’s Land Law’s articles rejected

Proposal to reinterpret Macau’s Land Law’s articles rejected

The president of the Legislative Assembly (AL), Ho Iat Seng, revealed on Thursday that the proposal to add a so-called “interpretative note” to the Land Law, submitted to the assembly by lawmaker Gabriel Tong, has already been rejected by the board. The assembly’s board, which consists of the president and vice-president of the AL and […]
JLL says Macau property prices ‘already’ hit bottom

JLL says Macau property prices ‘already’ hit bottom

Property prices have “already” hit rock bottom but there won’t be a sharp rebound unless the city’s infrastructure and the economy are improved, Jones Lang LaSalle (JLL) Macau’s residential property chief Jeff Wong Chi Wai said on Thursday. Wong made the comments during a media briefing at his office about the global real estate services firm’s Macau […]
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