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Macau Trade and Investment Promotion Institute to take over MICE support

Macau Trade and Investment Promotion Institute to take over MICE support

Macau Trade and Investment Promotion Institute (IPIM) Acting President Irene Lau Kuan Va said on Tuesday that her institute will be taking over the support for the city’s MICE sector from the Macau Economic Bureau (DSE) in November. Lau said the government hoped to make its support for the MICE sector more efficient through the […]
Centaline sees no further drop in housing prices

Centaline sees no further drop in housing prices

Sales and rental prices for shop units and office and industrial building spaces have continued to drop but housing prices will not go further down with prices returning to the level they were at the start of the year, Centaline (Macau) Property Agency Director Jacky Shek Pou Tak predicted on Tuesday. Shek made the forecast […]
Macau asks Beijing to let it manage coastal waters

Macau asks Beijing to let it manage coastal waters

The Macau government has lodged a formal application with the central government on the management of Macau’s “customary” coastal waters, Chief Executive Fernando Chui Sai On said on Monday. Chui spoke to reporters at the airport before heading to Zhoushan city in Zhejiang province for a two-day working visit along with senior officials including Secretary […]
Macau asks Beijing to let it manage coastal waters

Macau asks Beijing to let it manage coastal waters

The Macau government has lodged a formal application with the central government on the management of Macau’s “customary” coastal waters, Chief Executive Fernando Chui Sai On said on Monday. Chui spoke to reporters at the airport before heading to Zhoushan city in Zhejiang province for a two-day working visit along with senior officials including Secretary […]
Macau total smoking ban may pare casino revenue by up to 4.6 percent

Macau total smoking ban may pare casino revenue by up to 4.6 percent

The Health Bureau (SSM) says in a statement it estimates that the city’s gaming revenue would be reduced by up to 4.6 percent if a blanket ban on smoking in all gaming venues was implemented, adding that it had taken a preliminary assessment conducted by the Gaming Inspection and Co-ordination Bureau (DICJ) as a reference. […]
Macau total smoking ban may pare casino revenue by up to 4.6 percent

Macau total smoking ban may pare casino revenue by up to 4.6 percent

The Health Bureau (SSM) says in a statement it estimates that the city’s gaming revenue would be reduced by up to 4.6 percent if a blanket ban on smoking in all gaming venues was implemented, adding that it had taken a preliminary assessment conducted by the Gaming Inspection and Co-ordination Bureau (DICJ) as a reference. […]
Macau government changes Studio City’s land lease to 4-star hotel

Macau government changes Studio City’s land lease to 4-star hotel

According to the Official Gazette (BO) on Wednesday, Secretary for Transport and Public Works Raimundo do Rosário has given the green light to MelcoCrown Entertainment’s (MCE) request to change the land-use purpose of Studio City in Cotai from its original 5-star to 4-star hotel status. The plot of land, which covers an area of 130,789 […]
Macau real estate developer arrested in the U.S.

Macau real estate developer arrested in the U.S.

Authorities in the U.S. arrested Macau real estate developer Ng Lap Seng on Saturday. Alongside his assistant, Jeff Yin, Mr Ng was charged with engaging in a two-year scheme to import over USD4.5 million into the United States under false pretenses. Reuters has reported that both man were informed of the accusations through a criminal […]
Macau Secretary for Economy and Finance meets gaming operators

Macau Secretary for Economy and Finance meets gaming operators

The Secretary for Economy and Finance, Lionel Leong, has exchanged views with gaming operators on how to maintain economic vitality, enhance Macau’s competitiveness, stabilize the job market and strengthen social responsibility in the sector. According to a statement from Mr Leong issued by the Government Information Bureau, the government has always been concerned with the […]
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