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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 […]
Macau currency to be used in Hengqin

Macau currency to be used in Hengqin

Mainland authorities are striving to draw up a preliminary scheme within the year that would allow local currency to be used in Hengqin before they move to seek approval from the Chinese central bank. This information was revealed by Hengqin New Area Administrative Committee director Niu Jing on the sidelines of a session exploring financial […]
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 vows to improve supervision of gaming industry

Macau Secretary for Economy and Finance vows to improve supervision of gaming industry

Secretary for Economy and Finance Lionel Leong Vai Tac said in a statement from Guangdong on Monday that the local government will continue looking into the case of a local VIP room employee suspected of embezzlement, pledging that the government will further improve its supervision of the city’s gaming sector considering its vital importance to […]
EIU predicts Macau’s real GDP will contract 21% this year

EIU predicts Macau’s real GDP will contract 21% this year

Macau’s real GDP in 2015 will probably contract sharply by 21% as the anti-corruption campaign in China will continue in 2015-16, according to the Economist Intelligence Unit (EIU) latest report. In this report, dated 21st of September, EIU analysts predict spending in Macau’s casinos will probably begin to expand again by the last few months […]
Macau Inflation eases to 4.64 percent

Macau Inflation eases to 4.64 percent

Macau’s composite consumer price index (CPI) rose 4.64 percent year-on-year last month, the Statistic and Census Bureau (DSEC) said in a statement on Monday. According to a DSEC statement, inflation has eased continuously since May, with last month’s rate dropping further by 012 percent-age points from July, when growth stood at 4.76 percent. Last month’s […]
Macau Secretary for Economy and Finance vows to improve supervision of gaming industry

Macau Secretary for Economy and Finance vows to improve supervision of gaming industry

Secretary for Economy and Finance Lionel Leong Vai Tac said in a statement from Guangdong on Monday that the local government will continue looking into the case of a local VIP room employee suspected of embezzlement, pledging that the government will further improve its supervision of the city’s gaming sector considering its vital importance to […]
Macau casino operator Melco launches bachelor’s degree course for staff

Macau casino operator Melco launches bachelor’s degree course for staff

Melco Crown Entertainment (MCE) has launched an in-house bachelor’s degree programme for employees. The gaming operator formally started the “MCE You-niversity” with an announcement ceremony at Grand Hyatt Macau on Friday. According to an MCE statement, the degree course complements the company’s “whole person development programme for employees who have yet to achieve a university […]
Dore depositors protest outside Wynn Macau again

Dore depositors protest outside Wynn Macau again

About a dozen investors in local junket operator Dore Entertainment Company protested on Sunday outside the Wynn Macau casino in Nape and demanded the junket company return their interest-bearing deposits, which total at least HK$700 million between them, according to some of the investors. Depositors started gathering outside the Wynn casino in Nape at about […]
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