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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 […]
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 […]
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