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MGM China revenue drops in 3Q but EBITDA margin improves

MGM China revenue drops in 3Q but EBITDA margin improves

MGM China announced on Thursday in a statement to the Hong Kong Stock Exchange that its net revenue fell 33 percent year-on-year to US$529 million in the third quarter. Main floor table games revenue dropped 30 percent year-on-year. VIP table games revenue decreased 39 percent year-on-year due to a decrease in VIP table games turnover […]
New Ministry of Foreign Affairs commissioner pledges to serve Macau ‘wholeheartedly’

New Ministry of Foreign Affairs commissioner pledges to serve Macau ‘wholeheartedly’

Newly appointed Commissioner of the Ministry of Foreign Affairs (MFA) in Macau Ye Dabo said he would lead his staff in implementing the “One Country, Two Systems” principle and the Macau Basic Law, pledging to serve “wholeheartedly” the city’s development and local compatriots. The commissioner’s office hosted a reception on Thursday to introduce Ye to […]
Macau Customs Service catch more people trying to cross border illegaly

Macau Customs Service catch more people trying to cross border illegaly

The number of illegal immigrants intercepted by Macau Customs Service sea patrols increased by 12.46 percent year-on-year from January to September, the head of Maritime Enforcement Department, Leong Wa Kan, revealed on Thursday morning in a presentation to media representatives. The total figures show that until September, the Maritime Enforcement Department registered a total of […]
Macau Customs Service catch more people trying to cross border illegaly

Macau Customs Service catch more people trying to cross border illegaly

The number of illegal immigrants intercepted by Macau Customs Service sea patrols increased by 12.46 percent year-on-year from January to September, the head of Maritime Enforcement Department, Leong Wa Kan, revealed on Thursday morning in a presentation to media representatives. The total figures show that until September, the Maritime Enforcement Department registered a total of […]
New Ministry of Foreign Affairs commissioner pledges to serve Macau ‘wholeheartedly’

New Ministry of Foreign Affairs commissioner pledges to serve Macau ‘wholeheartedly’

Newly appointed Commissioner of the Ministry of Foreign Affairs (MFA) in Macau Ye Dabo said he would lead his staff in implementing the “One Country, Two Systems” principle and the Macau Basic Law, pledging to serve “wholeheartedly” the city’s development and local compatriots. The commissioner’s office hosted a reception on Thursday to introduce Ye to […]
Director-General of Macau’s Customs Service dies in undisclosed circumstances

Director-General of Macau’s Customs Service dies in undisclosed circumstances

The Chief Executive of Macau, Chui Sai On, has said that the Director-General of the Customs Service, Lai Man Wa, died on Friday October 30, 2015. Lai Man Wa was one of the principal officials of the Macau Special Administrative Region government and was appointed to the Director-General position in December 2014. The Secretary for […]
Manuel das Neves to leave Macau Gaming Inspection Bureau

Manuel das Neves to leave Macau Gaming Inspection Bureau

Manuel Joaquim das Neves will relinquish his position as the Gaming Inspection and Coordination Bureau (DICJ) director. After leading the bureau for 18 years and working as a civil servant for 31 years, Manuel Neves revealed to TDM that he intends “to take a break” and “devote more time to family and leisure.” Questioned about […]
Macau unemployment rate remains stable

Macau unemployment rate remains stable

The unemployment rate for the July-September period has remained stable with little change compared with the June-August period, according to data from the government. The unemployment rate remained at 1.9 percent, with the number of unemployed up by 100 to 7,600 persons. Of the total labor force of 402,500, labor force participation also remained at […]
Laurence Ho says shift to Macau’s mass market ‘likely permanent’

Laurence Ho says shift to Macau’s mass market ‘likely permanent’

The drop in gaming revenues in the last 18 months has brought changes to local casinos’ high-roller market, Melco Crown Entertainment (MCE) Co-chairman and CEO Lawrence Ho Yau Lung said on Tuesday, adding that the shift from the high-rolling VIP to the mass market was “likely to be a permanent one.” “There has been a […]
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