Prosecutor alleges Chau caused Macao to lose HK$8.26 billion in tax revenue; 48-year-old former CEO points finger of blame at fellow defendant, Cheong Chi Kin.
Malaysia-based GMM Limited makes last-minute submission; bidders for 10-year concession to present full proposals to authorities at weekend.
Last month’s figure up by more than five times month-on-month as city begins to recover from its worst Covid-19 outbreak and visitor arrivals start to pick up again.
Illegal smokers hit with MOP 1,500 fines in restaurants, parks and casinos; shopkeepers also penalised for selling e-cigarettes or violating regulations.
Legislative Assembly committee has finished point-by-point review of new junket bill, final debate likely to be held in November.
Last month’s figure drops by 25.9 per cent month-on-month as city fights its worst Covid-19 outbreak, leaving Macao almost empty of visitors.
As well as negative 48-hour NATs, workers must undertake RAT before starting work; casino patrons also required to show NAT result.
Receipts just MOP 23.79 billion for first five months of the year, whereas government had predicted MOP 130 billion for whole of 2022.
Macao’s total gross gaming revenue in the first five months decreased by 44 per cent year-on-year to MOP 23.79 billion.
Lawmakers drill down on final detail as bill to reshape gaming industry heads toward Legislative Assembly on 26 June.
Committee chairman Chan Chak Mo says two more meetings required to go through nitty gritty of proposed new junket regulations.
Standing Committee will review terms at least twice more before agreeing final wording and penalties with government officials.
Major industry players step back in the run-up to new laws which aim to clean up gaming and protect Macao’s image as an international leisure destination.
Numerous Covid-19 outbreaks in mainland China and lockdowns take a toll on the city’s gaming industry and government coffers.
Taking illegal deposits could land offenders in prison for up to five years, once Legislative Assembly passes proposed bill.
Group sent memo to staff noting ‘careful consideration’ and ‘grievous’ nature of the move.
Lawmaker Andrew Chan Chak Mo says only one more meeting required before first review of new bill is completed.
Gaming industry amendment bill likely to bring radical changes to city’s 42 casinos and their nearly 18,000 revenue-generating tables and slots.
Increase over January lifts GGR to MOP 7.7 billion, marginally up on February 2021.
Table games, slots and other games of chance generated MOP 34.7 billion in 2021, compared to VIP baccarat’s MOP 28.4 billion.
Junket operations curtailed, government officials will inspect every three years, and threat to national security can lead to licence being cancelled.
Respondents favour six concessions, reducing the licence to less than 20 years, and appointing government representatives.
Troubled chairman, currently remanded in custody, quits as casinos sever ties with group; trading in shares resumes this morning.
This year’s GGR likely to reach only MOP 91 billion, about MOP 40 billion short of government target.
Originally scheduled for 9 October, participants will be notified separately by the DICJ.