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Lionel Leong

Macau is equipped to cope with adversity says Leong Vai Tac

Macau is equipped to cope with adversity says Leong Vai Tac

Secretary for Economy and Finance Lionel Leong Vai Tac said on Thursday that the foundation of Macau’s economy has remained relatively stable and is equipped with the conditions and ability to cope with adversity while the city is undergoing a period of economic adjustment. Addressing the opening ceremony of the 20th Macau International Trade and […]
Macau’s gaming revenue in October to be highest in four months, said Secretary Leong

Macau’s gaming revenue in October to be highest in four months, said Secretary Leong

The Secretary for Economy and Finance said Wednesday that gaming revenue during the National Day Golden Week has decreased by 20-percent compared to last year, according to Macau´s television (TDM). Lionel Leong Vai Tac expects, however, that October’s revenue will be the highest in four months. And as a result, the year-on-year decline will slow […]
Government grants Macau Studio City 250 gaming tables a week before opening

Government grants Macau Studio City 250 gaming tables a week before opening

Secretary for Economy and Finance Lionel Leong Vai Tac said Tuesday the government had approved 250 gaming tables for Melco Crown Entertainment’s (MCE) Studio City resort in Cotai. Leong made the announcement exactly one week before the casino-hotel property is slated to open. The policy secretary overseeing the gaming industry also said the government had […]
Macau government to extend Yat Yuen concession for short period

Macau government to extend Yat Yuen concession for short period

Secretary for Economy and Finance Lionel Leong Vai Tac said on National Day he “believed” the government will extend the Macau Yat Yuen Canidrome’s greyhound racing concession “for a short period” without any change in the current contract terms, adding that the duration of the new concession had yet to be decided. The government has […]
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 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 […]
Austerity measures averted in Macau for now

Austerity measures averted in Macau for now

Considering that the city’s average monthly gross gaming revenue continues to exceed the 20 billion patacas threshold stipulated by the 2015 Budget Amendment Law, there is no need for the implementation of austerity measures for the time being, Secretary for Economy and Finance Lionel Leong Vai Tac said in a written statement released by his […]
Leong doesn’t expect July’s casino revenue to top 18 billion patacas

Leong doesn’t expect July’s casino revenue to top 18 billion patacas

Secretary for Economy and Finance Lionel Leong Vai Tac said on Saturday that while the statistics for July’s gross gaming revenue are not available yet, he estimated that the figure will not exceed 18.355 billion patacas ( US$ 2.294 billion), the so-called “red line” set by the government for austerity measures to be put in […]
Leong hopes to strike Macau-Guangdong investment deal today

Leong hopes to strike Macau-Guangdong investment deal today

Secretary for Economy of Finance Lionel Leong Vai Tac said on Thursday he hoped that through today’s meeting with Guangdong officials the two sides could reach an agreement on the framework for the local government’s plan to invest part of its huge reserves via the Guangdong government. Leong is accompanying Chief Executive Fernando Chui Sai […]
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