In an unprecedented move, a government proposal that would make it possible to sign extradition treaties with Hong Kong and mainland China has been rejected. The Legislative Assembly blames the draft law’s technical problems. Last month, in an interview with TDM, Sonia Chan said a proposal paving the way for an agreement on the surrender […]
Macau
Wynn Macau’s net revenues dropped 13.8 per cent year-on-year to US$608.2 million in the first quarter, Wynn Resorts said in a statement in Las Vegas last week. Adjusted property Ebitda decreased 9.9 per cent year-on-year to US$191 million. According to the statement, table game turnover in the VIP segment amounted to US$13.47 billion, a 21.4 […]
Macau’s first Five-Year plan was received with mixed feelings by lawmakers. Many noted flaws and ‘omissions’, mainly in the gaming and social welfare sectors. Lawmakers were introduced today to the government’s draft for the SAR’s first ever Five-Year plan. Initially proposed last month, the draft has put forward a performance baseline for a series of […]
Macau’s trade deficit in the first quarter of 2016 reached 14.602 billion patacas (US$1.825 billion), a year on year improvement of 25.3 per cent, reported the Statistics and Census Bureau. According to the Bureau, the trade deficit in the first quarter of 2015 totalled 19.5516 billion patacas. In the first three months of 2016, Macau […]
SJM Holdings’s profit attributable to the company’s owners fell by 44.1 per cent year-on-year to HK$561 million in the first quarter, the gaming operator said in a statement on Tuesday. The company’s gaming revenue decreased by 22.8 per cent to HK$11.02 billion, while adjusted EBITDA dropped by 32.5 per cent to HK$838 million. According to the statement, […]
Macau’s April casino revenue dropped less than analysts estimated in a sign of stabilization as casinos shift their focus to attracting mass gamblers and tourists. Macau´s gross gaming revenue in April decreased 9.5 percent to 17.3 billion patacas (US$ 2.2 billion), according to data from Macau’s Gaming Inspection and Coordination Bureau, marking 23 months of […]
Macau Government Tourist Office (MGTO) Director Maria Helena de Senna Fernandes said on Sunday that official bodies including her office and the Public Security Police (PSP) would review their handling of Saturday’s computer incident in which thousands of people were stuck for hours at the city’s checkpoints. The tourism chief, who also heads the Tourism […]
For Macau resident, António Leong, photography is just a hobby, but this hasn’t stopped his shots being selected as editor’s picks by National Geographic. He’s amassed quite a following on social media too with over 12,000 likes for his Facebook page Antonius Photoscript. Wednesday marked the start of his first photo exhibition in Macau, La […]
Think tank head Lao Pun Lap said he hoped the government’s first ever Five-Year Development Plan will become a “joint action agenda” for the government and the community at large, adding that the government would adopt “more open, transparent and interactive” ways to collect public opinion on the plan. Lao, who heads the government’s Policy Research […]