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Macau’s gaming revenue to drop at slower pace in 2016 H2

Macau’s gaming revenue to drop at slower pace in 2016 H2

Macao’s gaming revenue in the second half of 2016 will drop from last year’s level at a slower pace, the special administrative region’s financial authorities said on Saturday. A report issued by Macau’s Office of the Secretary for Economy and Finance said the income of the Special Administrative Region (SAR) gaming industry in June reached […]
Macau’s born panda cubs get infant names

Macau’s born panda cubs get infant names

Macau’s first locally born panda cubs are putting on weight, which was recorded on Saturday at 167.2 grammes for the first born and at 77.9 grammes for his younger sibling, the Civic and Municipal Affairs Bureau (IACM) said in a statement on Sunday. The cubs are “in good health”, the statement said, adding that both […]
Macau’s Cotai hospital won’t be completed by 2019

Macau’s Cotai hospital won’t be completed by 2019

Secretary for Transport and Public Works Raimundo do Rosario said on Wednesday he was “sure” that the construction of the public hospital in Cotai will not be completed by 2019 as previously planned by the government. Rosario talked to reporters about the large-scale project after attending a meeting of the legislature’s Follow-up Committee for Land […]
Macau’s vehicle imports drop 53 per cent in January-May

Macau’s vehicle imports drop 53 per cent in January-May

Macau’s imports of motor cars and motorcycles dropped by 53 per cent year-on-year to 529 million patacas in the first five months of the year, the Statistics and Census Bureau (DSEC) announced on Wednesday. Mobile phone imports fell by 50.5 per cent to 1.97 billion patacas. Imports of watches decreased by 42.3 per cent to […]
Macau’s GDP to fall 5.9 per cent in 2016, return to growth in 2017

Macau’s GDP to fall 5.9 per cent in 2016, return to growth in 2017

Macau’s real GDP will contract by 5.9 per cent this year because of a fall in gambling revenue but will return to growth in 2017. This is the forecast of a report on Macau for the second quarter of this year by the Economist Intelligence Unit (EIU), published in London on June 20. It said […]
Macau’s urban planning committee against public housing lot in Taipa

Macau’s urban planning committee against public housing lot in Taipa

The government’s project to use a land plot in Taipa to build public housing was opposed by several members of the Urban Planning Committee. The committee, which has a consultative role, gathered on Thursday to discuss proposals related to fifteen land plots and buildings. One topic debated was the use of a land plot in […]
Macau’s casinos revenue fell 9.6 per cent in May

Macau’s casinos revenue fell 9.6 per cent in May

Macau’s gross gaming receipts fell 9.6 per cent to 18.4 billion patacas (US$2.3 billion), completing a two-year decline, according to data from Macau’s Gaming Inspection and Coordination Bureau released Wednesday. That followed a 9.5 per cent decrease in April and compares with the median estimate of an 8 per cent drop. Macau has been struggling for two […]
Macau’s balance trade deficit decreases in Q1

Macau’s balance trade deficit decreases in Q1

Macau’s balance of trade deficit from January to April showed a 23.9 per cent year-on-year decrease to 19.331 billion patacas (US$2.416 million), reported the Statistics and Census Bureau. The data available on the Bureau’s website shows that the trade deficit in the same period of 2015 amounted to 25.451 billion patacas. The deficit registered in […]
Macau’s hotel guests rise 11.5 per cent in April

Macau’s hotel guests rise 11.5 per cent in April

Macau’s 106 hotels and inns recorded 917,000 guests in April, an increase of 11.5 per cent year-on-year, the Statistics and Census Bureau (DSEC) announced on Tuesday. Mainlanders accounted for 66.5 per cent and 12.5 per cent of all guests respectively. While the number of guests from the mainland grew 16.7 per cent year-on-year, the number […]
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