22.9 C
Macau
Friday, March 24, 2017
Time is running out for the governing Kuomintang in Taiwan to pass legislation that would permit casinos on outlying islands. GamblingCompliance.com reports that a committee crucial for the passage of the bill has no plans to meet ahead of the...

Contact

Publisherpazevedo@macaubusiness.com Administrationadmin@macaubusiness.com +853 2833 1258 +853 2870 5909 Newsroomnewsdesk@macaubusinessdaily.com Advertisingpub@macaubusiness.com ---
After a three-hour reading of the indictments, more information was provided regarding the nearly 2,000 charges against the city’s former top prosecutor Ho Chio Meng
Japan’s parliament passed casino legislation yesterday. Macau’s Secretary for Economy and Finance Lionel Leong Vai Tac said the government would pay attention to future gaming developments in the East Asian country in order to maintain the MSAR’s competitiveness in the international gaming market.
To drive the mass market to the Cotai strip, properties will first need to think about how to allow visitors to more easily get from one property to another, opines the Director of the Institute for the Study of Commercial Gaming Davis Fong. Speaking to Business Daily, the expert believes visitors will want to stay longer in the territory once there’s a connection within Cotai, like on the Vegas Strip. Overnighters are always better than day-trippers, he says.
China's international travellers’ spending is expected to increase 50 per cent from US$164 billion last year to US$264 billion by 2019
The MSAR has reached a consensus with the mainland to set up a Guangdong- Macau nuclear safety notification scheme
Chinese bank card withdrawal limits per transaction at local ATMs have been tightened to MOP5,000, while daily limits and annual limits stay the same
The wholesale and retail sector’s contribution to the Macau economy surged by 46 percent last year, data released yesterday by the Statistics and Census Service shows. Gross value added, that measures the sectorial contribution to the economy, stood at MOP15.27...
The Statistics and Census Service intends to begin publishing this year or next new sets of data, according to its director, Paul Ieong Meng Chao. Mr Ieong told reporters that one set would cover investment by Macau enterprises in the...
Both sales value and volume of the sector registered slight increases in the third quarter over the previous one. Compared to the same period of last year, however, the market is still compressing
Hainan Airline’s parent company, HNA Holding Group Co Limited, has acquired a third parcel of a land at Hong Kong’s Kai Tak, the site of the former Hong Kong international airport, for HK$5.53 billion, according to a report from...
The use of a public and private partnership model could speed up the construction of public housing, a committee member of the Urban Planning Committee suggests.
About 80 local residents have requested assistance from the MSAR Tourism Crisis Management Office
India is amending its gaming rules to follow the MSAR’s gaming regulations
Local gaming operator Melco Crown Entertainment Limited has announced a new arrangement of its management team as well as the appointment of key executive members, in a press release. A total of four appointments were made regarding the group’s...

Effective adjustment

Most committee members agree that the results of the new adjustments to the city’s transportation fees have been positive, said committee representative Kou Kun Pang after yesterday’s Traffic Affairs Consultative Committee meeting. Kou revealed however, that some members expressed their...

Union Difficulties

A labour rights workshop held at the Faculty of Sciences at the University of Macau relayed the message that freedom of labour association might prove a difficult task in the territory. Experts signalled that differences between mainland and local legislation could be an insuperable hurdle.
Consumer prices in the MSAR increased 1.53 pct y-o-y on average for last month. The growth rate is higher than that of 1.33 pct for the month of October. Higher charges for eating out, parking spaces and property management fees contributed to the increase.
After months of the establishment of a new Customs transit mechanism, a batch of products from Thailand was successfully transferred to the Mainland via the city
- Advertisement -