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Macau
Friday, July 21, 2017
Sociedade de Jogos de Macau, S.A. (SJM) and Melco Crown Entertainment Limited (Melco Crown) have both been exempted from paying the city’s complementary tax on casino gaming profits, the Official Gazette announced yesterday. The exemption for SJM will come into...
Mainland China still the origin of most visitors at 419,700, with 29,000 from Taiwan.
Next month’s Global Gaming Expo trade show, better known as G2E, is set to be the biggest since 2008. The organisers, Reed Exhibitions and the American Gaming Association, say so far 415 companies have confirmed that they will take over...
With the focus on attracting more mass market gamblers, deputy chairman of Success Universe Group Ltd., Hoffman Ma Ho Man, said the company was planning to replace two of its VIP gaming tables at casino-resort Ponte 16 with over...
An inside source has told Business Daily that David Group is “shifting its focus to the overseas market” due to fierce competition in the VIP sector amid slumping gross gaming revenue in Macau
The profit margins of cleaning and security companies would shrink by up to 7.1 percent if a minimum wage of MOP30 (US$3.75) an hour is introduced, a study has found. The University of Macau study of 20 companies, released by...
Morgan Stanley estimates all six Macau gaming operators will post significant earnings before interest, taxes, depreciation and amortisation (EBITDA) for the second quarter of 2011. In a note to investors, analysts Praveen K. Choudhary and Calvin Ho note that the...
The city’s top official says his government will strive to keep the jobless rate low.
An official travel warning has been issued by the Chinese Consulate in Fukuoka, Japan warning Chinese citizens to ‘cautiously consider’ their plans if travelling to the Kyushu zone and warning them to ‘not go to Kumamoto Prefecture’. The announcement...
Sociedade de Jogos de Macau (SJM) once again organised the International Auction of the Italian White Truffle 2010 in Grand Lisboa. This is the fourth time that Grand Lisboa has held this event. A total of HK$2.9 million (US$373,500) was...
From 2009 to 2013, the government didn’t spend 27.3 billion patacas of the Public Investment Plan (PIDDA) budget, a plan targeted to improve the city’s infrastructure. In 2013, PIDDA had the lowest execution rate in the last decade (39.6 per...
The MSAR is set to be affected by, and challenged by, worldwide uncertainties, the Macao Chamber of Commerce president, Ma Ian Lai, commented while speaking on TDM Radio programme Macao Forum, as reported by local broadcaster TDM Radio News....
The deadline for applications for grants from the government’s environmental protection fund has been put back by one year. An announcement in today’s Official Gazette postpones the deadline until the end of next year. The MOP200-million (US$25 million) fund is meant...
Secretary for Economy and Finance Lionel Leong Vai Tac said on Wednesday that the Gaming Inspection and Co-ordination Bureau (DICJ) was still evaluating the gaming table applications filed by gaming operators Melco Crown Entertainment and Galaxy Entertainment Group. The Secretary...
Three strikes and you’re out, proposes taxi passenger Association.
A new mahjong centre opened last week at Casino Lisboa. The New Golden Mahjong Centre currently features 20 tables. “The casinos have now only just recognised mahjong’s potential and are starting to capitalise on it,” Ben Lee, a Macau-based gaming consultant...
The Chinese New Year holiday started strong in Macau, attracting hundreds of thousands to the gaming floors, Union Gaming Group Macau head Grant Govertsen said in an investors note released yesterday (U.S. time). “We expect visitation to continue to grow...
The MSAR Government aims to terminate the sale of live poultry and will announce a final decision on the matter this month
Li Sheng and Weibing Zhao say the gaming market is underutilised in Mainland China and that gambling should be legalised to avoid the loss of national wealth
International assets as a share of total banking assets continued to increase in Macau during the second quarter of the year
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