First Macau gaming revenue drop since 2016: China slowdown to blame

Monthly casino revenue in Macau fell for the first time in more than two years as China’s weakening economy kept high rollers away from the city, according to data published

120 fishing vessels return to Inner Harbor for CNY holiday

A total of 120 fishing vessels have temporarily returned to Macau to spend the Chinese New Year (CNY) holiday in the Inner Harbor, according to the Marine and Water

Gaming | Another year of fewer junket promoters recorded

The Gaming Inspection and Coordination Bureau (DICJ) has announced the latest number of approved licensed junket promoters in Macau, according to a dispatch published in the

Money laundering prevention guidelines issued

The Housing Bureau has issued guidelines to prevent real estate agencies from laundering money, according an Official Gazette notice. Real estate agents and agencies are required

Courts | Scott Chiang may be absolved of guilt after appeal victory

Activist Scott Chiang has won a ruling in the Court of Second Instance that may absolve him from a sentencing last year for the crime of

Foundation ‘understands the public concern’ over subsidies

The Macau Foundation (FM) “understands the public concern regarding the way public money is spent” and has taken measures to improve its mechanism to grant financial support, said

‘Hush!!’ calls on local bands to participate

The “2019 Hush!! Full Music” concert will be held from April 28 to May 1 at Hac Sa Beach, Hac-Sa Nautical Centre and various locations in the island district,

Sulu Sou files complaint against ‘secret meetings’

According to Sou, to his surprise, “this was not the first meeting of the committee to discuss these matters. This is actually the second one. The

Cross-border traffic records slight increase

Cross-border vehicular traffic rose by 2.3 percent to 4,927,368 trips in 2018, while those passing through the Checkpoint of Cotai (30 percent of total traffic) recorded

Tourism | MGTO launches measures for upcoming Spring Festival

The Macao Government Tourism Office (MGTO) is rolling out a range of measures for the upcoming Spring Festival Golden Week, including forecasting visitor flows using big

DSEJ prepares for 4th phase of Continuing Education Plan

The Secretary for Social Affairs and Culture, Alexis Tam, said that he is willing to promote a permanent Continuing Education Development Plan during Wednesday’s Legislative Assembly plenary

Lawmaker calls for action to avoid ‘over-tourism’

Lawmaker Pereira Coutinho is concerned that residents of Macau are losing quality of life due to an excess of tourists visiting the region. In a spoken

CE outlines measures to advance Greater Bay Area development

The Chief Executive (CE) has outlined steps to boost Macau’s contribution to the development of the Greater Bay Area. Chui Sai On chaired the first meeting

Gaming | Cotai property the jewel of Wynn Resorts’ 2018 growth

Wynn Resorts reported its 2018 financial results yesterday, showing that Wynn Palace continues to outperform its older sister resort on the peninsula. The company announced that

IPIM rolls out online document submission system

The Macao Trade and Investment Promotion Institute (IPIM) has launched an online document submission system. The service allows applicants to fill out a temporary residency application form online

Real Estate Matters | How to de-risk your property portfolio (part 1)

Sam Lee is a marketing manager and property consultant at JML Property.  JML was established in 1994 and offers Investment Property & Homes. It specializes in managing

Musk says USD500m enough to get Shanghai production running

Elon Musk told investors Tesla Inc. won’t incur a heavy financial burden to get production up and running in its first overseas factory, seeking to soothe investor

Samsung quarterly operating profit fell on slower demand

Samsung Electronics Co. has posted a near-30 percent drop in operating profit for the last quarter after seeing slowing global demand for its memory chips and smartphones. It still

Spain’s economy remains bright spot amid Euro-area slowdown

Spain remained an economic bright spot in the euro zone in late 2018 even though the country, like the rest of the region, faces a weaker outlook

Dire Strait | Xi’s tough talk on Taiwan backfires, as Tsai support surges

Chinese President Xi Jinping sought to push Taiwanese closer to unification with a new year speech mixing carrots and sticks. That hasn’t panned out. Instead, his

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