Government extends gaming concessions for SJM and MGM China to 2022, casino shares jump on news

The Macau government has extended gaming concessions for MGM China and SJM Holdings until 2022, bringing them on par with other operators, local authorities announced early today (Friday). The government said

Sands-Macau dealmaker Suen settle 15-year case

LAS VEGAS (AP) — A settlement today (Macau time) ended a 15-year breach-of-contract battle between Las Vegas Sands Corp. and a Hong Kong businessman who helped the U.S. company open

Environment | Gov’t to enforce 1 pataca ‘plastic bag’ charge for retailers’ pockets

Presented by the government in the form of a tax, the plastic bag distribution surcharge for the retail industry is, in fact, more like a

Transport | ExCo gives green light to LRT Company creation

The Executive Council (ExCo) has given the green light to the Administrative Regulation project that would create the Macau Light Rapid Transit (LRT) Company, the entity

Gaming | Las Vegas Sands | Trial starts in Macau dealmaker damages case

An attorney for Las Vegas Sands Corp. says a Hong Kong businessman deserves a fraction of the USD347 million he’s seeking for breach-of-contract because he abandoned

Civil Aviation Authority grounds 737 MAX

The Civil Aviation Authority of Macao SAR (AACM) has decided to follow the measures already enforced by other worldwide counterparts and temporarily suspend the flights

Manpower, wages generally rose in Dec 2018

Manpower and wages across the SAR’s different sectors recorded a general increase in December 2018, except for the wages of employees in the security sector, which

Health | Domestic violence victim opts for surgery in UK

A 31-year-old local woman whose severe injuries stemming from a domestic violence case formed the center of spat earlier this month between lawmaker Agnes Lam and several government entities

New Macau call on Chui for meeting on mainland driving license policy

The New Macau Association, along with lawmaker Sulu Sou, has formally sent a letter to the Chief Executive inviting him to a meeting regarding mutual driving license

Briefs | David Chow considering concession bid

Macau businessman David Chow has not yet provided a definitive answer regarding whether or not he will apply for a gaming concession, according to a report by TDM.

US State Department | Macau enjoys press freedom but gov’t taking steps to restrict it

The press in Macau generally enjoy freedom in coverage, expressing a wide range of views, but the government last year took steps to restrict unfavorable news coverage,

Mainland academic proposes Taiwan’s participation in GBA

A mainland researcher has encouraged Taiwan to join the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) plan, so that Taiwan may also benefit from the GBA’s development.

Forum | Cape Verde retains EU tax haven listing

The European Union added ten countries and territories to its blacklist of tax havens, including the United Arab Emirates, with Cape Verde remaining on the “grey

Real Estate Matters | Spatially close, socially apart(ment)

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 properties

China brokerages’ 54 percent stock surge may be running out of steam

China’s brokerages are on pace for their best quarter since 2014, though a rare sell call is a sign the rally may be topping out. CSC

China calls for US, European companies to join Belt and Road

China pledged greater cooperation with American and European companies on Belt and Road ventures, in its latest bid to counter criticism that President Xi Jinping’s initiative

Lunar New Year blamed for underwhelming economic data

China’s most important festival is the main culprit behind the underwhelming economic indicators at the start of this year, according to the statistics authority. The Lunar

Gov’t accuses US of prejudice over human rights issues

China responded to new U.S. allegations of widespread human rights abuses with its own accusations of prejudice and interference, saying yesterday that Washington should drop its “Cold

Diplomatic ties | Taiwan cites US concerns over El Salvador-China relations

Washington should be concerned for strategic reasons that Taiwan is losing its diplomatic allies in Latin America to rival China, Taiwan’s foreign minister said yesterday. In

Trade deal | Trump raises possibility of walking away from China deal

President Donald Trump on yesterday dangled the prospect of walking away from a new trade deal with China if it’s not to his liking,

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