Author: Lynzy Valles, MDT
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Macau to serve as a ‘switch’ in bridging filmmakers from Europe and Asia
Veteran film festival curator and director, Marco Müller, is set to launch a new festival in Macau in January, aiming to connect filmmakers and producers from ... -
Economy at 77% of pre-pandemic levels
The city’s economy expanded by 116.1% year-on-year in the third quarter of 2023, attributable to thriving services exports. Notably, growth in gaming services exports and other ... -
Galaxy to host 50 concerts and 250 MICE events in 2024
Gaming operator Galaxy Macau plans to host 50 concerts and 250 MICE events in 2024 as part of its pledge to diversify its non-gaming offerings. During ... -
Wynn sees healthy retail sales, narrowed Q3 losses
Net losses of Wynn Resorts Limited narrowed to USD 116.7 million for the third quarter of 2023, compared to the USD 142.9 million net loss attributable ... -
Disney Concert to sweep audience away with nostalgia for favorite classic songs
Disney Princess – The Concert is coming to The Venetian Theatre from tonight until Sunday to serenade Disney local audiences with Disney princesses’ greatest hits. The ... -
MGM optimistic on further market growth amid decoupling
Macau’s recovery is set to continue amid discussions on broader macroeconomic issues in China, according to Hubert Wang, president and chief operating officer of MGM China. ... -
Melco to relaunch House of Dancing Water Q4 2024
Gaming operator Melco Resorts is looking to open the House of Dancing Water for a relaunch late in the fourth quarter of 2024. Speaking in an ... -
City sets new record for highest October temperature
Macau sweltered through its hottest October on Oct. 4, reaching 35.2 degrees Celsius, which was attributed to Typhoon Koinu, with the city entering autumn in September. ... -
Sectors upbeat for November events as boost in gaming, tourism arrivals expected
The tourism industry expects a daily average of 100,000 arrivals during the upcoming 70th Macau Grand Prix, forecasting that even hotels on the Macau Peninsula will ... -
October gaming revenues surge as city benefits from Golden Week
In October, the city’s casino revenue surged to another all-time post-pandemic high, as tourists flocked to Macau during the National Day Golden Week. Data released by ... -
IMF: Macau has highest GDP growth rate until 2024
Macau has the highest growth rate projection for 2023 and 2024 among advanced economies listed by the IMF World Economic Outlook (WEO). The International Monetary Fund ... -
Macau on track to hit another post-pandemic high in October
Macau has recorded MOP14.6 billion in gaming revenues as of Monday, according to investment bank JP Morgan, which shows that the casino sector is slated to ... -
WST reaches ‘agreeable solution’ with players as snooker event postponed
The snooker exhibition event in Macau has been moved to December, following a clash with the Northern Ireland Open that put five top players in the ... -
Fitch forecasts 65% GDP rebound in 2023
Fitch Ratings anticipates growth of up to 65% in Macau’s economy this year, driven by sustained recovery in the gaming and tourism sector. In its report ... -
Typhoon signals canceled, rain forecast to be heavy as Koinu moves away
Macau canceled all typhoon signals at 5 p.m. today, following over 17 hours of Typhoon Signal No. 8 being hoisted. According to the local weather bureau, ... -
SMG announces possibility of T9 as Koinu regains intensity
The weather bureau has issued a warning that there is a medium possibility of hoisting Typhoon Signal No. 9, as Typhoon Koinu is slowly advancing ... -
Cotai hotels benefit from holidays amid gradual decline in arrivals
The eight-day National Day holiday is breaking post-pandemic records as it marks the first Golden week in three years where Chinese travelers are free to travel ... -
Literary Festival returns with writers from Lusophone countries
The 12th Macau Literary Festival is slated to feature writers from the Greater Bay Area and the Portuguese-speaking community after three editions of only featuring local ... -
Casino revenues slip as September storm rattles city
Macau’s casino gaming revenue growth slowed in September, falling to a five-month low as revenues fell slightly to MOP14.9 billion. Data from the Gaming Inspection, and Coordination Bureau ... -
Ice-skating rink, urban farm among Galaxy’s plans for Lai Chi Vun revitalization
Galaxy Macau is set to revitalize one of Macau’s oldest districts, Lai Chi Vun, with new entertainment elements including a simulated ice-skating rink, innovated urban farming, ... -
Series of events to mark Mid-Autumn, Golden Week as holidays poised to boom
Macau will see a series of activities to mark the Mid-Autumn Festival and National Day holidays as tourists are expected to swarm the city amid this ... -
UM ranks among top 200 in 2024 global rankings
The University of Macau (UM) has for the first time ranked among the top 200 in the UK’s Times Higher Education supplement, while the Macau University ... -
Wynn joins Broadway Asia for new resident show
Gaming operator Wynn has announced a strategic partnership with Broadway Asia to create the conceptual design for a new resident show that will soon become an ... -
MGM eyes record breaking figures in upcoming Golden Week as investment continues in arts and culture
MGM Macau has its focus on art and culture after promising the government to help diversify the local economy by investing in non-gambling attractions. The company ... -
Hotel occupancy peaks in summer, sector eyes Golden Week
Hotel occupancy has reached a peak during the summer vacation and the hotel sector has since seen a decline this month, according to Jocelyn Wong, president ... -
Malaysia holds first National Day in city to boost ties with GBA
Malaysia has held its National Day Reception in the SAR for the first time to show that Macau has a “significant role to play between Malaysia ... -
High rollers back on gaming table as junket agents return
The casino’s VIP sector is “surprisingly strong due to the return of the junket agents” under a new arrangement to lure high-rollers to the gaming tables. ... -
Lei: Casino ops to add 20% in non-gaming investment if revenues reach MOP180b
The Macau government’s contracts with the six gaming concessionaires stipulated that an additional 20% of its pledge in the non-gaming investment will be required if gaming ... -
SSM: Gov’t’s mental health resources sufficient
The public hospital’s Department of Psychiatry has diagnosed a total of 200 residents in 2022 with common mental illnesses such as depression, anxiety, bipolar disorder, and others. Although, ... -
Domestic helpers’ salaries back to pre-pandemic levels due to lower demand
Demand for domestic workers has decreased, resulting in lower monthly wages, which dropped by up to 30%. According to the Association of Employment Agencies for Foreign ... -
Gov’t to ban import of non-biodegradable plasticware, environmentalist questions biodegradable standards
Macau will ban the import of single-use non-biodegradable plastic plates, cups, and polystyrene food containers from January 1, 2024, according to an official dispatch from the ... -
Melco: Operational capacity in place to meet growing customer demand
Labour supply issues at Melco have now mostly been resolved as Melco opens its doors wider to meet the growing customer demand in Macau, chairman and ... -
Citigroup: High rollers back on city’s gaming tables
High rollers seem to have their bets back on the games of chance in Macau. A weekly channel check from Citigroup noted that it has observed ... -
Galaxy posts HKD15b revenue, announces overseas business development offices
Galaxy Entertainment Group posted net revenues of HKD15.7 billion in the first half of the year, up 141% year-on-year, while its adjusted EBITDA was HKD4.4 billion, ... -
Demand for commercial spaces in Old Taipa rebounding: Centaline
Demand for commercial rental spaces in Old Taipa is gradually rebounding as rent prices are recovering up to 80% of pre-Covid levels. According to Centaline Property, ...
