Author: Lynzy Valles, MDT
-
139 local firms close in Q3
Company closures totaled 139 in the third quarter, a 19% decrease when compared to last quarter. The value of registered capital of these companies amounted to ... -
Portuguese Consulate seeking information on citizen charged under sedition law
The Consulate General of Portugal in Macau is collaborating with Hong Kong authorities after a Portuguese citizen was denied bail after being held in custody in ... -
Air Macau to increase fights between mainland as travel restrictions ease
The local flag carrier has increased the number of flights between mainland China and Macau with the resumption of group travel visas and eVisas being issued ... -
Taiwan to accept group tours from Hong Kong, Macau
Taiwan is slated to receive tourists on package tours traveling from Hong Kong and Macau from November 7, according to the Mainland Affairs Council. In the ... -
MGM Q3 losses widen, places confidence on eVisa resumption
MGM China recorded a widened loss during the third quarter of this year as total revenues stood at HKD687 million, compared to HKD1.1 billion in the ... -
Phase 2 of Studio City to open Q2 2023, earnings down 46% y-o-y
The construction of Studio City Phase 2 is progressing on schedule and it is anticipated that the opening will be conducted in stages, beginning in the ... -
MGM Cotai slated to resume operations as staff, guests test negative
MGM Cotai is slated to resume operations after authorities unsealed the site today. The integrated resort was put under lockdown Sunday as one of its employees ... -
Another round of mass testing despite negative results in first round
The government will require residents to undergo another round of mass testing on November 4 to November 5 despite not finding positive cases during the first ... -
October gaming revenues tally to MOP3.9b
Macau saw its gross gaming revenue (GGR) rise 31.6% month-to-month to nearly MOP3.90 billion, albeit from a low base as last month’s receipts stood at MOP2.96 ... -
Beijing to resume issuing eVisas today, ‘great boon’ for Macau
The resumption of electronic visas for mainland travelers to Macau will commence November 1, a move that has long been awaited by the tourism sector since ... -
Residents required to undergo mass testing tomorrow
A citywide mass testing for Covid-19 will commence tomorrow at 7 a.m. until midnight in response to the new cases that were discovered yesterday and today. ... -
Unemployment rate at 4% as economic turmoil continues
The general unemployment rate slightly decreased to 4% in the July to September period, while the unemployment rate of local residents stood at 5.2%, dropping slightly ... -
Hengqin to offer subsidies up to RMB60m for financial institutions
Measures to support financial institutions in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin will take effect from November 7, according to a statement issued by the ... -
Ho’s family to continue operating Portugal’s biggest casinos
Family of the late casino tycoon, Stanley Ho, will continue to operate two of Portugal’s largest casinos after a commission jury dismissed a proposal made by ... -
New gov’t mandates limit group travelers
In anticipation of the upcoming resumption of e-visas and group travel visas to enter the city, the local government has announced guidelines on capacity limits and ... -
Morgan Stanley: 2022 GGR to be under MOP45b
Brokerage firm Morgan Stanley has amended its forecast for the city’s gaming sector in 2022 to just under MOP44.93 billion. Analysts Praveen Choudhary and Gareth Leung ... -
Guangdong to issue another RMB2b in offshore gov’t bonds in Macau
The Guangdong government will issue three-year offshore renminbi-denominated municipal government bonds in Macau tomorrow, with an expected issue size of RMB2 billion. The Guangdong municipal bonds ... -
Education center staff accused of embezzling continuing education subsidies
The Commission Against Corruption (CCAC) has reported another case where a local education center and nearly 170 residents allegedly embezzled over MOP1 million in subsidies from ... -
Suicide cases from January to September surpass 2021 figures
Macau has recorded 65 cases of suicide since the start of the year, according to data from the Health Bureau (SSM). During the third quarter, 18 ... -
Commission continues negotiations with seven concession bidders
The government conducted another round of negotiations with the seven bidders for the city’s 10-year gaming concessions yesterday. As cited in a TDM report, today’s meeting ... -
Alliance Française resumes operations with rebooted programs
Following a nine-month suspension amid pandemic woes, Alliance Française de Macao (AFM) has resumed operations with its first class set for early December. AFM had announced ... -
Sands China: Gov’t deliberation on concession in ‘good progress’
Sands China has held several rounds of discussion with the government regarding the current gaming tender deliberation and is expecting a notice on the next development ... -
Multi-fairs record increase in SME participants
The 27th Macao International Trade and Investment Fair (MIF) is again set to take place in both online and offline formats from today until October 22 with Zhejiang ... -
The Star fined AUD100m over money-laundering activities
Australian gaming giant Star Entertainment Group has been fined AUD100 million amidst pressure to reform their operations following reports of money-laundering activities. The group’s license to ... -
AAEC letter no impact on gov’t decision: JP Morgan
Brokerage JP Morgan Securities (Asia Pacific) has stated that the recent letter sent by Asian American Entertainment Corporation (AAEC) to the city’s gaming commission for casino ... -
Fitch: Gaming recovery far-off amid easing travel restrictions
Macau’s gaming sector’s recovery remains far-off despite the recent easing of travel restrictions with mainland China. Visitor numbers to Macau are beginning to recover but they ... -
Big six shares on a continuous decline ahead of Beijing’s party congress
The city’s big six shares are in free fall at the Hong Kong Stock Exchange, with Sands China and Wynn Resorts leading the plunge with a ... -
Center continuously records rise in support requests
The Women’s Federation Psychotherapy Center has received a large percentage of residents seeking assistance for family, marriage, and interpersonal problems. According to the center director, Lao ... -
Reality of pandemic-hit migrant workers showcased in film garners attention worldwide
A locally produced short film that showcases the reality of migrant workers is hitting close to home, with the project’s actors portraying the experiences well. “Last Day Off” ... -
Hengqin records surge in visitor arrivals from Macau
Tourist attractions in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin drew 288,300 visitors during the October 1 to 7 National Day holiday – an increase of ... -
Casino stocks plunge as Covid infections rise
Casino shares have been trading lower since Monday following new cases detected in the neighboring region. The downturn follows the National Day Golden Week in which ... -
Golden Week casino revenues at MOP1.7b
The city’s casinos are seeing daily average revenues double when compared to the first nine days of September. A note issued by JP Morgan Securities (Asia Pacific) ... -
Daisy Ho acquires 10% stake of SJM from Angela Leong
SJM Resorts managing director Daisy Ho has acquired a 10% stake in the company after assuming Angela Leong’s former role amid management changes – a move ... -
Family of late mogul Stanley Ho risks losing Portugal casinos to rival bidder
The family of the late casino tycoon, Stanley Ho, is at risk of losing the licenses for operating two of Portugal’s biggest casinos following a higher ... -
Non-resident workers plunge by 3,800 in August
The number of non-resident workers fell by nearly 3,800 in August, a drop that has been ongoing due to the economic downturn caused by Covid-19, as ...
