Author: Lynzy Valles, MDT
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DSAL receives 766 complaints in the month since Suncity closure
A total of 766 complaints have been filed regarding the subsidiaries of junket operator Suncity, businesses which have ceased trading, according to data from the Labour ... -
Cooperation Zone | Hengqin offers subsidies for Macau workers and businesses
Macau residents who work full time in Hengqin are eligible for a subsidy of up to RMB12,000 for not more than 36 months and a one-time ... -
Fitch ratings | Amid concession uncertainty, Western operators will not be ‘treated differently’
There is no obvious evidence yet that Western-controlled Macau gaming operators will be treated differently by the mainland government, according to a report issued by Fitch ... -
UM points to Hong Kong university as benchmark for tuition fee hike
The University of Macau (UM) has justified hiking tuition fees by up to 40% by explaining that the university took into consideration tuition fees in Hong ... -
MDT Review | Chaa Caffeine & Treats keeping up with coffee trends with croffles and matcha
The power of social media, along with the evolving coffee culture trends among millennials, have inspired new businesses adapting to these changes in consumer behavior and ... -
Gaming | JP Morgan winds up forecasting for 2022 rebound
Following uncertainties amid the Covid-19 crisis and the subsequent economic fallout and strict border measures implemented, brokerage JP Morgan has said that it will not attempt ... -
Macau bans flights from outside mainland China
Macau has announced a two-week ban on flights from regions outside the mainland China from January 9 to January 23, the Novel Coronavirus Response and Coordination ... -
Covid-19 | Second Omicron case detected
The Novel Coronavirus Response and Coordination Center confirmed that the imported asymptomatic case of Covid-19 infection announced on December 27 is associated with the Omicron variant, following genome ... -
Monte do Pasto launches sustainable meat project with universities
Monte do Pasto is developing a sustainable meat production project in partnership with Portuguese institutions including the University of Évora and the University of Minho. The ... -
Gaming Law | Gov’t considers awarding concessions based on ‘quality not quantity’
A report on the public consultation on the amendment to the gaming law has revealed that most participants “agree with the general direction of the consultation document,” ... -
Albano Martins leaves Macau after decades of contribution to society
Local economist and animal rights activist, Albano Martins, is leaving Macau for good today, after over 40 years of residency in the SAR. Continuing with his ... -
Gaming | Morgan Stanley forecast cut reflects ‘tightened crackdown’
Investment banking firm Morgan Stanley is forecasting a total of MOP121.4 billion in gross gaming revenue for 2022, numbers that are 6.6% shy of the government’s ... -
Q&A | Kenneth Feng: President and chief strategic & financial officer MGM China | Mass premium market: the focal point of MGM as it enhances offerings to segment
The gaming sector in the region has largely dealt with the blow of a global health crisis for the past nearly two years. However, the goal ... -
Trip.com: Rebranding Macau as a leisure destination will lead to huge travel pick-up
The Covid-19 pandemic has brought tourism to a pause, as borders around the globe were shut to deter the spread of the virus. But with the ... -
Bernstein: Casino operators may follow closures of junket room operations
Junket operators have been instructed to cease offering credit to their customers and request that chip purchases can only made upfront and in cash, brokerage Sanford ... -
Notaries ordered to cease services to Alvin Chau and company
The Public Prosecutions Office (MP) has ordered all notaries in the city to immediately suspend the practice of any notary acts or services involving the assets ... -
The Karl Lagerfeld hotel opens with luxurious features
The Karl Lagerfeld at Grand Lisboa Palace officially opens today, with 271 rooms showcasing the designer’s style: from specially commissioned furniture to circular room dividers inspired ... -
Alvin Chau steps down as CEO, Suncity shares tumble further
Alvin Chau has officially resigned from his executive positions at Suncity Group and Summit Ascent, following his arrest, which led to a major plunge of the ... -
November gaming revenue at MOP6.7b; industry faces headwinds after Chau’s arrest
Macau’s gross gaming revenue (GGR) stood at MOP6.7 billion, a decent rise of 55% compared to the prior month’s gains, which were the year’s second lowest ... -
Gaming | Already-troubled casinos in ‘state of limbo’ as tendering process remain opaque: SVA
THE Chief Executive’s (CE) reticence in his recent Policy Address regarding the upcoming expiration of the gaming licenses has added uncertainty to the already troubled sector, ... -
Fitch Ratings: Zero Covid strategy hampers SAR’s gaming recovery
China’s zero Covid policy is slowing Macau’s recovery and its new concession process, according to the report, Fitch Ratings 2022 Outlook: Global Gaming. According to the ... -
Consultancy IGamiX launches Cambodian subsidiary
IGamiX Management and Consulting Ltd (Macau) launched a Cambodian subsidiary yesterday, the firm being optimistic on the prospect of projects for the new branch. IGamiX ... -
Gaming | Casino stocks surge amid China-HK border reopening optimism
Macau casino stocks in New York surged by up to 6.19% yesterday as a result of speculation that Hong Kong’s border will soon reopen. This comes ... -
Covid-19 | Gov’t authorizes Sinopharm vaccine for children over three years old
Macau has approved lowering the age limit for China’s inactivated vaccine to three years old, down from 12 years of age, starting from today. According to ... -
Tourism | Downward trend in arrivals across October due to Covid-19 outbreak
October’s visitor arrivals decreased by 47.8% month-on-month to 328,245 due to the tightening of cross-boundary measures between Zhuhai and Macau in early to mid-October due to ... -
CCAC probe underway as HK finds alleged bribery over Macau firm listing
The corruption watchdog is currently investigating possible offences committed by a group of accounting staff that allegedly accepted bribes totaling over HKD1 million from the chairman ... -
Economy | GDP growth rises sharply in Q3 driven by tourism rebound
Macau’s gross domestic product (GDP) increased by 32.9% year-on-year in real terms in the third quarter of 2021, notching positive growth for two consecutive quarters. Including ... -
Light Festival to dazzle in new locations with mapping shows
The annual Macao Light Festival is set to showcase a series of projection mapping shows across the community from December 4 to January 2, 2022, weaving ... -
CE: Lifting entry ban for domestic workers a ‘very difficult decision’
Allowing foreign arrivals, particularly domestic workers, is a “very difficult decision” to make, as most of them hail from high-risk countries, Chief Executive Ho Iat Seng ... -
Consulate reminds community to ‘strictly’ comply with new migration law
The Philippine Consulate General in Macau reminded its community that the migration law had taken effect yesterday, reiterating the community to “strictly” follow the laws and ... -
Suggested gov’t gaming proposal would secure economic viability: GEG
Galaxy Entertainment Group’s (GEG) Lui Che Woo expressed his belief that suggested proposals to the gaming law, if implemented, would improve the industry’s regulatory oversight, increase ... -
Gaming | Wynn: ongoing renewal process ‘transparent, productive’
Wynn Resorts expressed confidence in the ongoing gaming concession renewal process, saying that it has been “open, it’s been transparent, it’s been productive, and we feel ... -
Macau’s quarantine-free travel moves ‘goal-post’
A government adviser in Hong Kong said that the neighboring SAR might open to global travel in about six months, once officials have successfully navigated the ... -
Gaming law expert calls on gov’t to directly award gaming concessions
The Macau government should consider an amendment to the gaming law to provide for the possibility of directly awarding the casino gaming concessions to the current ... -
Consulate prompts Filipino community to avoid political assembly
The Philippine Consulate General in Macau has called on the Filipino community to refrain from organizing public gatherings without obtaining prior permits from the relevant Macau ...
