Author: Lynzy Valles, MDT
-
Property | Evergrande collapse fears highlight rising political risk: SVA
Market volatility sparked by fears of property developer Evergrande Group’s financial collapse has underlined how far political and commercial risks in China have risen, according to ... -
Gov’t to revise budget as GGR expected to tumble
Chief Executive Ho Iat Seng expects the city’s gross gaming revenue (GGR) to fall further, missing the initial gaming revenue forecast, due to the current Covid-19 ... -
Gaming | Osaka selects MGM as integrated resort partner
MGM Resorts International has announced that MGM Japan, together with its joint venture partner Orix, has been selected by Osaka as its integrated resort partner. Osaka’s ... -
Tested residents receive text messages to take the NAT
Some residents have reportedly received text messages from authorities requiring that they take a Covid-19 test, despite these residents having been already tested. According to ... -
Unemployment rate at 3.7%
The general unemployment rate for June-August 2021 was 2.8% and the unemployment rate for local residents was 3.7%, down by 0.1 and 0.2 percentage points respectively ... -
Three new Covid-19 cases detected
Following the 68th case announce early this morning, the SAR government just announced that the city has recorded the 69th and 70th case. All three new ... -
JP Morgan: Gaming sector currently ‘un-investable’
The city’s gaming sector could stay “un-investable” until clarity is given on the next concessions, brokerage JP Morgan noted. A note by its analysts DS Kim, ... -
Gaming | Public consultation cancelled
The first public consultation session for the city’s gaming law, which was meant to be held today, will be cancelled due to the ongoing Covid-19 pandemic ... -
Covid-19 | Gov’t records 66th case
A 32-year-old male from Nepal who works as a security guard at Golden Crown China Hotel tested positive for Covid-19, the Novel Coronavirus Response and Coordination ... -
BREAKING NEWS | Gov’t launches second round of mass testing
The Novel Coronavirus Response and Coordination Center announced that the second round of mass testing will commence at 3 p.m. today until September 28. Appointments will open at ... -
BREAKING NEWS | City under ‘immediate prevention status’ following new Covid-19 cases
The Macau SAR is again under the “immediate prevention status” after the 65th case was confirmed a few hours ago. Just before midnight, the Acting Chief ... -
Gaming | Operators seek clarity from gov’t over law revisions
The city’s gaming operators and junkets are seeking clarity following the announcement of proposed changes to the SAR’s gambling laws which wiped out over USD18 billion ... -
Hotel sector receipts plunge 66% in 2020, employees down by 9,000
Receipts from the hotel sector plunged 66.2% year-on-year to MOP12.93 billion in 2020 on account of a decline of 62.2 percentage points in the average occupancy ... -
August visitor arrivals plunge
Visitor arrivals fell 48.2% month-on-month in August to 409,207 due to temporarily tightened entry and exit requirements after authorities discovered four Delta variant cases of ... -
Edmund Li Sheng | Pandemic reveals ‘uncertainty for global governance’, stalled globalization process
A sea change is silently taking place as the current Covid-19 pandemic has revealed so much uncertainty for the international community and global governance, political economy ... -
Watchdog investigates corruption involving UM contracts
The corruption watchdog revealed a case of corruption and document forgery involving a construction works contract of approximately MOP 220 million for the University of Macau ... -
Only vaccinated participants allowed at Int’l Marathon
The 2021 Galaxy Entertainment Macao International Marathon will be held on December 5 with participants required to have completed two doses of Covid-19 vaccine at least ... -
Tourism | Visitor daily arrivals surpass 28,000
Visitor arrivals to Macau between September 10 to 16 reached a total of 201,891, according to data from Macao Government Tourism Office. The average daily visitor ... -
New EU-China strategy includes Macau, gov’t expresses opposition
China slammed the European Parliament’s adoption of a new EU-China strategy, which comments on China’s political, economic, social and foreign policies, and makes accusations against China ... -
Worst day ever | Casino stocks tumble as investors fear crackdown
Casino stocks plunged to as much as a total of USD18 billion in market value following reports of a possible tightened regulations in the gaming industry ... -
Gaming | Melco withdraws integrated resort bid in Yokohama
Melco Resorts & Entertainment has stopped its pursuit of an integrated resort development in the city of Yokohama, the company announced in a statement yesterday. ... -
Low turnout in AL elections deemed as a setback for the establishment
In what was deemed a reasonably predictable election, there were still a few surprises. Aside from the lowest voter turnout since 2001, the wins and losses ... -
Elections2021 | Agnes Lam attributes poor showing to low voter turnout
Former lawmaker and candidate for the Legislative Assembly elections Agnes Lam admitted that it was surprising to see a low number of votes for her list, ... -
Five-Year Plan | Economic diversification a priority for gov’t
The government has pledged that it will prioritize economic diversification in the second Five-Year Plan. According to Cheong Chok Man, director of the Policy Studies and ... -
Beijing says AL elections implemented ‘patriots administering Macau’ principle
The seventh Legislative Assembly (AL) election in Macau has fully implemented the fundamental principle of “patriots administering Macau,” according to a spokesperson from the Liaison Office ... -
BREAKING NEWS: Gov’t to allow foreign entrants from Hong Kong to Macau
Certain foreigners who have been in Hong Kong for the 21 preceding days will be allowed to enter Macau with approved applications and under several conditions, ... -
PATA Gold Awards 2021 | MGTO, gaming operators receive accolades
Macau took home three Gold Awards and one Grand Award at the PATA Gold Awards 2021, organized by Pacific Asia Travel Association (PATA). The city’s tourism ... -
Gaming | Analysts say new Fitch forecast ‘optimistic’
Fitch Ratings forecasts that Macau’s gross gaming revenues (GGR) in 2021 will be nearly 65% below 2019 levels, recovering to 35% below 2019 by 2022, and ... -
Hong Kong scraps quarantine for Macau, mainland arrivals
Travelers arriving in Hong Kong from China and Macau will no longer need to quarantine, Hong Kong’s top official said yesterday, easing curbs imposed after summer ... -
Hong Kong scraps quarantine for arrivals from Macau, mainland
Travelers arriving in Hong Kong from China and Macau will no longer need to quarantine, Hong Kong’s top official said today, easing curbs imposed after summer ... -
Caritas | Applications for food program remain steady
The number of people queueing up for Caritas’ food charity program remains at “the same level” as during the peak of the pandemic, when several hundred ... -
SSM appeals for attention to youth mental health
The Health Bureau (SSM) has appealed to the public to pay greater attention to the mental health of the city’s youth, following the death of a ... -
Gaming | Deutsche Bank forecasts MOP97b for this year’s GGR
Deutsche Bank has lowered its estimate for the 2021 gross gaming revenue (GRR) of the city following August’s steep downturn in revenue. The investment banking company ... -
Gaming | Casino revenue records steep drop of 47% in August
The Macau SAR’s gross gaming revenue (GGR) plummeted to MOP4.44 billion in August, a drop of 47.4% from last month’s figures, according to data provided by ... -
Paul Pun steps down as principal of Brito School
Yesterday, Secretary-General of Caritas Macau Paul Pun stepped down as principal of St. John de Brito School after 30 years of leading the Catholic school. Currently, ...
