Author: Lynzy Valles, MDT
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USD12 billion Case | Trial between mogul Hao and LVS begins
The court case between Taiwanese businessman Marshall Hao and gaming giant Las Vegas Sands (LVS) started yesterday. Hao is seeking approximately 70% of Sands Macao’s profits ... -
Plastic straw ban a step forward but will not suffice in reducing waste: environmentalists
The government’s goal to ban the import of single-use drinking straws and stirrers next year is considered a good call by environmentalists; however, the main message ... -
Anima continues to record significant deficit
Heavy expenses remain a significant issue for the animal rights association Anima, after it recorded a deficit of MOP1.2 million with depreciation, according to its recently ... -
The 13 near bankruptcy after creditor demands HKD3.28b payment
The troubled The 13 Macau is a step closer towards bankruptcy as one of its creditors issued a demand for the parent company to repay the ... -
Brokerage opening estimate of Grand Lisboa Palace extended to Q3
Brokerage Morgan Stanley has estimated that the opening of the awaited Grand Lisboa Palace will be further delayed to the third quarter (Q3) of this year, ... -
Gaming | Gov’t collects circa 25% of gaming tax revenue goal
The Macau government has collected MOP3.2 million in tax gaming revenue from the gaming industry, bringing the total revenue to MOP12.3 billion for the first four ... -
Covid-19 | Macao Water, USJ offer vaccination incentives
Macao Water and the University of Saint Joseph (USJ) have introduced an incentive program to encourage their employees to get vaccinated against Covid-19. The water company ... -
Gaming | Genting, Melco remain in Yokohama IR race
Genting Singapore and Melco Resorts & Entertainment have qualified for the city’s Request for Proposal (RFP) to develop an integrated resort (IR), the government of Yokohama, ... -
Melco to organize e-Sports event with Tencent
Melco Resorts & Entertainment has announced that it will be co-organizing the forthcoming “World University Cyber League 2021” e-sports event in the SAR with Tencent Sports. For the ... -
Gaming | GGR may plunge to ‘mid-50%’ range in June following May rally
The city’s gross gaming revenue (GGR) in June may plunge to “mid-50% range compared to June 2019,” according to brokerage Sanford C. Bernstein Ltd. Analysts at ... -
Covid-19 | Walk-in vaccination starts today
From today, the local public will be able to receive the Covid-19 vaccine without making an online appointment on the Health Bureau’s (SSM) designated platform. ... -
Gaming | May GGR surges 492% y-o-y, beating analysts’ expectations
The city’s gross gaming revenue (GGR) for May has surpassed the expectations of analysts as tourists from mainland China recorded a surge over the Golden Week ... -
Former IPIM chief Jackson Chang to be tried again
Former president of the Macau Trade and Investment Promotion Institute, Jackson Chang, will be tried again for the crimes of corruption, money laundering and abuse of ... -
Economy | GPD records milder contraction in Q1
The Macau SAR’s gross domestic product (GDP) dropped by 0.9% year-on-year in real terms in the first quarter of 2021, a milder contraction compared to the ... -
Underemployment steady at 4.8%
Macau’s underemployment rate held steady at 4.8%, while both the general unemployment rate (3.0%) and the unemployment rate of local residents (4.1%) for February to April ... -
Hotel staff numbers down 16% y-o-y
At the end of the first quarter of 2021, there were 49,685 full-time employees working in Hotels, down 15.9% year-on-year, as cited in a survey conducted ... -
Amended electoral system an ‘institutional achievement’: PRC spokesperson
A Chinese central government spokesperson yesterday commended the passage of a bill by the Legislative Council of the Hong Kong Special Administrative Region (HKSAR) to improve ... -
April hotel occupancy rate stood at 58%
The average occupancy rate of guest rooms surged by 45.9 percentage points year-on-year to 58.5%, with the rate of 3-star hotels stood at 68.5%, according ... -
MICE sector sees 68 events in Q1
A total of 68 meetings, incentives, conferences, and exhibitions (MICE) events were held in the first quarter of 2021, including 61 meetings and conferences (-56 year-on-year) ... -
Covid-19 | City records first case of Indian variant
The 51st confirmed case of Covid-19 in Macau, detected a few days ago, was found to be SARS-CoV-2 variant known as B.1.617 – which is widely known ... -
Gov’t to continually roll out promotions in Shanghai to attract tourists
The Macau SAR is again set to host a mega roadshow in Shanghai to entice visitors to visit the city, which has been described as a ... -
Halftone to cater to photography enthusiasts
A new photography association will launch today, aiming to promote all aspects of contemporary photography. At 6:30 p.m. today, a total of 18 photography enthusiasts who ... -
Number of admitted hospital patients decrease
The number of in-patients in local hospitals fell by 13.0% year-on-year to 54,000, according to data from the Statistics and Census Service (DSEC). With an increase ... -
Distribution of cash subsidy wraps up
The distribution work of 2021 Wealth Partaking Scheme has concluded five weeks earlier than it did last year. The distribution of the annual cash handout ... -
Tourism | April’s visitors slightly rose to 795,000
There was a rise in April visitor arrivals of 5.3% month-to-month to 794,819, totaling 2,533,247 tourist arrivals in the first four months of the year. According ... -
TDM rejects alteration to editorial guidelines
Public broadcaster TDM has clarified that it will not alter its editorial guidelines, which had earlier stirred public controversy. In a reply to lawmaker Sulu Sou, ... -
Local resident found lifeless during mountain run
The Macao Government Tourism Office (MGTO) is following up on the local resident who passed away while on the Kailas Mountain Training Running Competition in ... -
Visitor expenditure surges 24% in Q1
The total spending of visitors arriving in Macau – excluding gaming expenses – increased by 23.5% year-on-year to MOP6.18 billion in the first quarter of 2021 ... -
IPIM pledges to review irregularities in residency application approvals
The Macau Trade and Investment Promotion Institute (IPIM) announced that it will conduct revisions to the permanent residency approvals of several cases, following the graft buster’s ... -
11 cases of forged investment residency applications: CCAC
The corruption watchdog has revealed that a businessman is suspected of forging documents to support applications for permanent residency under the Investment Residency category. According to ... -
Gaming | Galaxy cancels IR plans in Yokohama
Galaxy Entertainment Group will no longer participate in developing a proposed integrated resort (IR) in the city of Yokohama, south of Tokyo, in another blow for ... -
Economy | Moody’s: Growth volatility of Macau among the highest
Moody’s Investors Service confirmed the Macau SAR’s local and foreign currency issuer rating at Aa3, and maintained a stable outlook. In a statement, the rating agency ... -
Budget | Further cuts to gov’t spending in 2022
The Chief Executive Ho Iat Seng has announced that the SAR government will continue to retrench public spending next year, given the uncertainty of the city’s ... -
MGM concludes dual-listing of USD750 million senior notes
MGM China Holdings Limited yesterday announced that its USD750 million 4.75% senior notes due 2027, issued on March 26, 2021 and listed on the Stock Exchange ... -
SJM issues HKD 1.25b and MOP300m in senior notes
SJM Holdings Limited (SJM) recently announced that its wholly-owned subsidiary Champion Moments Limited had successfully issued senior notes in the Macau bond market in the amounts ...
