Author: Lynzy Valles, MDT
-
Gaming | Galaxy Q1 EBITDA triples year-on-year, pledges continued investment in town
Galaxy Entertainment Group (GEG) recorded an adjusted EBITDA of HKD859 million in the first quarter, more than triple year-on-year, as the SAR has seen a gradual ... -
Local investors allegedly involved in US deli controversy
Macau investors are allegedly involved in a U.S. based company that has topped USD100 million in market capitalization, despite its eatery earning less than USD36,000 in ... -
Urban Master Plan | New Macau calls on gov’t for more leisure spaces
The New Macau Association (ANM) has called on the government to consider both the general and the regional population needs concerning the draft of the Urban ... -
Sands China expecting to reach new heights on occupancy rates
Sands China Limited (SCL) remains confident in the performance of its newest property and continues to bet on the premium mass market. Based upon the gradual ... -
Qingmao Port to open after tests completion
Secretary for Security, Wong Sio Chak, indicated yesterday that as soon as the Financial Services Bureau hands over the new Qingmao Border Port to the competence ... -
Gov’t says ferry operators pledged to guarantee job security
Companies operating ferry services between Macau and Hong Kong allegedly made pledges guaranteeing employment opportunities for local workers, despite having laid off nearly half of their ... -
Gaming | SJM records HKD647million Q1 loss
SJM Holdings recorded a total loss of HKD647 million in the first quarter widened from last year’s loss of HKD409 million. According to the gaming operator’s ... -
International Museum | Day 14 museums to participate in upcoming carnival
The Macau International Museum Day Carnival 2021 on May 9 will feature a total of 14 participating museums to commemorate International Museum Day, themed as “The ... -
Consulate defends issuance of Level 4 travel advisory
The U.S. Consulate General in Hong Kong and Macau said that the change in the State Department’s Travel Advisory level to “Level 4: Do Not ... -
Suicide cases drops 44% to 10 incidents
The Macau SAR has recorded a total of 10 suicide cases (seven males and three females) from January to March this year, a decrease of 44.4% ... -
No approved residency applications for ‘major investment’ category in 2020
The Macao Trade and Investment Promotion Institute (IPIM) has not approved any residence applications based on the ‘major investment’ category last year. According to a ... -
French chamber to hold gala dinner to raise MOP50,000
The France Macau Chamber of Commerce’s (FMCC) annual gala dinner will finally be held at MGM Macau on May 28 after being postponed last year due ... -
Watchdog finds PSP officer misuses power, security breach
An investigation by the Commission Against Corruption (CCAC) has concluded that a police officer of the Public Security Police Force (PSP) previously stationed at the Outer ... -
Digital currency | Mainland may be able to monitor financial transfers in threat to casinos
Chief Executive Ho Iat Seng said that the government plans to amend laws to regulate the issue of a virtual legal tender, noting that it will ... -
Covid-19 | Third batch of mRNA vaccines arrived, gov’t to conduct ‘detailed’ test
The third batch of 29,250 doses of BioNTech vaccines arrived in Macau yesterday after being transported from Germany via Hong Kong, according to a statement issued ... -
Employment | Fresh graduates facing tougher time in finding jobs
New graduates are now facing an even tougher time in seeking employment compared to last year, despite the positive projection for the city’s current economy and ... -
Breaking News: Gov’t e-voucher scheme to grant MOP8,000 per resident
The government presented this morning the amended measures related to the electronic consumption vouchers (e-vouchers) as part of the third round of economic stimulus. The new ... -
Gaming | Melco Resorts awards Lawrence Ho with USD10m in shares
Lawrence Ho, chairman and chief executive of Melco Resorts and Entertainment Ltd, has been awarded a restricted stock compensation valued at approximately USD10 million. Accruing to ... -
Group claims scrapping of multiple Jetfoils underway
The Jetfoil Conservation Concern Group said that it believes that TurboJet has arranged the scrapping of recently retired Jetfoils at Wang Tak Engineering & Shipbuilding Company. ... -
Repatriation | 60 stranded passengers take chartered flight to Malaysia for transit
Some 60 stranded former non-resident workers in the Macau SAR were repatriated yesterday via AirAsia, some of them having medical conditions requiring urgent care. The return ... -
Hotel occupancy rate stood at 53% during recent holidays
Local hotel establishments saw an average occupancy rate of 53.1% between during Easter and Ching Ming Festival, a figure that represents an increase of 4.5% ... -
Economy | IMF predicts 61% growth, local economist believes otherwise
The International Monetary Fund (IMF) has predicted that the Macau SAR’s economy is expected to record a staggering growth of 61.2% year-on-year this 2021, after last ... -
Food bank receives over 1,000 applications in Q1
The Caritas Macau’s food bank recorded an 11% increase to reach a total of 4,698 applications to its food bank last year, amid the Covid-19 pandemic ... -
Tourism | 291,000 cross-border travelers over Easter, Ching Ming holidays
The number of cross-border travelers during the Easter holiday and the Ching Ming Festival amounted to over 291,000 as of 9 p.m. yesterday, according to the ... -
BioNTech jab administration back to normal
Health authorities have resumed administering the BioNTech Covid shots on Monday following investigations that concluded the recent emergence of defective vials did not pose a safety ... -
SARs temporarily suspend BioNTech vaccine amid ‘packaging defects’
The Macau SAR government suspended the BioNTech vaccination from yesterday following a request made during an online meeting with Fosun Pharma. The suspension requested by Fosun ... -
Petition on e-voucher scheme to push through this Sunday
The Public Security Police Force (PSP) has approved lawmaker Au Kam San’s request to protest the consumer e-voucher scheme on Sunday. The demonstrators will assemble at ... -
SAR discusses possible air link with Qatar
Chief Executive Ho Iat Seng has discussed with the Ambassador of the State of Qatar to China the prospect of both regions stepping up efforts to ... -
‘Golden Bus’ reduces service frequency
It has been announced that the shuttle bus service traveling via the Hong Kong-Zhuhai-Macau Bridge (HKZMB), colloquially known as the Golden Bus, will have its daily ... -
Tourism | Visitor arrivals plunge to just over 427,000 in Feb
Tourist arrivals in the Macau SAR has dropped to 427,122 in February, registering a decline of 23.3% month-to-month, according to the latest data provided by the ... -
Macau Hotel Association | Hotels to ‘stand together’ on gov’t’s stimulus package
The Macau Hotel Association (MHA) is set to meet tomorrow to discuss the possible promotional roll-outs it could offer in line with the upcoming e-voucher scheme ... -
Social housing | CCAC rules out malfeasance during Ilha Verde fire shutters replacement
The Commission Against Corruption (CCAC) said that its investigation did not find evidence that any departments or authorities had committed any illegal acts during the replacement ... -
AIPIM’s board to remain following absence of new candidates list
The current board of the General Assembly of the Macau Portuguese and English Press Association (AIPIM) will remain in their positions, as no list of candidates were submitted for ... -
Tourism | MGTO to promote city in Hangzhou to spur economic revival
The government is set to hold a roadshow in Hangzhou from March 26 to 28 in a bid to promote Macau’s tourism offerings amid its goal ... -
Gaming | Operators allegedly suspend customer services in mainland in wake of amended law
Some gaming operators in the city have allegedly dissolved or suspended their customer service teams in mainland China in order to avoid pitfalls from the recently ...
