Antitrust | China clampdown on big tech puts more billionaires on notice

China’s most powerful companies, jolting investors and dealing a blow to the country’s richest entrepreneurs. Beijing yesterday unveiled regulations to root out monopolistic practices in the internet industry, seeking to curtail

MGM sponsors Phantom Pro Racing team to make its debut at Grand Prix

At the 67th edition of the Macau Grand Prix, MGM is venturing into GT and is sponsoring Phantom Pro Racing, the official partner of AMG China and the Annual Team Champion

Sands Cares Ambassadors participate in charity bazaar

Around 140 Sands Cares Ambassadors volunteered at the 51st Caritas Macau Charity Bazaar at Nam Van Lake Nautical Centre Saturday and Sunday, where they ran a game booth to raise

Giant Pharma | Pfizer’s Covid vaccine prevents 90% of infections in study

The Covid-19 vaccine being developed by Pfizer Inc. and BioNTech SE prevented more than 90% of infections in a study of tens of thousands of volunteers, the most encouraging scientific

Luxury vehicles, booming sales in China boost BMW profits

German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as sales boomed in China and highly profitable luxury models such as the 8 Series

Ant | IPO Debut of Chinese e-finance giant derailed by fear of risks

The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing’s anxiety about risks in the fledgling industry, jarring global investors and

Luxury retail | Estee Lauder says duty-free sales in China, Macau, HK, are bouncing back

Estee Lauder Cos. sees a revival in China’s tourism - a promising sign in a critical growth market for international brands. Chief Executive Officer Fabrizio Freda said that Chinese travel stores

Insiders behind sports betting IPO Gan get first chance to sell

Insiders behind Gan Ltd. can sell their shares for the first time today, with enthusiasm for the future of sports gambling having already been dimmed by a new wave of

Chinese manufacturing expands in October but at slower pace

China’s manufacturing activity expanded in October for the eighth straight month, though at a slightly slower rate than in September, the National Bureau of Statistics said this weekend. The Purchasing Managers’

GEG concluded eight responsible gaming awareness event

Galaxy Entertainment Group (GEG) has organized the “Responsible Gaming Awareness Week” for its team members for the eight consecutive year, the gaming operator said in a statement. Held for three consecutive

Corporate Bits | Sands China launches new collaboration with M-Mark

Sands China Ltd. held a food safety and hygiene awareness training session for local SME suppliers at The Venetian Macao’s Adelson Advanced Education Centre, along with a workshop to introduce

Corporate Bits | MGM holds roadshow to promote occupational health, safety

In view of raising team member’s awareness on occupational health and safety, MGM organized the “Healthy Workplace Happy Life” activity this month, with the support of Labour Affairs Bureau (DSAL), the Macao

Gaming | Still hampered by virus, US casinos want aid in recovering

The U.S. casino industry is seeking tax and regulatory relief from the government as it tries to recover from the coronavirus outbreak, which cost states more than $2 billion in

Exodus of online casinos empties Manila’s residential towers

An exodus of online casinos from Manila is slowly emptying the Philippine capital’s residential towers, pulling rents lower, according to property broker KMC Savills Inc. Next year could be worse,

HSBC CFO says shift to remote working may help deepen cost cuts

HSBC Holdings Plc is counting on the new normal spawned by the pandemic to boost its cost-cutting effort. A shift in customer behavior could reduce the bank’s reliance on its physical

Bank of China aims to boost debt team on offshore deal surge

Bank of China Ltd. plans to expand its headcount in the offshore bond business by 40% as it fights with global banks for a greater slice of a market that’s

China to sanction Boeing, Raytheon over arms sales to Taiwan

China will impose unspecified sanctions on the defense unit of Boeing Co., Lockheed Martin Corp., and Raytheon Technologies Corp. after the U.S. approved $1.8 billion in arms sales to Taiwan

Huawei, China firms said to seek curbs on Nvidia’s arm deal

Chinese technology companies including Huawei Technologies Co. have expressed strong concerns to local regulators about Nvidia Corp.’s proposed acquisition of Arm Ltd., people familiar with the matter said, potentially jeopardizing

Lai Heen at The Ritz-Carlton launches two new tasting menus

The Michelin-starred Lai Heen at The Ritz-Carlton, Macau has introduced two tasting menus to feature the flavors crafted by the restaurant’s Executive Chef, Jackie Ho, which capture the essence of

Shine Spa at Sheraton Grand Macao rolls out treatment packages

Shine Spa at Sheraton Grand Macao is offering a new range of great value offers and treatment packages, available now until December 19 and starting from MOP588, the integrated property

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