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

Cathay to cut 6,000 jobs and close Dragon Brand, says media report

Cathay Pacific Airways Ltd. will cut 6,000 jobs and close its Cathay Dragon brand, the South China Morning Post reported, as part of a strategic review to combat the deep

China’s economy plows on as world’s only major growth engine

China’s recovery from the coronavirus pandemic continued in the third quarter and showed signs of broadening in September as consumer spending accelerated, keeping the economy on track to be the

Wynn holds award ceremony for national drawing competition

Co-organized by Wynn Resorts (Macau) S.A. and the National Conditions Education (Macau) Association, the fourth ‘Wynn Cup – Macau Primary School Student National Education Drawing Competition’ award ceremony was held

Pansy Ho recounts experience of pioneering cultural tourism

Co-Chairperson and Executive Director of MGM China, Pansy Ho, was a guest speaker in the “New Concept, New Mindset, New Development” sharing session held on October 17, where she recounted

GOP megadonor Sheldon Adelson, wife finance anti-Biden group

Republican megadonor Sheldon Adelson and his wife have given $75 million to a new super PAC that is attacking Democratic nominee Joe Biden, an investment made amid GOP concern that

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