Morgan Stanley forecasts GGR growth of 28% in 2024

The gross gaming revenue (GGR) of local casinos should grow this year by 28%, investment bank and wealth management firm Morgan Stanley has forecast.

12,000 residents live and work in Hengqin

About 12,000 Macau residents live and work in Hengqin, of which 266 are students, according to the Administrative Affairs Bureau of the Cooperation Zone. 2024

City sees 1,000 MICE events in 2023

The Macau SAR saw some 1,000 conventions and exhibitions in 2023, achieving the city’s set target. According to data from the Macao Trade and

Transport Bureau pledges extra payment methods at HZMB parking

Additional payment methods will be introduced at the Hong Kong-Zhuhai-Macau Bridge West Carpark, the Transport Bureau (DSAT) has stated in response to an earlier inquiry by

Prosecutors allege publisher Jimmy Lai urged protests, sanctions against China

Prosecutors yesterday alleged that Hong Kong activist and publisher Jimmy Lai had encouraged the city’s residents to protest and urged the U.S. to take action against the

2023 GGR hits MOP183b, spurring increased investment

After three tumultuous years for the casinos, the sector experienced significant upturn in 2023 following the reopening of the borders. Macau’s casino revenues hit MOP183.06

Government leaders extend New Year greetings to SAR

Chinese President Xi Jinping, Chief Executive Ho Iat Seng, and representatives of the Central Government have conveyed greetings to the Special Administrative Region (SAR) to mark

Festive events highlight New Year celebrations in Macau

Festive events, such as countdown parties, performance galas and interactive community installations, have lightened up celebrations for this New Year in Macau. At the Sai

Regional realtor confident in 2024 property market

Forecasting interest rates to fall in 2024, a regional realtor has expressed confidence in the rise of both transactions and prices across the property market.

New mosque planned for local Muslim community

A new mosque is planned for construction this year, according to a report from Portuguese news agency Lusa. According to the report, local Imam Ding Shaojie

Macau makes solid progress in economic diversification in 2023

Despite an unusual cold wave, prosperity has returned to Macau near the end of this year, with major tourist spots and business areas crowded with tourists.

Ctrip: Macau among top 10 New Year destinations

Macau and Hong Kong are among the top 10 popular destinations for outbound tourism for the New Year holiday, according to Ctrip. Recently, Ctrip released

Cases of unlawful street crossing by pedestrians increasing

The number of cases related to unlawful street crossings by pedestrians continues to grow, the Public Security Police Force (PSP) noted in a written response to

New law, plan, and zoning of maritime areas under consultation

The government announced yesterday in a press conference that it is today launching a public consultation on a new law to regulate the maritime areas

China to deliver decent future growth despite challenges: Morgan Stanley economist

China has made remarkable progress in its economic recovery, says Morgan Stanley Chief China Economist Robin Xing, adding that although there are still challenges, he is

Macau’s purchasing power in 2023 nearly 30% lower than pre-pandemic levels

A report from Global Finance Magazine on the “Richest Countries in the World 2023” revealed that Macau’s per capita purchasing power this year dropped nearly 30% compared to

Christmas holiday arrivals exceed pre-pandemic levels

During the handover day, winter solstice and Christmas holidays, visitor arrivals in Macau reached 679,584. Provisional data shows that over 456,000 visitors traveled to

Economy to surge up to 21% in 2024

Macau's economy is forecasted to experience significant growth of between 8.3% and 21.0% in 2024, driven by diversification efforts. The University of Macau’s (UM)

IAS: Studies underway to formulate next phase of women development goals

Director of Social Welfare Hon Wai reiterated that sexual harassment was criminalized in 2017 in response to an inquiry made by lawmaker Ella Lei concerning women’s

CE pledges efforts to achieve initial 2024 goals in Hengqin plan

Chief Executive Ho Iat Seng highlighted the significance of the plan to boost the development of the Guangdong-Macao in-depth cooperation zone in Hengqin and its role

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