2015 in review | WSJ: A ‘rotten’ year for the gaming industry

This year has been a wild and unpredictable one for Macau’s gaming industry, which has suffered from repeated complications and is now mired in the worst recession of its short

Gaming | Fitch expects Crown Resorts revenue decline to continue

Australian-listed casino empire Crown Resorts can expect “a few more years of declining earnings,” according to Fitch Ratings. The international ratings agency said that James Packer’s company will continue to suffer from dwindling dividends

Briefs | Light Festival extended to New Year’s Day

The Macau Polytechnic Institute announced in a press release its Alumni Association’s exchange visit to Hong Kong Airlines and Hong Kong Lingnan University, headed by Wong U Kei, Chairman

Traditional Chinese medicine gets popular in the US

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Adelson’s purchase of newspaper mired in controversy

Reporters at The Las Vegas Review-Journal revealed Macau casino-owner and billionaire Sheldon Adelson as the buyer of their newspaper. Adelson’s son-in-law had anonymously arranged the purchase of the broadsheet earlier

Zone A construction extended to 2017

The reclamation contract of Zone A has been formally extended from 2015 to 2017, according to a notice published in the Official Gazette this week. The extension follows an announcement made

Billionaire Cheng transfers holdings to family, sells assets

Hong Kong billionaire Cheng Yu-tung transferred some of his stock holdings to family funds and agreed to sell USD3.2 billion of Chinese property projects as the 90-year tycoon reorganizes his

Gov’t releases reports on latest elections

The reports, composed by members of the Electoral Affairs Commissions for both elections, pertain to the 2016 electoral regulation amendment and related bills, which will be released following a public

CRIME | College student falls prey to new phone scam

The female local student, in her early 20s, hid herself in an undisclosed location after she was told in a call that police authorities had withheld a parcel she had

Border crossings leap 9pct over Christmas

Around 1.1 million were tourist arrivals, representing a growth of 9.92 percent year-on-year. In 2014, the total number of tourist arrivals reached 1.3 million for the period between December 20 and

‘Tourist police’ on the horizon

The measure follows a recent announcement made during the Policy Address debate, where it was hinted that authorities could establish a “tourist police.” Secretary for Security Wong Sio Chak said then

IC launches cultural and creative map

The map will display cultural and creative spaces in the SAR as selected from the Database of Cultural and Creative Industries. The existing edition of the CCM Map covers the city’s

Heritage | Traditional pawnshop exhibition reopens in January

The Heritage Exhibition of a Traditional Pawnshop Business will be open to the public from 1 January to showcase the history of Macau’s pawnshop business. The exhibition venue was formerly

Gaming | Bulls return to Melco Crown as revenue mix offsets Macau slump

After a nearly two-year slump, some analysts are saying the worst is over for Melco Crown Entertainment Ltd. Macau’s fourth-largest casino operator has been accumulating buy ratings after the total

875 Macau companies registered to operate in Hengqin

As many as 875 Macau companies have now registered their commercial operations in order to conduct business in the Hengqin pilot Free Trade Zone (FTZ), as new developments continue to

Macau Indies 2016 calling filmmakers

The Macau Cultural Centre (CCM), which hosts the festival, says that the deadline for submission of film and video productions is January 8. The categories open to submission are “feature”, “animation”,

Exhibition of fishing junk models opens today

The exhibition entitled “The Mastery of Shipbuilding – Fishing Junk Models by Wan Chun” which was organised by the Historical Archives of Macau under the auspices of the Cultural Affairs

Number of tourists drops by 7.6 percent

The number of visitor arrivals to Macau totaled 2,589,451 in November. According to information released by the Statistics and Census Service (DSEC), this figure represents a drop of 7.6 percent

Gov’t income slumps almost 30 percent

The public administration revenues between January and November amounted to MOP102.2 billion, down almost 30 percent from the same time last year. Public spending has reached MOP62.2 billion, constituting a

Briefs | Top officials attend Liaison Office vice head’s funeral

Major government officials yesterday morning bid farewell to the former deputy director of the Central Government Liaison Office in Macau, Chan Kai Meng, at the Kiang Wu funeral parlor. Chan

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