Credit Suisse: avoid Macau gaming stocks

Credit Suisse has released a report recommending that conservative investors avoid buying stakes in Macau’s gaming stocks. This advice comes in light of the weaker-than-expected Gross Gaming Revenue (GGR) indicators

China slowdown could halve world growth

Oxford Economics has published a report assessing the potential global ramifications of a slowdown in China’s economic growth, indicating 46 other economies that would likely be affected. The group has

T’Way commences Seoul–Macau route

South Korea is a popular tourist destination for Macau residents. It is believed the new flight will better meet consumer demand during peak seasons such as Christmas. T’Way Air is a

Cooperation | MSAR, Shenzhen intend to create joint logistics hub

The development of the “Dawan area” – a logistics hub in the coastal areas covering Guangdong, Hong Kong and Macau – and the strengthening of cooperation on tourism are two

Studio City unveils magic centered attraction featuring stellar line-up

Celebrated illusionist Franz Harary has brought an award-winning line-up of magicians to Studio City’s new entertainment attraction, “The House of Magic,” which opened to the public yesterday. Packed with hundreds of

DSI launches Basic Law info website

The Identification Services Bureau (DSI) has set up a website to inform residents about their fundamental rights and duties under the jurisdiction of the Basic Law. The website, which was

2016 Policy Address Merging of juvenile detention center and Macau Prison raises questions

The second day of debate regarding the policy address for the Security sector continued yesterday at the Legislative Assembly (AL) on the topic of the merger of the institute for

New measures to ease border congestion

“We are working on this for the tourists. We will try to implement this next year in all border points,” said the director, stating also that this new system is

Gaming | Casino revenue falls 32pct amid ongoing pressure on VIP market

Macau’s casino revenue fell for the 18th straight month in November, as China’s moves to curb illicit money flows from the mainland deterred the high-stakes players who rely on junket

Paulo Chan vows to put gaming industry in order

Former Assistant Public Prosecutor-General Paulo Martins Chan was officially sworn in yesterday as the director of the Gaming Inspection and Coordination Bureau (DICJ), bracing himself for a new chapter of

Gov’t cautious over coupon scheme to spur spending

November’s gaming earnings have been the lowest of the year so far, which came as little surprise to the authorities. The government is currently exploring the viability of distributing coupons

Arts | Sculpture exhibition celebrates local traditions

The exhibit, organized by the Cultural Affairs Bureau, features works by Zhang Zexun, in the style of her family clay figure collection – artistic representations of figures inspired by legends,

Trade law debated in int’l conference

The conference held several discussions on international trade laws and how the harmonization of these laws could be conducive to the future development of the private sector. Legal experts were present

New requirements for lithium batteries on aircraft

The new regulations state that electronic devices with lithium batteries will be permitted both in hand luggage and in checked-in baggage, provided that the batteries do not exceed 2 grams

MICE records exhibition-led growth

The Meetings, Incentives, Conferences, and Exhibitions (MICE) industry recorded a strong growth rate in the third quarter of 2015, according to information from the Statistics and Census Service. This comes

Economy shrinks 24pct as gambling malaise persists

Macau’s economy contracted a fifth straight quarter as the world’s largest center of gambling was pummeled by an economic slowdown in China and the government’s attack on corruption which scared

EU-Macau Committee marks milestone in training cooperation

The 20th European Union (EU)-Macau Joint Committee meet- ing, held here on Friday, concluded with the announcement of further cooperation in the fields of legal training and innovation. The meeting allowed the

2016 Policy Address | Gov’t to launch anti-cybercrime center, tighten video surveillance

Security authorities plan to launch preparatory works next year for a new network security center as part of their premeditated anti-cybercrime efforts, the Secretary for Security Wong Sio Chak hinted

Civil servants set up association to promote positive image

The Macau Youth Civil Servants’ Association’s founding members were sworn in on Sunday in the presence of major officials and representatives of other youth-oriented organizations. “The MSAR government has long valued

IFT students thanked for support of creative industries

Final year students of the Tourism Retail and Marketing Management program at the Institute for Tourism Studies (IFT) have successfully completed a visual merchandizing and store design project. The project

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