MGM net revenues decline

MGM China Holdings’ net revenues reached approximately HKD6.2 billion in this year’s third quarter, representing a two percent decrease compared to last year, when the company’s net revenues accounted for

Gov’t issues “ultimatum” to yellow taxi company

Catarina Pinto, João Pedro Lau a-cab services or it will be required to cease its current operations after November 6. Vang Iek’s license was extended in February for an additional nine months,

Mahjong, Hong Kong, CY Leung

“Now Hong Kong people are to run Hong Kong; that is the promise and that is the unshakeable destiny.” To be rich is glorious,” didn’t Deng Xiaoping say, although

Macau Foundation hands over millions to celebrate MSAR anniversary

Other major beneficiaries of Macau Foundation subsidies in the last quarter include the Women’s General Association of Macau, which was granted MOP20m to fund the first stage of the Fu

Jaime Carion retires after health problems

The Director of the Land, Public Works and Transport Bureau (DSSOPT), Jaime Carion, is retiring after working 36 years as a public servant due to a health problem, he told

New hotel trains employees to cater mainland guests

The senior management of JW Marriott Macau and the Ritz-Carlton Macau said that the local human resources issue is currently a challenge for the two hotels. They are expected to

EDP and China Three Gorges set up company in Macau

Portuguese electricity company EDP (Energias de Portugal) and its largest shareholder, China Three Gorges, will be establishing a company based in Macau to operate dams in Africa and Latin America.

Berjaya mulls Singapore IPO of unit, seeks casino ventures

Berjaya Corp. is considering selling shares in a unit in Singapore and seeking joint ventures in casinos in North Asia as the Malaysian conglomerate expands outside its home market. Listing its

Lenovo wraps up purchase of Motorola phone unit

Lenovo Group announced the completion of its acquisition of Motorola Mobility from Google Inc. yesterday in a move aimed at making the Chinese computer maker a global smartphone brand. The USD2.9

Corporate Bits | Sands brings Australia’s Cullen Wines to Copa Steakhouse

Wine lovers will not want to miss the chance to enjoy freshly- prepared, distinctive courses paired with five Cullen wines, including three that have scored over 91 points by renowned American

Real Estate Matters | Top 20 Questions On Renting A Property In Macau – Part 4 Renting an apartment can be a traumatic experience

(A version of this article was published in January 2012) With sales prices at a record high, most people arriving in Macau for the first time are looking to rent a

Project Poker | Strategy tip: Playing live tourneys

When playing in a live tourney that has a good structure, this would be a strategy that I would apply: assuming that there are many amateurs in the field, I

Mozambique | Gov’t prepares eight new contracts for coal mining

The government of Mozambique will sign eight new contracts for coal mining within two years, the Mozambican Minister of Mining Resources revealed  Wednesday in Maputo. Minister Esperança Bias said that six

Banco Económico replaces Banco Espírito Santo Angola

The changes were made during an extraordinary general meeting of shareholders held Wednesday in Luanda, in compliance with the stipulations of the Angolan central bank, which will thus end its

Beijing’s efficiency drive targets mahjong

According to an article by Patti Waldmeir, the move is the latest in a series of austerity measures implemented by President Xi Jinping to tackle corruption and improve efficiency in

Tencent working to make WeChat remote control for your oven

Asia’s second-largest Internet company is working with appliance manufacturers and third-party developers to allow users to control home hardware from their phones and tablets, Chief Operating Officer Mark Ren said

Sri Lanka | No hope finding mudslide survivors

There was no hope of finding survivors after a mudslide tore through a tea plantation, a Sri Lankan disaster official said yesterday, amid widely conflicting reports about how many people had been

Australia |New law targets leakers, not reporters

A contentious new law that carries a prison term for anyone who reveals information about certain secret security operations was aimed at Edward Snowden-like leakers rather than investigative reporters, Australia’s attorney-general said

Survey | Asia finds money brings happiness

Emerging Asian nations are finding out what developed ones did years ago: money — and the stuff it buys — brings happiness. Levels of self-reported well-being in fast-growing nations like Indonesia,

Israel | Arab suspect in Jerusalem shooting killed by police

A Palestinian man suspected in the shooting of a prominent Jewish nationalist in Jerusalem was killed by police officers during an overnight arrest raid, Israel police said. The suspect died in

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