Wednesday, August 17, 2022


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Xi Jinping arrives in Macau


China President Xi Jinping arrived in Macau on Wednesday, to celebrate the 20th anniversary of its handover to China. According to local media, sec

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Suncity works with Chengdu to promote food culture


Suncity Group said its working with the Chinese province of Chengdu to help promote the region’s food culture.

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Diversification to “future proof” Melco: MS


Melco Resorts & Entertainment’s diversification away from its home base of Macau will help to “future proof” the company and help its EBITDA to outperform peers, according to analysts at Morgan Stanley.

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MQ Tech seeks diversification into gaming


Malaysian company MQ Technology Bhd is seeking shareholder approval to diversify into gaming related businesses, according to a recent filing to Bursa

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No real product diversification on the horizon: analysts


Meaningful diversification of gaming products will be a long time coming due to the slow turning wheels of regulation, said at panel of analysts at th

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Pansy Ho looking to Australia for diversification


MGM co-chairman Pansy Ho has reiterated the need for gaming companies to diversify given mainland China’s anti-gambling stance, The Australian repor

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Zhang reiterates Beijing’s support for diversification


China’s third highest ranking official Zhang Dejiang has re-emphasized the importance of Macau’s diversifying economy, adding the gaming hub has m

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Casino regulator to deliver keynote speech at MGS 2016


Director of the Macau Gaming Inspection and Coordination Bureau, Paulo Martins Chan, will be a keynote speaker at the MGS Entertainment Summit 2016. T

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Premier pushes for closer partnership with Macau


Chinese Premier Li Keqiang has reaffirmed China’s hopes to build more substantial economic and trade ties, and sound partnerships with Portuguese-sp

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Entertainment and SMEs are solution to Macau's slump, experts say


Experts at a seminar held in Hengqin said Macau should focus on bringing in more entertainment along with supporting local SMEs, TDM Macau reported. "

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Macau lawmaker says no need for more casinos


Lawmaker Pereira Coutinho voiced his disapproval of allowing more casinos to open following this week’s launch of Studio City and as the economy loo

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Macau's drive for diversification faces uphill climb


As Macau tries to emulate the Las Vegas model and set itself on a path of diversification, the city’s biggest strength - its proximity to China - wi

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Macau growth strong but diversification needed: Moody's


Macau retains a strong credit rating due its robust growth, large fiscal surpluses and the absence of debt, though its reliance on gaming is a credit

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Macau development on positive trend says Chui


Macau’s Chief Executive Fernando Chui Sai On said Macau’s overall development maintains a “positive trend,” but urged citizens to be aware of

MGM China CEO optimistic about Macau


MGM China CEO Grant Bowie says the gaming market will gradually stabilize despite 10 months of consecutive revenue declines, and that the public need

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Macau changing its game


Macau Chief Executive Fernando Chui Sai On sent a clear message to the casino industry in the first policy address of his second term in office this week - the government is no longer just paying lip service to diversifying the economy away from gambling. The...

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Macau to tighten regulation, push for more non-gaming activities


The Macau government has vowed to strengthen regulation of the territory’s gambling industry as casino licenses come up for renewal and will push fo

Galaxy Macau in $7.4 billion expansion plan


Marking a push to diversify from gaming, Galaxy Macau says it is planning to spend US$7.4 billion in new developments, including a recreation of New

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