Thursday, July 07, 2022


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Gaming to continue to drive Macau’s wealth


Twenty-nine years ago I visited Macau for the first time. It was a consolation day trip from Hong Kong for not being able to apply and obtain a visa to enter China in less than a week when I had only four days to spend.

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Indochina opportunities clouded by political, economic risks


Despite regulatory uncertainty and a relatively high risk profile, land-based operators will be closely watching developments across the Indochina reg

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Risk consultancy warns of anti-corruption revival


China appears to be ratcheting up its campaign against corruption once again ahead of the Chinese Communist Party Congress later this year, a leading

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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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Outlook improves, but China remains in driver’s seat


Macau got off to a good start in January, with GGR in the initial weeks higher than expected, though few expect any return to the stellar growth rates of the past, with China still likely to be the driving factor for casino operators. Beijing’s crackdown...

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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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Macau economy bottoming out: Monetary Authority


Macau’s economic contraction may be bottoming out as the gaming industry begins to stabilize, says the Monetary Authority of Macau in its latest qua

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Difficult to predict GGR: Leong


Macau’s Secretary for Economy and Finance said it is difficult for the government to predict the city’s gaming revenue for the second half of 2016

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Emperor Entertainment warns profit to drop


Emperor Entertainment, operator of the Grand Emperor Hotel in Macau, has warned that it expects profit in the year that ended in March 2016 to decreas

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China’s five-year plan is “good news” for Macau


China’s 13th Five-year-Plan will be “good news” for Macau and Hong Kong, according to a spokesman for the Chinese People’s Political Consultat

Casino stocks tumble as China macro woes add to pain


Shares in Macau’s casino operators started the year on a black note, with all recording sharp losses after weaker-than-expected Chinese economic dat

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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'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 to "spare no effort" in economic diversification


Macau’s chief executive said the government will spare no effort in diversifying the economy during this consolidation period for the gaming industr

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Macau unemployment rate for April to June stable at 1.8 percent


Macau’s unemployment rate for April to June remained stable at 1.8 percent as in the previous period, March to May. Total employment decreased sligh

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Macau gov't records surplus of MOP25 billion in first six months of 2015


 The Macau government recorded a surplus of MOP25.2 billion during the first six months of the year, higher than the target budgeted by the governmen

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Macau fiscal surplus down 54.9 percent


Macau recorded a fiscal surplus of MOP25.28 billion ($3.16 billion) in the first five months of 2015, down 54.9 percent from the same period the year

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Macau negative economic growth to narrow in 15Q2 and 15Q3


A Bank of China think tank expects negative economic growth for 15Q2 and 15Q3 to narrow as gross gaming revenues stabilize after 12 months of declines

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Table cap outdated with industry's growth says economist


The Macau government’s table cap is a measure that is outdated with the industry’s current growth and evolution, a Macau economist told local news

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