E-commerce giant Alibaba is going to be a key investor in a HK$2 billion Greater Bay Area venture fund aimed at further integrating the region via startups in the Greater Bay Area.

The Greater Bay Area International Sports Business Summit in Macau will see Li Ning and Dwayne Wade come to the Galaxy Convention Center on February 23rd and 24th.

Lottery and integrated technology services company AGTech Holdings Limited has announced that its subsidiary, Macau Pass, has partnered with Chinese tech giant Alipay+ to expand the coverage of the cross-border payment business of MPay, the e-wallet operated by Macau Pass, to overseas countries.

Lottery and integrated technology and services company AGTech Holdings Limited posted a 120.9 percent increase in revenue for 1H23 to HK$294 million ($37.6 million), driven mainly by lottery and related business.

AGTech Holdings Ltd has announced that it has signed a three-year “strategic agreement” with Galaxy ICC & Arena Ltd, a subsidiary of Macau casino operator Galaxy Entertainment Group Ltd, for organizing cultural and entertainment activities in Macau. 

Lottery and integrated technology and services company AGTech has announced a HK$43.96 million ($5.6 million) loss for the third quarter of the year, more than triple the HK$10.23 million ($1.3 million) loss registered in the same period of 2021, however a turaround from the $14 million loss registered in the second quarter of this year.

An increasing number of Chinese consumers are jettisoning their brand-conscious and consumption-oriented lifestyles, choosing essentials over non-essentials amid an economic slowdown and dimmed employment prospects, Fitch Ratings reports. 

The Macau Chief Executive is expecting a gradual resumption of quarantine-free individual travel visas scheme in the city’s recovery plan.

AGTech Holdings Ltd reported a consolidated net loss pegged at HK$110 million ($14 million) for the second quarter of year 2022 which ended on June 30.

Macau’s gaming industry has been through a tumultuous few months that appear to have put the nail in the coffin for both the junket and VIP gaming industry, but have also raised questions over the broader future for the city’s casinos.