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Lawrence Ho: Melco’s growth strategy in Macau validated
In an interview with Bloomberg television, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho asserted that his firm’s rising profitability at a time when the local market is being by decline represents proof that Melco’s strategy is working.
AgTech to supply lottery terminals in Zhejiang and Henan
AGTech Holdings Limited reported to the Hong Kong Stock Exchange on Thursday that one of its wholly-owned subsidiaries had won the lottery terminals procurement tenders to supply lottery terminals to the Sports Lottery Administration Centers in Zhejiang province and Henan province.
S&P cuts China growth forecasts, sees Asia 2020 as disappointing
S&P Global Ratings has cut its forecast for China’s economic growth next year and said overall expansion in Asia Pacific will be disappointing at about 4.7 percent.
Macau to provide more concession detail in April
Macau’s incoming Secretary for Economy and Finance Lei Wai Nong said the government will provide more detail on the re-tender process for the six casino concessionaires in April, 2020 and stressed the priority will be on the interests of the local people.
Lei Wai Nong
Appointed as the fifth Secretary for Economy and Finance on Dec. 1, 2019, replacing Lionel Leung Vai Tac. Lei was born in Fujian in...
Macau GGR down 8.5 percent on weak VIP
The Gaming Inspection and Coordination Bureau over the weekend that Macau GGR for November came in at MOP22.9 billion (about US$2.8 billion), down 8.5 percent year-on-year.
Dynam installs slot machines at Legend Palace Casino
Dynam Japan Holdings has announced that it has installed three models of slot machines at the Legend Palace Casino in Macau.
Twenty years of gaming twists and turns
The 20th anniversary of the Macau Special Administrative region is upon us. When it comes to gaming, these were not two linear decades. There were plenty of twists and turns.
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.
Amax reports 54 percent drop in revenue
Amax International Holdings Limited has reported a 54 percent year-on-year drop in revenues in the six-month period ending September 30 to the figure of HK$28.5 million (about US$3.6 million).