Sunday, December 15, 2019

Macau

Macau’s December starting weaker than expected

The upcoming visit by Chinese President Xi Jinping and tighter visa controls starting from November is having a stronger effect on Macau GGR than...

MGM China appoints new independent non-executive director

Simon Meng has been appointed as an independent non-executive director, a member of the Audit Committee, the Nomination and Corporate Governance Committee, and the Remuneration Committee of MGM China Holdings.

Launch of Taipa to Cotai rail services

The much-delayed Taipa to Cotai section of the Macao Light Rapid Transit (Macao LRT) opens Tuesday, with inauguration ceremonies to be led by Chief Executive Chui Sai On.

Nov and Dec tourist numbers looking grim: MGTO

The director of the Macau Government Tourism Office (MGTO), Maria Helena de Fernandes, said visitor arrivals in November and December may see a year-on-year...

SJM raises MOP2.86m in charity auction

SJM Holdings said it has raised MOP2.86 million ($354,848) in a charity auction ahead of the 20th anniversary of the founding of the Macau Special Administrative Region.

Impressive achievements, but still room for improvement

At the time of its handover to China in 1999, Macau’s transition from a colonial outpost to a semi-autonomous global gaming powerhouse was far from assured.

Macau 2020 and beyond

The 1999 handover and casino liberalization policy put in place a new phase of development for Macau. All six casino licenses are soon set to expire and once the retendering process has been enacted, Macau will enter a crucial next phase. 

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.

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...

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