Li Keqiang was endorsed as the Premier of China’s State Council at the first session of the 12th NPC in Beijing on March 15, 2013.
China’s economy is seeing renewed strength in premium activity, driving demand for luxury cars and VIP gaming in Macau, though longer term the outlook for the high roller segment is muted, according to research from Bernstein. The firm said the strength is being driven by resurgent liquidity growth; improved consumer sentiment; strong property prices and […]
Macau saw its ADR grow to MOP 720 million in the last week, representing a 12.2 percent growth compared to the week before, according to Bernstein in a note on Monday. According to the brokerage, the increase in ADR is partly due to the visit by the Chinese Premier Li Keqiang in the Oct. 11-16 […]
Macau gross gaming revenue results for the week October 11-16 was worse than expected with significant slowdown following the golden week period, said Bernstein in a note on Monday. According to the brokerage, Macau’s month-to-date GGR is MOP 12.7 billion ($1.6 billion), while last week’s ADR was MOP 491 million, down 50 percent week-on-week. “The […]
Macau’s gross gaming revenue for the first 10 days of October hit MOP 9.8 billion, implying an ADR of MOP 975 million, said Bernstein in a note on Tuesday. The ADR is well above last month’s ADR of MOP 613 million as expected, due to the Golden Week Holiday from October 1-7, which also showed […]
Chinese Premier Li Keqiang has reaffirmed China’s hopes to build more substantial economic and trade ties, and sound partnerships with Portuguese-speaking countries, Xinhua reports. The Premier made the comments at the fifth Ministerial Conference of the Forum of Economic and Trade Cooperation Between China and Portuguese-Speaking Countries, which he has attended as part of his […]
Chinese premier Li Keqiang has arrived in Macau on Monday to begin his three day visit. According to the Macau government website, Premier Li is scheduled to deliver a keynote speech at the opening ceremony of the 5th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macao). During […]
An upcoming visit by Chinese Premier Li Keqiang from October 10 and 12 is unlikely to put a major dent in the month’s gross gambling revenue, the South China Morning Post cited analysts as saying. Angela Han, a Hong Kong-based analyst from China Merchants Securities and Sophie Lin, an analyst at the ratings agency S&P […]