Gaming
GEG decides on deluxe after all. Galaxy Entertainment Group is now planning to expand the capacity of its 5-star hotel.
Economy
More non-performing loans are coming to light. From Mainland Chinese banks, which are now avoiding risky borrowers. More selectivity feeds back to less credit for gamblers and junkets in Macau.
Property
Receipts are up for the service sector. Plus expenditure and number of persons engaged. Real estate management led the way. While advertising services registered the biggest growth in number of establishments.
Economy
Inflation reached 5.82 percent in September. Below 6 percent, thus an eight-month low. Food prices increased 5.2 percent. But rents surged 12.2 percent.
Society
Bus drivers are being assaulted. One is currently recovering from surgery. Discontented passengers are to blame. Bus operator Transmac alone has reported nine such incidents. Violence ranges from verbal abuse to physical confrontation.
Society
Delays are inevitable. Legislators and government representatives do not see eye to eye on the draft bill on Employment Contracts for Public Services.
Gaming
It’s just a matter of months. For the first time, mass market revenues are set to overtake those of VIP in Macau. In six months, the mass share in total revenues has jumped from 35 to 44 percent. The high rollers market may be permanently becalmed, analysts tell Business Daily
Politics
Macau residents are taking notice. Considerably cheaper new-build residential property is coming onto the market in Hengqin.
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