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Economy
Gaming
CLSA analyst predicts an average 7 pct growth in gross gaming revenue in Macau casinos in the next five years.
Gaming
Economy
The Secretary for Economy and Finance is the last of the Secretaries to talk exclusively to Project Asia Corp. media group, proprietor of Macau Business, Business Daily and Business Intelligence amongst other titles. Lionel Leong sends a clear signal to gaming operators. Gaming tables will not be divided equally and will depend upon investment in non-gaming activities and other factors. Macau is now leaning towards a new financial leasing model to diversify its unique role - and conferences are now the strongest sector of the MICE industry.
Business
Empresa Hoteleira de Macau announced yesterday that the ownership transfer made last October is in lieu of bad debts.
Gaming
DICJ plans to raise capital requirements for gaming promoters and is preparing to set up a credit database to weed out risky gamblers.
Society
The latest leaks show that lawyer Vong Hin Fai and auditor Leong Kam Chun jointly own an active BVI company set up in 2004. But Mr. Vong, having declared the company to the local supreme court, told Business Daily that there is nothing to hide.
Society
Four local groups are to stage protests urging the government to rescind its 100 million yuan donation to Jinan University but local alumni and student associations of the University have a different opinion.
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