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Macau overnight visitors rise 9.8 per cent last year

Macau welcomed 30.95 million visitor arrivals in 2016. The total number of visitor arrivals rose 0.8 per cent year-on-year. Mainlanders, Hongkongers and Taiwanese accounted for 90.3 per cent in total. 9 million visitors were Guangdong residents. While the number of visitors from the mainland and Taiwan rose the number of Hong Kong visitors fell. Among … Continue reading "Macau overnight visitors rise 9.8 per cent last year"

15 Nov, 2016

Macau government lists 9 more cultural heritage items

FOC TAC Temple on Bairro da Horta da Mitra. FOC TAC Temple on Rua do Teatro. FOC TAC Temple on Rua do Patane. FOC TAC Temple on Rua do Almirante Sérgio. The remains of old city walls (near estrada de S. Francisco, estrada do visconde de S. Januário and the Chapel of Our Lady of … Continue reading "Macau government lists 9 more cultural heritage items"

15 Nov, 2016

Mass market baccarat ends 2016 with higher revenues at Macau’s casinos

Mass market baccarat ends 2016 with higher revenues at Macau’s casinos Mass market baccarat ended 2016 with an increase of 0.9% reaching US$9.612 billion. VIP baccarat continued being the main casino game in 2016 with gross revenues of US$14.870 billion representing a drop of 6.93% compared with 2015. VIP baccarat and mass market baccarat are … Continue reading "Mass market baccarat ends 2016 with higher revenues at Macau’s casinos"

15 Nov, 2016

Chief Executive vows Macau will follow Xi’s guidelines

Macau will follow the guidelines laid out by President Xi Jinping to become “a centre and a platform” within the central government’s Belt & Road Initiative. Macau will strengthen co-operation with the countries and regions along the Belt & Road routes, namely with the Guangdong and Fujian provinces. Macau’s development will continue to be conducted … Continue reading "Chief Executive vows Macau will follow Xi’s guidelines"

15 Nov, 2016

Macau gaming revenue falls 3.3 per cent in 2016

Macau gaming revenue falls 3.3% in 2016 for the 3rd year in a row. Gaming revenue fell to MOP 223.2 billion (US$28.0 billion) in 2016, according to government data. However, December revenue rose 8% from a year earlier to MOP 19.8 billion (US$2.48 billion). It’s the 5th consecutive monthly rise in gaming revenues since June … Continue reading "Macau gaming revenue falls 3.3 per cent in 2016"

15 Nov, 2016

Macau’s population increases 17.8 per cent since 2011

Macau´s population reached 650,900 in August this year. Population increased 17.8 per cent since 2011 according to Statistics and Census Service. in the last five years. The youth population (0-14) amounted to 12 per cent of the total city population. Residents aged 65 or above represent 9.1 per cent. Macau has more females (336,800) than … Continue reading "Macau’s population increases 17.8 per cent since 2011"

15 Nov, 2016

The government has announced 1,000 road works will take place in 2017

The government has announced 1,000 road works will take place in 2017. Almost 70% of the road works will be in the Macau peninsula. Some of the road works will take up to 3 years. These roadworks will improve the sewage, electricity, water and flyovers systems. The government has set out special measures to reduce … Continue reading "The government has announced 1,000 road works will take place in 2017"

15 Nov, 2016

Live poultry sales in Macau have been suspended due to bird flu

Municipal authorities ordered the killing of 10,000 chickens and pigeons imported from mainland China. The decision was taken after discovering the H7 strain of the avian influenza virus (AIV) in the supply market. None of the affected poultry were delivered to municipal markets. Live poultry sales were also banned in February and June of 2016 … Continue reading "Live poultry sales in Macau have been suspended due to bird flu"

15 Nov, 2016

Macau returns to economic growth in 2017, says the EIU

Macau’s GDP will return to growth in 2017, according to the Economist EIU report on Macau. GDP is expected to grow 5.2% in 2017 and 5.3% in 2018. In 2015, the economy contracted 21.5% and should fall 3.5% this year. EIU forecasts that investment will fall 8.5% in 2017 but will return to growth in … Continue reading "Macau returns to economic growth in 2017, says the EIU"

15 Nov, 2016

Traffic conditions will improve in 5 to 10 years

Macau Secretary for Transports and Public Works Raimundo do Rosário announced traffic conditions will improve in 5 to 10 years. Until then… Road works will be worse in 2017 due to electricity improvements. The Taipa jetfoil terminal will open in the second semester of 2017. The Taipa light rail train will be start operations in … Continue reading "Traffic conditions will improve in 5 to 10 years"

15 Nov, 2016

Macau’s gaming revenue posted a 8.8% increase in October

Macau’s gaming revenue posted a 8.8% increase in October. Revenues in October reached US$ 2.73 billion. Macau’s gaming revenues are up for the 3th consecutive month. The results reverse a 26 month slump for Macau’s 38 casinos. Analysts forecast that gaming revenues will grow 11% in November.

15 Nov, 2016

Macau’s GDP grows again after a 2 –year shrinkage

Macau’s gross domestic product (GDP) grows again after a 2 –year shrinkage. GDP grew 4% year-on-year in real terms in the third quarter, announced the Statistics and Census Bureau. The bureau attributed the return to growth to a rebound in both exports of services and investment. External demand showed improvement, leading to a pickup in … Continue reading "Macau’s GDP grows again after a 2 –year shrinkage"

15 Nov, 2016

Macau visitors’ expenditure between July and September 2016 increased by 17.4%

Macau visitors’ expenditure between July and September 2016 increased by 17.4%. The first time in 15 consecutive months that expenditure has increased. The 8.1 million visitors, mainly from mainland China spent US$ 1.83 billion in Macau in the 3rd quarter. This increase was attributed to a surge in spending by overnight visitors. More money has … Continue reading "Macau visitors’ expenditure between July and September 2016 increased by 17.4%"

15 Nov, 2016

Chief Executive 2017 policy address

The government has forecasted 200 billion patacas (US$ 25 billion) in gaming revenue in 2017. 38 casinos to generate 166 million patacas (US$ 18 million) of revenue per month in 2017. Gaming revenue from January to October 2016 reached 184.6 billion patacas (US$ 23 billion). Official forecast for 2016’s gaming revenue is also 200 billion … Continue reading "Chief Executive 2017 policy address"

15 Nov, 2016