• Fri
  • Aug 22, 2014
  • Updated: 2:58pm

Economy of Macau

Macau casinos' revenue climbs to HK$290b in 2012

Macau's casino industry put in a stronger-than-expected performance in December, ending the year with record gross gaming revenue both in annual and monthly terms.

Thursday, 3 January, 2013, 4:36am

Budget travellers squeezed in Macau

Budget travellers may find once-sleepy Macau offering them fewer options as most hotel rooms in the "Las Vegas of the East" are now supplied by five-star hotels.

3 Dec 2012 - 5:57am

Macau residents get record 8,000 pataca handout

Macau residents will receive their biggest cash handout next year since 2008 - 8,000 patacas for permanent residents and 4,800 for non-permanent ones, Chief Executive Dr Fernando Chui Sai-on said in his policy address yesterday, in which "Macau people, Macau land" was mentioned for the first time.

14 Nov 2012 - 4:35am 2 comments

US$50 million Macau fund injection shows confidence in city

Sniper Capital, a manager of real estate funds invested in Macau, is raising a capital injection for its fund that invests in the food and beverage industry and retail properties in view of the strong economic fundamentals in the city.

19 Sep 2012 - 3:19am

Main attractions at the Macau International Music Festival

Highlights of the 26th Macau International Music Festival

10 Sep 2012 - 9:33am

Casino ban seen as raw deal for young

A law banning under-21s from casinos in Macau has stirred a fierce debate among academics and workers' associations in the city.

The new rule, which takes effect in November, is designed to reduce problem gambling.

It is also seen as an attempt to close off the gambling industry to young workers and diversify the city's fast-growing economy.

15 Aug 2012 - 11:30pm

Tables turning at Macau casinos

Gaming revenue in Macau edged up 1.5 per cent in July, beating some predictions of a downturn on a year-on-year basis. But the growth is still the slowest since the global financial crisis in 2008-09.

15 Aug 2012 - 10:51pm

Public projects get tiny slice of Macau's billions

Macau is raking in billions from its gambling boom - but only a tiny fraction of it is being invested in infrastructure.

29 Jul 2012 - 12:00am

Macau's bet on non-gaming revenues slow to pay off

It's dead on a spring afternoon at the Macao Museum of Art, where a handful of visitors peruse a collection of porcelain objects normally kept behind closed doors in Beijing's Forbidden City.

29 Jun 2012 - 12:00am

A blast from the repast

As the first and last European colony in China, Macau has had more than 400 years to develop its unique culinary culture. It's a tradition that extends way beyond the spots familiar to the casual visitor.

21 Jun 2012 - 12:00am