Entries Categorized as 'Economy & Business'

Macau On Target For 30 Million Visitors in 2008

Date May 1, 2008

Macau received 7.5 million visitors in the first quarter of 2008, which was a rise of 17.9 percent against the same period of 2007.

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Moody’s Says Macau Economy Is Solid

Date April 25, 2008

Macau’s financial health is solid although there are some risks that make the territory vulnerable to external shocks, according to US ratings agency Moody’s Investors Service.

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Macau Casino Employment Grows by 22.9%

Date March 29, 2008

At the end of the fourth quarter of 2007, there were 44,743 paid employees engaged in the Macau Gaming Industry, up by 22.9% year-on-year. Analyzed by occupation, 30,486 were engaging in positions that are directly related to betting services, such as hard and soft count clerks, cage cashiers, pit bosses, casino floorpersons, dealers, betting service operators, etc., corresponding to a year-on-year growth of 34.5%; meanwhile, 5,341 were working as casino and slot machine attendants/hosts, security and surveillance workers, etc., down by 5.3% from a year earlier.

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Macau Package Tour Arrivals for January 2008 Up by 22.8%

Date March 12, 2008

Macau saw 388,796 visitor arrivals in package tours in January 2008, up by 22.8% from a year earlier. Visitors from Mainland China (282,506), Hong Kong (22,604) and Taiwan, China (18,079) recorded year-on-year growth of 21.4%, 13.2% and 5.8% respectively.

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Macau Casino 2008 Revenues Projected to Hit Record US$12.5 Billion

Date March 12, 2008

Macau’s gaming revenue for this year is expected to see a double-digit increase, the total of which will reach US$12.5 billion, said Lau Pun Lap, member of the Legislative Assembly.

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Hong Kong-Zhuhai-Macau Bridge May Take OVer 35 Years to Break Even

Date March 10, 2008

As reported by Blog Macau Info, the Hong Kong-Zhuhai-Macau Bridge project may take 36-and-a-half years to break even, admitted the Governor of Guangdong Province.

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Ao Man Long Tells Macau Court He Did Receive Bribes

Date March 4, 2008

The former secretary for transport and public works, Ao Man Long who took a cool US$100 million in bribes and now is serving a 27-year jail sentence for serious corruption charges, admitted yesterday to having received money from companies including Seng Meng Fai.

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Macau Government Gaming Taxes Revenue Up by 30.9%

Date February 25, 2008

The local government logged 3.962 billion patacas (US$495 million) in total revenue last month, up 37 percent year-on-year, the government said.

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