SJM casino revenue falls 20.7 pct in 1H

SJM said in a statement yesterday that it’s gaming revenue revenue decreased by 20.7 percent to HK$20.88 billion.  Total revenue dropped by 20.6 percent to HK$21.13 billion. Adjusted EBITDA fell by 27.8 percent to HK$1.63 billion. Profit attributable to the owners of the company decreased by 38.7 percent to HK$1.09 billion. The company’s interim dividend per ordinary share sank by 40 percent to HK$6.0 cents. Year-on-year, mass-market table gaming revenue

August 9, 2016 | BY admin

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Tam’s trip to Rio Olympics ‘beneficial’ to Macau: official

Secretary for Social Affairs and Culture Alexis Tam Chon Weng’s trip to the Olympic Games in Rio de Janeiro, accompanied by a delegation of the Macau Olympic and Sports Committee, was “beneficial to Macau’s development” in sports, Ip Peng Kin, Tam’s chief-of-cabinet, said yesterday. Ip made the remarks when asked by reporters about the trip after attending a committee meeting at the Legislative Assembly (AL).Tam and the delegation attended the Summer Olympics opening ceremony in

August 9, 2016 | BY admin

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Group raises concerns about property management bill

An ad-hoc group comprising members of eight property management committees yesterday raised a host of concerns about a government-drafted bill regulating the management of the common areas of residential condominium buildings.Mok Kam Heng, the convener of the ad hoc group, said the bill’s articles regulating the rights and duties and the operation of property management committees could in practice make it rather difficult for the committees to operate. Mok, who heads the Nova Taipa

August 8, 2016 | BY admin

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Tam attends Rio Olympics opening ceremony

Secretary for Social Affairs and Culture Alexis Tam Chon Weng attended the opening ceremony of the Rio Olympics on Friday (Saturday morning in Macau), his office announced in a statement last night. According to the statement, Tam accompanied a delegation of the Macau Olympic and Sports Committee to Rio de Janeiro. During his stay in the city, Tam attended a dinner with representatives of Olympic committees from Brazil, Mozambique, Guinea-Bissau, Cape Verde, Sao Tome and Principe, and

August 8, 2016 | BY admin

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Forum slams govt for ‘outdated’ typhoon signal rules

A guest speaker and audience members at yesterday’s Macau Forum open-air debate slammed the government for using “outdated” regulations and criteria for hoisting typhoon signals and making decisions that do not take residents’ safety into account.Attending the forum as a guest speaker, Andy Tang Iu Man, who heads the Meteorological Division of the Meteorological and Geophysical Bureau (SMG), said his bureau would consider updating regulations on the criteria when a particular typhoon

August 8, 2016 | BY admin

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Company hopes experienced staff stay in MICE sector

Zoom Creative Advertising’s Executive Director Ng Man Wai said yesterday that as Macau has a severe shortage of experienced MICE (meetings, incentives, conferences and exhibitions) staff, she hoped that the existing staff will stay in the sector.Ng made the remarks to the media on the sidelines of a public function at the Macau Convention Centre near the airport.The function was attended by Takaki Jun, a director of famous Japanese cartoon Chibi Maruko-chan, who signed autographs for fans of

August 8, 2016 | BY admin

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Govt expects to adjust water tariff in 4Q

The Marine and Water Bureau (DSAMA) said in a statement yesterday it was assessing the tariffs of the city’s tap water, adding that the tariffs were expected to be adjusted in the fourth quarter.The bureau did not elaborate on its possible tariff adjustments.The bureau said in the statement that its water supply costs had increased in recent years, pointing out that in 2014-15 the costs were about 7.75 patacas per cubic metre of water while the costs were around 6.68 patacas in 2013, an

August 8, 2016 | BY admin

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Forum urges govt to ‘plan well’ for dog racetrack plot

Attending a forum organised by local think tank Macau Wisdom Convergence yesterday, guest speakers Iu Veng Ion, Sam Keng Wan and Vong Kuoc Ieng urged the government to “plan well” how to use the large plot of land  currently leased by Macau Yat Yuen Canidrome Co. Ltd for its controversial greyhound races.The government announced last month that the company will have to shut down its current racetrack within two years. The government also said the operator would need to find another

August 8, 2016 | BY admin

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Rex aims for 20-0, KK for 10-0 at Battle of Victors

Saturday October 8 will see Hong Kong’s “The Wonder Kid” Rex Tso Sing-ye and Macau’s “KK” Ng Kuok Kun aka “The Macau Kid” will take on their opponents at the “Battle of Victors” at the Hong Kong Convention and Exhibition Centre on October 8, aiming for 20-0 and 10-0 victories respectively.Rex (19W – 12 KO) will be taking on undefeated Japanese fighter Ryuto Maekawa (11W – 7 KO) for the vacant WBO International Junior Bantamweight (115 lbs) title. Rex beat Korean

August 8, 2016 | BY admin

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‘MAC’ activities focus on competitiveness

“YES I am”, an activity co-organised by 32 student groups, will kick off later this month with the aim of enhancing local students’ competitiveness by inviting “successful” young locals to share their stories with the participants. The event is a part of the “MAC” series of activities.Since its start in May, the “MAC” series of activities has included several major events held over the past few months which will culminate in the “YES I am” event, which will take place

August 8, 2016 | BY admin

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Police now suspect suicide, not murder, in hotel death

A 53-year-old man from the mainland likely committed suicide on Friday after being held against his will in a hotel room because he could not repay loan sharks, the Judiciary Police (PJ) said on Saturday.Initially, after the man was found stabbed in the hotel room, the Judiciary Police (PJ) had said on Friday they suspected murder.  The Judiciary Police made the first assessment of the case at a press conference on Friday morning, several hours after the man had been found dead in the room

August 8, 2016 | BY admin

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Rosario apologises for typhoon fiasco

Secretary for Transport and Public Works Raimundo do Rosario apologised yesterday for the failure of the Meteorological and Geophysical Bureau (SMG) to tell residents “in a good-enough way” about its much criticised decision not to hoist the No.8 typhoon signal earlier this week. Rosario said the bureau should have done better in the way it released information about Typhoon Nida. Rosario made the apology at Pac On Ferry Terminal in Taipa where the government organised a trip for

August 5, 2016 | BY admin

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Councillor & lawmaker urge Urban Renewal Council to be transparent

Lawmaker-cum-civic leader Ho Ion Sang yesterday urged the government-appointed Urban Renewal Council to ensure that the public will be well informed about its operations even though its meetings do not have to be held in public.Ho made the appeal on the sidelines of yesterday’s inspection tour of the Pac On Ferry Terminal project in Taipa.Asked by reporters about the council’ s decision to hold all its meetings behind closed doors, Ho, vice president of the Macau General Union of

August 5, 2016 | BY admin

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Speaker says ban on post-resignation by-election not against Basic Law

Legislative Assembly (AL) President Ho Iat Seng said yesterday that a newly added proposed amendment to the Legislative Assembly Election Law, which would ban lawmakers who give up their seat for personal reasons from standing as a candidate in the resulting by-election, was not against the Macau Basic Law.Ho made the remarks yesterday at the Pac On Ferry Terminal construction site in Taipa where the government organised a trip for lawmakers to inspect the long-delayed project. The

August 5, 2016 | BY admin

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