SJM’s gaming revenue rises 6.7 pct in Q1

SJM Holdings said in a statement yesterday that its net gaming revenue for the first quarter rose by 6.7 percent year on year to HK$8.41 billion.Adjusted EBITDA increased by 17.0 percent to HK$987 million. Adjusted EBITDA margin grew to 11.5 percent from 10.5 percent a year earlier.Profit attributable to the company’s owners rose by 25.8 percent to HK$730 million. “The increase was mainly due to an increase in mass-market gross gaming revenue in self-promoted casinos,” the statement

May 3, 2018 | BY admin

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Councillors urge govt to tackle illegal inns

Central District Community Service Consultative Council member Ieong Man Un said yesterday there was an urgent need to tackle Macau’s illegal inns, adding that the government could have done a better job on the issue.Ieong made the remarks on behalf of himself and Chan Wai Pan during a regular meeting of the government-appointed council at the Patane Market Municipal Complex on the peninsula.Referencing tourism statistics, Ieong noted that the city’s number of visitor arrivals exceeded 32

May 3, 2018 | BY admin

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Govt agrees to possible ‘major’ amendments to protest rules: legislator

Lawmaker Ho Ion Sang, who heads the legislature’s 1st Standing Committee, said yesterday that the government concurred with view raised by some members of his committee yesterday that it may need to propose “major” amendments to the city’s law on assemblies and demonstrations in the future – but only after the current amendment bill has been passed.Ho briefed the media after a closed-door meeting of his committee which is reviewing a government-initiated bill which proposes amendments

May 3, 2018 | BY admin

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Casinos beat analysts at their own game

Macau is beating analysts at their own game.Casino revenue in the world’s largest gambling hub rocketed past even the most bullish predictions in April, soaring 27.6 percent to 25.73 billion patacas from a year earlier, the Gaming Inspection and Coordination Bureau (DICJ) announced on May Day.The result was even more impressive as analysts had already revised their forecasts higher in the preceding weeks.PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.

May 3, 2018 | BY admin

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Reciprocal driving-licence deal ‘must’ be signed: Rosario

Secretary for Transport and Public Works Raimundo do Rosario said yesterday that the local government will “surely” sign a reciprocal driving-licence deal with the mainland as “Macau is a part of China”.Rosario also said he expected the local government to ink the deal with the central government “within a short space of time”.Rosario made the remarks while speaking to reporters yesterday on the sidelines of a reception celebrating today’s International Workers’ Day hosted by

May 1, 2018 | BY admin

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Day of fun and fitness – and all for good cause

The Parisian Macau’s inaugural Light the Night Run on Saturday involved an afternoon of fun activities for all the family to enjoy as well as exercise workshops all culminating in 580 athletes doing a lap around the Venetian and the Parisian and tackling the 750 stairs up the half-sized Eiffel Tower all in the name of charity, in this case Macau Special Olympics.The event raised 150,000 patacas for the Special Olympics which the organisation’s CEO and director, Hetzer Siu Yu Hong, said

May 1, 2018 | BY admin

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Students’ packaging designs for local brands open for public voting

A total of 27 packaging designs on display at Macau Tower that students from local tertiary institutions made for local brands are now open for public voting.The activity is part of the 4th Macau Brand Packaging Design Competition organised by the Macau International Brand Enterprise Commercial Association (MIBA) in conjunction with the Macau Economic Bureau (DSE), Macau Foundation (FM) and Tertiary Education Services Office (GAES). The contest is sponsored by the Macau Tower Convention and

May 1, 2018 | BY admin

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Hotel guests rise 9 pct to 3.3 million in Q1

Macau’s hotels and guesthouses recorded 3.35 million guests in the first quarter, a year-on-year growth of 9.2 percent, the Statistics and Census Bureau (DSEC) said in a statement yesterday.The average occupancy rate of the city’s 115 hotels and guesthouses rose by 5.3 percentage points to 88.8 percent.Guests’ average length of stay increased by 0.1 night to 1.5 nights. PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.

May 1, 2018 | BY admin

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More visitors than expected on Golden Week’s 1st day: MGTO chief

Macau Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes said yesterday there were more visitor arrivals than expected on Sunday, the first day of the three-day May Day Golden Week.Senna Fernandes made the remarks when asked by the media about the city’s visitor arrival figures, on the sidelines of the launch of a souvenir coin at Macau Tower.“At the moment it is a little bit higher than what we expected, but not a lot higher. Earlier [this year] we said that we

May 1, 2018 | BY admin

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10th floor window falls on scooter rider

A scooter rider was hit by a window falling from the 10th floor of a building in Zape yesterday afternoon.According to a Public Security Police (PSP) spokesperson, the incident took place at around 2 p.m. in Avenida Dr. Rodrigo Rodrigues. While the scooter rider was on his way to the Oriental Arch roundabout, an aluminium-framed window suddenly fell onto his right shoulder. The injured rider stopped and then reported the case to the police himself before he was transferred to the public Conde

May 1, 2018 | BY admin

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Graft busters finish probing IPIM temporary residency application practices

Commissioner Against Corruption (CCAC) André Cheong Weng Chon said yesterday that the anti-graft body has completed its investigation into the granting of temporary residency by the Macau Trade and Investment Promotion Institute (IPIM) through its “major investment” scheme and a scheme for managerial personnel and technical and professional qualification holders hired by local employers.Cheong also said he expected the CCAC to announce the findings of the investigation later this

May 1, 2018 | BY admin

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Fake bank scams mainland firm out of 40 million patacas: police

A mainlander has been arrested as his company allegedly scammed a financial institution on the mainland out of US$5 million (about 40 million patacas), the Judiciary Police (PJ) have announced at a special press conference at their headquarters.A PJ spokesperson identified the suspect as a 60-year-old surnamed Feng claiming to be a businessman running an art trading company registered in Macau.The spokesperson didn’t reveal the full name of the company, but said that part of the company’s

April 30, 2018 | BY admin

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‘Crystal Fish’ drill successful: govt

The government says that the city’s first-ever typhoon drill named “Crystal Fish” succeeded in testing its recently drafted evacuation plan and its also recently designed command platform for emergency response.The drill took place on Saturday.However, community leaders claimed yesterday that the “Crystal Fish” drill appeared to have failed to simulate the “real” possible situations when a storm surge hits the city during a typhoon.The three photos provided by the Government

April 30, 2018 | BY admin

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Sick man ‘jumps to his death’: police

A local man in his sixties suffering from an undisclosed illness jumped to his death from a high-rise near the Barrier Gate border checkpoint yesterday morning, the Judiciary Police (PJ) said in a statement.According to the statement, the case occurred in Block A of the Tamagnini Barbosa Social Housing Estate in Istmo de Ferreira do Amaral.At 7 a.m. yesterday, a domestic helper living in the building saw a man lying on the banisters in the staircase on the second floor and reported the case to

April 30, 2018 | BY admin

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