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BUSINESS5d agoMacau ranks sixth globally in services trade development | MACAU DAILY TIMES 澳門每日時報Macau has been ranked sixth globally in services trade development. This highlights Macau's significant performance in the international services trade sector.macaudailytimes.com.mo · Macau
BUSINESSSep 8Uber to apply for Hong Kong licence by end of October as Macau rides surgeRide-hailing platform Uber will submit its operator’s licence application in Hong Kong by the end of October, its local general manager has revealed, as the city government moves to regulate the service. The platform also said on Tuesday that Hong Kong residents accounted for the largest share of its users in Macau, months after it relaunched in the gaming hub in February following a nearly decade-long absence. “We’re putting our best foot forward, making sure we can comply with the government...South China Morning Post
BUSINESSSep 1Macau gaming revenue bounces back after World Cup lullMacau's gaming revenue has recovered following a downturn attributed to the World Cup. This indicates a positive trend in the region's gambling industry performance.Seeking Alpha Tech
BUSINESSAug 31Tesla launches lower-priced Model 3 in Hong Kong & MacauTesla has launched a lower-priced version of its Model 3 in Hong Kong and Macau. This move expands the company's market offerings in these regions.Seeking Alpha Tech
BUSINESSAug 28Macau tycoon Lawrence Ho’s family office expands into space sector in de-SPAC dealBlack Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has announced its third de-SPAC deal through a merger with a satellite communications firm, a move granting it access to the space technology sector. Under the agreement, Singapore-based Astrum Space will combine with blank-check company Black Spade Acquisition III (BIII) at an equity value of about US$1 billion. The combined entity, Astrum Space Company, would seek a listing on the New York Stock Exchange,...South China Morning Post
BUSINESSAug 24Economy grows 3 . 7 % in first half as visitor spending lifts | MACAU DAILY TIMES 澳門每日時報The economy experienced a 3.7% growth in the first half of the year, primarily driven by increased visitor spending. This indicates a positive economic trend supported by tourism.macaudailytimes.com.mo · Macau
BUSINESSAug 19Macau bets on financial services, fintech to drive economic diversificationMacau has unveiled a sweeping five-year strategic blueprint to break its long-standing dependence on casino revenues by pivoting towards modern financial services, digital currency adoption and deeper economic integration with mainland China. Under its third five-year plan for economic and social development, released on Tuesday, the gambling hub aims to boost the added value of non-gaming industries to about 60 per cent of gross domestic product by 2030, up from 56.7 per cent in 2024. Gaming...South China Morning Post
BUSINESSAug 18After years, Macau firm opts out of Hong Kong renewal project, seeks US$153m for siteA North Point redevelopment site is being put on the market for HK$1.2 billion (US$153 million) after its owner, which spent years assembling the ageing property, warned that redeveloping it could result in losses of as much as 30 per cent. The sale offers a rare glimpse into the difficulties facing private developers in Hong Kong’s urban-renewal drive, where lengthy acquisition periods, financing costs and uncertain returns can undermine projects even as the residential market recovers. Cushman...South China Morning Post
BUSINESSAug 7Galaxy Macau and Ant Bank ( Macao ) Financial Services Station Launches , Driving New Growth in Tourism Consumption Through FintechGalaxy Macau and Ant Bank (Macao) have launched a new Financial Services Station, aiming to boost tourism consumption through fintech. This initiative represents a new development in the financial and tourism sectors of Macao.thestarphoenix.com · Canada
BUSINESSAug 4Hong Kong, Macau police arrest 8 over HK$100m Vietnam coffee investment scamHong Kong and Macau police have arrested eight people in a crackdown on an investment scam syndicate that cheated more than 200 people out of nearly HK$100 million (US$12.75 million) by promoting itself as a pioneer of “kinetic coffee philosophy”. The syndicate, operating under the name Fun Coffee, established a presence in Hong Kong last year. Fun Coffee says on its website that it is a coffee investment enterprise based in Phu Quoc, Vietnam, with assets of more than US$1 billion and a team of...South China Morning Post
BUSINESSAug 1Macau gaming revenue falls as the World Cup and typhoons impact betting actionMacau's gaming revenue has decreased, attributed to the dual impact of the World Cup and typhoons affecting betting activity. This illustrates how external factors can influence regional economic performance in specific industries.Seeking Alpha Tech
BUSINESSJul 28Analysts : Wynn Macau shifts focus to earnings growth over debt reductionAnalysts report that Wynn Macau is changing its corporate strategy to prioritize earnings growth over debt reduction. This indicates a shift in the company's financial objectives.macaudailytimes.com.mo · Macau
BUSINESSJul 27Sands China looks to bounce back after World Cup-related lull in MacauSands China aims to recover financially after experiencing a downturn in Macau, which is attributed to a lull related to the World Cup. This suggests an impact on the gambling and tourism industry.Seeking Alpha Tech
BUSINESSJul 23Las Vegas Sands targets $700M quarterly Macau EBITDA while Marina Bay Sands expansion remains on track for early 2031Las Vegas Sands aims for $700 million in quarterly EBITDA from Macau, while its Marina Bay Sands expansion is scheduled for early 2031 completion. This outlines the company's financial goals and progress on key development projects.Seeking Alpha Tech
BUSINESSJul 10Zone CE calls for stronger Macau - Hengqin integration as zone nears fifth anniversaryZone CE is advocating for stronger integration between Macau and Hengqin as the zone approaches its fifth anniversary. This indicates ongoing efforts for regional economic and administrative cooperation.macaudailytimes.com.mo · Macau
BUSINESSJul 8MEA launches economy research training program | MACAU DAILY TIMES 澳門每日時報The MEA has launched an economy research training program. This initiative aims to enhance research capabilities in the economic sector.macaudailytimes.com.mo · Macau