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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