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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 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 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
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