The government must carry out its long-promised measures in the final two years of the term of Chief Executive Fernando Chui Sai On if it wants to restore its popularity, Ron Lam U Tou, who heads local think tank Macau Synergy, said earlier this week. Chui’s second and constitutionally final 5-year consecutive term will end on December 20, 2019.
Monthly Archives: December 2017
The figures released yesterday by the Statistics and Census Service (DSEC) show that trade exports on merchandise have risen by 26 percent year-on-year as of November this year, reaching a total amount of MOP1 billion. Topping the list of the major increases were casino-related items that surged by 651.6 percent. Total merchandise imports rose by 11.3 percent year-on-year to MOP7.5 billion, leaving the trade deficit in November at MOP6.57 billion.
Over 900,000 visitors on package tours arrived in the Macau SAR during November, 24.6 per cent up year-on-year. In the January-November period in 2017, visitors by this mean totaled 7.72 million, up 12.9 per cent year-on-year.
A policy advanced by Beijing for both political and economic purposes, the Greater Bay Area envisions a giant metropolis binding together the 11 major settlements of the Pearl River Delta region. With a combined population fast approaching the 70 million mark and a GDP of some USD1.4 trillion last year, this highly urbanized region is set to become the world’s richest bay area by 2030, beating out rivals in Toyko, San Francisco and New York… Achieving the policy’s stated goal of accelerating economic integration will no doubt require the lifting of certain market protections and the curtailing of self-governance, as has been the case in the European Union experience.
Ownership of a disputed Thailand lottery jackpot could come down to the results of a DNA test. In November, the Thai lottery issued a THB 30m (US $920k) jackpot prize to Charoon Wimon, a retired policeman. However, this award was quickly challenged by Preecha Kraikruan, a 50-year-old teacher, who claimed he’d lost the five first-prize lottery tickets that had won the twice-monthly draw
Japanese gaming conglomerate Universal Entertainment Corp says a wholly owned Hong Kong subsidiary, Tiger Resort Asia Ltd, has filed a lawsuit alleging damage by former director Kazuo Okada (pictured). The suit was lodged on December 27 in the High Court of Hong Kong… Tiger Resort Asia is seeking compensation of HKD136.05 million (US$17.4-million) from Mr. Okada.
The Liberal National Party has vowed to oppose the inclusion of a casino in plans to develop the Maroochydore Central Business District on Australia’s Sunshine Coast. LNP MP Andrew Wallace has begun a petition to encourage residents to refuse to support the plan. NagaCorp, the operator of the NagaWorld casino in Cambodia, visited the proposed site earlier this year.
Those who play video games compulsively for long periods of time may be diagnosed with a mental health disorder. The World Health Organization (WHO) has for the first time, included “gaming disorder” in its list of mental health conditions in a draft of its 11th International Classification of Diseases guidelines, which will be published in 2018.
Paddy Power has ended its four-year relationship with London marketing agency Lucky Generals, as the bookmaker’s lead creative agency. Moving forward, Paddy Power’s multi-million £/€ advertising account will be serviced by sports-centric creative agency Chime Sports Marketing, a subsidiary of Chime Group Communications.
Asian casino investor Lawrence Ho Yau Lung has stepped down as chairman and non-executive director of Hong Kong-listed Summit Ascent Holdings Ltd, the lead developer of the Tigre de Cristal casino resort in the Russian Far East. The move follows Mr. Ho’s decision to sell off his 17.4-percent stake in the firm, announced on December 18.