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The Deputy Director of the Macao Gaming Inspection and Coordination Bureau, Cui Haozhen, has resigned.
The Macao government published a notice stating that the Deputy Director of the Macao Gaming Inspection and Coordination Bureau, Cui Haozhen, has been confirmed to terminate his duties, and as of February 8 of this year, his registration in the provident fund system has been canceled. Cui Haozhen was appointed as the Deputy Director of the Gaming Inspection and Coordination Bureau on February 8, 2023 by way of a fixed-term appointment.
Quick overview of the Hong Kong market | The three major Indexes opened high but fell, the Tech Index dropped over 2%; China-Affiliated Brokerage stocks rose against the trend, with China Galaxy increasing nearly 4%; Yuejiang surged over 27%.
Network Technology stocks have fallen, with Bilibili-W down 6.81% and XIAOMI-W down 3.43%; Hong Kong Retail Stocks are down, with PRADA falling 6.74% and SAMSONITE down 5.80%; Golden Industrial Concept stocks are rising, with CHI SILVER GP up 5.71% and TONGGUAN GOLD up 3.95%.
Citigroup continues to predict that in March, the gambling revenue will be 19.5 billion Macanese Patacas.
Citibank released a research report indicating that Industry data shows that Macau's gaming revenue for the first nine days of March could reach approximately 5.75 billion patacas, implying an average daily revenue of about 0.639 billion patacas, which generally aligns with the bank's expectations. Citibank noted that according to Industry data, the gaming revenue in Macau's VIP rooms declined by about 10% month-on-month, while the mass market dropped by about 8 to 10%. Therefore, the bank continues to expect March's revenue to be 19.5 billion patacas, remaining flat year-on-year and reaching about 75% of 2019 levels, which means the average daily revenue for the remaining days of March is about 0.625 billion patacas.
In January, Macau's gambling tax revenue fell slightly by 2% year-on-year.
The Macao Special Administrative Region's Financial Services Bureau announced that the data for January this year shows that the revenue from lucky Gambling tax in January is 7.189 billion Macao patacas (same below), a slight decrease of 2% year-on-year. Including capital revenue, the total income for January is 8.4 billion patacas.
Galaxy Entertainment Group Independent Non-Executive Director Michael Victor Mecca Sells 46% Of Holding
GALAXY ENT (00027.HK) has been Shareholding 0.5 million shares by MECCA Michael Victor.
On March 10, according to the latest equity disclosure information from the Stock Exchange, on March 4, 2025, GALAXY ENT (00027.HK) saw MECCA Michael Victor reduce his holdings by 0.5 million shares at an average price of HKD 31.6588 per share, involving approximately HKD 15.8294 million. After the shareholding reduction, MECCA Michael Victor's latest number of shares held is 575,612, with the holding ratio declining from 0.02% to 0.01%.