The Secretary for Economy and Finance of Macau: will make lawful arrangements for the coordination and contingency measures during the transition period of the "Satellite".

According to Macao Radio, the Secretary for Economy and Finance, Dai Jianye, attended a legislative council meeting yesterday (23rd) and stated that the Macao government has always regulated the local Gambling industry development in accordance with the principles of legality, health, and order, emphasizing that it will properly coordinate the upcoming end of the transition period for the "Satellite" venues and the contingency measures in accordance with the law.

AASTOCKSApr 24 09:31

In the first quarter, the gross revenue from lucky Gambling in Macau was 57.657 billion Macau patacas, a slight increase of 0.4% quarter-on-quarter.

The Macao Gaming Inspection and Coordination Bureau announced that in the first quarter of this year, the gross gaming revenue from lucky betting reached 57.657 billion Macau patacas, showing a slight increase of 0.4% quarter-on-quarter and nearly 0.6% year-on-year. During this period, the number of operating gaming tables approved for lucky betting companies was 6,000, and the number of gaming machines was 0.012 million units, remaining stable both quarter-on-quarter and year-on-year. Additionally, the number of lucky betting casinos in Macao was 30, also remaining stable quarter-on-quarter and year-on-year.

AASTOCKSApr 24 09:22

Macau has been selected as Malaysia's most popular international destination.

Malaysia will host the "2025 Malaysia International Tourism Expo" from the 18th to the 20th of this month, during which Macau is recommended as the "most popular international destination." According to data from the Macau Statistics and Census Service, over 0.181 million Malaysian visitors to Macau were recorded last year, representing an 82% year-on-year increase. Additionally, the Macau Tourism Office, in collaboration with the Malaysian Tourism and Travel Agents Association, will welcome the Malaysian tourism industry delegation to Macau to participate in the "13th Macau International Tourism (Industry) Expo and related activities" from the 25th to the 27th of this month, aiming to attract more Malaysian tourists to visit Macau, solidify the Southeast Asian market, and expand the country's presence.

AASTOCKSApr 22 10:31

Macau Seen to Experience Budget Deficit Should Gambling Revenue Fall, Chief Executive Says

MT NewswiresApr 21 11:35

Hong Kong stocks have shown unusual movements | Macau Casino stocks continue to decline, MELCO INT'L DEV (00200) fell over 3%, and Morgan Stanley pointed out the short-term downside risks for Macau Casino stocks.

Macau Casino stocks continue to decline. As of the time of writing, MELCO INT'L DEV (00200) is down 3.44% at 3.37 HKD; Sands China (01928) has dropped 2.74% to 12.8 HKD.

Zhitong FinanceApr 16 14:20

Cen Haohui: If Macau's monthly gambling revenue only records 15 billion patacas, it will face a fiscal deficit. Changing the tax structure in the short term is difficult, but it must be implemented.

Macao's Chief Executive Ho Iat Seng stated on Tuesday (the 15th) at the Legislative Council's Q&A session that the structural imbalance in Macao's finances is severe, with significant pressure from rigid expenditures. In this year's budget, regular expenditures account for about 115 billion Macao patacas (the same below). Among these, personnel expenses are the largest, accounting for about 30.26 billion patacas, covering salaries and allowances. He expects that this year, Gambling tax revenue will be about 93.1 billion patacas, accounting for about 81% of fiscal revenue, and is concerned that if Gambling tax revenue only reaches 15 billion patacas monthly, Macao will face a budget deficit. Ho Iat Seng mentioned that a study has been requested on the contribution ratios of various industries and taxes in normal economies, and pointed out Macao.

AASTOCKSApr 16 08:53