{ "version": "https://jsonfeed.org/version/1", "user_comment": "This feed allows you to read the posts from this site in any feed reader that supports the JSON Feed format. To add this feed to your reader, copy the following URL -- https://www.macaubusiness.com/author/nelson-moura/feed/json/ -- and add it your reader.", "home_page_url": "https://www.macaubusiness.com/author/nelson-moura/", "feed_url": "https://www.macaubusiness.com/author/nelson-moura/feed/json/", "title": "Macau Business", "description": "For Global Decision Makers", "icon": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2022/11/cropped-mb-logo.png", "items": [ { "id": "https://www.macaubusiness.com/former-suncity-group-defends-contributions-to-macau-sar-in-social-media-statement/", "url": "https://www.macaubusiness.com/former-suncity-group-defends-contributions-to-macau-sar-in-social-media-statement/", "title": "Former Suncity Group defends contributions to Macau SAR in social media statement", "content_html": "\"\"\n

Suncity Group, the former prominent junket company in Macau, took to Facebook to reflect on its contributions to the city amidst ongoing legal challenges faced by its former executives.

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Alvin Chau, the former CEO of Suncity Group, was sentenced to 18 years in prison following a trial in 2022-2023 centered around under-the-table betting and illicit online gaming operations.

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The company itself terminated its operations in the Macau SAR after the arrests of its management, with its assets auctioned by authorities to pay for compensation demands.

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However, the group’s remaining Facebook page has suddenly issued a heartfelt post – the first since November 2021 – in which the Suncity Group addressed former colleagues and friends, reflecting on its connection to Macau and contributions to the city.

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“It’s been over two years already! This period, neither too long nor too short, has been enough for me to thoroughly reflect on the past 16 years or so,” the post stated.

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The post highlighted the company’s deep roots in Macau, emphasizing its founder’s dedication to the city’s growth and development since establishing Suncity Group in 2007. “Macau is my home and my roots!” the post declared, underscoring the founder’s lifelong commitment to enhancing the city’s global standing.

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Suncity Group detailed its “extensive efforts” to promote Macau as a leading entertainment and cultural hub, stating that over the years, the company has organized and sponsored over 50 major concerts and performances, and heavily invested in promoting Macau as a premier tourism destination.

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Key sponsored events include the Macau Grand Prix, the Macau International Film Festival, the Wushu Masters Challenge, and the Miss Macau pageant.

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“Additionally, Suncity Group has been a strong supporter of social welfare and sports development in Macau. The company has made significant charitable donations, established the Suncity volunteer team, and founded several sports teams, including football, basketball, and dragon boat teams. The Youth Inspiration Association, another initiative by the company, aims to nurture the city’s young talent,” the post read.

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“The only reason I have contributed so much to Macau is because I truly love this place!” it read.

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The post resembles an \u201copen letter\u201d issued by Chau to President Xi Jinping, pleading for a reduction in the 18-year prison sentence imposed by the Court of First Instance in January.

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In a recent development, Macau\u2019s Court of Final Appeal rejected Chau’s appeal, upholding his 18-year sentence.

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Eight other co-appellants also had their appeals denied. The court maintained the original sentences of between 9 and 18 years for Si Tou Chi Hou, Cheung Yat Ping Ellute, Ali Celestino, Cheong Chi Kin, Chau Chun Hee, Lou Seak Fong, Wong Pak Ling Philip, and Leong Su Weng.

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The prosecution’s appeal for harsher sentences was also rejected. The defendants are now required to pay a total of HKD24.865 billion (MOP25.61 billion/US$3.18 billion) to the Macau SAR, as stipulated under the new ruling.

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In January 2023 the Hong Kong-listed Suncity group entity was rebranded as LET Group, with Andrew Lo Kai Bang, a former executive in Suncity appointed as its chairman.

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LET holds a nearly 70 percent stake in Summit Ascent, responsible for managing hotel and gaming businesses within the Integrated Entertainment Zone located in the Primorye Region of the Russian Federation.

\n", "content_text": "Suncity Group, the former prominent junket company in Macau, took to Facebook to reflect on its contributions to the city amidst ongoing legal challenges faced by its former executives.\n\n\n\nAlvin Chau, the former CEO of Suncity Group, was sentenced to 18 years in prison following a trial in 2022-2023 centered around under-the-table betting and illicit online gaming operations.\n\n\n\nThe company itself terminated its operations in the Macau SAR after the arrests of its management, with its assets auctioned by authorities to pay for compensation demands.\n\n\n\nHowever, the group’s remaining Facebook page has suddenly issued a heartfelt post – the first since November 2021 – in which the Suncity Group addressed former colleagues and friends, reflecting on its connection to Macau and contributions to the city. \n\n\n\n“It’s been over two years already! This period, neither too long nor too short, has been enough for me to thoroughly reflect on the past 16 years or so,” the post stated.\n\n\n\nThe post highlighted the company’s deep roots in Macau, emphasizing its founder’s dedication to the city’s growth and development since establishing Suncity Group in 2007. “Macau is my home and my roots!” the post declared, underscoring the founder’s lifelong commitment to enhancing the city’s global standing.\n\n\n\nSuncity Group detailed its “extensive efforts” to promote Macau as a leading entertainment and cultural hub, stating that over the years, the company has organized and sponsored over 50 major concerts and performances, and heavily invested in promoting Macau as a premier tourism destination. \n\n\n\nKey sponsored events include the Macau Grand Prix, the Macau International Film Festival, the Wushu Masters Challenge, and the Miss Macau pageant.\n\n\n\n“Additionally, Suncity Group has been a strong supporter of social welfare and sports development in Macau. The company has made significant charitable donations, established the Suncity volunteer team, and founded several sports teams, including football, basketball, and dragon boat teams. The Youth Inspiration Association, another initiative by the company, aims to nurture the city’s young talent,” the post read.\n\n\n\n“The only reason I have contributed so much to Macau is because I truly love this place!” it read.\n\n\n\nThe post resembles an \u201copen letter\u201d issued by Chau to President Xi Jinping, pleading for a reduction in the 18-year prison sentence imposed by the Court of First Instance in January.\n\n\n\nIn a recent development, Macau\u2019s Court of Final Appeal rejected Chau’s appeal, upholding his 18-year sentence. \n\n\n\nEight other co-appellants also had their appeals denied. The court maintained the original sentences of between 9 and 18 years for Si Tou Chi Hou, Cheung Yat Ping Ellute, Ali Celestino, Cheong Chi Kin, Chau Chun Hee, Lou Seak Fong, Wong Pak Ling Philip, and Leong Su Weng.\n\n\n\nThe prosecution’s appeal for harsher sentences was also rejected. The defendants are now required to pay a total of HKD24.865 billion (MOP25.61 billion/US$3.18 billion) to the Macau SAR, as stipulated under the new ruling.\n\n\n\nIn January 2023 the Hong Kong-listed Suncity group entity was rebranded as LET Group, with Andrew Lo Kai Bang, a former executive in Suncity appointed as its chairman.\n\n\n\nLET holds a nearly 70 percent stake in Summit Ascent, responsible for managing hotel and gaming businesses within the Integrated Entertainment Zone located in the Primorye Region of the Russian Federation.", "date_published": "July 14, 2024", "date_modified": "July 15, 2024 - 16:43", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://mbusiness.sgp1.digitaloceanspaces.com/2020/09/suncity.jpg", "tags": [ "Gaming", "Macau", "MNA" ], "summary": "Suncity Group, the former prominent junket company in Macau, took to Facebook to reflect on its contributions to the city amidst ongoing legal challenges faced by its former executives." }, { "id": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e6%9b%b4%e6%99%ba%e8%83%bd%e7%9a%84%e8%b3%ad%e6%9e%b1%ef%bc%8c%e6%9b%b4%e4%ba%ae%e7%9c%bc%e7%9a%84%e6%a5%ad%e7%b8%be/", "url": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e6%9b%b4%e6%99%ba%e8%83%bd%e7%9a%84%e8%b3%ad%e6%9e%b1%ef%bc%8c%e6%9b%b4%e4%ba%ae%e7%9c%bc%e7%9a%84%e6%a5%ad%e7%b8%be/", "title": "\u3010\u606f\u606f\u76f8\u95dc\u3011\u66f4\u667a\u80fd\u7684\u8ced\u67b1\uff0c\u66f4\u4eae\u773c\u7684\u696d\u7e3e", "content_html": "\"\"\n

\u6fb3\u9580\u5a1b\u6a02\u5834\u5f15\u5165\u201c\u667a\u6167\u201d\u8ced\u67b1\u5f15\u8d77\u696d\u754c\u95dc\u6ce8\u3002\u6709\u95dc\u7522\u54c1\u5177\u5099\u4e86\u6709\u6548\u7684\u904a\u6232\u6578\u64da\u6536\u96c6\u548c\u5206\u6790\u529f\u80fd\u3002\u6709\u5831\u9053\u6307\uff0c\u76ee\u524d\u6fb3\u9580\u7d04\u4e00\u6210\u8ced\u67b1\u914d\u7f6e\u4e86\u6b64\u985e\u6280\u8853\uff0c\u71df\u904b\u5546\u8a08\u5283\u9032\u4e00\u6b65\u90e8\u7f72\u3002\u5206\u6790\u5e2b\u8a8d\u70ba\uff0c\u667a\u6167\u8ced\u67b1\u6709\u52a9\u63d0\u5347\u5a1b\u6a02\u5834\u71df\u904b\u6548\u7387\uff0c\u986f\u8457\u63a8\u9ad8\u696d\u7e3e\uff0c\u6599\u5e74\u5167\u5c07\u7372\u5ee3\u6cdb\u61c9\u7528\u3002 

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\u6587\uff1a\u502a\u7199\u6668 

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Image provided by Angel Macau
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\u9452\u65bc\u5176\u904a\u6232\u6578\u64da\u6536\u96c6\u548c\u5206\u6790\u529f\u80fd\uff0c\u6fb3\u9580\u5a1b\u6a02\u5834\u5f15\u5165\u7684\u201c\u667a\u6167\u201d\u8ced\u67b1\u6210\u70ba\u4e86\u6700\u8fd1\u7684\u71b1\u9580\u8a71\u984c\u3002 

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\u95b2\u8b80\u5168\u6587 \u300b

\n", "content_text": "\u6fb3\u9580\u5a1b\u6a02\u5834\u5f15\u5165\u201c\u667a\u6167\u201d\u8ced\u67b1\u5f15\u8d77\u696d\u754c\u95dc\u6ce8\u3002\u6709\u95dc\u7522\u54c1\u5177\u5099\u4e86\u6709\u6548\u7684\u904a\u6232\u6578\u64da\u6536\u96c6\u548c\u5206\u6790\u529f\u80fd\u3002\u6709\u5831\u9053\u6307\uff0c\u76ee\u524d\u6fb3\u9580\u7d04\u4e00\u6210\u8ced\u67b1\u914d\u7f6e\u4e86\u6b64\u985e\u6280\u8853\uff0c\u71df\u904b\u5546\u8a08\u5283\u9032\u4e00\u6b65\u90e8\u7f72\u3002\u5206\u6790\u5e2b\u8a8d\u70ba\uff0c\u667a\u6167\u8ced\u67b1\u6709\u52a9\u63d0\u5347\u5a1b\u6a02\u5834\u71df\u904b\u6548\u7387\uff0c\u986f\u8457\u63a8\u9ad8\u696d\u7e3e\uff0c\u6599\u5e74\u5167\u5c07\u7372\u5ee3\u6cdb\u61c9\u7528\u3002 \n\n\n\n\u6587\uff1a\u502a\u7199\u6668 \n\n\n\nImage provided by Angel Macau\n\n\n\n\n\n\n\n\n\n\n\n\u9452\u65bc\u5176\u904a\u6232\u6578\u64da\u6536\u96c6\u548c\u5206\u6790\u529f\u80fd\uff0c\u6fb3\u9580\u5a1b\u6a02\u5834\u5f15\u5165\u7684\u201c\u667a\u6167\u201d\u8ced\u67b1\u6210\u70ba\u4e86\u6700\u8fd1\u7684\u71b1\u9580\u8a71\u984c\u3002 \n\n\n\n\n\n\n\n\u95b2\u8b80\u5168\u6587 \u300b", "date_published": "June 30, 2024", "date_modified": "July 01, 2024 - 00:31", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/06/asuka-kurahashi-angel-macau-president-gaming-.png", "tags": [ "Business Intelligence", "MAG", "MB", "MB Featured" ], "summary": "\u6fb3\u9580\u5a1b\u6a02\u5834\u5f15\u5165\u201c\u667a\u6167\u201d\u8ced\u67b1\u5f15\u8d77\u696d\u754c\u95dc\u6ce8\u3002\u6709\u95dc\u7522\u54c1\u5177\u5099\u4e86\u6709\u6548\u7684\u904a\u6232\u6578\u64da\u6536\u96c6\u548c\u5206\u6790\u529f\u80fd\u3002\u6709\u5831\u9053\u6307\uff0c\u76ee\u524d\u6fb3\u9580\u7d04\u4e00\u6210\u8ced\u67b1\u914d\u7f6e\u4e86\u6b64\u985e\u6280\u8853\uff0c\u71df\u904b\u5546\u8a08\u5283\u9032\u4e00\u6b65\u90e8\u7f72\u3002\u5206\u6790\u5e2b\u8a8d\u70ba\uff0c\u667a\u6167\u8ced\u67b1\u6709\u52a9\u63d0\u5347\u5a1b\u6a02\u5834\u71df\u904b\u6548\u7387\uff0c\u986f\u8457\u63a8\u9ad8\u696d\u7e3e\uff0c\u6599\u5e74\u5167\u5c07\u7372\u5ee3\u6cdb\u61c9\u7528\u3002 " }, { "id": "https://www.macaubusiness.com/some-rmb845-billion-in-goods-crossed-hzmb-since-its-opening-official/", "url": "https://www.macaubusiness.com/some-rmb845-billion-in-goods-crossed-hzmb-since-its-opening-official/", "title": "Some RMB845 billion in goods crossed HZMB since its opening \u2013 Official", "content_html": "\"\"\n

The total value of imports and exports that passed through the Hong Kong Zhuhai Macau Bridge customs facilities has exceeded RMB845 billion ($116.4 billion) since its opening in October 2018 and April 2024, involving goods from more than 230 countries and regions, a bridge official said according to Hong Kong media.

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According to a report by the newspaper Wen Weipo, the Assistant Secretary of the HZMB Authority,Li Qiang, also revealed that from January to May this year, the cumulative number of passengers traveling via HZMB was about 11.65 million, representing a year-on-year increase of 57 per cent, with a daily average of 77,000 passenger trips.

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The total two-way traffic flow of HZMB had also increased by 1.8 times year-on-year, with about 1,300 Golden Bus service trips per day, and nearly 50,000 passengers taking the shuttle buses every day.

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The official also said that with further optimization of northbound vehicle policies, the number of people using the HZMB may further increase, and the scope of consumption of tourism activities in the mainland will also be expanded.

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With the convergence of regulations and standards among Hong Kong, Zhuhai, and Macau becoming faster and faster, Li added that the role of the HZMB will be further emphasized, and the integration and development of the cities within the Greater Bay Area further accelerated.

\n", "content_text": "The total value of imports and exports that passed through the Hong Kong Zhuhai Macau Bridge customs facilities has exceeded RMB845 billion ($116.4 billion) since its opening in October 2018 and April 2024, involving goods from more than 230 countries and regions, a bridge official said according to Hong Kong media.\n\n\n\nAccording to a report by the newspaper Wen Weipo, the Assistant Secretary of the HZMB Authority,Li Qiang, also revealed that from January to May this year, the cumulative number of passengers traveling via HZMB was about 11.65 million, representing a year-on-year increase of 57 per cent, with a daily average of 77,000 passenger trips.\n\n\n\nThe total two-way traffic flow of HZMB had also increased by 1.8 times year-on-year, with about 1,300 Golden Bus service trips per day, and nearly 50,000 passengers taking the shuttle buses every day.\n\n\n\nThe official also said that with further optimization of northbound vehicle policies, the number of people using the HZMB may further increase, and the scope of consumption of tourism activities in the mainland will also be expanded.\n\n\n\nWith the convergence of regulations and standards among Hong Kong, Zhuhai, and Macau becoming faster and faster, Li added that the role of the HZMB will be further emphasized, and the integration and development of the cities within the Greater Bay Area further accelerated.", "date_published": "June 16, 2024", "date_modified": "June 16, 2024 - 22:31", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://mbusiness.sgp1.digitaloceanspaces.com/2019/12/ZJJ_6459-696x463.jpg", "tags": [ "Greater Bay", "Macau", "MNA" ], "summary": "The total value of imports and exports through the Hong Kong Zhuhai Macau Bridge customs facilities has exceeded MOP845 billion ($105.3 million) since its opening in October 2018 and April 2024, involving goods from more than 230 countries and regions, a bridge official said according to TDM Radio." }, { "id": "https://www.macaubusiness.com/gaming-industry-faces-challenges-in-offering-new-experiences-to-gamblers-industry-insiders/", "url": "https://www.macaubusiness.com/gaming-industry-faces-challenges-in-offering-new-experiences-to-gamblers-industry-insiders/", "title": "Gaming industry faces challenges in offering new experiences to younger gamblers \u2013 Industry insiders", "content_html": "\"\"\n

The gaming industry is grappling with the challenge of introducing new experiences to casino gamblers, especially younger players.

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Lloyd Robson, General Manager for Asia at Aristocrat Gaming, and Ken Jolly, Vice President and Managing Director for Asia at Light & Wonder, both addressed these issues at a panel session held today at G2E Asia, emphasizing the role of technology and innovation in their strategies.

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Robson mentioned exciting developments in personalized technology. “Similar to online shopping platforms like Amazon, once players log in some information, we can provide recommendations for other games on the floor that they might enjoy. This is an exciting piece of technology we’re looking to implement.”

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Ken Jolly discussed the integration of advanced technologies, particularly AI, in the gaming industry.

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“I’ve always said that gaming industry technology typically lags behind general technology in other industries. However, there’s now much more AI integrated into our systems, providing valuable player data and insights,” Jolly remarked.

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Jolly emphasized the benefits of real-time data tracking. “We can now get play-by-play data and real-time insights. This allows us to understand what players really want and implement new features accordingly. AI programs in our systems are incredibly beneficial for operators and us, as we can leverage the data to enhance the gaming experience.”

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He also stressed the importance of a seamless player experience. “Players shouldn’t have to register to join a club manually. There are systems now that recognize card players automatically. Similar to booking a hotel or restaurant online, gaming environments should offer convenience through technology,” Jolly said.

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Lloyd Robson highlighted the difficulties mainland Chinese players in Macau face in understanding how some slot machines operate.

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“The main feed of the Macau market is the mainland Chinese, and their lack of understanding of how a slot machine actually works is significant,” Robson stated. “Market research has shown that many of them don’t even know where to insert money into the machine.”

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To tackle this, Aristocrat Gaming is focusing on using technology to educate players. “We’ve been thinking about how we use technology to work with operators to educate players on how to buy and consume gaming experiences. The goal is to create an environment where they can learn comfortably,” Robson explained.

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Attracting Younger Demographics

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Lloyd Robson, General Manager for Asia at Aristocrat Gaming (second from the left), and Ken Jolly, Vice President and Managing Director for Asia at Light & Wonder (third from the left)
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Both industry leaders highlighted the need to attract a younger demographic to the casino floors. Robson noted the demographic gap, stating, “The player base for slot machines is a bit older. We\u2019re always thinking about how we can partner with properties to bring in a different generation of players.” He pointed to successful collaborations, like their work with the NFL in the US, which has drawn a younger crowd.

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Jolly echoed this sentiment, acknowledging that traditional slot machines appeal mainly to an older demographic.

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“Slot machines have traditionally been the same for many years. Now they have more features, but we still need to find ways to attract the younger generation,” Jolly added. He suggested that improving the casino environment and offering innovative game designs could make the experience more appealing to younger players.

\n\n\n\n

In conclusion, both Robson and Jolly see technology as a key factor in educating players and enhancing the overall gaming experience. By leveraging AI and personalized technology, operators now aim to bridge the demographic gap and create a more engaging and efficient environment for all players.

\n", "content_text": "The gaming industry is grappling with the challenge of introducing new experiences to casino gamblers, especially younger players.\n\n\n\nLloyd Robson, General Manager for Asia at Aristocrat Gaming, and Ken Jolly, Vice President and Managing Director for Asia at Light & Wonder, both addressed these issues at a panel session held today at G2E Asia, emphasizing the role of technology and innovation in their strategies.\n\n\n\nRobson mentioned exciting developments in personalized technology. “Similar to online shopping platforms like Amazon, once players log in some information, we can provide recommendations for other games on the floor that they might enjoy. This is an exciting piece of technology we’re looking to implement.”\n\n\n\nKen Jolly discussed the integration of advanced technologies, particularly AI, in the gaming industry. \n\n\n\n“I’ve always said that gaming industry technology typically lags behind general technology in other industries. However, there’s now much more AI integrated into our systems, providing valuable player data and insights,” Jolly remarked.\n\n\n\nJolly emphasized the benefits of real-time data tracking. “We can now get play-by-play data and real-time insights. This allows us to understand what players really want and implement new features accordingly. AI programs in our systems are incredibly beneficial for operators and us, as we can leverage the data to enhance the gaming experience.”\n\n\n\nHe also stressed the importance of a seamless player experience. “Players shouldn’t have to register to join a club manually. There are systems now that recognize card players automatically. Similar to booking a hotel or restaurant online, gaming environments should offer convenience through technology,” Jolly said.\n\n\n\nLloyd Robson highlighted the difficulties mainland Chinese players in Macau face in understanding how some slot machines operate. \n\n\n\n“The main feed of the Macau market is the mainland Chinese, and their lack of understanding of how a slot machine actually works is significant,” Robson stated. “Market research has shown that many of them don’t even know where to insert money into the machine.”\n\n\n\nTo tackle this, Aristocrat Gaming is focusing on using technology to educate players. “We’ve been thinking about how we use technology to work with operators to educate players on how to buy and consume gaming experiences. The goal is to create an environment where they can learn comfortably,” Robson explained.\n\n\n\nAttracting Younger Demographics\n\n\n\nLloyd Robson, General Manager for Asia at Aristocrat Gaming (second from the left), and Ken Jolly, Vice President and Managing Director for Asia at Light & Wonder (third from the left)\n\n\n\nBoth industry leaders highlighted the need to attract a younger demographic to the casino floors. Robson noted the demographic gap, stating, “The player base for slot machines is a bit older. We\u2019re always thinking about how we can partner with properties to bring in a different generation of players.” He pointed to successful collaborations, like their work with the NFL in the US, which has drawn a younger crowd.\n\n\n\nJolly echoed this sentiment, acknowledging that traditional slot machines appeal mainly to an older demographic. \n\n\n\n“Slot machines have traditionally been the same for many years. Now they have more features, but we still need to find ways to attract the younger generation,” Jolly added. He suggested that improving the casino environment and offering innovative game designs could make the experience more appealing to younger players.\n\n\n\nIn conclusion, both Robson and Jolly see technology as a key factor in educating players and enhancing the overall gaming experience. By leveraging AI and personalized technology, operators now aim to bridge the demographic gap and create a more engaging and efficient environment for all players.", "date_published": "June 06, 2024", "date_modified": "June 06, 2024 - 15:57", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/01/gaming-table.jpeg", "tags": [ "Gaming", "Macau", "MNA", "MNA Featured" ], "summary": "The gaming industry is grappling with the challenge of introducing new experiences to casino gamblers, especially younger players." }, { "id": "https://www.macaubusiness.com/rigorous-staff-training-and-planning-needed-for-smart-table-transition-mgm-china-vp/", "url": "https://www.macaubusiness.com/rigorous-staff-training-and-planning-needed-for-smart-table-transition-mgm-china-vp/", "title": "Rigorous staff training and planning needed for smart table transition \u2013 MGM China VP", "content_html": "\"\"\n

Robust team training and thorough process evaluation are needed from the start when implementing smart tables into casinos, Graeme Croft, Vice President of Table Operations at MGM China, said today (Wednesday).

\n\n\n\n

Croft was part of a round table centered on the theme ‘Smart Table: New Era of Cohabitating with Innovations’, and included in the G2E Asia conference held at The Venetian.

\n\n\n\n

The implementation of \u201csmart\u201d gaming tables in Macau casinos has become a hot topic of late, due to their capacity to collect and analyze gameplay data.

\n\n\n\n

In a recent report, Citi revealed that such tables now represent approximately 10 percent of all tables in the SAR, citing its use across various casinos in the city, including observations at MGM, Londoner Casino, and Wynn, and plans for further rollout by Galaxy, Melco, and SJM throughout 2024.

\n\n\n\n

In MGM China\u2019s first quarter conference call, the group\u2019s CFO and President, Hubert Wang, described that thanks to the capability of tracking all the play, smart tables allow operators to have a lot more data to be used for precision marketing based on various customers\u2019 playing levels and for real-time rewards.

\n\n\n\n

In the talk today, the MGM China Vice President of Table Operations emphasized the transformative potential of smart tables in gaming operations, from improving efficiency and security to enhancing the player experience.

\n\n\n\n

However, he warned that the transition requires meticulous planning and a dedicated team.

\n\n\n\n

“One of the critical factors is ensuring a strong training team and examining all processes,” Croft stated. “This is vital because the system involves many moving parts. While the basic game mechanics remain the same, there are idiosyncrasies such as side bets that require consideration. It\u2019s crucial to get everyone on board and synchronize all departments.”

\n\n\n\n

Croft also highlighted the importance of workshops and feedback sessions with dealers and sellers. “Receiving feedback from our team members and working with adaptable vendors is essential. Training is a continuous process, and it may take about six months to see significant changes.”

\n\n\n\n

Benchmarking is another key aspect of the implementation process. “We benchmark many of our processes, timing them and making layout adjustments as needed,” Croft explained. “By identifying where staff performance deviates from expectations, we can provide targeted training and coaching. Placing the right people in the right roles is crucial for improvement.”

\n\n\n\n

Operational efficiency is a major benefit of smart tables, according to Croft. “Automation enhances efficiency in various tasks such as closing tables, credits, ratings, and rolling tables. The time saved on these tasks compared to manual operations is substantial, leading to significant outcomes.”

\n\n\n\n

Smart tables also offer improvements in security and integrity. “With automated systems, thresholds can be increased without waiting for supervisor approval, enhancing the player experience. Additionally, the security of chips and transactions is bolstered, protecting company assets and reducing fraudulent activities like collusion,” Croft noted.

\n\n\n\n

Moreover, smart tables address issues such as payment discrepancies. “Dealers, being human, can make mistakes, resulting in over or under payments. The data and alerts provided by the system help in managing and correcting these errors, contributing to overall operational integrity.”

\n", "content_text": "Robust team training and thorough process evaluation are needed from the start when implementing smart tables into casinos, Graeme Croft, Vice President of Table Operations at MGM China, said today (Wednesday).\n\n\n\nCroft was part of a round table centered on the theme ‘Smart Table: New Era of Cohabitating with Innovations’, and included in the G2E Asia conference held at The Venetian. \n\n\n\nThe implementation of \u201csmart\u201d gaming tables in Macau casinos has become a hot topic of late, due to their capacity to collect and analyze gameplay data.\n\n\n\nIn a recent report, Citi revealed that such tables now represent approximately 10 percent of all tables in the SAR, citing its use across various casinos in the city, including observations at MGM, Londoner Casino, and Wynn, and plans for further rollout by Galaxy, Melco, and SJM throughout 2024.\n\n\n\nIn MGM China\u2019s first quarter conference call, the group\u2019s CFO and President, Hubert Wang, described that thanks to the capability of tracking all the play, smart tables allow operators to have a lot more data to be used for precision marketing based on various customers\u2019 playing levels and for real-time rewards.\n\n\n\nIn the talk today, the MGM China Vice President of Table Operations emphasized the transformative potential of smart tables in gaming operations, from improving efficiency and security to enhancing the player experience. \n\n\n\nHowever, he warned that the transition requires meticulous planning and a dedicated team.\n\n\n\n“One of the critical factors is ensuring a strong training team and examining all processes,” Croft stated. “This is vital because the system involves many moving parts. While the basic game mechanics remain the same, there are idiosyncrasies such as side bets that require consideration. It\u2019s crucial to get everyone on board and synchronize all departments.”\n\n\n\nCroft also highlighted the importance of workshops and feedback sessions with dealers and sellers. “Receiving feedback from our team members and working with adaptable vendors is essential. Training is a continuous process, and it may take about six months to see significant changes.”\n\n\n\nBenchmarking is another key aspect of the implementation process. “We benchmark many of our processes, timing them and making layout adjustments as needed,” Croft explained. “By identifying where staff performance deviates from expectations, we can provide targeted training and coaching. Placing the right people in the right roles is crucial for improvement.”\n\n\n\nOperational efficiency is a major benefit of smart tables, according to Croft. “Automation enhances efficiency in various tasks such as closing tables, credits, ratings, and rolling tables. The time saved on these tasks compared to manual operations is substantial, leading to significant outcomes.”\n\n\n\nSmart tables also offer improvements in security and integrity. “With automated systems, thresholds can be increased without waiting for supervisor approval, enhancing the player experience. Additionally, the security of chips and transactions is bolstered, protecting company assets and reducing fraudulent activities like collusion,” Croft noted.\n\n\n\nMoreover, smart tables address issues such as payment discrepancies. “Dealers, being human, can make mistakes, resulting in over or under payments. The data and alerts provided by the system help in managing and correcting these errors, contributing to overall operational integrity.”", "date_published": "June 05, 2024", "date_modified": "June 05, 2024 - 21:19", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/06/WhatsApp-Image-2024-06-05-at-5.40.57-PM-1.jpeg", "tags": [ "Gaming", "Macau", "MNA" ], "summary": "Robust team training and thorough process evaluation are needed from the start when implementing smart tables into casinos, Graeme Croft, Vice President of Table Operations at MGM China, said today (Wednesday)." }, { "id": "https://www.macaubusiness.com/macaus-gaming-industry-rebounded-with-new-focus-on-premium-experiences-analyst/", "url": "https://www.macaubusiness.com/macaus-gaming-industry-rebounded-with-new-focus-on-premium-experiences-analyst/", "title": "Macau\u2019s gaming industry rebounded with new focus on premium experiences \u2013 Analyst", "content_html": "\"\"\n

The gaming industry in Macau has witnessed a strong rebound since the pandemic, an industry expert pointed out today at the G2E Asia conference, with the city still managing to adapt to a shift in gaming behavior and consumer preferences.

\n\n\n\n

In a panel discussion on Emerging Market Talks, Angus Chan, Associate Director of Research at UBS AG, highlighted the positive trajectory of Macau’s gaming revenue.

\n\n\n\n

“Macau has reported a pretty strong recovery of gaming revenue last year, and the trend looks pretty happy this year as well,” he noted.

\n\n\n\n

Macau recorded gross gaming revenue of\u00a0MOP183.1 billion (US$22.7 billion)\u00a0in 2023, representing a 334 per cent year-on-year increase. However, this amount was also 62.6 per cent of 2019 levels.

\n\n\n\n

Chan also observed a shift in gaming behavior and consumer preferences in Macau and other regional markets. “We see some trade-up,” he said. “The high-end customers, the rich, are traveling to Macau and other places in the region, including Singapore, leading to a higher per capita spend.”

\n\n\n\n

This shift towards a more premium and experience-driven gaming landscape is further corroborated by Chan’s remarks. “The future seems to be more content-driven and experience-driven. Governments around the region have also picked up in terms of marketing efforts,” he explained.

\n\n\n\n

The introduction of new hotel rooms, concerts, and various events, he says, have played a crucial role in enhancing the overall appeal of Macau as a gaming and entertainment destination.

\n\n\n\n

“That’s one structure change person to our team, and that’s been able to have to customers, whether it’s going to Singapore or town. I think that remains a driver in the future in an environment where there’s a fair bit of land left,” Chan said.

\n\n\n\n

Interestingly, the gaming industry’s resilience seems to be defying the broader macroeconomic conditions.

\n\n\n\n

As Chan noted, “It’s quite surprising because we do have a relatively weak macro environment. But I think in terms of the locations and the gaming destinations, in general, I think that is a big push for higher content, new hotel rooms, new content, a lot of concerts, a lot of events.”

\n\n\n\n

The positive outlook extends beyond Macau, with Chan highlighting the strong performance of the gaming industry in Singapore as well. “Singapore is doing very well. That looks like it’s going to continue with visa travel, trying to add in more flights. That should continue to drive revenue,” he stated.

\n", "content_text": "The gaming industry in Macau has witnessed a strong rebound since the pandemic, an industry expert pointed out today at the G2E Asia conference, with the city still managing to adapt to a shift in gaming behavior and consumer preferences.\n\n\n\nIn a panel discussion on Emerging Market Talks, Angus Chan, Associate Director of Research at UBS AG, highlighted the positive trajectory of Macau’s gaming revenue. \n\n\n\n“Macau has reported a pretty strong recovery of gaming revenue last year, and the trend looks pretty happy this year as well,” he noted.\n\n\n\nMacau recorded gross gaming revenue of\u00a0MOP183.1 billion (US$22.7 billion)\u00a0in 2023, representing a 334 per cent year-on-year increase. However, this amount was also 62.6 per cent of 2019 levels.\n\n\n\nChan also observed a shift in gaming behavior and consumer preferences in Macau and other regional markets. “We see some trade-up,” he said. “The high-end customers, the rich, are traveling to Macau and other places in the region, including Singapore, leading to a higher per capita spend.”\n\n\n\nThis shift towards a more premium and experience-driven gaming landscape is further corroborated by Chan’s remarks. “The future seems to be more content-driven and experience-driven. Governments around the region have also picked up in terms of marketing efforts,” he explained.\n\n\n\nThe introduction of new hotel rooms, concerts, and various events, he says, have played a crucial role in enhancing the overall appeal of Macau as a gaming and entertainment destination. \n\n\n\n“That’s one structure change person to our team, and that’s been able to have to customers, whether it’s going to Singapore or town. I think that remains a driver in the future in an environment where there’s a fair bit of land left,” Chan said.\n\n\n\nInterestingly, the gaming industry’s resilience seems to be defying the broader macroeconomic conditions. \n\n\n\nAs Chan noted, “It’s quite surprising because we do have a relatively weak macro environment. But I think in terms of the locations and the gaming destinations, in general, I think that is a big push for higher content, new hotel rooms, new content, a lot of concerts, a lot of events.”\n\n\n\nThe positive outlook extends beyond Macau, with Chan highlighting the strong performance of the gaming industry in Singapore as well. “Singapore is doing very well. That looks like it’s going to continue with visa travel, trying to add in more flights. That should continue to drive revenue,” he stated.", "date_published": "June 04, 2024", "date_modified": "June 04, 2024 - 18:27", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://mbusiness.sgp1.digitaloceanspaces.com/2016/12/luxury.jpg", "tags": [ "Gaming", "Macau", "MNA" ], "summary": "The gaming industry in Macau has witnessed a strong rebound since the pandemic, an industry expert pointed out today at the G2E Asia conference, with the city still managing to adapt to a shift in gaming behavior and consumer preferences." }, { "id": "https://www.macaubusiness.com/macau-future-ggr-growth-to-be-anchored-on-chinas-nominal-gdp-analyst/", "url": "https://www.macaubusiness.com/macau-future-ggr-growth-to-be-anchored-on-chinas-nominal-gdp-analyst/", "title": "Macau future GGR growth to be anchored on China\u2019s nominal GDP \u2013 Analyst", "content_html": "\"\"\n

Macau’s gross gaming revenue (GGR) future growth will have a strong correlation with China’s nominal GDP, a Morgan Stanley analyst commented today (Tuesday) at the G2E Asia conference.

\n\n\n\n

During a talk focused on the ‘Outlook of Asian Gaming Markets’, Praveen Choudhary, managing director of Morgan Stanley Asia, discussed the factors contributing to Macau’s potential for growth in the next years and the SAR’s possible GGR ceiling.

\n\n\n\n

“We all are trying to figure this out,” Choudhary remarked, addressing the uncertainty surrounding the city’s future GGR.

\n\n\n\n

Macau recorded gross gaming revenue of MOP183.1 billion (US$22.7 billion) in 2023, representing a 334 per cent year-on-year increase. However, this amount was also 62.6 per cent of 2019 levels, casting doubts over the city’s future growth with a much lower VIP sector.

\n\n\n\n

Choudhary emphasized the significant correlation between China’s nominal GDP and Macau’s mass gaming revenue, using historical data as a reference point.

\n\n\n\n

“You have to see when you look at 2024, 2025, what would be the nominal GDP? Not the real GDP, but nominal GDP. That has a perfect correlation with mass revenue,” he explained.

\n\n\n\n

Choudhary pointed out that China’s nominal GDP is currently 20-25 per cent higher than pre-COVID levels, indicating a potential rise in Macau’s gaming revenue.

\n\n\n\n

“The reported number, whether we agree or not, that’s the number. Then you put that percentage, and hopefully, we can get there without doing anything,” he stated.

\n\n\n\n

The number of hotel rooms in Macau has also increased by 16 per cent compared to pre-pandemic figures, with Choudhary noting that many of these new rooms are of higher quality, contributing further to the potential revenue increase.

\n\n\n\n
\"\"
\n\n\n\n

“Some of these rooms are, dare I say, bigger, better. We look at the Londoner renovation and so on. We can get a little bit more than 16 per cent on any index basis,” he elaborated.

\n\n\n\n

The MS analyst then highlighted the importance of increasing per capita spending to maximize GGR. Using Singapore as a case study, he noted that despite no increase in hotel rooms or visitors, Singapore’s gaming revenue rose by 30-40 per cent.

\n\n\n\n

“The number of rooms in Singapore has not gone up. The number of visitors have not come up. The revenue is up 30, 40 per cent,” he said, emphasizing the potential for Macau to replicate this success.

\n\n\n\n

Choudary then stressed the need to attract high-end visitors and improve the overall quality of the guest experience to drive revenue growth.

\n\n\n\n

The crucial role of the Chinese government support and infrastructure development in driving Macau’s growth was also highlighted, with the MS analyst praising the expansion of the individual visa scheme from 40 to 60 cities, calling it “an incredibly positive signal.”

\n\n\n\n

Recently 10 Chinese mainland cities were added to China\u2019s exit visa system for independent travellers to go to Macau or Hong Kong, known as the Individual Visit Scheme (IVS).

\n\n\n\n

“It doesn’t matter whether those cities are which cities. It’s irrelevant. It’s just that government is saying, I’m going to give you 12 more cities. It’s amazing. It takes away all the risk factors that people think about, ‘Oh, China is against Macau’ [gaming],” he pointed out

\n\n\n\n

Infrastructure improvements, such as new bridges, high-speed trains, and airports, were also highlighted as key factors.

\n\n\n\n

“Mainland putting money on infrastructure to connect to Macau is incredible. We have more bridges, more trains, more speed trains, more airports, Zhuhai Airport, Hong Kong Airport. We really can’t ask more,” Choudhary said.

\n\n\n\n

In conclusion, Choudhary expressed his optimism for Macau’s gaming revenue growth.

\n\n\n\n

“My answer to your question is that I am very hopeful for mass revenue for the next couple of years, at least grow at GDP/plus. If it’s 10 per cent or 12 per cent that’s anybody’s guess, but there is very clear room for growth in the next years.”

\n\n\n\n

\n\n\n\n

Macau News Agency (MNA) is Official Host Publication of G2E Asia + Asian IR Expo 2024

\n", "content_text": "Macau’s gross gaming revenue (GGR) future growth will have a strong correlation with China’s nominal GDP, a Morgan Stanley analyst commented today (Tuesday) at the G2E Asia conference.\n\n\n\nDuring a talk focused on the ‘Outlook of Asian Gaming Markets’, Praveen Choudhary, managing director of Morgan Stanley Asia, discussed the factors contributing to Macau’s potential for growth in the next years and the SAR’s possible GGR ceiling.\n\n\n\n“We all are trying to figure this out,” Choudhary remarked, addressing the uncertainty surrounding the city’s future GGR.\n\n\n\nMacau recorded gross gaming revenue of MOP183.1 billion (US$22.7 billion) in 2023, representing a 334 per cent year-on-year increase. However, this amount was also 62.6 per cent of 2019 levels, casting doubts over the city’s future growth with a much lower VIP sector.\n\n\n\nChoudhary emphasized the significant correlation between China’s nominal GDP and Macau’s mass gaming revenue, using historical data as a reference point. \n\n\n\n“You have to see when you look at 2024, 2025, what would be the nominal GDP? Not the real GDP, but nominal GDP. That has a perfect correlation with mass revenue,” he explained.\n\n\n\nChoudhary pointed out that China’s nominal GDP is currently 20-25 per cent higher than pre-COVID levels, indicating a potential rise in Macau’s gaming revenue. \n\n\n\n“The reported number, whether we agree or not, that’s the number. Then you put that percentage, and hopefully, we can get there without doing anything,” he stated. \n\n\n\nThe number of hotel rooms in Macau has also increased by 16 per cent compared to pre-pandemic figures, with Choudhary noting that many of these new rooms are of higher quality, contributing further to the potential revenue increase.\n\n\n\n\n\n\n\n“Some of these rooms are, dare I say, bigger, better. We look at the Londoner renovation and so on. We can get a little bit more than 16 per cent on any index basis,” he elaborated. \n\n\n\nThe MS analyst then highlighted the importance of increasing per capita spending to maximize GGR. Using Singapore as a case study, he noted that despite no increase in hotel rooms or visitors, Singapore’s gaming revenue rose by 30-40 per cent.\n\n\n\n“The number of rooms in Singapore has not gone up. The number of visitors have not come up. The revenue is up 30, 40 per cent,” he said, emphasizing the potential for Macau to replicate this success. \n\n\n\nChoudary then stressed the need to attract high-end visitors and improve the overall quality of the guest experience to drive revenue growth. \n\n\n\nThe crucial role of the Chinese government support and infrastructure development in driving Macau’s growth was also highlighted, with the MS analyst praising the expansion of the individual visa scheme from 40 to 60 cities, calling it “an incredibly positive signal.” \n\n\n\nRecently 10 Chinese mainland cities were added to China\u2019s exit visa system for independent travellers to go to Macau or Hong Kong, known as the Individual Visit Scheme (IVS).\n\n\n\n“It doesn’t matter whether those cities are which cities. It’s irrelevant. It’s just that government is saying, I’m going to give you 12 more cities. It’s amazing. It takes away all the risk factors that people think about, ‘Oh, China is against Macau’ [gaming],” he pointed out\n\n\n\nInfrastructure improvements, such as new bridges, high-speed trains, and airports, were also highlighted as key factors. \n\n\n\n“Mainland putting money on infrastructure to connect to Macau is incredible. We have more bridges, more trains, more speed trains, more airports, Zhuhai Airport, Hong Kong Airport. We really can’t ask more,” Choudhary said.\n\n\n\nIn conclusion, Choudhary expressed his optimism for Macau’s gaming revenue growth. \n\n\n\n“My answer to your question is that I am very hopeful for mass revenue for the next couple of years, at least grow at GDP/plus. If it’s 10 per cent or 12 per cent that’s anybody’s guess, but there is very clear room for growth in the next years.”\n\n\n\n\n\n\n\nMacau News Agency (MNA) is Official Host Publication of G2E Asia + Asian IR Expo 2024", "date_published": "June 04, 2024", "date_modified": "June 05, 2024 - 00:53", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/06/WhatsApp-Image-2024-06-04-at-2.10.10-PM.jpeg", "tags": [ "Gaming", "Macau", "MNA", "MNA Featured" ], "summary": "Macau's gross gaming revenue (GGR) future growth will have a strong correlation with China's nominal GDP, a Morgan Stanley analyst commented today (Tuesday) at the G2E Asia conference." }, { "id": "https://www.macaubusiness.com/smart-tables-eying-better-gains/", "url": "https://www.macaubusiness.com/smart-tables-eying-better-gains/", "title": "Smart tables (eyeing) better gains", "content_html": "\"\"\n

The introduction of “smart” gaming tables in Macau casinos has ignited industry interest due to their efficient gameplay data analysis. Analysts project significant revenue growth, leading to widespread implementation this year

\n\n\n\n

Nelson Moura

\n\n\n\n
\n\n\n\n

The implementation of \u201csmart\u201d gaming tables in Macau casinos has become a hot topic of late, due to their capacity to collect and analyse gameplay data.

\n\n\n\n
\"\"
\n\n\n\n

In the current market, casinos have three choices of smart tables, namely, those with radio frequency identification (RFID) technology embedded in the table, float, and chips to track gameplay and patron activity, those equipped with cameras, including in some instances facial and body recognition, to track gameplay and patron activity; and hybrid tables, utilize a blend of RFID combined with video analytics to track gameplay and patron activity.

\n\n\n\n

In a recent report, Citi revealed that such tables now represent approximately 10 percent of all tables in the SAR, citing its use across various casinos in the city, including observations at MGM, Londoner Casino, and Wynn, and plans for further rollout by Galaxy, Melco, and SJM throughout 2024, the brokerage added,

\n\n\n\n

For analysts George Choi and Ryan Cheung, such technology has the potential for a 5.9 percent increase in GGR for every five seconds saved per game of baccarat, an acceleration expected to contribute significantly to revenue growth without relying on higher footfall. 

\n\n\n\n

The brokerage considered that gaming operators have a widespread plan to implement smart gaming tables across all baccarat tables, with some aiming to complete the rollout by the end of this year. 

\n\n\n\n
\"\"
\n\n\n\n

One by one

\n\n\n\n

Smart gaming tables have already been deployed in Asia Pacific integrated resorts, namely, in Singapore and Australia, with Macau now progressing with its adaptation to the technology with the backing of local gaming regulatory authorities.

\n\n\n\n

In March of this year, during a meeting with Macau gaming operators, the casino regulatory body, the Gaming Inspection and Coordination Bureau (DICJ), urged them to update their monitoring systems on the gaming floor, and implement \u2018comprehensive management through technology\u2019.

\n\n\n\n

This specific term used by the DICJ seemed to indirectly address the installation of smart gaming tables, as a way to improve the efficiency of casino operation and management, and of course, assets the gaming watchdog to oversee gambling operations.

\n\n\n\n

Recently, some of the SAR\u2019s six gaming concessionaires mentioned the implementation of this technology in their properties in their most recent financial reports for the first quarter of 2024.

\n\n\n\n

The Chairman of Galaxy Entertainment Group, Lui Che Woo, indicated that the gaming operator is in the process of “implementing smart tables, which will drive further efficiency across the gaming floor.”.

\n\n\n\n

Brokerage Jefferies Hong Kong Ltd, in a note citing key points discussed by Galaxy Entertainment\u2019s management during a conference call on the recent results, stated that smart table deployment by GEG will be launched from July onwards and be \u201ccompleted by year-end.\u201d.

\n\n\n\n
\"\"
\n\n\n\n

In a previous conference call, GEG\u2019s CFO, Ted Chan Ying Tat, stated that RFID would contribute to a lot of improvements in the effectiveness of the gaming floor as well as its “integrity.”. 

\n\n\n\n

\u201cWe\u2019re already starting the process, and we are planning to launch out all these technology-related initiatives during the year,\u201d he said at the time.

\n\n\n\n

In MGM China\u2019s first quarter conference call, the group\u2019s CFO and President, Hubert Wang, gave a comprehensive explanation of the multiple benefits of smart tables. 

\n\n\n\n

\u201cFirst of all, you have game security. Everything is tracked, and it’s very difficult to cheat a game; it\u2019s almost impossible. We have cases where people thought that they got away, but as long as the chips come back, they were caught,\u201d Wang noted.

\n\n\n\n

There is also operating efficiency because it could require far less supervision, and manning. These are just from a basic operations standpoint. 

\n\n\n\n

The MGM China CFO also described how, thanks to the capability of tracking all the play, smart tables allow operators to have a lot more data to be used for precision marketing based on various customers’ playing levels and for real-time rewards.

\n\n\n\n

\u201cIt allows us to develop new games as well. For instance, we already launched insurance back in this market, and this is impossible to do manually. And with this technology, we can do it. And it’s also very favourably viewed by the regulators in this environment,\u201d he described.

\n\n\n\n

\u201cEverybody is trying to implement that, and I think that we have at least several years of lead in the implementation and also take advantage of this technology to execute various programmes.\u201d

\n\n\n\n

In their respective first quarter conference call, the CEO of Melco Resort & Entertainment Limited described that once every operator implements smart tables, illegal activities such as those connected to \u201cunlicensed junkets\u201d, will be eliminated.

\n\n\n\n

In the same call, Geoffrey Stuart Davis Executive VP and CFO of Melco revealed the group would receive the delivery of its first set of tables in the second quarter, with full implementation by approximately the same time next year.

\n\n\n\n

\u201cAlthough it will be a small enough number, it will be more on a pilot or trial basis as we continue to do our learnings with full-scale adoption pacing out really over the next year until we have our full force of tables. In the short term, we’re looking at how we might deploy them within specific areas within the property,\u201d Davis described.

\n\n\n\n

In response to questions submitted by Macau Business about the use of AI, RFID, and facial recognition in smart gaming tables, the Director of the Office for Personal Data Protection (DSPDP) highlighted that these technologies fall under the purview of the Personal Data Protection Act (Law no. 8/2005). Based on these provisions, the Office stated that if smart gaming tables collect and process personal data, they must adhere to these regulations. Specifically, facial recognition technology may involve sensitive data, requiring strict compliance with the outlined conditions for lawful processing and principles like data adequacy and security. The DSPDP added that all electronic surveillance and operational equipment used by gaming operators in Macau must be approved by the Gaming Inspection and Coordination Bureau (DICJ).

\n\n\n\n

Macau Business contacted the DICJ with a series of questions on this matter, including how many gaming concessionaires have requested to implement these smart tables in their properties, how many smart tables are currently being used in Macau, and if the Bureau has made any special requests regarding what data these tables should collect or what functions they should provide. We also asked the gaming watchdog if it is actively incentivising gaming companies to implement smart tables and what advantages the technology could offer for regulatory purposes. However, no response had been provided by the DICJ at the time of printing.

\n\n\n\n


\u201cSmart tables will change the way table game operates. It’s a big thing. It’s a big change for users as well\u201d – Asuka Kurahashi, Angel Macau President

\n\n\n\n


\u201cWhile the primary interest of casino operators is data collection and security enhancement, they also prioritize maintaining game speed and table layout flexibility to optimize player experience and revenue generation\u201d – Asuka Kurahashi, Angel Macau President

\n\n\n\n
\"\"
Asuka Kurahashi, Angel Macau President and COO
\n\n\n\n

The supplier side

\n\n\n\n

 For Angel Macau President, Asuka Kurahashi, smart table technology offers considerable advantages in improving gaming operations efficiency and security while maintaining the pace of live casino games. 

\n\n\n\n

In an interview for Macau Business, Kurahashi highlighted that smart tables collect data using AI and RFID technology, digitising bet movements without disrupting gameplay, and were able to reduce supervision workload rather than necessitate additional personnel.

\n\n\n\n

Mostly known for its playing cards and card shoes in the casino equipment supply market, the Japan-based Angel Group is also taking a chance in the smart tables business, having developed an AI-RFID hybrid design.

\n\n\n\n

AI and RFID enable the real-time capture of data, such as game results per table, betting amounts, and casino chip inventory. By comparing the digital information of the game result, the bet amount for each bet location, and the chip inventory in the chip float, the theoretically correct balance of the game can be analyzed. Game progress can be confirmed, by checking the collection and payout conducted by the dealer at each table, and by checking for any fraud during the game.

\n\n\n\n

\u201cWhile the primary interest of casino operators is data collection and security enhancement, they also prioritise maintaining game speed and table layout flexibility to optimise player experience and revenue generation,\u201d Kurahashi noted.

\n\n\n\n

Kurahashi noted the successful implementations of smart tables in other gaming markets like Singapore and Australia, emphasising the significant operational changes associated with adopting this technology. 

\n\n\n\n

\u201cThe main interest of the casino operators is, of course, they want to obtain all those data of that table games, how much betting is taking place and how much they are playing on each hand. But of course, they want to increase the security,\u201d she described. 

\n\n\n\n

\u201cThey want to have those kinds of data and they want to secure the game integrity. But at the same time, their concern is that they don’t want to slow the game speed because of the system. Because it’s revenue, right? If they slow the game, then they lose the revenue. 

\n\n\n\n

Operators also do not want to have to change the table\u2019s layout or design, or if implanting changes, they do not want the system to limit the table layout design.

\n\n\n\n

\u201cThis is because the table layout design impacts how players bet. A side bet is much higher than a house bet, right? So the casino wants more side bets and wants to encourage the player to side bet,\u201d Kurahashi adds. 

\n\n\n\n

\u201cTo do this table layout design is very important. So the casino wants to have a free experience. Any table layer they can use and system their system can support.\u201d

\n\n\n\n

Angel is currently working with a Macau concessionaire, initially only in one Cotai property but with plans to progressively roll out smart tables across all properties, with an initial focus on Baccarat tables.

\n\n\n\n

At the same time, Angel has maintained negotiations with operators across various Asian countries, including South Korea, Australia, the Philippines, Singapore, and Malaysia.

\n\n\n\n

Smart table technology has been in development for over a decade, with Angel foreseeing its market entry. However, the complexity of smart table development, along with external factors like the COVID-19 pandemic, delayed its adoption. 

\n\n\n\n

\u201cSmart tables will change the way table game operates. It’s a big thing. It’s a big change for users as well. It involves a load of different departments. One is table operation, of course. One is surveillance because they need to monitor the game security,\u201d Kurahashi told MB.

\n\n\n\n

\u201cAnother is the marketing team because now they can get the data of each patron’s betting history. It’s a huge project.\u201d

\n\n\n\n

\n", "content_text": "The introduction of “smart” gaming tables in Macau casinos has ignited industry interest due to their efficient gameplay data analysis. Analysts project significant revenue growth, leading to widespread implementation this year\n\n\n\nNelson Moura\n\n\n\n\n\n\n\nThe implementation of \u201csmart\u201d gaming tables in Macau casinos has become a hot topic of late, due to their capacity to collect and analyse gameplay data.\n\n\n\n\n\n\n\nIn the current market, casinos have three choices of smart tables, namely, those with radio frequency identification (RFID) technology embedded in the table, float, and chips to track gameplay and patron activity, those equipped with cameras, including in some instances facial and body recognition, to track gameplay and patron activity; and hybrid tables, utilize a blend of RFID combined with video analytics to track gameplay and patron activity.\n\n\n\nIn a recent report, Citi revealed that such tables now represent approximately 10 percent of all tables in the SAR, citing its use across various casinos in the city, including observations at MGM, Londoner Casino, and Wynn, and plans for further rollout by Galaxy, Melco, and SJM throughout 2024, the brokerage added,\n\n\n\nFor analysts George Choi and Ryan Cheung, such technology has the potential for a 5.9 percent increase in GGR for every five seconds saved per game of baccarat, an acceleration expected to contribute significantly to revenue growth without relying on higher footfall. \n\n\n\nThe brokerage considered that gaming operators have a widespread plan to implement smart gaming tables across all baccarat tables, with some aiming to complete the rollout by the end of this year. \n\n\n\n\n\n\n\nOne by one\n\n\n\nSmart gaming tables have already been deployed in Asia Pacific integrated resorts, namely, in Singapore and Australia, with Macau now progressing with its adaptation to the technology with the backing of local gaming regulatory authorities.\n\n\n\nIn March of this year, during a meeting with Macau gaming operators, the casino regulatory body, the Gaming Inspection and Coordination Bureau (DICJ), urged them to update their monitoring systems on the gaming floor, and implement \u2018comprehensive management through technology\u2019.\n\n\n\nThis specific term used by the DICJ seemed to indirectly address the installation of smart gaming tables, as a way to improve the efficiency of casino operation and management, and of course, assets the gaming watchdog to oversee gambling operations.\n\n\n\nRecently, some of the SAR\u2019s six gaming concessionaires mentioned the implementation of this technology in their properties in their most recent financial reports for the first quarter of 2024.\n\n\n\nThe Chairman of Galaxy Entertainment Group, Lui Che Woo, indicated that the gaming operator is in the process of “implementing smart tables, which will drive further efficiency across the gaming floor.”.\n\n\n\nBrokerage Jefferies Hong Kong Ltd, in a note citing key points discussed by Galaxy Entertainment\u2019s management during a conference call on the recent results, stated that smart table deployment by GEG will be launched from July onwards and be \u201ccompleted by year-end.\u201d.\n\n\n\n\n\n\n\nIn a previous conference call, GEG\u2019s CFO, Ted Chan Ying Tat, stated that RFID would contribute to a lot of improvements in the effectiveness of the gaming floor as well as its “integrity.”. \n\n\n\n\u201cWe\u2019re already starting the process, and we are planning to launch out all these technology-related initiatives during the year,\u201d he said at the time.\n\n\n\nIn MGM China\u2019s first quarter conference call, the group\u2019s CFO and President, Hubert Wang, gave a comprehensive explanation of the multiple benefits of smart tables. \n\n\n\n\u201cFirst of all, you have game security. Everything is tracked, and it’s very difficult to cheat a game; it\u2019s almost impossible. We have cases where people thought that they got away, but as long as the chips come back, they were caught,\u201d Wang noted.\n\n\n\nThere is also operating efficiency because it could require far less supervision, and manning. These are just from a basic operations standpoint. \n\n\n\nThe MGM China CFO also described how, thanks to the capability of tracking all the play, smart tables allow operators to have a lot more data to be used for precision marketing based on various customers’ playing levels and for real-time rewards.\n\n\n\n\u201cIt allows us to develop new games as well. For instance, we already launched insurance back in this market, and this is impossible to do manually. And with this technology, we can do it. And it’s also very favourably viewed by the regulators in this environment,\u201d he described.\n\n\n\n\u201cEverybody is trying to implement that, and I think that we have at least several years of lead in the implementation and also take advantage of this technology to execute various programmes.\u201d\n\n\n\nIn their respective first quarter conference call, the CEO of Melco Resort & Entertainment Limited described that once every operator implements smart tables, illegal activities such as those connected to \u201cunlicensed junkets\u201d, will be eliminated.\n\n\n\nIn the same call, Geoffrey Stuart Davis Executive VP and CFO of Melco revealed the group would receive the delivery of its first set of tables in the second quarter, with full implementation by approximately the same time next year.\n\n\n\n\u201cAlthough it will be a small enough number, it will be more on a pilot or trial basis as we continue to do our learnings with full-scale adoption pacing out really over the next year until we have our full force of tables. In the short term, we’re looking at how we might deploy them within specific areas within the property,\u201d Davis described.\n\n\n\nIn response to questions submitted by Macau Business about the use of AI, RFID, and facial recognition in smart gaming tables, the Director of the Office for Personal Data Protection (DSPDP) highlighted that these technologies fall under the purview of the Personal Data Protection Act (Law no. 8/2005). Based on these provisions, the Office stated that if smart gaming tables collect and process personal data, they must adhere to these regulations. Specifically, facial recognition technology may involve sensitive data, requiring strict compliance with the outlined conditions for lawful processing and principles like data adequacy and security. The DSPDP added that all electronic surveillance and operational equipment used by gaming operators in Macau must be approved by the Gaming Inspection and Coordination Bureau (DICJ).\n\n\n\nMacau Business contacted the DICJ with a series of questions on this matter, including how many gaming concessionaires have requested to implement these smart tables in their properties, how many smart tables are currently being used in Macau, and if the Bureau has made any special requests regarding what data these tables should collect or what functions they should provide. We also asked the gaming watchdog if it is actively incentivising gaming companies to implement smart tables and what advantages the technology could offer for regulatory purposes. However, no response had been provided by the DICJ at the time of printing.\n\n\n\n \u201cSmart tables will change the way table game operates. It’s a big thing. It’s a big change for users as well\u201d – Asuka Kurahashi, Angel Macau President \n\n\n\n \u201cWhile the primary interest of casino operators is data collection and security enhancement, they also prioritize maintaining game speed and table layout flexibility to optimize player experience and revenue generation\u201d – Asuka Kurahashi, Angel Macau President \n\n\n\nAsuka Kurahashi, Angel Macau President and COO\n\n\n\nThe supplier side\n\n\n\n For Angel Macau President, Asuka Kurahashi, smart table technology offers considerable advantages in improving gaming operations efficiency and security while maintaining the pace of live casino games. \n\n\n\nIn an interview for Macau Business, Kurahashi highlighted that smart tables collect data using AI and RFID technology, digitising bet movements without disrupting gameplay, and were able to reduce supervision workload rather than necessitate additional personnel.\n\n\n\nMostly known for its playing cards and card shoes in the casino equipment supply market, the Japan-based Angel Group is also taking a chance in the smart tables business, having developed an AI-RFID hybrid design.\n\n\n\nAI and RFID enable the real-time capture of data, such as game results per table, betting amounts, and casino chip inventory. By comparing the digital information of the game result, the bet amount for each bet location, and the chip inventory in the chip float, the theoretically correct balance of the game can be analyzed. Game progress can be confirmed, by checking the collection and payout conducted by the dealer at each table, and by checking for any fraud during the game.\n\n\n\n\u201cWhile the primary interest of casino operators is data collection and security enhancement, they also prioritise maintaining game speed and table layout flexibility to optimise player experience and revenue generation,\u201d Kurahashi noted.\n\n\n\nKurahashi noted the successful implementations of smart tables in other gaming markets like Singapore and Australia, emphasising the significant operational changes associated with adopting this technology. \n\n\n\n\u201cThe main interest of the casino operators is, of course, they want to obtain all those data of that table games, how much betting is taking place and how much they are playing on each hand. But of course, they want to increase the security,\u201d she described. \n\n\n\n\u201cThey want to have those kinds of data and they want to secure the game integrity. But at the same time, their concern is that they don’t want to slow the game speed because of the system. Because it’s revenue, right? If they slow the game, then they lose the revenue. \n\n\n\nOperators also do not want to have to change the table\u2019s layout or design, or if implanting changes, they do not want the system to limit the table layout design.\n\n\n\n\u201cThis is because the table layout design impacts how players bet. A side bet is much higher than a house bet, right? So the casino wants more side bets and wants to encourage the player to side bet,\u201d Kurahashi adds. \n\n\n\n\u201cTo do this table layout design is very important. So the casino wants to have a free experience. Any table layer they can use and system their system can support.\u201d\n\n\n\nAngel is currently working with a Macau concessionaire, initially only in one Cotai property but with plans to progressively roll out smart tables across all properties, with an initial focus on Baccarat tables.\n\n\n\nAt the same time, Angel has maintained negotiations with operators across various Asian countries, including South Korea, Australia, the Philippines, Singapore, and Malaysia.\n\n\n\nSmart table technology has been in development for over a decade, with Angel foreseeing its market entry. However, the complexity of smart table development, along with external factors like the COVID-19 pandemic, delayed its adoption. \n\n\n\n\u201cSmart tables will change the way table game operates. It’s a big thing. It’s a big change for users as well. It involves a load of different departments. One is table operation, of course. One is surveillance because they need to monitor the game security,\u201d Kurahashi told MB.\n\n\n\n\u201cAnother is the marketing team because now they can get the data of each patron’s betting history. It’s a huge project.\u201d", "date_published": "June 03, 2024", "date_modified": "June 04, 2024 - 01:19", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/06/angel-playing-cards-gaming-smart-table-rfid.png", "tags": [ "Gaming", "Macau", "Macau Business", "MAG", "MB", "MB Featured" ], "summary": "The introduction of \"smart\" gaming tables in Macau casinos has ignited industry interest due to their efficient gameplay data analysis. Analysts project significant revenue growth, leading to widespread implementation this year" }, { "id": "https://www.macaubusiness.com/locally-rooted-going-global/", "url": "https://www.macaubusiness.com/locally-rooted-going-global/", "title": "Locally rooted, going global \u00a0", "content_html": "\"\"\n

Cheong Kun Pain Reliever Oil goes international with roots firmly planted in Macau.

\n\n\n\n

The legacy of Cheong Kun Pain Reliever Oil, a historic traditional Chinese medicine brand from Macau, continues to thrive under the management of the Cheong family’s third generation. With a new 2,000-square-metre factory in the Seac Pai Van Industrial Park, the company has ambitious expansion plans, aiming to reach production of 10 million bottles in three years and explore Portuguese-speaking markets.

\n\n\n\n

By Nelson Moura

\n\n\n\n
\n\n\n\n
\"\"
\n\n\n\n

It was already in the 1950s that Cheong Kun He established a clinic on Rua dos Vendilh\u00f5es where he would produce and sell his Cheong Kun Analgesic Oil.

\n\n\n\n

The founder’s grandson, now the company’s technical director, Cheong Lok Kei tells Macau Business how his grandfather was inspired by his experience as a sailor to come up with this remedy.

\n\n\n\n

“Sailors were regularly injured during navigation, and with limited first aid resources on the ship, injured workers could only let wounds heal on their own and endure the pain. My grandfather decided that there should be a portable medicine that could be taken for navigation,” Cheong explains. 

\n\n\n\n

\u201cWhen they went out to sea they would get injuries and wounds that could easily bleed and also become infected by bacteria. After years of experience, he refined his recipe and in the 1960s licensed Cheung Kun Oil,\u201d the director points out in an interview at the brand\u2019s new factory in Seac Pai Van.

\n\n\n\n

The recommended use for the oil has remained the same: pain relief and treatment of wounds, including burns, haemorrhages, or rheumatisms. 

\n\n\n\n

However, according to the director of the company – officially Cheong Kun Pain Reliever Oil Chinese Medicine Factory (Macau) Ltd. – the brand is now promoting a larger use for sports injuries and children.

\n\n\n\n

\u201cWhen applied to the wound, the oil anaesthetizes and stops bleeding quickly. That’s why mothers feel safe applying the oil to their children. This is how Chinese medicine can be passed on to the next generation,\u201d Cheng tells Macau Business.

\n\n\n\n

As for the process of selecting Chinese herbs, the company followed Cheng Kun’s original recipe, with the entire process, from extraction to bottling, carried out in Macau, following industrial quality standards. “In the past, my grandfather produced the oil in his clinic. He made it in the kitchen and then sold it in the shop in the same building. He made his packaging,” the manager recounts.

\n\n\n\n


\u201cWhen applied to the wound, the oil anaesthetizes and stops bleeding quickly. That’s why mothers feel safe applying the oil to their children. This is how Chinese medicine can be passed on to the next generation\u201d – Cheong Lok Kei

\n\n\n\n\n\n\n\n

Growing in scale

\n\n\n\n

After his grandfather passed away in 1998, Cheong’s father bought a factory in the Tamagnini Barbosa north district neighbourhood in 1999. 

\n\n\n\n

“At that time, sector regulations changed, and Chinese medicine had to be produced in factories and meet certain requirements. Some traditional Macau brands did not make the change and only sold in their clinic or shop,” he says. Only with these improvements did it become possible to gain greater confidence from an international audience, with Cheong highlighting that the most difficult thing for the industry is for people to think that it has no scientific support. After studying management and Chinese medicine in the United States and Hong Kong, Cheong decided to apply his knowledge to not only continue the family legacy but also to reach another level.

\n\n\n\n

The move to the Seac Pai Van Industrial Park marks a step towards this goal, allowing for a significant expansion of production capacity and production standards while maintaining the brand\u2019s Macau roots.

\n\n\n\n

The new factory got its licence early on, around March of last year, and after three months of testing, it opened in June. With the factory following international Good Manufacturing Practice standards, it can now sell all over the world.

\n\n\n\n

\u201cWhen the oil reaches the standards we want, we place it in a tank, and the entire batch is transferred to the filling and packaging process. We will send samples for safety testing and distribute them ourselves. The entire process is 100 percent done in Macau,\u201d Cheng adds.

\n\n\n\n

Previously, production was limited to less than 1 million bottles per year, but now the company aims to produce up to 1.5 million bottles in 2024, with ambitious plans to triple this capacity by 2027. 

\n\n\n\n

“But we will study the market demand. We sell about a third in Macau in 400 pharmacies, a third in Hong Kong, and a third in China, mainly in Guangdong. We recently sold our first batch to Singapore, a market where we see a lot of potential,” he describes. 

\n\n\n\n

Despite the incentives provided for TCM companies to establish themselves in Hengqin, the choice for the new factory fell on RAEM, with Cheong justifying the decision with the family’s strong emotional bond with the region and the desire to become an international brand that maintains its local roots. “We are a local brand from Macau, created by residents of Macau, but we believe that we can become an international brand. We hope to be a ‘unicorn,'” he describes. 

\n\n\n\n

Their efforts also brought some public recognition, with Cheong Kun awarded the Medal of Merit for Industry and Commerce last year from the Macau SAR government.

\n\n\n\n
\"\"
\n\n\n\n

Reaching Mozambique and beyond

\n\n\n\n

However, it was with the support of the Traditional Chinese Medicine Science and Industrial Park in Hengqin that the company started selling to Mozambique in 2017.

\n\n\n\n

At the time, Cheung Kund and Chinese COVID-19 medication, Liangwen Qingwen were the first two TCM products to undergo a translation and registration process for sale to Lusophone countries.

\n\n\n\n

\u201dThe Park went to Mozambique to understand the government requirements and the herb registration process. We consider Mozambique as a gateway to Lusophone countries, and as a Macau brand, we have advantages in this connection. In two or three years, we want to reach another country, perhaps Brazil or Portugal,” he describes.

\n\n\n\n

In the Portuguese-speaking African country, the oil is distributed to local pharmacies and also to schools or TCM clinics, where doctors use it.

\n\n\n\n

“These therapists teach acupuncture and also massage skills and how to apply Chinese medicine to different symptoms. This is more practical because people who use it end up buying it. I think this is the easiest way for people to better understand Chinese medicine,” Cheong highlights.

\n\n\n\n

With a new store on Rua dos Ervan\u00e1rios and a diverse line of merchandising products, the company now seeks not only to attract tourists but also to educate local customers about the benefits of the oil and its history. 

\n\n\n\n

“We target two types of customers. One is not familiar with the brand and to whom we have to explain its history and uses. The others are repeat customers, who may have only partial knowledge of the oil and how to use it. But by entering the store, they can better understand how to use it to treat the elderly, children, and in different scenarios,” he describes. “This is how Chinese medicine can pass on to the next generation.”

\n\n\n\n
\"\"
\n", "content_text": "Cheong Kun Pain Reliever Oil goes international with roots firmly planted in Macau.\n\n\n\nThe legacy of Cheong Kun Pain Reliever Oil, a historic traditional Chinese medicine brand from Macau, continues to thrive under the management of the Cheong family’s third generation. With a new 2,000-square-metre factory in the Seac Pai Van Industrial Park, the company has ambitious expansion plans, aiming to reach production of 10 million bottles in three years and explore Portuguese-speaking markets.\n\n\n\nBy Nelson Moura\n\n\n\n\n\n\n\n\n\n\n\nIt was already in the 1950s that Cheong Kun He established a clinic on Rua dos Vendilh\u00f5es where he would produce and sell his Cheong Kun Analgesic Oil.\n\n\n\nThe founder’s grandson, now the company’s technical director, Cheong Lok Kei tells Macau Business how his grandfather was inspired by his experience as a sailor to come up with this remedy.\n\n\n\n“Sailors were regularly injured during navigation, and with limited first aid resources on the ship, injured workers could only let wounds heal on their own and endure the pain. My grandfather decided that there should be a portable medicine that could be taken for navigation,” Cheong explains. \n\n\n\n\u201cWhen they went out to sea they would get injuries and wounds that could easily bleed and also become infected by bacteria. After years of experience, he refined his recipe and in the 1960s licensed Cheung Kun Oil,\u201d the director points out in an interview at the brand\u2019s new factory in Seac Pai Van.\n\n\n\nThe recommended use for the oil has remained the same: pain relief and treatment of wounds, including burns, haemorrhages, or rheumatisms. \n\n\n\nHowever, according to the director of the company – officially Cheong Kun Pain Reliever Oil Chinese Medicine Factory (Macau) Ltd. – the brand is now promoting a larger use for sports injuries and children.\n\n\n\n\u201cWhen applied to the wound, the oil anaesthetizes and stops bleeding quickly. That’s why mothers feel safe applying the oil to their children. This is how Chinese medicine can be passed on to the next generation,\u201d Cheng tells Macau Business.\n\n\n\nAs for the process of selecting Chinese herbs, the company followed Cheng Kun’s original recipe, with the entire process, from extraction to bottling, carried out in Macau, following industrial quality standards. “In the past, my grandfather produced the oil in his clinic. He made it in the kitchen and then sold it in the shop in the same building. He made his packaging,” the manager recounts.\n\n\n\n \u201cWhen applied to the wound, the oil anaesthetizes and stops bleeding quickly. That’s why mothers feel safe applying the oil to their children. This is how Chinese medicine can be passed on to the next generation\u201d – Cheong Lok Kei \n\n\n\n\n\n\n\nGrowing in scale\n\n\n\nAfter his grandfather passed away in 1998, Cheong’s father bought a factory in the Tamagnini Barbosa north district neighbourhood in 1999. \n\n\n\n“At that time, sector regulations changed, and Chinese medicine had to be produced in factories and meet certain requirements. Some traditional Macau brands did not make the change and only sold in their clinic or shop,” he says. Only with these improvements did it become possible to gain greater confidence from an international audience, with Cheong highlighting that the most difficult thing for the industry is for people to think that it has no scientific support. After studying management and Chinese medicine in the United States and Hong Kong, Cheong decided to apply his knowledge to not only continue the family legacy but also to reach another level.\n\n\n\nThe move to the Seac Pai Van Industrial Park marks a step towards this goal, allowing for a significant expansion of production capacity and production standards while maintaining the brand\u2019s Macau roots.\n\n\n\nThe new factory got its licence early on, around March of last year, and after three months of testing, it opened in June. With the factory following international Good Manufacturing Practice standards, it can now sell all over the world.\n\n\n\n\u201cWhen the oil reaches the standards we want, we place it in a tank, and the entire batch is transferred to the filling and packaging process. We will send samples for safety testing and distribute them ourselves. The entire process is 100 percent done in Macau,\u201d Cheng adds.\n\n\n\nPreviously, production was limited to less than 1 million bottles per year, but now the company aims to produce up to 1.5 million bottles in 2024, with ambitious plans to triple this capacity by 2027. \n\n\n\n“But we will study the market demand. We sell about a third in Macau in 400 pharmacies, a third in Hong Kong, and a third in China, mainly in Guangdong. We recently sold our first batch to Singapore, a market where we see a lot of potential,” he describes. \n\n\n\nDespite the incentives provided for TCM companies to establish themselves in Hengqin, the choice for the new factory fell on RAEM, with Cheong justifying the decision with the family’s strong emotional bond with the region and the desire to become an international brand that maintains its local roots. “We are a local brand from Macau, created by residents of Macau, but we believe that we can become an international brand. We hope to be a ‘unicorn,'” he describes. \n\n\n\nTheir efforts also brought some public recognition, with Cheong Kun awarded the Medal of Merit for Industry and Commerce last year from the Macau SAR government.\n\n\n\n\n\n\n\nReaching Mozambique and beyond\n\n\n\nHowever, it was with the support of the Traditional Chinese Medicine Science and Industrial Park in Hengqin that the company started selling to Mozambique in 2017.\n\n\n\nAt the time, Cheung Kund and Chinese COVID-19 medication, Liangwen Qingwen were the first two TCM products to undergo a translation and registration process for sale to Lusophone countries.\n\n\n\n\u201dThe Park went to Mozambique to understand the government requirements and the herb registration process. We consider Mozambique as a gateway to Lusophone countries, and as a Macau brand, we have advantages in this connection. In two or three years, we want to reach another country, perhaps Brazil or Portugal,” he describes.\n\n\n\nIn the Portuguese-speaking African country, the oil is distributed to local pharmacies and also to schools or TCM clinics, where doctors use it.\n\n\n\n“These therapists teach acupuncture and also massage skills and how to apply Chinese medicine to different symptoms. This is more practical because people who use it end up buying it. I think this is the easiest way for people to better understand Chinese medicine,” Cheong highlights.\n\n\n\nWith a new store on Rua dos Ervan\u00e1rios and a diverse line of merchandising products, the company now seeks not only to attract tourists but also to educate local customers about the benefits of the oil and its history. \n\n\n\n“We target two types of customers. One is not familiar with the brand and to whom we have to explain its history and uses. The others are repeat customers, who may have only partial knowledge of the oil and how to use it. But by entering the store, they can better understand how to use it to treat the elderly, children, and in different scenarios,” he describes. “This is how Chinese medicine can pass on to the next generation.”", "date_published": "May 28, 2024", "date_modified": "May 29, 2024 - 01:34", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/05/Cheong-Kun-Oil-5.jpeg", "tags": [ "Macau", "Macau Business", "MAG", "MB", "MB Featured" ], "summary": "Cheong Kun Pain Reliever Oil goes international with roots firmly planted in Macau." }, { "id": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e7%b4%ae%e6%a0%b9%e6%be%b3%e9%96%80%ef%bc%8c%e8%b5%b0%e5%90%91%e4%b8%96%e7%95%8c/", "url": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e7%b4%ae%e6%a0%b9%e6%be%b3%e9%96%80%ef%bc%8c%e8%b5%b0%e5%90%91%e4%b8%96%e7%95%8c/", "title": "\u3010\u606f\u606f\u76f8\u95dc\u3011\u7d2e\u6839\u6fb3\u9580\uff0c\u8d70\u5411\u4e16\u754c", "content_html": "\"\"\n

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\u5118\u7ba1\u6a6b\u7434\u70ba\u5438\u5f15\u4e2d\u85e5\u4f01\u696d\u9032\u99d0\u63d0\u4f9b\u4e86\u6fc0\u52f5\u63aa\u65bd\uff0c\u4f46\u4ed6\u5011\u4ecd\u9078\u64c7\u5c07\u5ee0\u623f\u8a2d\u5728\u6fb3\u9580\u7279\u5340\u5883\u5167\u3002\u5c0d\u5f35\u6c0f\u800c\u8a00\uff0c\u5bb6\u65cf\u8207\u9019\u5ea7\u57ce\u5e02\u7684\u6df1\u539a\u60c5\u611f\u7d10\u5e36\uff0c\u52a0\u4e0a\u5c0d\u6253\u9020\u4e00\u500b\u624e\u6839\u672c\u571f\u7684\u570b\u969b\u54c1\u724c\u7684\u6bb7\u5207\u671f\u671b\uff0c\u9019\u4e00\u6c7a\u5b9a\u5b8c\u5168\u5408\u7406\u3002\u201c\u6211\u5011\u662f\u6fb3\u9580\u672c\u5730\u54c1\u724c\uff0c\u7531\u6fb3\u9580\u5c45\u6c11\u5275\u7acb\uff0c\u6211\u5011\u540c\u6642\u5805\u4fe1\u81ea\u5df1\u80fd\u5920\u6210\u70ba\u4e00\u500b\u570b\u969b\u54c1\u724c\u3002\u6211\u5011\u5e0c\u671b\u6210\u70ba\u2018\u7368\u89d2\u7378\u2019\uff0c\u201d\u5f35\u6a02\u7948\u8207\u8a18\u8005\u5206\u4eab\u9053\u3002 

\n\n\n\n

\u4ed6\u5011\u7684\u52aa\u529b\u4e5f\u7372\u5f97\u4e86\u516c\u773e\u7684\u8a8d\u53ef\u3002\u5f35\u6b0a\u7834\u75db\u6cb9\u4e2d\u85e5\u5ee0\uff08\u6fb3\u9580\uff09\u6709\u9650\u516c\u53f8\u53bb\u5e74\u7372\u6fb3\u9580\u7279\u5225\u884c\u653f\u5340\u653f\u5e9c\u6388\u4e88\u5de5\u5546\u529f\u7e3e\u52f3\u7ae0\u3002 

\n\n\n\n
\"\"
\n\n\n\n
\"\"
\n\n\n\n

\u9032\u8ecd\u83ab\u6851\u6bd4\u514b\u7b49\u5e02\u5834 

\n\n\n\n

\u7136\u800c\uff0c\u6b63\u662f\u5f97\u5230\u4e86\u6a6b\u7434\u7cb5\u6fb3\u4e2d\u91ab\u85e5\u79d1\u6280\u7522\u696d\u5712\u5340\u7684\u652f\u6301\uff0c\u8a72\u516c\u53f8\u65bc2017\u5e74\u958b\u59cb\u9032\u5165\u83ab\u6851\u6bd4\u514b\u5e02\u5834\u4e26\u9032\u884c\u92b7\u552e\u3002 

\n\n\n\n

\u5728\u7576\u6642\uff0c\u5f35\u6b0a\u7834\u75db\u6cb9\u548c\u5167\u5730\u65b0\u51a0\u80ba\u708e\u6cbb\u7642\u85e5\u54c1\u9023\u82b1\u6e05\u761f\u81a0\u56ca\u662f\u9996\u6279\u5b8c\u6210\u7ffb\u8b6f\u548c\u8a3b\u518a\u7a0b\u5e8f\uff0c\u6210\u529f\u92b7\u5f80\u8461\u8a9e\u570b\u5bb6\u7684\u5169\u7a2e\u4e2d\u85e5\u7522\u54c1\u3002 

\n\n\n\n

\u201c\u7522\u696d\u5712\u5340\u524d\u5f80\u83ab\u6851\u6bd4\u514b\u4e86\u89e3\u8a72\u570b\u653f\u5e9c\u7684\u8981\u6c42\u548c\u690d\u7269\u85e5\u8a3b\u518a\u6d41\u7a0b\uff0c\u6211\u5011\u5c07\u83ab\u6851\u6bd4\u514b\u8996\u4f5c\u901a\u5f80\u8461\u8a9e\u570b\u5bb6\u7684\u9580\u6236\u3002\u4f5c\u70ba\u6fb3\u9580\u54c1\u724c\uff0c\u6211\u5011\u5728\u9019\u65b9\u9762\u64c1\u6709\u512a\u52e2\u3002\u6211\u5011\u5e0c\u671b\u5169\u4e09\u5e74\u5f8c\u80fd\u5920\u62d3\u5c55\u81f3\u5176\u4ed6\u8461\u8a9e\u570b\u5bb6\u5e02\u5834\uff0c\u4f8b\u5982\u5df4\u897f\u6216\u8461\u8404\u7259\u3002\u201d\u4ed6\u5766\u8a00\u3002 

\n\n\n\n

\u5728\u9019\u500b\u4f4d\u65bc\u975e\u6d32\u7684\u8461\u8a9e\u570b\u5ea6\uff0c\u85e5\u6cb9\u88ab\u5206\u767c\u81f3\u7576\u5730\u85e5\u623f\u3001\u5b78\u6821\u548c\u4e2d\u91ab\u8a3a\u6240\uff0c\u4f9b\u91ab\u751f\u4f7f\u7528\u3002 

\n\n\n\n

\u201c\u9019\u4e9b\u6cbb\u7642\u5e2b\u5230\u7576\u5730\u50b3\u6388\u91dd\u7078\u548c\u6309\u6469\u6280\u5de7\uff0c\u4ee5\u53ca\u5c07\u4e2d\u91ab\u61c9\u7528\u65bc\u4e0d\u540c\u75c7\u72c0\u7684\u8fa6\u6cd5\u3002\u6b64\u8209\u66f4\u70ba\u5be6\u7528\uff0c\u56e0\u70ba\u85e5\u6cb9\u7684\u7528\u5bb6\u6700\u7d42\u4e5f\u6703\u6210\u70ba\u8cb7\u5bb6\u3002\u6211\u8a8d\u70ba\uff0c\u9019\u662f\u52a0\u6df1\u4eba\u5011\u5c0d\u4e2d\u91ab\u4e86\u89e3\u7684\u6700\u5feb\u6377\u9014\u5f91\uff0c\u201d\u5f35\u6a02\u7948\u5f37\u8abf\u3002 

\n\n\n\n

\u516c\u53f8\u5728\u95dc\u524d\u8857\u958b\u8a2d\u4e86\u4e00\u5bb6\u65b0\u5e97\uff0c\u4e26\u63a8\u51fa\u4e86\u591a\u5143\u5316\u7684\u5546\u54c1\u7cfb\u5217\u3002\u9664\u4e86\u5438\u5f15\u65c5\u5ba2\u5916\uff0c\u4ed6\u5011\u9084\u81f4\u529b\u5411\u672c\u5730\u9867\u5ba2\u63a8\u5ee3\u85e5\u6cb9\u7684\u597d\u8655\u53ca\u5176\u6b77\u53f2\u3002 

\n\n\n\n

\u201c\u6211\u5011\u91dd\u5c0d\u5169\u985e\u5ba2\u6236\u3002\u4e00\u662f\u4e0d\u719f\u6089\u2018\u5f35\u6b0a\u2019\u54c1\u724c\u7684\u5ba2\u6236\uff0c\u6211\u5011\u5fc5\u9808\u5411\u4ed6\u5011\u89e3\u91cb\u54c1\u724c\u6b77\u53f2\u548c\u529f\u7528\u3002\u53e6\u4e00\u985e\u662f\u56de\u982d\u5ba2\uff0c\u4ed6\u5011\u6216\u8a31\u5c0d\u7522\u54c1\u53ca\u4f7f\u7528\u65b9\u5f0f\u6709\u4e9b\u8a31\u4e86\u89e3\u3002\u53ea\u8981\u4ed6\u5011\u8d70\u9032\u5e97\u92ea\uff0c\u5c31\u80fd\u5920\u66f4\u597d\u5730\u4e86\u89e3\u85e5\u6cb9\u5728\u4e0d\u540c\u5834\u666f\u7684\u61c9\u7528\uff0c\u4f8b\u5982\u7528\u65bc\u8001\u4eba\u6216\u5152\u7ae5\u8eab\u4e0a\u3002\u201d\u4ed6\u8a8d\u70ba\uff0c\u201c\u9019\u5c31\u662f\u4e2d\u91ab\u4e16\u4ee3\u50b3\u627f\u7684\u79d8\u8a23\u3002\u201d 

\n\n\n\n
\"\"


\n", "content_text": "\u4f5c\u70ba\u4e00\u500b\u6b77\u53f2\u60a0\u4e45\u7684\u6fb3\u9580\u4e2d\u85e5\u54c1\u724c\uff0c\u5f35\u6b0a\u7834\u75db\u6cb9\u5728\u5f35\u6c0f\u5bb6\u65cf\u7b2c\u4e09\u4ee3\u7684\u7d93\u71df\u4e0b\uff0c\u5176\u50b3\u627f\u5f97\u4ee5\u7e7c\u7e8c\u767c\u63da\u5149\u5927\u3002\u516c\u53f8\u65bc\u77f3\u6392\u7063\u8a2d\u7acb\u4e86\u4f54\u5730\u7d042,000\u5e73\u65b9\u7c73\u7684\u65b0\u5de5\u5ee0\uff0c\u9084\u5236\u5b9a\u4e86\u96c4\u5fc3\u52c3\u52c3\u7684\u64f4\u5f35\u8a08\u5283\uff0c\u671f\u671b\u5728\u4e09\u5e74\u5167\u9054\u5230\u751f\u75221,000\u842c\u74f6\u7684\u76ee\u6a19\uff0c\u4e26\u8457\u624b\u958b\u62d3\u8461\u8a9e\u5e02\u5834\u3002 \n\n\n\n\u6587\uff1a\u502a\u7199\u6668\u00a0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u65e9\u5728 20 \u4e16\u7d00 50 \u5e74\u4ee3\uff0c\u5f35\u6b0a\u4e2d\u91ab\u5e2b\u5c31\u5df2\u5728\u6fb3\u9580\u4e0b\u74b0\u5c0f\u5e02\u8857\u8a2d\u9928\u884c\u91ab\uff0c\u4e26\u751f\u7522\u548c\u92b7\u552e\u5176 \u201c\u5f35\u6b0a\u7834\u75db\u6cb9\u201d\u3002  \n\n\n\n\u5275\u59cb\u4eba\u4e4b\u5b6b\u3001\u73fe\u4efb\u6280\u8853\u7e3d\u76e3\u5f35\u6a02\u7948\u8207\u8a18\u8005\u5206\u4eab\uff0c\u5176\u7956\u7236\u5f9e\u6d77\u54e1\u7d93\u9a57\u53d7\u5230\u555f\u767c\u4e26\u6210\u529f\u947d\u7814\u51fa\u8a72\u7a2e\u7642\u6cd5\u3002 \n\n\n\n \u201c\u6c34\u624b\u5011\u5728\u822a\u884c\u4e2d\u7d93\u5e38\u53d7\u50b7\u3002\u7531\u65bc\u8239\u4e0a\u6025\u6551\u7269\u8cc7\u6709\u9650\uff0c\u4eba\u5011\u53d7\u50b7\u5f8c\u53ea\u80fd\u7b49\u5f85\u50b7\u53e3\u81ea\u884c\u7652\u5408\uff0c\u5fcd\u53d7\u75db\u82e6\u3002\u7956\u7236\u8a8d\u70ba\u61c9\u8a72\u6709\u4e00\u7a2e\u80fd\u5920\u5728\u822a\u884c\u671f\u9593\u96a8\u8eab\u651c\u5e36\u7684\u85e5\u7269\u3002\u201d\u5f35\u6a02\u7948\u89e3\u91cb\u3002 \n\n\n\n\u201c\u4ed6\u5011\u51fa\u6d77\u6642\u6703\u4e0d\u6642\u53d7\u50b7\uff0c\u50b7\u53e3\u5f88\u5bb9\u6613\u6d41\u8840\uff0c\u4e5f\u5bb9\u6613\u88ab\u7d30\u83cc\u611f\u67d3\u3002\u7d93\u904e\u591a\u5e74\u7d93\u9a57\uff0c\u4ed6\u6539\u9032\u4e86\u914d\u65b9\uff0c\u4e26\u5728\u4e0a\u4e16\u7d00 60 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\u5f35\u6a02\u7948\u544a\u8a34\u672c\u520a\u3002 \n\n\n\n\u5728\u4e2d\u85e5\u6750\u7684\u7504\u9078\u904e\u7a0b\u4e2d\uff0c\u516c\u53f8\u6cbf\u7528\u4e86\u5f35\u6b0a\u7684\u539f\u59cb\u85e5\u65b9\uff0c\u5f9e\u63d0\u53d6\u5230\u88dd\u74f6\u7684\u6574\u500b\u904e\u7a0b\u5747\u5728\u6fb3\u9580\u9032\u884c\uff0c\u9075\u5faa\u5de5\u696d\u54c1\u8cea\u6a19\u6e96\u3002\u201c\u904e\u53bb\uff0c\u7956\u7236\u5728\u91ab\u9928\u7684\u5eda\u623f\u88fd\u4f5c\u85e5\u6cb9\uff0c\u5728\u91ab\u9928\u92b7\u552e\uff0c\u9023\u5305\u88dd\u90fd\u662f\u81ea\u5df1\u4e00\u624b\u4e00\u8173\u5b8c\u6210\u7684\u3002\u201d\u4ed6\u56de\u61b6\u9053\u3002 \n\n\n\n \u201c\u5c07\u85e5\u6cb9\u5857\u62b9\u5728\u50b7\u53e3\u4e0a\u5f8c\uff0c\u53ef\u8fc5\u901f\u6d88\u9664\u75bc\u75db\u4e26\u6b62\u8840\u3002\u56e0\u6b64\uff0c\u6bcd\u89aa\u5011\u653e\u5fc3\u5730\u5c07\u6211\u5011\u7684\u7834\u75db\u6cb9\u7528\u65bc\u5b69\u5b50\u8eab\u4e0a\u3002\u9019\u4e5f\u662f\u4e2d\u91ab\u4e16\u4ee3\u50b3\u627f\u7684\u65b9\u5f0f\u3002\u201d – \u5f35\u6a02\u7948\u00a0 \n\n\n\n\n\n\n\n\u898f\u6a21\u6301\u7e8c\u58ef\u5927 \n\n\n\n\u7956\u72361998 \u5e74\u53bb\u4e16\u5f8c\uff0c\u5f35\u6a02\u7948\u7684\u7236\u89aa\u65bc 1999 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"date_published": "May 23, 2024", "date_modified": "May 23, 2024 - 14:21", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/05/Cheong-Kun-Oil-1.jpeg", "tags": [ "Business Intelligence", "MAG", "MB", "MB Featured" ], "summary": "\u4f5c\u70ba\u4e00\u500b\u6b77\u53f2\u60a0\u4e45\u7684\u6fb3\u9580\u4e2d\u85e5\u54c1\u724c\uff0c\u5f35\u6b0a\u7834\u75db\u6cb9\u5728\u5f35\u6c0f\u5bb6\u65cf\u7b2c\u4e09\u4ee3\u7684\u7d93\u71df\u4e0b\uff0c\u5176\u50b3\u627f\u5f97\u4ee5\u7e7c\u7e8c\u767c\u63da\u5149\u5927\u3002\u516c\u53f8\u65bc\u77f3\u6392\u7063\u8a2d\u7acb\u4e86\u4f54\u5730\u7d042,000\u5e73\u65b9\u7c73\u7684\u65b0\u5de5\u5ee0\uff0c\u9084\u5236\u5b9a\u4e86\u96c4\u5fc3\u52c3\u52c3\u7684\u64f4\u5f35\u8a08\u5283\uff0c\u671f\u671b\u5728\u4e09\u5e74\u5167\u9054\u5230\u751f\u75221,000\u842c\u74f6\u7684\u76ee\u6a19\uff0c\u4e26\u8457\u624b\u958b\u62d3\u8461\u8a9e\u5e02\u5834\u3002 " }, { "id": "https://www.macaubusiness.com/former-portugal-internationals-already-in-macau-for-exhibition-match-with-gba-players/", "url": "https://www.macaubusiness.com/former-portugal-internationals-already-in-macau-for-exhibition-match-with-gba-players/", "title": "Former Portugal internationals already in Macau for exhibition match with GBA players", "content_html": "\"\"\n

Several former Portuguese international football players were present on Saturday in Taipa for a training session with local young players, as part of the celebrations for the 25th Anniversary of the Establishment of the Macau SAR.

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With former FIFA World Player of the Year and Ballon d’Or winner Luis Figo as the delegation head, players Pauleta, Nuno Gomes, Dimas, Maniche, Bosingwa, Tiago, H\u00e9lder Postiga, and Ricardo Quaresma will be in Macau this weekend for a friendly game of football and a series of promotional events sponsored by SJM.

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The former players were present on Saturday for a training and socializing session with local young players at 11:30am, followed by a panoramic bus tour of Macau in the afternoon.

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Former Fiorentina and Benfica striker Nuno Gomes commented he was very happy to return to Macau for the first time in almost 20 years for ” a special occasion”. Gomes last passed by the territory as part of the Portugal call-up that held its 2002 World Cup pre-season in the SAR.

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“For me, it is a happy return, even if the World Cup itself didn’t go as we wanted. The time we spent in pre-season in Macau, with the local Portuguese community, was good despite what happened after we went to Korea.”

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Nuno Gomes (Right) and Jos\u00e9 Bosingwa (Left)
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The Portugal team – which also included Figo and Pauleta would go on to fail to progress from the group stage, after losses with the United States and host South Korea.

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The 2002 pre-season also included a friendly match between the Portuguese and Chinese national teams, both of which were to take part in that year’s World Cup, and a match that was not to be repeated in Macau territory since then.

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The Portuguese team, which at the time also included the likes of Rui Costa, Paulo Sousa, Jorge Costa, and Beto won the match 2-0, with goals from Pauleta and Nuno Gomes himself.

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“We are excited to play even if we are not professional players anymore, with some in better shape than others,” Gomes joked pointing to Portuguese player Bonsingwa, “I’m counting on him to score many goals.”

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Luis Figo also expressed the same sentiment of content for being able to return to Macau “on an important date to celebrate” and have a chance to play and interact with local young players and veterans.

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On Sunday, the group will engage in a 5-aside friendly match with GBA Flying Dragon, a team consisting of football players from the Guangdong-Hong Kong-Macao Greater Bay Area and Hong Kong All Stars Sports Association.

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The GBA team will include Macanese professional football players such as goalkeeper Domingos Chan Tat Sun and defender Emannuel Noruega.

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The remaining roster includes mainland and Hong Kong players such as Natalis Chan, Eddie Ng, Frankie Lam, Eddie Cheung, Danny Chan, Chan Chi Hong, Leslie George Santos, Wong Chin Hung, Che Chi Man, Hoi Man Io, Wu Qunli, Hu Zhijun, and Lu Lin.

\n\n\n\n

The event organized by SJM is supported and organized by the Macau Sports Bureau and the Macau Football Association.

\n", "content_text": "Several former Portuguese international football players were present on Saturday in Taipa for a training session with local young players, as part of the celebrations for the 25th Anniversary of the Establishment of the Macau SAR.\n\n\n\nWith former FIFA World Player of the Year and Ballon d’Or winner Luis Figo as the delegation head, players Pauleta, Nuno Gomes, Dimas, Maniche, Bosingwa, Tiago, H\u00e9lder Postiga, and Ricardo Quaresma will be in Macau this weekend for a friendly game of football and a series of promotional events sponsored by SJM.\n\n\n\nThe former players were present on Saturday for a training and socializing session with local young players at 11:30am, followed by a panoramic bus tour of Macau in the afternoon.\n\n\n\nFormer Fiorentina and Benfica striker Nuno Gomes commented he was very happy to return to Macau for the first time in almost 20 years for ” a special occasion”. Gomes last passed by the territory as part of the Portugal call-up that held its 2002 World Cup pre-season in the SAR. \n\n\n\n“For me, it is a happy return, even if the World Cup itself didn’t go as we wanted. The time we spent in pre-season in Macau, with the local Portuguese community, was good despite what happened after we went to Korea.”\n\n\n\nNuno Gomes (Right) and Jos\u00e9 Bosingwa (Left)\n\n\n\nThe Portugal team – which also included Figo and Pauleta would go on to fail to progress from the group stage, after losses with the United States and host South Korea.\n\n\n\nThe 2002 pre-season also included a friendly match between the Portuguese and Chinese national teams, both of which were to take part in that year’s World Cup, and a match that was not to be repeated in Macau territory since then.\n\n\n\nThe Portuguese team, which at the time also included the likes of Rui Costa, Paulo Sousa, Jorge Costa, and Beto won the match 2-0, with goals from Pauleta and Nuno Gomes himself.\n\n\n\n“We are excited to play even if we are not professional players anymore, with some in better shape than others,” Gomes joked pointing to Portuguese player Bonsingwa, “I’m counting on him to score many goals.”\n\n\n\nLuis Figo also expressed the same sentiment of content for being able to return to Macau “on an important date to celebrate” and have a chance to play and interact with local young players and veterans.\n\n\n\nOn Sunday, the group will engage in a 5-aside friendly match with GBA Flying Dragon, a team consisting of football players from the Guangdong-Hong Kong-Macao Greater Bay Area and Hong Kong All Stars Sports Association.\n\n\n\nThe GBA team will include Macanese professional football players such as goalkeeper Domingos Chan Tat Sun and defender Emannuel Noruega.\n\n\n\nThe remaining roster includes mainland and Hong Kong players such as Natalis Chan, Eddie Ng, Frankie Lam, Eddie Cheung, Danny Chan, Chan Chi Hong, Leslie George Santos, Wong Chin Hung, Che Chi Man, Hoi Man Io, Wu Qunli, Hu Zhijun, and Lu Lin.\n\n\n\nThe event organized by SJM is supported and organized by the Macau Sports Bureau and the Macau Football Association.", "date_published": "May 18, 2024", "date_modified": "May 19, 2024 - 22:36", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-18-at-12.33.06-PM.jpeg", "tags": [ "Macau", "MNA" ], "summary": "Several former Portuguese international football players were present today in Taipa for a training session with local young players, as part of the celebrations for the 25th Anniversary of the Establishment of the Macau SAR." }, { "id": "https://www.macaubusiness.com/police-still-reticent-to-disclose-details-of-international-rescue-operation-of-macau-scam-victim-in-mexico/", "url": "https://www.macaubusiness.com/police-still-reticent-to-disclose-details-of-international-rescue-operation-of-macau-scam-victim-in-mexico/", "title": "Police still reticent to disclose details of international rescue operation of Macau scam victim in Mexico", "content_html": "\"\"\n

After a peculiar case was revealed by the Macau Judiciary Police of a local teenager rescued in Mexico after being the target of a phone scam, many details concerning this peculiar case are still to be uncovered.

\n\n\n\n

Earlier this year, in a press conference organized on April 9 and dedicated to a scam prevention campaign, PJ revealed the case of a local teenage girl scammed out of RMB3.5 million ($484,456) by fraudsters posing as mainland police officers.

\n\n\n\n

According to authorities, scammers convinced the victim that she was implicated in a money-laundering case and needed to hide.

\n\n\n\n

The young woman was convinced to pay the money in order to prove her innocence in relation to the accusation of money laundering, having thus made transfers to several bank accounts, with a total value of RMB 3.5 million.

\n\n\n\n

Believing their threats and alledgelly fearing for her life, she hid herself from her family members in five to six countries and regions, ending up in an undisclosed remote area of Mexico.

\n\n\n\n

Her disappearance was reported by her father on March 17, prompting a rescue operation by the PJ, with the victim being rescued on March 31.

\n\n\n\n

Two days after the press conference MNA reached out to police authorities to know more information about this peculiar case, namely: more details concerning the police cooperation with Chinese, Mexican, and international authorities; the victim’s travels abroad, and where she had hidden herself; and if any information is known on the alleged criminal group that targetted her.

\n\n\n\n

However, not much additional information was provided in a reply only issued almost a month after MNA submitted its questions.

\n\n\n\n

It was revealed, however, that in the latter half of March 2024, after PJ received news that a victim had traveled to Mexico, the police department immediately activated its emergency response system, and a ‘team of officers, accompanied by the victim’s father, traveled to Mexico to rescue the victim’. 

\n\n\n\n

‘With the assistance of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in Macau Special Administrative Region, the Ministry of Public Security of the People’s Republic of China, and the Mexican Police, we were able to successfully rescue the victim,’ PJ told MNA.

\n\n\n\n

Although previous information disclosed in the press conference alleged cooperation with the International Criminal Police Organisation (INTERPOL), no details concerning this cooperation were mentioned by police authorities in their reply.

\n\n\n\n

INTERPOL Beijing has two sub-bureaus, each with delegated regional authority in the special administrative regions of Hong Kong and Macau.

\n\n\n\n

PJ also indicated it had opened a specialized investigation into the case and informed the Public Prosecutions Office, as required by law, with no further details.

\n", "content_text": "After a peculiar case was revealed by the Macau Judiciary Police of a local teenager rescued in Mexico after being the target of a phone scam, many details concerning this peculiar case are still to be uncovered.\n\n\n\nEarlier this year, in a press conference organized on April 9 and dedicated to a scam prevention campaign, PJ revealed the case of a local teenage girl scammed out of RMB3.5 million ($484,456) by fraudsters posing as mainland police officers. \n\n\n\nAccording to authorities, scammers convinced the victim that she was implicated in a money-laundering case and needed to hide.\n\n\n\nThe young woman was convinced to pay the money in order to prove her innocence in relation to the accusation of money laundering, having thus made transfers to several bank accounts, with a total value of RMB 3.5 million.\n\n\n\nBelieving their threats and alledgelly fearing for her life, she hid herself from her family members in five to six countries and regions, ending up in an undisclosed remote area of Mexico.\n\n\n\nHer disappearance was reported by her father on March 17, prompting a rescue operation by the PJ, with the victim being rescued on March 31. \n\n\n\nTwo days after the press conference MNA reached out to police authorities to know more information about this peculiar case, namely: more details concerning the police cooperation with Chinese, Mexican, and international authorities; the victim’s travels abroad, and where she had hidden herself; and if any information is known on the alleged criminal group that targetted her.\n\n\n\nHowever, not much additional information was provided in a reply only issued almost a month after MNA submitted its questions.\n\n\n\nIt was revealed, however, that in the latter half of March 2024, after PJ received news that a victim had traveled to Mexico, the police department immediately activated its emergency response system, and a ‘team of officers, accompanied by the victim’s father, traveled to Mexico to rescue the victim’. \n\n\n\n‘With the assistance of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in Macau Special Administrative Region, the Ministry of Public Security of the People’s Republic of China, and the Mexican Police, we were able to successfully rescue the victim,’ PJ told MNA.\n\n\n\nAlthough previous information disclosed in the press conference alleged cooperation with the International Criminal Police Organisation (INTERPOL), no details concerning this cooperation were mentioned by police authorities in their reply.\n\n\n\nINTERPOL Beijing has two sub-bureaus, each with delegated regional authority in the special administrative regions of Hong Kong and Macau.\n\n\n\nPJ also indicated it had opened a specialized investigation into the case and informed the Public Prosecutions Office, as required by law, with no further details.", "date_published": "May 12, 2024", "date_modified": "May 12, 2024 - 14:34", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/05/2105552839_795ced3da4_c.jpg", "tags": [ "International", "Macau", "MNA" ], "summary": "After a peculiar case was revealed by the Macau Judiciary Police of a local teenager rescued in Mexico after being the target of a phone scam, many details concerning this peculiar case are still to be uncovered." }, { "id": "https://www.macaubusiness.com/macau-govt-to-proceed-cautiously-towards-ai-legal-framework/", "url": "https://www.macaubusiness.com/macau-govt-to-proceed-cautiously-towards-ai-legal-framework/", "title": "Macau Gov\u2019t to proceed cautiously towards AI legal framework", "content_html": "\"\"\n

The Macau SAR government will take a ‘wait-and-see’ approach concerning Artificial Intelligence regulations, while closely observing regulatory framework experiences in regions such as the European Union that can be used as a reference, Macao Post and Telecommunications Bureau (CTT) Director Debbie Lau said yesterday.

\n\n\n\n

Lau took part as a speaker in a seminar centered on ‘Regulation in AI Development’, included in the XXXI AICEP Forum of Portuguese-Speaking Communications 2024.

\n\n\n\n

“We don\u2019t have legal regulations to oversee AI uses yet. Since its implementation in the city is in the early stages, the government will wait to see what happens and look at regulations such as the EU framework. The extension of AI uses to personal life needs to be closely studied and EU European directives can be a guideline,” Lau pointed out.

\n\n\n\n

The European Union\u2019s AI Act, a regulation aiming to ensure AI is human-centric and trustworthy is expected to come into effect in June.

\n\n\n\n

This regulation, poised to be the world\u2019s first comprehensive law for AI, is designed to maintain a balance between encouraging technological advancement and protecting the rights of European consumers.

\n\n\n\n

While mainland China presented a draft for an Artificial Intelligence Law in March, Macau is yet to advance its local legal framework.

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China’s proposed law would enforce curbs on data use, for example, with providers not able to use AI to analyze and evaluate individuals\u2019 behaviors and habits, interests and hobbies, or their economic, health, and credit information.

\n\n\n\n

Speaking during a panel this Friday, Lau pointed out that AI implementation in Macau is still in its “early stages” with local operator CTM already providing some services using AI.

\n\n\n\n
\"\"
\n\n\n\n

In April of this year, for example, local tourism authorities CTM and Baibu jointly announced the official launch of Macau\u2019s first \u201cAI Macau Smart Tourism Service\u201d integrating Big Data, AI algorithms, and AR technology that supports multilingual translation.

\n\n\n\n

In a recent United Nations University (UNU) AI Conference held in Macau, Secretary for Social Affairs and Culture, Elsie Ao, also stated that Macau aims to attract \u201ctalents and experts from scientific and technological areas worldwide to come to the SAR to initiate and develop their businesses,\u201d with advanced tech industries, including AI, being part of Macau’s development priorities for the next five years.

\n\n\n\n

“In terms of tech or even postal services, AI can improve service efficiency and alleviate personnel shortages. Macau and most places in the world are facing qualified staff shortages, and AI can help with it. The use of AI is an unstoppable global trend,” she noted.

\n\n\n\n

However, the CTT Director still advised that Asia and China tend to have a different approach towards technological innovations and respective regulations.

\n\n\n\n

“Things usually go faster [in Asia and China], when there are innovations there is always a risk, but if we think too much about safety nothing will happen. It is like the parents, if they control the children, they will be babies until they are 40. Too much regulation can also harm innovation,” she added.

\n", "content_text": "The Macau SAR government will take a ‘wait-and-see’ approach concerning Artificial Intelligence regulations, while closely observing regulatory framework experiences in regions such as the European Union that can be used as a reference, Macao Post and Telecommunications Bureau (CTT) Director Debbie Lau said yesterday.\n\n\n\nLau took part as a speaker in a seminar centered on ‘Regulation in AI Development’, included in the XXXI AICEP Forum of Portuguese-Speaking Communications 2024.\n\n\n\n“We don\u2019t have legal regulations to oversee AI uses yet. Since its implementation in the city is in the early stages, the government will wait to see what happens and look at regulations such as the EU framework. The extension of AI uses to personal life needs to be closely studied and EU European directives can be a guideline,” Lau pointed out.\n\n\n\nThe European Union\u2019s AI Act, a regulation aiming to ensure AI is human-centric and trustworthy is expected to come into effect in June. \n\n\n\nThis regulation, poised to be the world\u2019s first comprehensive law for AI, is designed to maintain a balance between encouraging technological advancement and protecting the rights of European consumers.\n\n\n\nWhile mainland China presented a draft for an Artificial Intelligence Law in March, Macau is yet to advance its local legal framework.\n\n\n\nChina’s proposed law would enforce curbs on data use, for example, with providers not able to use AI to analyze and evaluate individuals\u2019 behaviors and habits, interests and hobbies, or their economic, health, and credit information.\n\n\n\nSpeaking during a panel this Friday, Lau pointed out that AI implementation in Macau is still in its “early stages” with local operator CTM already providing some services using AI.\n\n\n\n\n\n\n\nIn April of this year, for example, local tourism authorities CTM and Baibu jointly announced the official launch of Macau\u2019s first \u201cAI Macau Smart Tourism Service\u201d integrating Big Data, AI algorithms, and AR technology that supports multilingual translation.\n\n\n\nIn a recent United Nations University (UNU) AI Conference held in Macau, Secretary for Social Affairs and Culture, Elsie Ao, also stated that Macau aims to attract \u201ctalents and experts from scientific and technological areas worldwide to come to the SAR to initiate and develop their businesses,\u201d with advanced tech industries, including AI, being part of Macau’s development priorities for the next five years.\n\n\n\n“In terms of tech or even postal services, AI can improve service efficiency and alleviate personnel shortages. Macau and most places in the world are facing qualified staff shortages, and AI can help with it. The use of AI is an unstoppable global trend,” she noted.\n\n\n\nHowever, the CTT Director still advised that Asia and China tend to have a different approach towards technological innovations and respective regulations.\n\n\n\n“Things usually go faster [in Asia and China], when there are innovations there is always a risk, but if we think too much about safety nothing will happen. It is like the parents, if they control the children, they will be babies until they are 40. Too much regulation can also harm innovation,” she added.", "date_published": "May 11, 2024", "date_modified": "May 11, 2024 - 23:02", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/05/AI.jpeg", "tags": [ "Macau", "MNA", "MNA Featured" ], "summary": "The Macau SAR government will take a 'wait-and-see' approach concerning Artificial Intelligence regulations, while closely observing regulatory framework experiences in regions such as the European Union that can be used as a reference, Macao Post and Telecommunications Bureau (CTT) Director Debbie Lau said yesterday." }, { "id": "https://www.macaubusiness.com/catching-up/", "url": "https://www.macaubusiness.com/catching-up/", "title": "Forum Macau: Catching up", "content_html": "\"\"\n

After several delays, the 6th Forum Macau Ministerial Conference finally took place last month, almost eight years since its last convening in 2016. Despite fewer top officials in attendance compared to the previous edition, the conference still served as a launching pad for China\u2019s vision of Sino-Lusophone cooperation, outlining its aspirations at least until 2027.

\n\n\n\n

Nelson Moura

\n\n\n\n
\n\n\n\n

The 6th ministerial conference of Forum Macau concluded this week, marking a significant milestone after an eight-year hiatus since its last edition. Representatives from Portuguese-speaking countries gathered to discuss the future of Sino-Lusophone cooperation until 2027, with Chinese authorities unveiling a new Action Plan focusing on the digital economy, blue economy, health, and environment.

\n\n\n\n

Five ministerial conferences were held in the SAR in 2003, 2006, 2010, 2013, and 2016, during which action plans for Economic and Commercial Cooperation were approved. Initially scheduled for 2019, the sixth ministerial conference, which ended on Tuesday, was postponed to June 2020 due to the Macau Chief Executive election. However, due to the COVID-19 pandemic, it ultimately did not take place. Nine Portuguese-speaking countries were represented, namely Angola, Brazil, Cape Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, S\u00e3o Tom\u00e9 and Pr\u00edncipe, and Timor-Leste.

\n\n\n\n

However, unlike eight years ago when some top officials were present, including China\u2019s Premier Li Keqiang and Portugal’s Prime Minister Ant\u00f3nio Costa, the attendance this year was more modest. Both the Chinese and Lusophone sides mainly appointed ministers linked to the economy to attend the conference.

\n\n\n\n
\"\"
\n\n\n\n

Guests bearing gifts

\n\n\n\n

 During the conference, the Vice Chairman of the Standing Committee of the National People’s Congress, Li Hongzhong, announced twenty measures aimed at elevating economic and commercial cooperation between China and Portuguese-speaking countries.

\n\n\n\n

In total, Portuguese-speaking countries registered 6.2 percent year-on-year growth in exports to China in 2023, posting a record full-year tally of US$147.5 billion.

\n\n\n\n

Brazil, however, accounted for an unprecedented US$122.4 billion in sales to China, up nearly 12 percent from the previous year, cementing its spot as China\u2019s top lusophone trade partner.

\n\n\n\n

Overall, total trade between Portuguese-speaking countries totaled US$220.9 billion, with China experiencing a record trade deficit of US$74.1 billion with the Portuguese-speaking nine-country group.

\n\n\n\n

Chinese exports dropped 3.5 percent to US$73.4 billion, around 80 percent of which went to Brazil, which purchased US$59.1 billion, followed by Portugal with US$5.79 billion.

\n\n\n\n
\"\"
\n\n\n\n

The measures disclosed during the 6th Forum Macau Ministerial Conference span trade and investment cooperation, industrial collaboration, economic assistance, and health initiatives, among others. Li reassured delegates of China’s commitment to reform and opening up, emphasising continued efforts to promote openness and cooperation.

\n\n\n\n

Overall, these policies include encouraging the participation of companies from Portuguese-speaking countries in major exhibitions such as the China International Import Expo, as well as providing export credit insurance to stimulate imports. The simplification of inspection and quarantine processes for food and agricultural products from these countries, coupled with the development of a trade and investment manual, seeks to streamline trade and enhance policy exchange. Additionally, efforts to modernise agricultural demonstration centres, conduct joint research projects, and facilitate air transport agreements aim to foster personal exchange and bolster cooperation.

\n\n\n\n

Support measures extend to economic development planning and collaboration in various sectors, including agriculture, health, culture, transportation, and infrastructure, in Portuguese-speaking countries in Asia and Africa. Providing training opportunities for students from these countries in China, along with internship support in Macau, aims to enhance educational and professional exchange. Furthermore, initiatives to strengthen cooperation between Chinese and Portuguese-speaking country hospitals, conduct short-term health projects, and train traditional medicine professionals demonstrate a commitment to improving healthcare infrastructure in Portuguese-speaking countries.

\n\n\n\n

Efforts to establish a financial services platform, develop an international securities market, and create a platform for scientific and technological cooperation underscore a broader commitment to advancing cooperation across sectors, particularly in areas such as audiovisual. These measures aim to facilitate financial transactions, enhance investment opportunities, and promote technological innovation and collaboration between China and Portuguese-speaking countries.

\n\n\n\n

Meanwhile, China\u2019s Commerce Minister, Wang Wentao, also mentioned that China has signed cooperation agreements related to the joint creation of the “Belt and Road Initiative” with most Lusophone countries. 

\n\n\n\n

He affirmed that the Ministry of Commerce will earnestly implement the eight actions announced by President Xi Jinping to ensure the high-quality development of this strategy, aiming to better align it with the Forum’s development. 

\n\n\n\n

Wang also expressed China’s willingness to work with PLP to enhance trade and investment facilitation, deepen openness and cooperation in the industrial and supply chain, support welfare projects, and continuously enrich and improve the Macau Forum mechanism, aiming to foster a new model of multi-level cooperation.

\n\n\n\n
\"\"
\n\n\n\n

Compliments and suggestions

\n\n\n\n

Despite delays caused by the COVID-19 pandemic, the conference witnessed active participation from nine Portuguese-speaking countries. Lusophone representatives praised China’s intentions but urged greater agility and utilisation of the Forum’s financial instruments. Requests focused on easing entry measures for entrepreneurs and maximising the use of the Sino-Lusophone Fund.

\n\n\n\n

Pedro Reis, the Minister of Economy of Portugal, emphasised the importance of a joint reflection on existing financing mechanisms, particularly highlighting the China-Portuguese Speaking Countries Cooperation and Development Fund. Established in 2013, the Fund invested approximately US$500 million in projects across Portuguese-speaking countries, spanning various sectors including clean energy, infrastructure, and agriculture.

\n\n\n\n

Moreover, reinforcement measures outlined during the conference aim to enhance cooperation between China and Portuguese-speaking countries, encompassing initiatives such as trade promotion, agricultural modernization, and support for student exchange programs. The measures also include the creation of a financial services platform and a scientific cooperation platform between China and Portuguese-speaking countries.

\n\n\n\n

The conference concluded with optimism for strengthened cooperation between China and Portuguese-speaking countries, driven by shared goals and reinforced by concrete measures outlined in the new Action Plan.

\n\n\n\n

The executive secretary of the Brazilian Ministry of Entrepreneurship, Microenterprise, and Small Business, Francisco Tadeu Barbosa de Alencar, indicated during the conference that, as the most important trading partner of the South American country, the relationship with China is of utmost importance to Brazilian President Lula da Silva. Alencar also indicated that the appointment of a permanent delegate from Brazil to the Macau Forum would be considered, a position that remains unfilled.

\n", "content_text": "After several delays, the 6th Forum Macau Ministerial Conference finally took place last month, almost eight years since its last convening in 2016. Despite fewer top officials in attendance compared to the previous edition, the conference still served as a launching pad for China\u2019s vision of Sino-Lusophone cooperation, outlining its aspirations at least until 2027.\n\n\n\nNelson Moura\n\n\n\n\n\n\n\nThe 6th ministerial conference of Forum Macau concluded this week, marking a significant milestone after an eight-year hiatus since its last edition. Representatives from Portuguese-speaking countries gathered to discuss the future of Sino-Lusophone cooperation until 2027, with Chinese authorities unveiling a new Action Plan focusing on the digital economy, blue economy, health, and environment.\n\n\n\nFive ministerial conferences were held in the SAR in 2003, 2006, 2010, 2013, and 2016, during which action plans for Economic and Commercial Cooperation were approved. Initially scheduled for 2019, the sixth ministerial conference, which ended on Tuesday, was postponed to June 2020 due to the Macau Chief Executive election. However, due to the COVID-19 pandemic, it ultimately did not take place. Nine Portuguese-speaking countries were represented, namely Angola, Brazil, Cape Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, S\u00e3o Tom\u00e9 and Pr\u00edncipe, and Timor-Leste.\n\n\n\nHowever, unlike eight years ago when some top officials were present, including China\u2019s Premier Li Keqiang and Portugal’s Prime Minister Ant\u00f3nio Costa, the attendance this year was more modest. Both the Chinese and Lusophone sides mainly appointed ministers linked to the economy to attend the conference.\n\n\n\n\n\n\n\nGuests bearing gifts\n\n\n\n During the conference, the Vice Chairman of the Standing Committee of the National People’s Congress, Li Hongzhong, announced twenty measures aimed at elevating economic and commercial cooperation between China and Portuguese-speaking countries.\n\n\n\nIn total, Portuguese-speaking countries registered 6.2 percent year-on-year growth in exports to China in 2023, posting a record full-year tally of US$147.5 billion.\n\n\n\nBrazil, however, accounted for an unprecedented US$122.4 billion in sales to China, up nearly 12 percent from the previous year, cementing its spot as China\u2019s top lusophone trade partner.\n\n\n\nOverall, total trade between Portuguese-speaking countries totaled US$220.9 billion, with China experiencing a record trade deficit of US$74.1 billion with the Portuguese-speaking nine-country group.\n\n\n\nChinese exports dropped 3.5 percent to US$73.4 billion, around 80 percent of which went to Brazil, which purchased US$59.1 billion, followed by Portugal with US$5.79 billion.\n\n\n\n\n\n\n\nThe measures disclosed during the 6th Forum Macau Ministerial Conference span trade and investment cooperation, industrial collaboration, economic assistance, and health initiatives, among others. Li reassured delegates of China’s commitment to reform and opening up, emphasising continued efforts to promote openness and cooperation.\n\n\n\nOverall, these policies include encouraging the participation of companies from Portuguese-speaking countries in major exhibitions such as the China International Import Expo, as well as providing export credit insurance to stimulate imports. The simplification of inspection and quarantine processes for food and agricultural products from these countries, coupled with the development of a trade and investment manual, seeks to streamline trade and enhance policy exchange. Additionally, efforts to modernise agricultural demonstration centres, conduct joint research projects, and facilitate air transport agreements aim to foster personal exchange and bolster cooperation.\n\n\n\nSupport measures extend to economic development planning and collaboration in various sectors, including agriculture, health, culture, transportation, and infrastructure, in Portuguese-speaking countries in Asia and Africa. Providing training opportunities for students from these countries in China, along with internship support in Macau, aims to enhance educational and professional exchange. Furthermore, initiatives to strengthen cooperation between Chinese and Portuguese-speaking country hospitals, conduct short-term health projects, and train traditional medicine professionals demonstrate a commitment to improving healthcare infrastructure in Portuguese-speaking countries.\n\n\n\nEfforts to establish a financial services platform, develop an international securities market, and create a platform for scientific and technological cooperation underscore a broader commitment to advancing cooperation across sectors, particularly in areas such as audiovisual. These measures aim to facilitate financial transactions, enhance investment opportunities, and promote technological innovation and collaboration between China and Portuguese-speaking countries.\n\n\n\nMeanwhile, China\u2019s Commerce Minister, Wang Wentao, also mentioned that China has signed cooperation agreements related to the joint creation of the “Belt and Road Initiative” with most Lusophone countries. \n\n\n\nHe affirmed that the Ministry of Commerce will earnestly implement the eight actions announced by President Xi Jinping to ensure the high-quality development of this strategy, aiming to better align it with the Forum’s development. \n\n\n\nWang also expressed China’s willingness to work with PLP to enhance trade and investment facilitation, deepen openness and cooperation in the industrial and supply chain, support welfare projects, and continuously enrich and improve the Macau Forum mechanism, aiming to foster a new model of multi-level cooperation.\n\n\n\n\n\n\n\nCompliments and suggestions\n\n\n\nDespite delays caused by the COVID-19 pandemic, the conference witnessed active participation from nine Portuguese-speaking countries. Lusophone representatives praised China’s intentions but urged greater agility and utilisation of the Forum’s financial instruments. Requests focused on easing entry measures for entrepreneurs and maximising the use of the Sino-Lusophone Fund.\n\n\n\nPedro Reis, the Minister of Economy of Portugal, emphasised the importance of a joint reflection on existing financing mechanisms, particularly highlighting the China-Portuguese Speaking Countries Cooperation and Development Fund. Established in 2013, the Fund invested approximately US$500 million in projects across Portuguese-speaking countries, spanning various sectors including clean energy, infrastructure, and agriculture.\n\n\n\nMoreover, reinforcement measures outlined during the conference aim to enhance cooperation between China and Portuguese-speaking countries, encompassing initiatives such as trade promotion, agricultural modernization, and support for student exchange programs. The measures also include the creation of a financial services platform and a scientific cooperation platform between China and Portuguese-speaking countries.\n\n\n\nThe conference concluded with optimism for strengthened cooperation between China and Portuguese-speaking countries, driven by shared goals and reinforced by concrete measures outlined in the new Action Plan.\n\n\n\nThe executive secretary of the Brazilian Ministry of Entrepreneurship, Microenterprise, and Small Business, Francisco Tadeu Barbosa de Alencar, indicated during the conference that, as the most important trading partner of the South American country, the relationship with China is of utmost importance to Brazilian President Lula da Silva. Alencar also indicated that the appointment of a permanent delegate from Brazil to the Macau Forum would be considered, a position that remains unfilled.", "date_published": "May 11, 2024", "date_modified": "May 11, 2024 - 23:03", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/05/gallery004370_02.jpg", "tags": [ "Macau", "Macau Business", "MAG", "MB", "MB Featured" ], "summary": "After several delays, the 6th Forum Macau Ministerial Conference finally took place last month, almost eight years since its last convening in 2016. Despite fewer top officials in attendance compared to the previous edition, the conference still served as a launching pad for China\u2019s vision of Sino-Lusophone cooperation, outlining its aspirations at least until 2027." }, { "id": "https://www.macaubusiness.com/mpay-payment-now-available-in-hong-kong-via-alipay/", "url": "https://www.macaubusiness.com/mpay-payment-now-available-in-hong-kong-via-alipay/", "title": "MPay payment now available in Hong Kong via Alipay+", "content_html": "\"\"\n

Users of 14 e-wallets from nine countries and regions, including Macau’s MPay, will now have the capability to make payments within the city using their home apps through Alipay+.

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Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International, announced it has extended its services to cover a population of over 1.2 billion individuals.

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Users of these widely-used e-wallets will benefit from a smooth payment experience with transparent and competitive exchange rates when encountering the Alipay+/AlipayHK logo at participating merchants across the city.

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The company considered that this development not only ‘enhances convenience for consumers but also presents opportunities for local merchants, particularly small and medium-sized businesses (SMEs)’, to seamlessly accept payments from global e-wallet operators, thereby expanding their reach without additional investment.

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Among the e-wallets and bank apps newly introduced to the city by Alipay+ are MPay from Macau; Changi Pay and OCBC Digital from Singapore; GCash and HelloMoney from The Philippines; Hipay from Mongolia; Kakao Pay, Naver Pay, and Toss Pay from South Korea; MyPB by Public Bank Berhad and Touch ‘n Go eWallet from Malaysia; TrueMoney from Thailand; and Tinaba from Italy.

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These wallets, similar to Alipay from the Chinese mainland, are now accepted at over 90 per cent of local outlets in Hong Kong.

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This marks the largest influx of international payment apps introduced to Hong Kong’s offline commercial network through cross-border cooperation at a single time.

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Additionally, Alipay+ and its wallet partners have announced the establishment of a joint mechanism on customer services, named the Alipay+ Service Collaboration Mechanism, in Hong Kong.

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This mechanism aims to support partners in enhancing cross-border payment experiences, operational efficiency, and overall services for global digital wallet users and merchants through operational collaboration and product innovation.

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Sun Ho, Chairman and CEO of Macau Pass, Macao SAR, highlighted the benefits of collaboration, stating, that “through collaboration with Alipay+, our e-wallet MPay enables residents of Macau to enjoy a seamless cross-border mobile payment experience in Hong Kong without the need for currency exchange, thus greatly enhancing the convenience and security of payments.”

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The MPay cross-border payment service, launched by Macau Pass in August 2023, has already expanded its coverage to over fifty countries overseas, enabling the MPay wallet within the Chinese mainland and Hong Kong SAR.

\n", "content_text": "Users of 14 e-wallets from nine countries and regions, including Macau’s MPay, will now have the capability to make payments within the city using their home apps through Alipay+. \n\n\n\nAlipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International, announced it has extended its services to cover a population of over 1.2 billion individuals. \n\n\n\nUsers of these widely-used e-wallets will benefit from a smooth payment experience with transparent and competitive exchange rates when encountering the Alipay+/AlipayHK logo at participating merchants across the city. \n\n\n\nThe company considered that this development not only ‘enhances convenience for consumers but also presents opportunities for local merchants, particularly small and medium-sized businesses (SMEs)’, to seamlessly accept payments from global e-wallet operators, thereby expanding their reach without additional investment.\n\n\n\nAmong the e-wallets and bank apps newly introduced to the city by Alipay+ are MPay from Macau; Changi Pay and OCBC Digital from Singapore; GCash and HelloMoney from The Philippines; Hipay from Mongolia; Kakao Pay, Naver Pay, and Toss Pay from South Korea; MyPB by Public Bank Berhad and Touch ‘n Go eWallet from Malaysia; TrueMoney from Thailand; and Tinaba from Italy.\n\n\n\nThese wallets, similar to Alipay from the Chinese mainland, are now accepted at over 90 per cent of local outlets in Hong Kong.\n\n\n\nThis marks the largest influx of international payment apps introduced to Hong Kong’s offline commercial network through cross-border cooperation at a single time. \n\n\n\nAdditionally, Alipay+ and its wallet partners have announced the establishment of a joint mechanism on customer services, named the Alipay+ Service Collaboration Mechanism, in Hong Kong. \n\n\n\nThis mechanism aims to support partners in enhancing cross-border payment experiences, operational efficiency, and overall services for global digital wallet users and merchants through operational collaboration and product innovation.\n\n\n\nSun Ho, Chairman and CEO of Macau Pass, Macao SAR, highlighted the benefits of collaboration, stating, that “through collaboration with Alipay+, our e-wallet MPay enables residents of Macau to enjoy a seamless cross-border mobile payment experience in Hong Kong without the need for currency exchange, thus greatly enhancing the convenience and security of payments.”\n\n\n\nThe MPay cross-border payment service, launched by Macau Pass in August 2023, has already expanded its coverage to over fifty countries overseas, enabling the MPay wallet within the Chinese mainland and Hong Kong SAR.", "date_published": "April 28, 2024", "date_modified": "April 28, 2024 - 13:17", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://mbusiness.sgp1.digitaloceanspaces.com/2019/09/WhatsApp-Image-2019-09-16-at-14.44.30.jpeg", "tags": [ "Macau", "MNA" ], "summary": "Users of 14 e-wallets from nine countries and regions, including Macau's MPay, will now have the capability to make payments within the city using their home apps through Alipay+. " }, { "id": "https://www.macaubusiness.com/forbes-wealthiest-ranking-with-three-macau-linked-presences1/", "url": "https://www.macaubusiness.com/forbes-wealthiest-ranking-with-three-macau-linked-presences1/", "title": "Forbes wealthiest ranking with three Macau-linked presences", "content_html": "\"\"\n

Forbes unveiled its 38th edition of the world’s wealthiest individuals last week, with some notable presences from Macau.

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Among the familiar names are Lui Che Woo, the founder and chairman of Galaxy Entertainment Group, Pansy Ho, serving as chairperson of MGM China, and Angela Leong, director at SJM, all maintaining their spots from the 2023 list.

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However, Lawrence Ho and Hoi King Hong didn’t make the cut this year. Topping the global rankings remains the French magnate Bernard Arnault, while within the gaming sector, Miriam Adelson, the widow of Sheldon Adelson, stands out.

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This renowned list of the world’s richest individuals continues to break records annually. In the realm of ten-digit fortunes, there are now 2,781 individuals holding billionaire status in 2024, surpassing the 2023 count and even outdoing the 2021 record of 2,755 billionaires.

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The billionaire cohort is expanding, both in numbers and the size of their fortunes, as per Forbes. The collective wealth of those featured in this latest Forbes edition amounts to US$14.2 trillion, marking a 14 per cent increase, or US$2 trillion, compared to 2023.

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A substantial portion of this wealth surge stems from the top 20 members, primarily dominated by individuals based in the United States, contributing US$700 billion to the total.

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Lui Che Woo, chairman of Galaxy Entertainment Group and K. Wah International Holdings
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The U.S. maintains its lead in the density of billionaires per square kilometer, with a record-breaking 813 individuals belonging to the 1 per cent, up from 735 in 2023.

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While China, including Macau and Hong Kong, retains its second position among the world’s wealthiest regions, the number of billionaires has declined from 562 in 2023 to 473. India claims the third spot with 200 billionaires, marking another record for 2024.

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According to Forbes, China’s wealthiest individual remains Zhong Shanshan, despite sliding 9 positions to 24th globally. Notably, Macau-linked entrepreneurs like Lui Che Woo and Pansy Ho hold prominent positions among China’s elite.

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Lui Che Woo, chairman of Galaxy Entertainment Group and K. Wah International Holdings, holds the 180th spot on Forbes’ list with a fortune of $11.2 billion, showcasing Macau’s influence in the global wealth landscape.

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Pansy Ho, daughter of Stanley Ho, stands as CEO of MGM and chairs Shun Tak Holdings, securing the 835th position on the list with an estimated wealth of $3.8 billion.

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Pansy Ho chairperson of MGM China Holdings and executive chairman of Shun Tak Holdings
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Another notable Macau figure, Angela Leong, widow of casino mogul Stanley Ho and current director of SJM, has an estimated wealth of US$2.4 billion, ranking 1,380th globally.

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Miriam Adelson, widow of Las Vegas Sands founder Sheldon Adelson, continues to be a leading figure in the international gaming industry. The Adelson family’s significant role in Macau’s gaming sector has propelled them to 53rd place on the Forbes list, with an accumulated wealth of US$32 billion.

\n", "content_text": "Forbes unveiled its 38th edition of the world’s wealthiest individuals last week, with some notable presences from Macau. \n\n\n\nAmong the familiar names are Lui Che Woo, the founder and chairman of Galaxy Entertainment Group, Pansy Ho, serving as chairperson of MGM China, and Angela Leong, director at SJM, all maintaining their spots from the 2023 list. \n\n\n\nHowever, Lawrence Ho and Hoi King Hong didn’t make the cut this year. Topping the global rankings remains the French magnate Bernard Arnault, while within the gaming sector, Miriam Adelson, the widow of Sheldon Adelson, stands out.\n\n\n\nThis renowned list of the world’s richest individuals continues to break records annually. In the realm of ten-digit fortunes, there are now 2,781 individuals holding billionaire status in 2024, surpassing the 2023 count and even outdoing the 2021 record of 2,755 billionaires.\n\n\n\nThe billionaire cohort is expanding, both in numbers and the size of their fortunes, as per Forbes. The collective wealth of those featured in this latest Forbes edition amounts to US$14.2 trillion, marking a 14 per cent increase, or US$2 trillion, compared to 2023.\n\n\n\nA substantial portion of this wealth surge stems from the top 20 members, primarily dominated by individuals based in the United States, contributing US$700 billion to the total. \n\n\n\nLui Che Woo, chairman of Galaxy Entertainment Group and K. Wah International Holdings\n\n\n\nThe U.S. maintains its lead in the density of billionaires per square kilometer, with a record-breaking 813 individuals belonging to the 1 per cent, up from 735 in 2023.\n\n\n\nWhile China, including Macau and Hong Kong, retains its second position among the world’s wealthiest regions, the number of billionaires has declined from 562 in 2023 to 473. India claims the third spot with 200 billionaires, marking another record for 2024.\n\n\n\nAccording to Forbes, China’s wealthiest individual remains Zhong Shanshan, despite sliding 9 positions to 24th globally. Notably, Macau-linked entrepreneurs like Lui Che Woo and Pansy Ho hold prominent positions among China’s elite.\n\n\n\nLui Che Woo, chairman of Galaxy Entertainment Group and K. Wah International Holdings, holds the 180th spot on Forbes’ list with a fortune of $11.2 billion, showcasing Macau’s influence in the global wealth landscape.\n\n\n\nPansy Ho, daughter of Stanley Ho, stands as CEO of MGM and chairs Shun Tak Holdings, securing the 835th position on the list with an estimated wealth of $3.8 billion.\n\n\n\nPansy Ho chairperson of MGM China Holdings and executive chairman of Shun Tak Holdings\n\n\n\nAnother notable Macau figure, Angela Leong, widow of casino mogul Stanley Ho and current director of SJM, has an estimated wealth of US$2.4 billion, ranking 1,380th globally.\n\n\n\nMiriam Adelson, widow of Las Vegas Sands founder Sheldon Adelson, continues to be a leading figure in the international gaming industry. The Adelson family’s significant role in Macau’s gaming sector has propelled them to 53rd place on the Forbes list, with an accumulated wealth of US$32 billion.", "date_published": "April 06, 2024", "date_modified": "April 07, 2024 - 02:20", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/06/Macau-wide.png", "tags": [ "Macau", "MNA", "MNA Featured" ], "summary": "Forbes unveiled its 38th edition of the world's wealthiest individuals last week, with some notable presences from Macau. " }, { "id": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e7%8e%a9%e6%96%b0%e7%89%8c/", "url": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e7%8e%a9%e6%96%b0%e7%89%8c/", "title": "\u3010\u606f\u606f\u76f8\u95dc\u3011\u73a9\u65b0\u724c", "content_html": "\"\"\n

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\u6587\uff1a\u502a\u7199\u6668 

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1\u670815\u65e5\uff0c\u524d\u7acb\u6cd5\u6703\u8b70\u54e1\u3001\u535a\u5f69\u5c08\u696d\u5b78\u8005\u99ae\u5bb6\u8d85\u3001MdME \u7ba1\u7406\u5408\u5925\u4eba\u57f7\u696d\u5927\u5f8b\u5e2b\u5e03\u8def\u5e73\uff08Rui Pinto Proen\u00e7a\uff09\u3001\u5206\u6790\u5e2b Niall Murray\u548c\u7d93\u6fdf\u5b78\u5bb6Jos\u00e9 I. Duarte\u9f4a\u805a\u5b98\u6a02\u6021\u57fa\u91d1\u6703\uff0c\u51fa\u5e2d\u7531\u57fa\u91d1\u6703\u548cMacau Business\u5408\u8fa6\u7684\u6700\u65b0\u4e00\u671fMBTV\u7814\u8a0e\u6703\uff0c\u63a2\u8a0e\u4e3b\u984c\u805a\u7126\u201c\u65b0\u8ced\u724c\uff1a\u4e00\u5e74\u5f8c\u201d\u3002 

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\u5148\u524d\u7684\u9152\u5e97\u57fa\u790e\u8a2d\u65bd\u662f\u57fa\u65bc\u65c5\u5ba2\u6578\u91cf\u6301\u7e8c\u589e\u9577\u7684\u5047\u8a2d\uff0c\u4f46\u60c5\u6cc1\u6216\u4e0d\u518d\u5982\u6b64\u3002 

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\u4f7f\u5176\u660e\u5fb9\u900f\u4eae 

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\u5c0d\u65bcMurray International Group\u5275\u8fa6\u4eba\u517c\u8463\u4e8b\u9577Niall Murray\u4f86\u8aaa\uff0c\u653f\u5e9c\u70ba\u535a\u5f69\u696d\u7d93\u71df\u8005\u5236\u5b9a\u7684\u65b0\u591a\u5143\u5316\u8a08\u5283\u8b93\u627f\u6279\u516c\u53f8\u611f\u5230\u201c\u4e9b\u8a31\u9707\u9a5a\u201d\u3002 

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Jos\u00e9 I. Duarte\u5f37\u8abf\uff0c\u7576\u5c40\u9700\u5c31\u67d0\u4e9b\u975e\u535a\u5f69\u9805\u76ee\u548c\u59d4\u8a17\u516d\u5927\u535a\u4f01\u9032\u884c\u7684\u57ce\u5340\u6d3b\u5316\u8a08\u5283\u9032\u884c\u6f84\u6e05\u548c\u5354\u8abf\u3002 

\n\n\n\n

\u201c\u5728\u67d0\u4e9b\u65b9\u9762\uff0c\u7279\u5340\u653f\u5e9c\u8a66\u5716\u5c07\u539f\u672c\u5c6c\u65bc\u516c\u5171\u653f\u7b56\u9818\u57df\u7684\u8cac\u4efb\u5916\u5305\uff0c\u9019\u4ee4\u4eba\u8cbb\u89e3\uff0c\u56e0\u70ba\u9019\u4e9b\u516c\u5171\u653f\u7b56\u7f3a\u4e4f\u660e\u78ba\u7684\u76ee\u6a19\u548c\u65b9\u5411\u3002\u201d\u9019\u4f4d\u7d93\u6fdf\u5b78\u5bb6\u6307\u51fa\u7576\u5c40\u8981\u6c42\u79c1\u4eba\u4f01\u696d\u898f\u5283\u4e0d\u540c\u7247\u5340\u7684\u767c\u5c55\uff0c\u537b\u201c\u7121\u9808\u4ee5\u5354\u8abf\u7684\u65b9\u5f0f\u201d\u3002 

\n\n\n\n
\"\"
\n\n\n\n
\"\"
\n\n\n\n

\u202f\u4e2d\u5834\u52a9\u529b\u884c\u696d\u58ef\u5927 

\n\n\n\n

\u6fb3\u9580\u5927\u5b78\u535a\u5f69\u7814\u7a76\u6240\u6240\u9577\u99ae\u5bb6\u8d85\u8a8d\u70ba\uff0c\u7531\u65bc\u76ee\u524d\u6fb3\u9580\u4e2d\u5834\u696d\u52d9\u8301\u58ef\u6210\u9577\uff0c\u57ce\u5e02\u535a\u5f69\u7e3d\u6536\u5165\u5c07\u96a8\u8457\u5165\u5883\u65c5\u5ba2\u589e\u52a0\uff0c\u8fce\u4f86\u66f4\u53ef\u6301\u7e8c\u767c\u5c55\u3002 

\n\n\n\n

\u201c\u6211\u5617\u8a66\u8a08\u7b972019\u5e74\u81f32023\u5e74\u9593\u4e2d\u5834\u696d\u52d9\u7684\u5e73\u5747\u8868\u73fe\u3002\u82e5\u53c3\u8003\u65c5\u5ba2\u6578\u91cf\u548c\u4e2d\u5834\u696d\u7e3e\uff0c\u57fa\u672c\u4e0a\u6bcf\u540d\u73a9\u5bb6\u8ca2\u737b\u4e86\u6fb3\u9580\u5e6315,000\u5143\uff08\u6298\u5408\u7d041,861\u7f8e\u5143\uff09\u3002\u5728\u62c9\u65af\u7dad\u52a0\u65af\uff0c\u6bcf\u540d\u8ced\u5f92\u5e73\u5747\u8ca2\u737b\u7d04300 \u7f8e\u5143\uff0c\u201d\u4ed6\u6307\u51fa\u3002\u201c\u9019\u610f\u5473\u8457\u6fb3\u9580\u4e2d\u5834\u7684\u5e73\u5747\u6295\u6ce8\u984d\u6bd4\u62c9\u65af\u7dad\u52a0\u65af\u9ad8\u4e14\u9ad8\u5f97\u591a\u3002\u201d 

\n\n\n\n

\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u767c\u524d\uff0c\u6fb3\u9580\u63a5\u5f85\u5165\u5883\u65c5\u5ba2\u7d043,900\u842c\u4eba\u6b21\uff0c\u535a\u5f69\u696d\u7e3d\u6536\u5165\u7d042,920\u5104\u5143\u30022023\u5e74\uff0c\u6fb3\u9580\u63a5\u5f85\u5165\u5883\u65c5\u5ba2\u7d042,823\u842c\u4eba\u6b21\uff0c\u5168\u5e74\u8ced\u6536\u70ba1,830.6 \u5104\u5143\u3002 

\n\n\n\n

\u99ae\u5bb6\u8d85\u900f\u9732\uff0c\u672c\u5730\u535a\u5f69\u696d\u7e3d\u6536\u5165\u7684\u69cb\u6210\u767c\u751f\u4e86\u5de8\u8b8a\uff0c\u7576\u4e2d\u7d04\u516b\u6210\u4f86\u81ea\u4e2d\u5834\u73a9\u5bb6\uff0c\u5169\u6210\u4f86\u81ea\u8cb4\u8cd3\u5ef3\u696d\u52d9\u3002\u4ed6\u8a8d\u70ba\uff0c\u8207\u5f80\u5e74\u76f8\u6bd4\uff0c\u73fe\u6642\u7684\u8ced\u6536\u6216\u66f4\u5bb9\u6613\u8a08\u7b97\u3002 

\n\n\n\n

\u9019\u4f4d\u7814\u7a76\u4eba\u54e1\u89e3\u91cb\uff0c\u4ee52023\u5e74\u7b2c\u56db\u5b63\u70ba\u4f8b\uff0c\u5c07\u6240\u6709\u535a\u5f69\u6536\u5165\u76f8\u52a0\uff0c\u518d\u9664\u4ee5\u4e09\uff0c\u5373\u6708\u5747\u8ced\u6536\u7d04180\u5104\u5143\u3002\u82e5\u4ee5\u5168\u5e74\u8ced\u6536\u9664\u4ee5\u5165\u5883\u65c5\u5ba2\u4eba\u6578\uff0c\u5247\u6bcf\u4f4d\u65c5\u5ba2\u8ca2\u737b\u7d046,400\u5143\u3002 

\n\n\n\n

\u201c\u9019\u662f\u4e00\u500b\u6975\u70ba\u7a69\u5b9a\u7684\u6578\u5b57\u3002\u7e7c\u6b64\u65b0\u535a\u5f69\u6a21\u5f0f\u63a8\u884c\u4e00\u5e74\u5f8c\uff0c\u6211\u5011\u76f8\u4fe1\u5982\u57ce\u5e02\u80fd\u5920\u6301\u7e8c\u63d0\u5347\u5176\u5165\u5883\u65c5\u5ba2\u6578\u91cf\uff0c\u5247\u53ef\u9810\u671f\u8207\u4e4b\u6210\u6b63\u6bd4\u7684\u8ced\u6536\u5347\u5e45\u3002\u56e0\u6b64\uff0c\u5982\u679c\u6fb3\u95802024\u5e74\u7684\u65c5\u5ba2\u6578\u91cf\u589e\u52a0 20%\uff0c\u90a3\u9ebc\u8ced\u6536\u5c07\u589e\u52a0\u7d0420%\u3002\u201d\u4ed6\u7e3d\u7d50\u9053\u3002 

\n\n\n\n

MdME \u7ba1\u7406\u5408\u5925\u4eba\u57f7\u696d\u5927\u5f8b\u5e2b\u5e03\u8def\u5e73\u5f37\u8abf\uff0c\u6fb3\u9580\u6b63\u9010\u6b65\u5be6\u73fe\u201c\u5df2\u5b9a\u7684\u516c\u5171\u653f\u7b56\u76ee\u6a19\u201d\uff0c\u201c\u884c\u696d\u8e0f\u4e0a\u4e86\u4e00\u689d\u66f4\u901a\u900f\u3001\u66f4\u53ef\u6301\u7e8c\u7684\u767c\u5c55\u9053\u8def\uff0c\u9019\u6709\u52a9\u65bc\u7d93\u6fdf\u591a\u5143\u5316\u7684\u5efa\u8a2d\u201d\u3002 

\n\n\n\n

\u95dc\u65bc\u65b0\u535a\u5f69\u6cd5\u548c\u5408\u7d04\u689d\u6b3e\u7684\u9069\u7528\uff0c\u5e03\u8def\u5e73\u8a8d\u70ba\uff0c\u653f\u5e9c\u548c\u627f\u6279\u516c\u53f8\u201c\u4ecd\u5728\u5b78\u7fd2\uff0c\u540c\u6642\u5728\u6cd5\u5f8b\u548c\u5408\u7d04\u7684\u5b57\u9762\u610f\u7fa9\u53ca\u5176\u65e5\u5e38\u9069\u7528\u7684\u73fe\u5be6\u4e4b\u9593\u5c0b\u6c42\u5e73\u8861\u201d\u3002 

\n\n\n\n

\u7279\u5340\u653f\u5e9c\u5e0c\u671b\u5be6\u73fe\u65c5\u5ba2\u4f86\u6e90\u591a\u5143\u5316\u65b9\u9762\uff0c\u4ed6\u8868\u793a\uff0c\u73fe\u5728\u662f\u6642\u5019\u5c08\u6ce8\u65bc\u201c\u9577\u671f\u6230\u7565\u201d\uff0c \u201c\u5728\u4e16\u754c\u821e\u53f0\u4e0a\uff0c\u6fb3\u9580\u5fc5\u9808\u8207\u8a31\u591a\u5176\u4ed6\u65c5\u904a\u76ee\u7684\u5730\u4e00\u8f03\u9ad8\u4e0b\u201d\u3002 

\n\n\n\n

\u201c\u5a1b\u6a02\u5834\u71df\u904b\u5546\u5df2\u7d93\u6295\u5165\u5927\u91cf\u8cc7\u6e90\uff0c\u7aed\u529b\u5f15\u5165\u4f86\u81ea\u5176\u4ed6\u5e02\u5834\u7684\u73a9\u5bb6\uff0c\u4f46\u7af6\u722d\u975e\u5e38\u6fc0\u70c8\u3002\u6211\u8a8d\u70ba\uff0c\u653f\u5e9c\u61c9\u8a72\u5728\u9019\u65b9\u9762\u505a\u66f4\u591a\u5de5\u4f5c\u3002\u201d\u4ed6\u6307\u51fa\u3002 

\n\n\n\n

\u201c\u7576\u7136\uff0c\u57fa\u790e\u8a2d\u65bd\u3001\u4ea4\u901a\u6216\u5de5\u4f5c\u7c3d\u8b49\u7b49\u7b49\u90fd\u7f3a\u4e00\u4e0d\u53ef\uff0c\u4f46\u4e00\u5207\u90fd\u9700\u8981\u6295\u5165\u5927\u91cf\u6642\u9593\u548c\u8cc7\u6e90\u3002 \u4f46\u653f\u5e9c\u4e5f\u53ef\u4ee5\u8f15\u9b06\u63a1\u53d6\u5176\u4ed6\u63aa\u65bd\uff0c\u53ea\u9700\u8981\u7d19\u548c\u7b46\u3002\u201d 

\n\n\n\n
\"\"
\n\n\n\n
\"\"
\n\n\n\n
\"\"
\n\n\n\n

\u535a\u5f69\u4e2d\u4ecb\u7684\u81f4\u547d\u6253\u64ca 

\n\n\n\n

\u6700\u5f8c\uff0c\u7814\u8a0e\u6703\u805a\u7126\u7576\u5c40\u91dd\u5c0d\u535a\u5f69\u4e2d\u4ecb\u4eba\u904b\u4f5c\u63d0\u51fa\u7684\u65b0\u6cd5\u5f8b\u969c\u7919\uff0c\u5305\u62ec\u7981\u6b62\u4e2d\u4ecb\u4eba\u63d0\u4f9b\u4fe1\u8cb8\u7684\u53ef\u80fd\u6027\u3002 

\n\n\n\n

\u6fb3\u9580\u7acb\u6cd5\u6703\u7b2c\u4e8c\u5e38\u8a2d\u59d4\u54e1\u6703\u76ee\u524d\u6b63\u8457\u624b\u5be9\u8b70\u4e00\u90e8\u91dd\u5c0d\u5a1b\u6a02\u5834\u5e78\u904b\u535a\u5f69\u4fe1\u8cb8\u7684\u8349\u6848\uff0c\u9019\u5c07\u6210\u70ba\u58d3\u57ae\u6fb3\u9580\u535a\u5f69\u4e2d\u4ecb\u884c\u696d\u7684\u201c\u6700\u5f8c\u4e00\u6839\u7a3b\u8349\u201d\u3002 

\n\n\n\n

\u201c\u9019\u500b\u554f\u984c\u5c1a\u672a\u88ab\u7d0d\u5165\u905e\u4ea4\u7acb\u6cd5\u6703\u5be9\u8b70\u7684\u6cd5\u6848\u6700\u521d\u6587\u672c\uff0c\u4f46\u6211\u5011\u77e5\u9053\u7576\u5c40\u6b63\u8003\u616e\u3002\u5728\u6211\u770b\u4f86\uff0c\u9019\u6210\u70ba\u6253\u57ae\u535a\u5f69\u4e2d\u4ecb\u884c\u696d\u7684\u81f4\u547d\u4e00\u64ca\uff0c\u4f46\u5c0d\u5a1b\u6a02\u5834\u71df\u904b\u5546\u6536\u5165\u800c\u8a00\uff0c\u9019\u4e0d\u592a\u53ef\u80fd\u7522\u751f\u91cd\u5927\u5f71\u97ff\uff0c\u201d\u5e03\u8def\u5e73\u5f37\u8abf\u3002 

\n\n\n\n

\u76f4\u5230\u6578\u5e74\u524d\uff0c\u8cb4\u8cd3\u5ef3\u4e2d\u4ecb\u4eba\u696d\u52d9\u4ecd\u662f\u6fb3\u9580\u5a1b\u6a02\u5834\u7684\u4e3b\u8981\u6536\u5165\u4f86\u6e90\u3002\u7136\u800c\uff0c\u53bb\u5e74\u9812\u5e03\u7684\u65b0\u535a\u5f69\u6cd5\u6a19\u8a8c\u8457\u7279\u5340\u535a\u5f69\u4e2d\u4ecb\u4eba\u696d\u52d9\u76e3\u7ba1\u7684\u91cd\u5927\u6539\u9769\u3002 

\n\n\n\n

\u9664\u6b64\u4e4b\u5916\uff0c\u7acb\u6cd5\u6703\u76ee\u524d\u6b63\u5728\u5be9\u8b70\u65b0\u7684\u300a\u5a1b\u6a02\u5834\u5e78\u904b\u535a\u5f69\u4fe1\u8cb8\u6cd5\u5f8b\u5236\u5ea6\u300b\uff0c\u8a72\u8349\u6848\u6700\u8fd1\u5df2\u901a\u904e\u4e00\u822c\u6027\u8a0e\u8ad6\u53ca\u8868\u6c7a\u3002 

\n\n\n\n

\u59d4\u54e1\u6703\u4e3b\u5e2d\u9673\u6fa4\u6b66\u900f\u9732\uff0c\u7576\u5c40\u5c0d\u6cd5\u6848\u8349\u6848\u63d0\u51fa\u91cd\u5927\u4fee\u6539\uff0c\u5efa\u8b70\u53ea\u6709\u6301\u724c\u516c\u53f8\u624d\u80fd\u5411\u8ced\u5ba2\u63d0\u4f9b\u4fe1\u8cb8\uff0c\u535a\u5f69\u4e2d\u4ecb\u6a5f\u69cb\u5c07\u88ab\u7981\u6b62\u5f9e\u4e8b\u9019\u9805\u6d3b\u52d5\u3002 

\n\n\n\n

\u6839\u64da\u73fe\u884c\u6cd5\u898f\uff0c\u627f\u6279\u516c\u53f8\u548c\u535a\u5f69\u4e2d\u4ecb\u90fd\u6709\u6b0a\u5411\u73a9\u5bb6\u767c\u653e\u4fe1\u8cb8\u3002\u9673\u6fa4\u6b66\u89e3\u91cb\uff0c\u672a\u4f86\u53ea\u6709\u7372\u5f97\u8a31\u53ef\u7684\u516c\u53f8\u65b9\u80fd\u5411\u8ced\u5ba2\u51fa\u501f\u535a\u5f69\u7c4c\u78bc\u3002\u535a\u5f69\u4e2d\u4ecb\u5c07\u4e0d\u5f97\u5f9e\u4e8b\u4fe1\u8cb8\u696d\u52d9\uff0c\u4f46\u64da\u7576\u5c40\u7a31\uff0c\u4ed6\u5011\u4ecd\u7136\u80fd\u5920\u5354\u52a9\u627f\u6279\u516c\u53f8\u5f15\u5165\u6216\u62db\u5f85\u73a9\u5bb6\u3002 

\n\n\n\n

\u653f\u5e9c\u89e3\u91cb\uff0c\u9019\u4e9b\u4fee\u6539\u65e8\u5728\u4fc3\u9032\u535a\u5f69\u696d\u5065\u5eb7\u767c\u5c55\uff0c\u52a0\u4e0a\u7d9c\u5408\u8003\u616e\u6709\u95dc\u98a8\u96aa\uff0c\u5c07\u535a\u5f69\u4e2d\u4ecb\u4eba\u9650\u5236\u70ba\u8f14\u52a9\u89d2\u8272\u3002\u9019\u4e9b\u4fee\u8a02\u4e00\u65e6\u751f\u6548\uff0c\u5c07\u91cd\u5275\u672c\u5df2\u5944\u5944\u4e00\u606f\u7684\u672c\u5730\u535a\u5f69\u4e2d\u4ecb\u548c\u8cb4\u8cd3\u5ef3\u7522\u696d\u3002 

\n\n\n\n

\u6839\u64da\u4eca\u5e74\u5be6\u65bd\u7684\u65b0\u535a\u5f69\u6cd5\uff0c\u6bcf\u5bb6\u535a\u5f69\u4e2d\u4ecb\u53ea\u80fd\u8207\u4e00\u5bb6\u627f\u6279\u516c\u53f8\u5408\u4f5c\u3002\u7576\u5c40\u6700\u8fd1\u9084\u516c\u4f48\uff0c2024\u5e74\u6fb3\u9580\u535a\u5f69\u4e2d\u4ecb\u6578\u91cf\u4e0a\u9650\u70ba50\u500b\uff0c\u5408\u4f5c\u4eba\u6578\u91cf\u4e0a\u9650\u70ba250\u4eba\u3002 

\n\n\n\n

\u5118\u7ba1\u5982\u6b64\uff0c\u73fe\u6642\u6301\u6709\u724c\u7167\u7684\u535a\u5f69\u4e2d\u4ecb\u6578\u91cf\u751a\u81f3\u4f4e\u65bc\u653f\u5e9c\u7684\u898f\u5b9a\uff0c2024\u5e74\u50c518\u500b\u3002\u8207\u75ab\u60c5\u7206\u767c\u524d\u7684100 \u591a\u500b\u6301\u724c\u535a\u5f69\u4e2d\u4ecb\u5f62\u6210\u9bae\u660e\u5c0d\u6bd4\uff0c\u66f4\u4e0d\u7528\u8aaa\uff0c\u5341\u5e74\u524d\u884c\u696d\u9f0e\u76db\u6642\u671f\u7684200 \u591a\u500b\u6301\u724c\u535a\u5f69\u4e2d\u4ecb\u4e86\u3002 

\n\n\n\n

\u5e03\u8def\u5e73\u9084\u8ac7\u5230\u4e86\u884c\u653f\u6703\u53bb\u5e74\u5e74\u5e95\u516c\u4f48\u7684\u53e6\u4e00\u9805\u6cd5\u898f\uff0c\u5373\u300a\u6253\u64ca\u975e\u6cd5\u8ced\u535a\u72af\u7f6a\u6cd5\u300b\uff0c\u8a72\u6cd5\u5c07\u53d6\u4ee3\u73fe\u884c\u7684\u300a\u4e0d\u6cd5\u8ced\u535a\u300b\u3002 

\n\n\n\n

\u8a72\u6cd5\u6848\u660e\u78ba\u7981\u6b62\u7d93\u71df\u3001\u4fc3\u9032\u53ca\u7d44\u7e54\u7dda\u4e0a\u5e78\u904b\u535a\u5f69\u53ca\u4e92\u76f8\u535a\u5f69\uff0c\u4e0d\u8ad6\u6240\u6d89\u53ca\u7684\u96fb\u8166\u7cfb\u7d71\u3001\u88dd\u7f6e\u53ca\u8a2d\u5099\u662f\u5426\u8a2d\u65bc\u6fb3\u9580\u3002 

\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\u5104\u5143\u3002 \n\n\n\n\u99ae\u5bb6\u8d85\u900f\u9732\uff0c\u672c\u5730\u535a\u5f69\u696d\u7e3d\u6536\u5165\u7684\u69cb\u6210\u767c\u751f\u4e86\u5de8\u8b8a\uff0c\u7576\u4e2d\u7d04\u516b\u6210\u4f86\u81ea\u4e2d\u5834\u73a9\u5bb6\uff0c\u5169\u6210\u4f86\u81ea\u8cb4\u8cd3\u5ef3\u696d\u52d9\u3002\u4ed6\u8a8d\u70ba\uff0c\u8207\u5f80\u5e74\u76f8\u6bd4\uff0c\u73fe\u6642\u7684\u8ced\u6536\u6216\u66f4\u5bb9\u6613\u8a08\u7b97\u3002 \n\n\n\n\u9019\u4f4d\u7814\u7a76\u4eba\u54e1\u89e3\u91cb\uff0c\u4ee52023\u5e74\u7b2c\u56db\u5b63\u70ba\u4f8b\uff0c\u5c07\u6240\u6709\u535a\u5f69\u6536\u5165\u76f8\u52a0\uff0c\u518d\u9664\u4ee5\u4e09\uff0c\u5373\u6708\u5747\u8ced\u6536\u7d04180\u5104\u5143\u3002\u82e5\u4ee5\u5168\u5e74\u8ced\u6536\u9664\u4ee5\u5165\u5883\u65c5\u5ba2\u4eba\u6578\uff0c\u5247\u6bcf\u4f4d\u65c5\u5ba2\u8ca2\u737b\u7d046,400\u5143\u3002 \n\n\n\n\u201c\u9019\u662f\u4e00\u500b\u6975\u70ba\u7a69\u5b9a\u7684\u6578\u5b57\u3002\u7e7c\u6b64\u65b0\u535a\u5f69\u6a21\u5f0f\u63a8\u884c\u4e00\u5e74\u5f8c\uff0c\u6211\u5011\u76f8\u4fe1\u5982\u57ce\u5e02\u80fd\u5920\u6301\u7e8c\u63d0\u5347\u5176\u5165\u5883\u65c5\u5ba2\u6578\u91cf\uff0c\u5247\u53ef\u9810\u671f\u8207\u4e4b\u6210\u6b63\u6bd4\u7684\u8ced\u6536\u5347\u5e45\u3002\u56e0\u6b64\uff0c\u5982\u679c\u6fb3\u95802024\u5e74\u7684\u65c5\u5ba2\u6578\u91cf\u589e\u52a0 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"date_published": "March 31, 2024", "date_modified": "March 29, 2024 - 22:15", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/IMG_2835.jpg", "tags": [ "Business Intelligence", "MAG", "MB", "MB Featured" ], "summary": "\u9f8d\u8e8d\u5728\u5ead\uff0c\u65b0\u4e00\u671fMBTV\u8faf\u8ad6\u6703\u8acb\u4f86\u591a\u4f4d\u696d\u754c\u5c08\u5bb6\uff0c\u56de\u9867\u65b0\u8ced\u724c\u751f\u6548\u9996\u5e74\u7684\u767c\u5c55\u8b8a\u9077\u3002\u5206\u6790\u5e2b\u8a8d\u70ba\uff0c\u7576\u5c40\u4ecd\u9700\u70ba\u535a\u5f69\u696d\u8005\u5c65\u884c\u975e\u535a\u5f69\u6295\u8cc7\u627f\u8afe\u63d0\u4f9b\u660e\u78ba\u6307\u5f15\u3002\u5c08\u5bb6\u5c0f\u7d44\u9084\u63a2\u8a0e\u4e86\u4e2d\u5834\u696d\u52d9\u5c07\u6210\u70ba\u672a\u4f86\u8ced\u6536\u7684\u6838\u5fc3\u7d44\u6210\u53ca\u91dd\u5c0d\u535a\u5f69\u4e2d\u4ecb\u6d3b\u52d5\u63a8\u884c\u7684\u65b0\u9650\u5236\u7b49\u8b70\u984c\u3002 " }, { "id": "https://www.macaubusiness.com/grand-lisboa-palace-inaugurates-its-last-hotel-the-new-palazzo-versace/", "url": "https://www.macaubusiness.com/grand-lisboa-palace-inaugurates-its-last-hotel-the-new-palazzo-versace/", "title": "Grand Lisboa Palace inaugurates its last hotel, the new Palazzo Versace", "content_html": "\"\"\n

SJM Resorts has inaugurated the Palazzo Versace hotel at its Grand Lisboa Palace property, Versace’s first luxury hotel in Asia.

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The hotel, spanning across one of the resort’s towers, boasts 271 rooms and suites exuding an Italian Palazzo ambiance, furnished with bespoke linens, Versace Home textiles, and Italian terrazzo flooring.

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Daisy Ho, Managing Director of SJM Resorts indicated in the ceremony that the opening “fully realised” the group’s vision for its first Cotai integrated resort, the Grand Lisboa Palace,

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Dining options at the hotel include two Italian restaurants: Don Alfonso 1890 and La Scala del Palazzo.

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In addition to dining, Palazzo Versace Macau features a wellness retreat, personal training studio, and both indoor and outdoor swimming pools.

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“The Grand Lisboa Palace now stands out as home to the only couture-focused designer hotels in Macau, positioning our city as one of the few destinations worldwide offering such ultraluxe branded hospitality experiences,” Daisy Ho pointed out.

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The property opening included a surprise music performance from world-renowned musician, John Legend, in an event that had in attendance, Donatella Versace, Chief Creative Officer Versace, and celebrities such as Austin Lin, Chang Huasen, Shin Hae Sun and Blue Pongtiwat Tangwancharoen, K-pop star Ok Taec-yeon.

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SJM Holdings has reported nearly HKD1.73 billion (US$220 million/MOP1.78 billion) in adjusted EBITDA for the 12 months to December last year, reversing a loss of HKD3.1 billion a year earlier.

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Its Cotai property, Grand Lisboa Palace, earned HKD3.67 billion in gross revenue, of which 73 per cent, or HKD2.69 billion came from gaming activity. The latter was up from HKD346 million in 2022.

\n", "content_text": "SJM Resorts has inaugurated the Palazzo Versace hotel at its Grand Lisboa Palace property, Versace’s first luxury hotel in Asia. \n\n\n\nThe hotel, spanning across one of the resort’s towers, boasts 271 rooms and suites exuding an Italian Palazzo ambiance, furnished with bespoke linens, Versace Home textiles, and Italian terrazzo flooring.\n\n\n\nDaisy Ho, Managing Director of SJM Resorts indicated in the ceremony that the opening “fully realised” the group’s vision for its first Cotai integrated resort, the Grand Lisboa Palace, \n\n\n\nDining options at the hotel include two Italian restaurants: Don Alfonso 1890 and La Scala del Palazzo. \n\n\n\nIn addition to dining, Palazzo Versace Macau features a wellness retreat, personal training studio, and both indoor and outdoor swimming pools.\n\n\n\n“The Grand Lisboa Palace now stands out as home to the only couture-focused designer hotels in Macau, positioning our city as one of the few destinations worldwide offering such ultraluxe branded hospitality experiences,” Daisy Ho pointed out.\n\n\n\nThe property opening included a surprise music performance from world-renowned musician, John Legend, in an event that had in attendance, Donatella Versace, Chief Creative Officer Versace, and celebrities such as Austin Lin, Chang Huasen, Shin Hae Sun and Blue Pongtiwat Tangwancharoen, K-pop star Ok Taec-yeon.\n\n\n\nSJM Holdings has reported nearly HKD1.73 billion (US$220 million/MOP1.78 billion) in adjusted EBITDA for the 12 months to December last year, reversing a loss of HKD3.1 billion a year earlier.\n\n\n\nIts Cotai property, Grand Lisboa Palace, earned HKD3.67 billion in gross revenue, of which 73 per cent, or HKD2.69 billion came from gaming activity. The latter was up from HKD346 million in 2022.", "date_published": "March 24, 2024", "date_modified": "March 25, 2024 - 00:54", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/03/Palazzo-Versace-Macau_Outdoor-Pool_01.jpg", "tags": [ "Gaming", "Macau", "MNA" ], "summary": "SJM Resorts has inaugurated the Palazzo Versace hotel at its Grand Lisboa Palace property, Versace's first luxury hotel in Asia." }, { "id": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e6%b8%9b%e5%b0%91%e7%a2%b3%e8%b6%b3%e8%b7%a1/", "url": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e6%b8%9b%e5%b0%91%e7%a2%b3%e8%b6%b3%e8%b7%a1/", "title": "\u3010\u606f\u606f\u76f8\u95dc\u3011\u6e1b\u5c11\u78b3\u8db3\u8de1", "content_html": "\"\"\n

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\u7fd2\u8fd1\u5e73\u4e3b\u5e2d\u5728\u7b2c\u4e03\u5341\u4e94\u5c46\u806f\u5408\u570b\u5927\u6703\u4e0a\u5ba3\u4f48\uff0c\u4e2d\u570b\u5c07\u63d0\u9ad8\u570b\u5bb6\u81ea\u4e3b\u8ca2\u737b\u529b\u5ea6\uff0c\u63a1\u53d6\u66f4\u6709\u529b\u7684\u653f\u7b56\u548c\u63aa\u65bd\uff0c\u4e8c\u6c27\u5316\u78b3\u6392\u653e\u529b\u722d\u65bc2030\u5e74\u524d\u9054\u5230\u5cf0\u503c\uff0c\u52aa\u529b\u722d\u53d62060\u5e74\u524d\u5be6\u73fe\u78b3\u4e2d\u548c\u3002 

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\u201c\u7136\u800c\uff0c\u6587\u4ef6\u63d0\u51fa\u7684\u76ee\u6a19\u6216\u4e0d\u592a\u53ef\u80fd\u5be6\u73fe\u3002\u7576\u5c40\u6839\u64da\u6211\u5011\u4eca\u5929\u6240\u638c\u63e1\u7684\u6578\u64da\uff0c\u5b9a\u4e0b\u4e862035\u5e74\u548c2050\u5e74\u8981\u5be6\u73fe\u7684\u76ee\u6a19\uff0c\u7576\u4e2d\u672a\u5c07\u4e4b\u5f8c\u7522\u751f\u7684\u5176\u4ed6\u6578\u64da\u7d0d\u5165\u8003\u616e\u3002\u201d \u2013 \u74b0\u4fdd\u4eba\u58eb\u8cc8\u52a0\u8def\uff08Gilberto Camacho\uff09 

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\u201c\u5728\u63a8\u884c\u6e1b\u78b3\u5de5\u4f5c\u4e0a\u96d6\u7136\u76f8\u5c0d\u6709\u512a\u52e2\uff0c\u4f46\u8981\u69cb\u5efa\u65b0\u578b\u7684\u80fd\u6e90\u9ad4\u7cfb\uff0c\u6539\u8b8a\u5927\u773e\u539f\u6709\u7684\u751f\u6d3b\u65b9\u5f0f\uff0c\u4ecd\u9700\u7a81\u7834\u591a\u65b9\u9762\u7684\u9650\u5236\u201d – \u300a\u6fb3\u9580\u9577\u671f\u6e1b\u78b3\u7b56\u7565\u300b 

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\u7576\u5c40\u63a8\u51fa\u4e86\u4e00\u7cfb\u5217\u63aa\u65bd\uff0c\u4f8b\u5982\u63d0\u4f9b\u7a05\u6536\u512a\u60e0\u548c\u300a\u6dd8\u6c70\u8001\u820a\u6469\u6258\u8eca\u4e26\u7f6e\u63db\u65b0\u96fb\u52d5\u6469\u6258\u8eca\u8cc7\u52a9\u8a08\u5283\u300b\u3001\u300a\u6dd8\u6c70\u8001\u820a\u67f4\u6cb9\u8eca\u8cc7\u52a9\u8a08\u5283\u300b\u3002 

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\u5176\u4ed6\u5305\u62ec\u70ba\u65b0\u5efa\u516c\u5171\u505c\u8eca\u5834\u548c\u65b0\u5efa\u516c\u5171\u5efa\u7bc9\u7684\u6240\u6709\u505c\u8eca\u4f4d\u9810\u7559\u6162\u901f\u5145\u96fb\u4f9b\u96fb\u5bb9\u91cf\u548c\u57fa\u790e\u8a2d\u65bd\uff1b2022\u5e74\u5e95\u555f\u52d5\u70ba\u820a\u5340\u516c\u5171\u505c\u8eca\u5834\u589e\u8a2d\u96fb\u52d5\u8eca\u5145\u96fb\u4f4d\u5de5\u7a0b\uff0c\u81f3\u4eca\u5df2\u5b89\u88dd\u4e86\u8f15\u578b\u6c7d\u8eca\u5145\u96fb\u4f4d2,000\u591a\u500b\u3001\u91cd\u578b\u6469\u6258\u8eca\u548c\u8f15\u578b\u6469\u6258\u8eca\u5145\u96fb\u4f4d500\u500b\u4ee5\u4e0a\u3002 

\n\n\n\n

\u653f\u5e9c\u9f13\u52f5\u9152\u5e97\u548c\u5a1b\u6a02\u4f01\u696d\u4f7f\u7528\u65b0\u80fd\u6e90\u6c7d\u8eca\u63a5\u9001\u5ba2\u4eba\uff0c\u5c24\u5176\u662f\u9078\u7528\u518d\u751f\u80fd\u6e90\u8eca\u8f1b\u4f5c\u7a7f\u68ad\u5df4\u58eb\u4e4b\u7528\u3002 

\n\n\n\n

\u672c\u6fb3\u5169\u9593\u5df4\u58eb\u516c\u53f8\u6fb3\u9580\u516c\u5171\u6c7d\u8eca\u516c\u53f8\uff08\u6fb3\u5df4\uff09\u548c\u65b0\u798f\u5229\u5747\u5df2\u627f\u8afe\u5927\u90e8\u5206\u7684\u71df\u904b\u8eca\u8f1b\u5c07\u65bc2024\u5e74\u66f4\u63db\u70ba\u74b0\u4fdd\u80fd\u6e90\u8eca\u8f1b\u3002 

\n\n\n\n

\u4f5c\u70ba\u672c\u5730\u6700\u5927\u578b\u7684\u5df4\u58eb\u71df\u904b\u5546\uff0c\u6fb3\u5df4\u627f\u8afe\u71df\u904b\u8eca\u968a\u4e2d95%\u8eca\u8f1b\u70ba\u74b0\u4fdd\u65b0\u80fd\u6e90\u8eca\u8f1b\uff1b\u65b0\u798f\u5229\u5247\u8868\u660e\u6574\u500b\u71df\u904b\u8eca\u968a\u5c07\u4f7f\u7528\u7da0\u8272\u5df4\u58eb\u3002 

\n\n\n\n

\u540c\u6642\uff0c\u653f\u5e9c\u65bc2023\u5e746\u6708\u555f\u52d5\u4e86\u7b2c\u4e8c\u968e\u6bb5\u7684\u300a\u6dd8\u6c70\u8001\u820a\u6469\u6258\u8eca\u4e26\u7f6e\u63db\u65b0\u96fb\u52d5\u6469\u6258\u8eca\u8cc7\u52a9\u8a08\u5283\u300b\u3001\u300a\u6dd8\u6c70\u8001\u820a\u67f4\u6cb9\u8eca\u8cc7\u52a9\u8a08\u5283\u300b\uff0c\u7b2c\u4e00\u7533\u8acb\u671f\u7531\u53bb\u5e746\u67081\u65e5\u81f32024\u5e745\u670831\u65e5\uff1b\u7b2c\u4e8c\u7533\u8acb\u671f\u8a08\u5283\u65bc2024\u5e746\u67081\u65e5\u81f32025\u5e745\u670831\u65e5\u671f\u9593\u6301\u7e8c\u3002 

\n\n\n\n

\u6839\u64da\u300a\u6dd8\u6c70\u8001\u820a\u67f4\u6cb9\u8eca\u8cc7\u52a9\u8a08\u5283\u300b\uff0c\u57282008\u5e7412\u670831\u65e5\u6216\u4e4b\u524d\u8a3b\u518a\u53ca\u767b\u8a18\u7684\u8001\u820a\u67f4\u6cb9\u8eca\u8eca\u4e3b\uff0c\u5982\u53d6\u6d88\u6709\u95dc\u8eca\u8f1b\u7684\u8a3b\u518a\u4e26\u78ba\u5b9a\u5c07\u8eca\u8f1b\u904b\u96e2\u672c\u6fb3\uff0c\u53ef\u7372\u6700\u9ad8\u6fb3\u9580\u5e63155,000\u5143\u8cc7\u52a9\u3002 

\n\n\n\n

\u81f3\u65bc\u6469\u6258\u8eca\u7f6e\u63db\u8a08\u5283\uff0c2010\u5e7412\u670831\u65e5\u6216\u4e4b\u524d\u8a3b\u518a\u6216\u767b\u8a18\u7684\u8001\u820a\u96fb\u55ae\u8eca\u8eca\u4e3b\u53ef\u7372\u9ad8\u90548,800\u5143\u7684\u5831\u5ee2\u734e\u52f5\u91d1\u3002 

\n\n\n\n


\u201c\u7576\u5c40\u61c9\u8a72\u66f4\u5805\u5b9a\u3001\u66f4\u7a4d\u6975\u5730\u5be6\u65bd\u53ef\u6301\u7e8c\u7684\u74b0\u5883\u8209\u63aa\u3002\u6fb3\u9580\u4f5c\u70ba\u4e00\u5ea7\u5c0f\u578b\u57ce\u5e02\uff0c\u5177\u5099\u6210\u70ba\u9019\u9818\u57df\u5148\u9a45\u7684\u4e00\u5207\u689d\u4ef6\u3002\u9019\u5c07\u662f\u6fb3\u9580\u7684\u9a55\u50b2\uff0c\u4e5f\u662f\u4e2d\u570b\u7684\u9a55\u50b2\u3002\u201d – \u74b0\u4fdd\u4eba\u58eb\u8cc8\u52a0\u8def\uff08Gilberto Camacho\uff09  

\n\n\n\n
\"\"
\n\n\n\n

\u5927\u81bd\u524d\u884c 

\n\n\n\n

\u6839\u64da\u4ea4\u901a\u5c40\u6578\u64da\uff0c\u622a\u81f32023\u5e74\u5e95\uff0c\u5168\u6fb3\u8a3b\u518a\u96fb\u52d5\u8eca\u8f1b\u51718,131\u8f1b\uff0c\u50c5\u4f54\u7e3d\u6578\u76843.2%\u3002 

\n\n\n\n

\u201c\u6211\u6ce8\u610f\u5230\u6fb3\u9580\u672c\u5730\u7684\u96fb\u52d5\u8eca\u6301\u7e8c\u589e\u591a\u3002\u4e5f\u5c31\u662f\u8aaa\uff0c\u6c7d\u6cb9\u6216\u67f4\u6cb9\u9a45\u52d5\u7684\u8eca\u8f1b\u9010\u6b65\u88ab\u96fb\u52d5\u8eca\u6240\u66ff\u4ee3\u3002\u5728\u6211\u770b\u4f86\uff0c\u9019\u662f\u9081\u5411\u6c38\u7e8c\u767c\u5c55\u7684\u4e00\u6b65\u3002\u201d\u8cc8\u52a0\u8def\u5411\u8a18\u8005\u8868\u793a\u3002 

\n\n\n\n

\u7136\u800c\uff0c\u9019\u4f4d\u74b0\u4fdd\u4eba\u58eb\u6307\u51fa\uff0c\u4ecd\u9700\u4ed8\u51fa\u66f4\u591a\u52aa\u529b\uff0c\u4ed6\u9084\u5c0d\u96fb\u52d5\u8eca\u5728\u6fb3\u9580\u7684\u767c\u5c55\u53ef\u80fd\u63d0\u51fa\u8cea\u7591\u3002\u201c\u7576\u8eca\u8f1b\u96fb\u6c60\u9054\u5230\u4f7f\u7528\u58fd\u547d\u6642\uff0c\u5982\u4f55\u8655\u7f6e\uff1f\u70ba\u4f55\u90a3\u4e9b\u6c23\u9ad4\u6392\u653e\u91cf\u8d85\u904e\u516c\u5171\u885b\u751f\u6700\u4f4e\u6a19\u6e96\u7684\u8eca\u8f1b\u4ecd\u88ab\u5141\u8a31\u5728\u6fb3\u9580\u9053\u8def\u4e0a\u884c\u99db\uff1f\u201d \u4ed6\u6307\u51fa\u3002 

\n\n\n\n

\u5c0d\u65bc\u8cc8\u52a0\u8def\u4f86\u8aaa\uff0c\u57ce\u5e02\u6b65\u884c\u5316\u53ca\u6e1b\u5c11\u57ce\u5e02\u8a3b\u518a\u8eca\u8f1b\u7e3d\u6578\u4ea6\u662f\u91cd\u4e2d\u4e4b\u91cd\u3002DSAT\u6578\u64da\u986f\u793a\uff0c\u6fb3\u9580\u767b\u8a18\u5728\u518a\u7684\u8eca\u8f1b\u6578\u91cf\u6301\u7e8c\u589e\u9577\uff0c\u5f9e2016\u5e74\u7d0424\u842c\u8f1b\u589e\u81f32023\u5e74\u7684 25.1\u842c\u8f1b\u3002 

\n\n\n\n

 \u201c\u53d7\u57ce\u5e02\u898f\u6a21\u9650\u5236\uff0c\u9b27\u5e02\u67d0\u4e9b\u8857\u9053\u53ea\u5141\u8a31\u884c\u4eba\u3001\u81ea\u884c\u8eca\u53ca\u90e8\u5206\u653f\u5e9c\u8eca\u8f1b\u3001\u8b66\u5bdf\u3001\u6d88\u9632\u54e1\u548c\u6551\u8b77\u8eca\u901a\u884c\uff0c\u201d\u4ed6\u88dc\u5145\u9053\u3002 

\n\n\n\n

\u201c\u6211\u8a8d\u70ba\uff0c\u5c31\u6b64\u800c\u8a00\uff0c\u6211\u5011\u4ecd\u6709\u5f88\u591a\u65b9\u9762\u8981\u5411\u9130\u8fd1\u5730\u5340\u53d6\u7d93\uff0c\u5c24\u5176\u662f\u9999\u6e2f\u3002\u5728\u5167\u5730\uff0c\u6211\u5011\u4e5f\u770b\u5230\u96fb\u52d5\u8eca\u9010\u6f38\u53d6\u4ee3\u6c7d\u6cb9\u52d5\u529b\u8eca\u7684\u8da8\u52e2\u3002\u201d 

\n\n\n\n

\u8cc8\u52a0\u8def\u5f37\u8abf\uff0c\u4e16\u754c\u5404\u5730\u540c\u884c\u63d0\u51fa\u4e86\u591a\u500b\u958b\u5275\u6027\u8a08\u5283\uff0c\u6fb3\u9580\u61c9\u66f4\u5805\u5b9a\u3001\u66f4\u5927\u81bd\u5730\u5411\u524d\u9081\u9032\u3002 

\n\n\n\n

\u201c\u7576\u5c40\u61c9\u8a72\u66f4\u5805\u5b9a\u3001\u66f4\u7a4d\u6975\u5730\u5be6\u65bd\u53ef\u6301\u7e8c\u7684\u74b0\u5883\u8209\u63aa\u3002\u6fb3\u9580\u4f5c\u70ba\u4e00\u5ea7\u5c0f\u578b\u57ce\u5e02\uff0c\u5177\u5099\u6210\u70ba\u9019\u9818\u57df\u5148\u9a45\u7684\u4e00\u5207\u689d\u4ef6\u3002\u9019\u5c07\u662f\u6fb3\u9580\u7684\u9a55\u50b2\uff0c\u4e5f\u662f\u4e2d\u570b\u7684\u9a55\u50b2\u3002\u201d\u4ed6\u7e3d\u7d50\u9053\u3002 

\n\n\n\n
\n\n\n\n
\"\"/
\n\n\n\n

\u751f\u614b\u5cf6\u9084\u662f\u5783\u573e\u5834\uff1f 

\n\n\n\n
\"\"
\n\n\n\n

\u653f\u5e9c\u5176\u4ed6\u63d0\u6848\u76f8\u5c0d\u6c92\u6709\u90a3\u9ebc\u53d7\u6b61\u8fce\uff0c\u5305\u62ec\u6700\u8fd1\u63d0\u51fa\u5728\u9ed1\u6c99\u6d77\u7058\u9644\u8fd1\u5229\u7528\u5efa\u7bc9\u5783\u573e\u5efa\u9020\u201c\u751f\u614b\u5cf6\u201d\u7684\u63d0\u6848\u3002 

\n\n\n\n

\u74b0\u4fdd\u5c40\u74b0\u5883\u898f\u5283\u8655\u8655\u9577\u5433\u6642\u8981\u4ecb\u7d39\uff0c\u751f\u614b\u5cf6\u8207\u65b0\u52a0\u5761\u5be6\u99ac\u9ad8\u5783\u573e\u63a9\u57cb\u5834\u985e\u4f3c\uff0c\u6709\u6548\u89e3\u6c7a\u57ce\u5e02\u5ee2\u6599\u8655\u7f6e\u554f\u984c\u4e14\u4f7f\u7528\u5e74\u9650\u4e0d\u5c11\u65bc20\u5e74\uff0c\u4e26\u5c07\u6253\u9020\u6210\u201c\u516c\u5171\u89aa\u6d77\u7a7a\u9593\u201d\u548c\u201c\u57ce\u5e02\u7da0\u80ba\u201d\u3002 

\n\n\n\n

\u6d77\u4e8b\u5c40\u65e5\u524d\u516c\u4f48\u300a\u6d77\u6d0b\u529f\u80fd\u5340\u5283\u300b\u548c\u300a\u6d77\u57df\u898f\u5283\u300b\u8aee\u8a62\u6587\u4ef6\u4e26\u5728\u6587\u4ef6\u4e2d\u63d0\u51fa\u8208\u5efa\u751f\u614b\u5cf6\u7684\u8349\u6848\u3002 

\n\n\n\n

\u672c\u5730\u74b0\u4fdd\u7d44\u7e54\u7da0\u8272\u672a\u4f86\u6703\u9577\u8881\u5609\u6d69\u8868\u793a\uff0c\u539f\u5247\u4e0a\u540c\u610f\u8a72\u8a08\u5283\uff0c\u4f46\u5e0c\u671b\u4e0d\u6703\u884d\u751f\u201c\u64c1\u6709\u751f\u614b\u5cf6\u5c31\u610f\u5473\u8457\u6211\u5011\u53ef\u4ee5\u88fd\u9020\u7121\u9650\u5ee2\u7269\u201d\u7684\u5fc3\u614b\u3002 

\n\n\n\n

\u8a72\u63d0\u6848\u4fc3\u4f7f\u74b0\u4fdd\u4eba\u58eb\u9673\u4fca\u660e\u5728\u7db2\u8def\u4e0a\u767c\u8d77\u806f\u7f72\uff0c\u63d0\u51fa\u70ba\u4fdd\u8b77\u6fb3\u9580\u6d77\u6d0b\u751f\u614b\u7cfb\u7d71\uff0c\u8981\u6c42\u66ab\u505c\u751f\u614b\u5cf6\u8a08\u5283\u3002 

\n\n\n\n

\u5728Change.org\u7db2\u7ad9\u4e0a\u984c\u70ba\u300aStop landfilling our ocean\u300b\u8acb\u9858\u66f8\u4e2d\uff0c\u6fb3\u9580\u74b0\u4fdd\u5b78\u751f\u806f\u6703\u6703\u9577\u8868\u793a\uff0c\u9019\u9805\u8a08\u5283\u201c\u5fc5\u5b9a\u5c0d\u6d77\u6d0b\u751f\u614b\u9020\u6210\u7834\u58de\u3001\u52a0\u5287\u6cf3\u7058\u6c34\u8cea\u7684\u6c61\u67d3\uff08\u5371\u5bb3\u6cf3\u5ba2\u53ca\u6c34\u4e0a\u6d3b\u52d5\u4eba\u58eb\u5065\u5eb7\uff09\uff0c\u66f4\u6467\u6bc1\u73cd\u7a00\u4e2d\u83ef\u767d\u6d77\u8c5a\u751f\u5883\u201d\u3002 

\n\n\n\n

\u9673\u4fca\u660e\u6307\u51fa\u516c\u958b\u8aee\u8a62\u671f\u9650\u50c550\u5929\uff0c\u8a72\u9805\u653f\u7b56\u5c07\u201c\u6c38\u4e45\u640d\u50b7\u73cd\u8cb4\u6d77\u6d0b\u8cc7\u6e90\u201d\uff0c\u4e14\u201c\u65e2\u6c92\u6709\u63d0\u51fa\u4efb\u4f55\u79d1\u5b78\u6578\u64da\u652f\u6301\u586b\u6d77\u7684\u552f\u4e00\u53ca\u5fc5\u8981\u6027\uff0c\u53c8\u672a\u901a\u904e\u74b0\u5883\u5f71\u97ff\u8a55\u4f30\u201d\u3002 

\n\n\n\n

\u4ed6\u611f\u5606\u9053\uff1a\u201c\u5982\u679c\u6211\u5011\u4eca\u65e5\u6c89\u9ed8\uff0c\u6211\u5011\u7684\u6d77\u6d0b\u672a\u4f86\u5fc5\u5b9a\u6c89\u9ed8\uff0c\u53ea\u5269\u5145\u6eff\u5783\u573e\u6c92\u6709\u751f\u6c23\u7684\u6d77\u53ca\u7058\uff01\u201d\u00a0

\n\n\n\n

\n", "content_text": 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landfilling our ocean\u300b\u8acb\u9858\u66f8\u4e2d\uff0c\u6fb3\u9580\u74b0\u4fdd\u5b78\u751f\u806f\u6703\u6703\u9577\u8868\u793a\uff0c\u9019\u9805\u8a08\u5283\u201c\u5fc5\u5b9a\u5c0d\u6d77\u6d0b\u751f\u614b\u9020\u6210\u7834\u58de\u3001\u52a0\u5287\u6cf3\u7058\u6c34\u8cea\u7684\u6c61\u67d3\uff08\u5371\u5bb3\u6cf3\u5ba2\u53ca\u6c34\u4e0a\u6d3b\u52d5\u4eba\u58eb\u5065\u5eb7\uff09\uff0c\u66f4\u6467\u6bc1\u73cd\u7a00\u4e2d\u83ef\u767d\u6d77\u8c5a\u751f\u5883\u201d\u3002 \n\n\n\n\u9673\u4fca\u660e\u6307\u51fa\u516c\u958b\u8aee\u8a62\u671f\u9650\u50c550\u5929\uff0c\u8a72\u9805\u653f\u7b56\u5c07\u201c\u6c38\u4e45\u640d\u50b7\u73cd\u8cb4\u6d77\u6d0b\u8cc7\u6e90\u201d\uff0c\u4e14\u201c\u65e2\u6c92\u6709\u63d0\u51fa\u4efb\u4f55\u79d1\u5b78\u6578\u64da\u652f\u6301\u586b\u6d77\u7684\u552f\u4e00\u53ca\u5fc5\u8981\u6027\uff0c\u53c8\u672a\u901a\u904e\u74b0\u5883\u5f71\u97ff\u8a55\u4f30\u201d\u3002 \n\n\n\n\u4ed6\u611f\u5606\u9053\uff1a\u201c\u5982\u679c\u6211\u5011\u4eca\u65e5\u6c89\u9ed8\uff0c\u6211\u5011\u7684\u6d77\u6d0b\u672a\u4f86\u5fc5\u5b9a\u6c89\u9ed8\uff0c\u53ea\u5269\u5145\u6eff\u5783\u573e\u6c92\u6709\u751f\u6c23\u7684\u6d77\u53ca\u7058\uff01\u201d\u00a0", "date_published": "March 23, 2024", "date_modified": "March 22, 2024 - 03:16", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/03/EV_taxi_web.jpg", "tags": [ "Business Intelligence", "MAG", "MB", "MB Featured" ], "summary": "\u70ba\u914d\u5408\u570b\u5bb6\u5be6\u73fe\u201c\u96d9\u78b3\u76ee\u6a19\u201d\uff0c\u6fb3\u9580\u653f\u5e9c\u8fd1\u65e5\u516c\u4f48\u898f\u5283\uff0c\u81f4\u529b\u65bc2030\u5e74\u524d\u9054\u5230\u78b3\u6392\u653e\u5cf0\u503c\u4e26\u57282050\u5e74\u9054\u81f3\u201c\u8fd1\u201d\u5be6\u73fe\u96f6\u6392\u653e\u3002\u5118\u7ba1\u8a08\u5283\u88ab\u8b7d\u70ba\u6e1b\u5c11\u6fb3\u9580\u78b3\u8db3\u8de1\u7684\u201c\u91cd\u8981\u4e00\u6b65\u201d\uff0c\u4f46\u74b0\u4fdd\u4eba\u58eb\u8a8d\u70ba\u8a08\u5283\u7f3a\u4e4f\u96c4\u5fc3\u4e14\u904e\u5ea6\u7406\u60f3\u5316\u3002 " }, { "id": "https://www.macaubusiness.com/2024-asia-gaming-awards-with-macau-linked-honourees/", "url": "https://www.macaubusiness.com/2024-asia-gaming-awards-with-macau-linked-honourees/", "title": "2024 Asia Gaming Awards with Macau-linked honourees", "content_html": "\"\"\n

*In Manila

\n\n\n\n

Some Macau-linked companies and personalities were honored at this year’s Asia Gaming Awards.

\n\n\n\n

The ASEAN Gaming Summit 2024, hosted by Asia Gaming Brief, wrapped up its three-day stint in Manila, Philippines, yesterday, boasting a turnout of almost 1,600 participants.

\n\n\n\n

The three-day summit included attendees hailing from a multitude of locales such as Macau, Armenia, Australia, Hong Kong, Malaysia, Cambodia, India, Germany, the UK, Indonesia, Japan, Korea, Vietnam, and Singapore.

\n\n\n\n

Of the gaming operators with a presence in the Macau SAR, Melco Resorts & Entertainment received one of the awards handed by this year’s Asia Gaming Awards. taking home the Best Responsible Gaming Program, in a ceremony held at the Shangri-La The Fort Manila Hotel.

\n\n\n\n

Lorraine Koo, who previously held executive positions in Macau with Galaxy Entertainment Group, Meg-Star, and The 13 Hotel, was one of the three personalities awarded with an Outstanding Leader Award. Koo is currently the COO of the Philippines junket operator Dowinn Group.

\n", "content_text": "*In Manila\n\n\n\nSome Macau-linked companies and personalities were honored at this year’s Asia Gaming Awards.\n\n\n\nThe ASEAN Gaming Summit 2024, hosted by Asia Gaming Brief, wrapped up its three-day stint in Manila, Philippines, yesterday, boasting a turnout of almost 1,600 participants.\n\n\n\nThe three-day summit included attendees hailing from a multitude of locales such as Macau, Armenia, Australia, Hong Kong, Malaysia, Cambodia, India, Germany, the UK, Indonesia, Japan, Korea, Vietnam, and Singapore.\n\n\n\nOf the gaming operators with a presence in the Macau SAR, Melco Resorts & Entertainment received one of the awards handed by this year’s Asia Gaming Awards. taking home the Best Responsible Gaming Program, in a ceremony held at the Shangri-La The Fort Manila Hotel.\n\n\n\nLorraine Koo, who previously held executive positions in Macau with Galaxy Entertainment Group, Meg-Star, and The 13 Hotel, was one of the three personalities awarded with an Outstanding Leader Award. Koo is currently the COO of the Philippines junket operator Dowinn Group.", "date_published": "March 21, 2024", "date_modified": "March 25, 2024 - 12:01", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/03/WhatsApp-Image-2024-03-20-at-21.16.12.jpeg", "tags": [ "Gaming", "International", "Macau", "MNA" ], "summary": "Some Macau-linked companies and personalities were honored at this year's Asia Gaming Awards." }, { "id": "https://www.macaubusiness.com/laxer-regulatory-framework-could-help-macau-gaming-suppliers-sme/", "url": "https://www.macaubusiness.com/laxer-regulatory-framework-could-help-macau-gaming-suppliers-sme/", "title": "Laxer regulatory framework could help Macau gaming suppliers \u2013 SME", "content_html": "\"\"\n

*In Manila

\n\n\n\n

A laxer regulatory framework, similar to the approach taken in the Philippines, would help gaming supplier SMEs, a representative from Han Xin Industry (Macau) Limited, a locally registered gaming supplier told Macau Business.

\n\n\n\n

“Compared to Macau, the Philippines offers more freedom for business,” sales manager Felicity Cai told MB on the sidelines of the 6th ASEAN Gaming Summit.

\n\n\n\n

In a State of the Industry Address held yesterday at the same event, Alejandro H. Tengco, Chairman and CEO of PAGCOR, the country\u2019s gaming operator/regulator, asserted that privatization and regulatory reforms should position the country ahead of Singapore, just behind Macau, in the ASEAN market.

\n\n\n\n

Registered in the Macau SAR, most of the gaming electronic components, including casino tables, supplied by Han Xin are produced in the Dongguan city of Guangdong Province. In the SAR it supplies Sands and MGM.

\n\n\n\n

“We have a PAGCCOR accreditation since 2016, and we have been exploring the market ever since. The business has recovered a lot since the pandemic ended but compared to other countries the Philippines is a promising market for us,” sales manager Felicity Cai told MB.

\n\n\n\n

“In the Macau SAR gaming operators also usually purchase large bulk orders for gaming equipment suppliers so we are trying to focus our attention on the Philippines”.

\n\n\n\n

The sales representative noted that since the pandemic ended, the company’s factory in Dongguan has expanded its production lines and increased manufacturing.

\n", "content_text": "*In Manila\n\n\n\nA laxer regulatory framework, similar to the approach taken in the Philippines, would help gaming supplier SMEs, a representative from Han Xin Industry (Macau) Limited, a locally registered gaming supplier told Macau Business.\n\n\n\n“Compared to Macau, the Philippines offers more freedom for business,” sales manager Felicity Cai told MB on the sidelines of the 6th ASEAN Gaming Summit.\n\n\n\nIn a State of the Industry Address held yesterday at the same event, Alejandro H. Tengco, Chairman and CEO of PAGCOR, the country\u2019s gaming operator/regulator, asserted that privatization and regulatory reforms should position the country ahead of Singapore, just behind Macau, in the ASEAN market.\n\n\n\nRegistered in the Macau SAR, most of the gaming electronic components, including casino tables, supplied by Han Xin are produced in the Dongguan city of Guangdong Province. In the SAR it supplies Sands and MGM.\n\n\n\n“We have a PAGCCOR accreditation since 2016, and we have been exploring the market ever since. The business has recovered a lot since the pandemic ended but compared to other countries the Philippines is a promising market for us,” sales manager Felicity Cai told MB.\n\n\n\n“In the Macau SAR gaming operators also usually purchase large bulk orders for gaming equipment suppliers so we are trying to focus our attention on the Philippines”.\n\n\n\nThe sales representative noted that since the pandemic ended, the company’s factory in Dongguan has expanded its production lines and increased manufacturing.", "date_published": "March 20, 2024", "date_modified": "March 20, 2024 - 10:59", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2022/07/0E238A8E-E559-4CAD-941C-B0EBD881C87A.png", "tags": [ "Gaming", "Macau", "MNA", "MNA Featured" ], "summary": "A laxer regulatory framework, similar to the approach taken in the Philippines, would help gaming supplier SMEs, a representative from Han Xin Industry (Macau) Limited, a locally registered gaming supplier told Macau Business." }, { "id": "https://www.macaubusiness.com/the-philippines-could-second-only-macau-in-ggr-in-the-near-future-gaming-regulator/", "url": "https://www.macaubusiness.com/the-philippines-could-second-only-macau-in-ggr-in-the-near-future-gaming-regulator/", "title": "The Philippines will second only Macau in GGR in ASEAN in the near future \u2013 Gaming regulator", "content_html": "\"\"\n

*In Manila

\n\n\n\n

The Philippines will become the second largest gaming market in the Asia-Pacific sphere in the near and middle term, only surpassed by Macau, the country’s gaming regulator announced today.

\n\n\n\n

In a State of the Industry Address held today at the opening of the 6th ASEAN Gaming Summit, Alejandro H. Tengco, Chairman and CEO of PAGCOR, the country’s gaming operator/regulator asserted that privatization and regulatory reforms should position the country ahead of Singapore.

\n\n\n\n

Macau gross gaming revenue (GGR) reached MOP180 billion ($22.3 billion) in 2023, with Tengco estimating that Singapore\u2019s annual GGR was roughly $6 billion, an amount he believes the Philippines can surpass.

\n\n\n\n

Singapore doesn’t publish official GGR figures, with its gaming revenue generated by its two gaming licensees, Resorts World Sentosa, operated by Genting Singapore Ltd; and Marina Bay Sands, run by a unit of Las Vegas Sands Corp.

\n\n\n\n

The Philippines ended last year with a record of approximately $5.1 billion, representing an 11 percent increase from the previous year and surpassing pre-pandemic figures.

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Meanwhile, PAGCOR anticipates gross gaming revenue to soar to a new high of PHP336 billion (US$6.1 billion) this year, on the back of the privatisation of its publically operate casinos and further regulatory improvements.

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As the public gaming operator and watchdog, PAGCOR regulates commercial casinos across the country, including special economic areas like the Clark Freeport Zone in Central Luzon, while also operating casinos on behalf of the state under the Casino Filipino brand.

\n\n\n\n

“We expect gaming revenue to sustain growth both this year and beyond, driven by increased entertainment options for both local and foreign tourists. Revenue from our licensed casinos in Entertainment City, Clark, Metro Manila, Cebu, and Fiesta casinos in Rizon is projected to contribute PHP257 billion ($4.6 billion) to our GGR in 2024,” noted Tengco.

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“Meanwhile, e-casinos, e-bingo, and sports betting together are expected to contribute PHP61.7 billion pesos ($1.1 billion) to the 2024 GGR, making it the fastest-growing sector in recent years.”

\n\n\n\n

Tengco emphasized that the sustainable growth of the country’s gaming sector is anchored in three major factors: the opening of more integrated resorts, the strong performance of the electronic gaming sector, and the privatization of PAGCOR-operated casinos.

\n", "content_text": "*In Manila\n\n\n\nThe Philippines will become the second largest gaming market in the Asia-Pacific sphere in the near and middle term, only surpassed by Macau, the country’s gaming regulator announced today.\n\n\n\nIn a State of the Industry Address held today at the opening of the 6th ASEAN Gaming Summit, Alejandro H. Tengco, Chairman and CEO of PAGCOR, the country’s gaming operator/regulator asserted that privatization and regulatory reforms should position the country ahead of Singapore.\n\n\n\nMacau gross gaming revenue (GGR) reached MOP180 billion ($22.3 billion) in 2023, with Tengco estimating that Singapore\u2019s annual GGR was roughly $6 billion, an amount he believes the Philippines can surpass.\n\n\n\nSingapore doesn’t publish official GGR figures, with its gaming revenue generated by its two gaming licensees, Resorts World Sentosa, operated by Genting Singapore Ltd; and Marina Bay Sands, run by a unit of Las Vegas Sands Corp.\n\n\n\nThe Philippines ended last year with a record of approximately $5.1 billion, representing an 11 percent increase from the previous year and surpassing pre-pandemic figures.\n\n\n\nMeanwhile, PAGCOR anticipates gross gaming revenue to soar to a new high of PHP336 billion (US$6.1 billion) this year, on the back of the privatisation of its publically operate casinos and further regulatory improvements.\n\n\n\nAs the public gaming operator and watchdog, PAGCOR regulates commercial casinos across the country, including special economic areas like the Clark Freeport Zone in Central Luzon, while also operating casinos on behalf of the state under the Casino Filipino brand.\n\n\n\n“We expect gaming revenue to sustain growth both this year and beyond, driven by increased entertainment options for both local and foreign tourists. Revenue from our licensed casinos in Entertainment City, Clark, Metro Manila, Cebu, and Fiesta casinos in Rizon is projected to contribute PHP257 billion ($4.6 billion) to our GGR in 2024,” noted Tengco.\n\n\n\n“Meanwhile, e-casinos, e-bingo, and sports betting together are expected to contribute PHP61.7 billion pesos ($1.1 billion) to the 2024 GGR, making it the fastest-growing sector in recent years.”\n\n\n\nTengco emphasized that the sustainable growth of the country’s gaming sector is anchored in three major factors: the opening of more integrated resorts, the strong performance of the electronic gaming sector, and the privatization of PAGCOR-operated casinos.", "date_published": "March 19, 2024", "date_modified": "March 19, 2024 - 23:50", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/03/philippines.jpeg", "tags": [ "Gaming", "Macau", "MNA", "MNA Featured" ], "summary": "The Philippines will become the second largest gaming market in the Asia-Pacific sphere in the near and middle term, only surpassed by Macau, the country's gaming regulator announced today." }, { "id": "https://www.macaubusiness.com/6th-asean-gaming-summit-to-kick-off-on-march-19/", "url": "https://www.macaubusiness.com/6th-asean-gaming-summit-to-kick-off-on-march-19/", "title": "6th ASEAN Gaming Summit to kick off this Tuesday", "content_html": "\"\"\n

The 6th edition of the ASEAN Gaming Summit will take place between March 19 and 21 in Manila, with a lineup of speakers that includes Alejandro H. Tengco, Chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), and Thomas Arasi, President and Chief Operating Officer of Bloomberry Resorts Corp.

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Tengco will kick off the Summit at the Shangri-La The Fort on March 19 with a State of the Industry Opening Address shedding light on the current landscape of the gaming industry.

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Following Tengco’s address, Thomas Arasi will take the stage to deliver the ASEAN Gaming Summit 2024 Keynote address, to discuss the upcoming opening of Solaire Resort North, the latest venture by Bloomberry Resorts Corp., slated for late May in Quezon City.

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A major highlight of the summit’s program is the C-Level panel, moderated by Alex Leese, CEO of Pronet Gaming.

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This panel will feature industry experts Michael Charlton, Asia Pacific Director of Entain, and Simon Lidz\u00e9n, CEO of Fast Track, engaging in a candid discussion about the gaming industry’s outlook in Asia, with a spotlight on the Philippines.

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Continuing the focus on the Philippines, Hakan Dagtas, Chief Operating Officer of Newport World Resorts, will headline the operators\u2019 panel on Wednesday, March 20th. The panel will delve into the growth prospects of the Philippine gaming market, which holds a prominent position in the Asian gaming industry.

\n\n\n\n

The summit will also feature other sessions, including a fireside chat with Walter Power, CEO of The Grand Ho Tram Resort & Casino, and a presentation by Katrina Ponce Enrile, Administrator and CEO of CEZA, discussing the economic zone’s initiatives.

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Additionally, Evan Spytma, CEO of Hotel Stotsenberg, will explore the transformative opportunities presented by the Remote Gaming Licensees.

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The Asia Gaming Awards will also return for a second edition in the Philippines, with the ceremony held on March 20.

\n", "content_text": "The 6th edition of the ASEAN Gaming Summit will take place between March 19 and 21 in Manila, with a lineup of speakers that includes Alejandro H. Tengco, Chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), and Thomas Arasi, President and Chief Operating Officer of Bloomberry Resorts Corp.\n\n\n\nTengco will kick off the Summit at the Shangri-La The Fort on March 19 with a State of the Industry Opening Address shedding light on the current landscape of the gaming industry.\n\n\n\nFollowing Tengco’s address, Thomas Arasi will take the stage to deliver the ASEAN Gaming Summit 2024 Keynote address, to discuss the upcoming opening of Solaire Resort North, the latest venture by Bloomberry Resorts Corp., slated for late May in Quezon City.\n\n\n\nA major highlight of the summit’s program is the C-Level panel, moderated by Alex Leese, CEO of Pronet Gaming. \n\n\n\nThis panel will feature industry experts Michael Charlton, Asia Pacific Director of Entain, and Simon Lidz\u00e9n, CEO of Fast Track, engaging in a candid discussion about the gaming industry’s outlook in Asia, with a spotlight on the Philippines.\n\n\n\nContinuing the focus on the Philippines, Hakan Dagtas, Chief Operating Officer of Newport World Resorts, will headline the operators\u2019 panel on Wednesday, March 20th. The panel will delve into the growth prospects of the Philippine gaming market, which holds a prominent position in the Asian gaming industry.\n\n\n\nThe summit will also feature other sessions, including a fireside chat with Walter Power, CEO of The Grand Ho Tram Resort & Casino, and a presentation by Katrina Ponce Enrile, Administrator and CEO of CEZA, discussing the economic zone’s initiatives. \n\n\n\nAdditionally, Evan Spytma, CEO of Hotel Stotsenberg, will explore the transformative opportunities presented by the Remote Gaming Licensees.\n\n\n\nThe Asia Gaming Awards will also return for a second edition in the Philippines, with the ceremony held on March 20.", "date_published": "March 18, 2024", "date_modified": "March 18, 2024 - 22:14", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/03/ASEAN-Gaming-Summit.png", "tags": [ "Gaming", "International", "Macau", "MNA" ], "summary": "The 6th edition of the ASEAN Gaming Summit will take place between March 19 and 21 in Manila, with a lineup of speakers that includes Alejandro H. Tengco, Chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), and Thomas Arasi, President and Chief Operating Officer of Bloomberry Resorts Corp." }, { "id": "https://www.macaubusiness.com/bnu-contributed-32-pct-of-cgds-international-results-in-2023/", "url": "https://www.macaubusiness.com/bnu-contributed-32-pct-of-cgds-international-results-in-2023/", "title": "BNU contributed 32 pct of CGD\u2019s international results in 2023", "content_html": "\"\"\n

Banco Nacional Ultramarino (BNU) made a considerable contribution to the net income reported by Portuguese public bank Caixa Geral de Dep\u00f3sito (CGD) in 2023.

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According to the CGD’s financial report, BNU contributed about 5 per cent, some 67 million euros ($73 million), to its parent company’s 1.2 billion euros in total income for last year.

\n\n\n\n

It also represented about a third of the 206 million euros in net income reported by CGD’s international entities, the highest value of this century the bank pointed out.

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BNU has recorded unaudited profits of MOP587.3 million (US$73.4 million) in 2023, marking a 62 per cent increase from the MOP224.5 million figure of 2022.

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The bank\u2019s financial performance in 2023 was driven by a MOP242.6 million or 31 per cent increase in net interest income, mainly due to interest rate hikes, a press release indicated

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Apart from BNU, the Portuguese banking group also operates branches in Angola, Brazil, Mozambique, Cape Verde and France.

\n\n\n\n

Banco Comercial e de Investimentos made the largest overseas contribution to CGD’s results, some 75 million euros.

\n", "content_text": "Banco Nacional Ultramarino (BNU) made a considerable contribution to the net income reported by Portuguese public bank Caixa Geral de Dep\u00f3sito (CGD) in 2023.\n\n\n\nAccording to the CGD’s financial report, BNU contributed about 5 per cent, some 67 million euros ($73 million), to its parent company’s 1.2 billion euros in total income for last year.\n\n\n\nIt also represented about a third of the 206 million euros in net income reported by CGD’s international entities, the highest value of this century the bank pointed out.\n\n\n\nBNU has recorded unaudited profits of MOP587.3 million (US$73.4 million) in 2023, marking a 62 per cent increase from the MOP224.5 million figure of 2022.\n\n\n\nThe bank\u2019s financial performance in 2023 was driven by a MOP242.6 million or 31 per cent increase in net interest income, mainly due to interest rate hikes, a press release indicated\n\n\n\nApart from BNU, the Portuguese banking group also operates branches in Angola, Brazil, Mozambique, Cape Verde and France.\n\n\n\nBanco Comercial e de Investimentos made the largest overseas contribution to CGD’s results, some 75 million euros.", "date_published": "March 17, 2024", "date_modified": "March 17, 2024 - 23:04", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/02/Capture-4.jpg", "tags": [ "Macau", "MNA", "MNA Featured" ], "summary": "Banco Nacional Ultramarino (BNU) made a considerable contribution to the net income reported by Portuguese public bank Caixa Geral de Dep\u00f3sito (CGD) in 2023." }, { "id": "https://www.macaubusiness.com/reducing-the-footprint/", "url": "https://www.macaubusiness.com/reducing-the-footprint/", "title": "Reducing the footprint", "content_html": "\"\"\n

The Macau Government announced recently its plan to help the SAR reach its peak carbon emissions volume before 2030, and \u2018almost\u2019 zero emissions by 2050 in line with national objectives. Although welcomed as an \u201cimportant step\u201d to reduce Macau\u2019s carbon footprint, environmentalists consider that the plan lacks ambition and focuses too much on best-case scenarios

\n\n\n\n

Nelson Moura

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To promote the work of reducing greenhouse gas emissions in Macau in line with the national “Dual Carbon Goal”, the Environmental Protection Bureau (DSPA) has concluded its “Long-Term Decarbonisation Strategy of Macau”. This strategy includes plans for electricity, land transport, energy conservation in buildings, clean energy substitution, and waste treatment, with the objective of encouraging all relevant sectors to consider the benefits of emission reduction when formulating policies and guiding the public to participate in promoting green social development.

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Macau has also been affected by climate change, including the increase in the average annual temperature, more frequent impacts of tropical cyclones, an increase in the number of extremely hot days, etc. 

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According to statistical data from the Meteorological and Geophysical Services Directorate (SMG), the average maximum temperature and average temperature over the years have been increasing. 

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Furthermore, between 1968 and 2022, Macau issued a total of 7 No. 10 typhoon signals, three of which were issued between 2017 and 2020, indicating that Macau has been more frequently affected by super typhoons in recent years and the corresponding number of storms and the number of recorded floods also increased compared to previous periods.

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The DSPA stated that the Macao SAR Government has been actively promoting work on climate change, having in 2011 set the target of reducing the carbon emission rate by 40-45 per cent in 2020 when compared to 2005, a target said to have been achieved.

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At the seventy-fifth session of the United Nations General Assembly, President Xi Jinping announced that China will sharply increase its nationally determined contributions, adopt more powerful policies and measures, strive to peak carbon dioxide emissions before 2030, and will strive to achieve carbon neutrality before 2060. 

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To this end, the “Second Five-Year Plan for Socio-Economic Development of the Macau Special Administrative Region (2021-2025)” proposes to do a good job towards peak carbon and carbon neutrality, and presents the objective of the effort to reach peak carbon by 2030 or before.

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At the same time, it looks to promote deep decarbonisation in the two main carbon emission areas of electricity and land transport to achieve near-zero emissions by 2050.

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\u201cIt is unlikely that the outlined objectives will be achieved. The forecast is made for 2035 and 2050, and the calculations were based on the data we have today. Tomorrow we will have other data that did not enter today’s equation\u201d \u2013 Gilberto Camacho, environmentalist

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Building a new energy system 

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Currently, Macau’s tertiary industry represents more than 90 per cent of the total carbon emissions, with industry and construction accounting for less than 10 per cent. 

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In the area of electricity, the purchase of electricity abroad in Macau accounted for about 90 per cent of Macau’s total electricity volume in recent years.

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\u201cAlthough it has advantages in promoting decarbonisation, it is necessary to build a new energy system and change people’s original lifestyle and, it is still necessary to overcome limitations in many aspects,\u201d the report points out.

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If indirect emissions from purchasing electricity outside Macau are also considered, the estimated volume of local carbon emissions represents about 40 per cent of total emissions, and the estimated carbon emissions from purchasing electricity outside Macau represent about 60 per cent. 

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Divided into sectors, electricity represents around 70 per cent of total emissions, land transport represents 13 per cent and the use of other fuels and waste treatment represents 16 per cent of the remaining emissions.

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The plan\u2019s six main strategies include: building a low-carbon energy system; green transformation of land transport; energy conservation and clean energy substitution; source reduction of waste, transformation of waste into energy; public collectively practices low-carbon living; technological innovation and regional cooperation.

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\u201cBy strengthening the promotion of public participation in energy conservation and waste reduction, actively implementing transformation and deep emission reduction in the electricity and land transport sectors, as well as exploring the application of new technologies, among other measures, it is expected to achieve carbon peak and carbon neutrality in Macau,\u201d the report adds.

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\u201cAlthough it has advantages in promoting decarbonization, it is necessary to build a new energy system and change people’s original lifestyle and, it is still necessary to overcome limitations in many aspects\u201d – “Long-Term Decarbonization Strategy of Macau” Report

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Wishful thinking\u2019

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In comments to Macau Business, Gilberto Camacho, a local environmental advocate, points out that the announced decarbonisation strategy is a \u201cwelcome step\u201d forward towards adopting a sustainable lifestyle for the planet. 

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\u201cHowever, it is unlikely that the outlined objectives will be achieved. The forecast is made for 2035 and 2050, and the calculations were based on the data we have today. Tomorrow we will have other data that did not enter today’s equation,\u201d Camacho warns. 

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For the environmentalist, making predictions so many years ahead, it is most likely that they will turn out to be inaccurate since there are external factors that will happen by then and that will delay the outlined goals. 

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\u201cTake the example of Germany, which, due to the war between Russia and Ukraine, was forced to resort back to using highly polluting coal in its power plants in order to keep its homes warm during the harsh winter,\u201d he points out.

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\u201cThe predictions made by the authorities in Macau are for a \u2018best case scenario,\u2019 and even then, I doubt that the goals will be met\u201d.

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Electrifying the streets

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One of the strategies taken by the government to reduce the overall carbon emission level of vehicles, is promoting the use of electric vehicles, be it in the public or private sectors.

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Some of the measures have included providing tax incentives and launching the Plan for granting financial support for the removal of obsolete motorcycles and their replacement with new electric motorcycles.

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Others include reserving electricity charging capacity and infrastructure for all parking spaces in new public parking lots and new public buildings; promoting the addition of electricity charging facilities in public parking lots in the old neighbourhoods by the end of 2022, with more than 2,000 public electricity charging stations for light vehicles and 500 electricity charging stations for electric motorcycles and mopeds having already been installed in public car parks.

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Hotel and entertainment companies have also been incentivised to use new energy vehicles to transport passengers, with the use of renewable energy shuttle buses for tourists highlighted.

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Macau\u2019s two public bus service providers, TCM and Transmac, have pledged to update most of their fleet with green buses in 2024.

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The largest bus operator, TCM, pledged to convert 95 percent of its fleet to new energy buses, with Transmac promising that the company will be operating with only green buses.

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At the same time, the government has launched the second phase of its two schemes to grant financial support to individuals who intend to either scrap their old diesel-powered vehicles or replace their petrol-powered motorcycles with an electric one. 

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The new phase of both initiatives was launched in June 2023, with the first round of applications due to end on May 31, 2024. The second round is scheduled to last between 1 June 2024 to 31 May 2025. 

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Under the first application period of the diesel-powered vehicle scrapping scheme, people who own diesel vehicles registered on or before December 31, 2008, are eligible for a grant of up to MOP 155,000 if they deregister their vehicles and remove them from the city. 

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As for the motorcycle replacement programme, applicants with a bike registered on or before December 31, 2010 are eligible for a scrapping grant of up to MOP8,800.

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\u201cThe authorities should be more determined and aggressive in implementing sustainable measures for the environment. Macau is a small city and has all the conditions to be a pioneer in this field\u201d – \u2013 Gilberto Camacho, environmentalist

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The case for bolder moves

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According to Transport Bureau data, as of the end of 2023, there were 8.131 vehicles moved by renewable energies in Macau streets, a mere 3.2 per cent of the total.

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\u201cI have noticed a greater presence of electric vehicles on the roads of Macau, year after year. That is, vehicles that were once powered by gasoline/diesel are now electric. For me, it is a step forward towards sustainability,\u201d Camacho tells MB. 

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However, the activist notes that there is still much to be done, and raises questions over the possible growth of EVs in the city. 

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\u201cWhere do the car batteries go when they reach the end of their life? Why is the circulation of vehicles that emit gases exceeding minimally acceptable standards for public health still allowed on the roads of Macau?\u201d he points out.

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For Camacho, there should also be a focus on pedestrianising the city and reducing the number of overall vehicles on the streets.

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The number of vehicles in the city has continued to grow, going from about 240,000 in 2016 to 251,000 by 2023, DSAT data shows.

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\u201cDue to the size of the city, on some streets in the city centre, only pedestrians, bicycles, and some government vehicles, police, firefighters, and ambulances should be allowed,\u201d he adds.

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\u201cI think that in this chapter, we have much more to learn from our neighbours than from the neighbourhood itself, notably Hong Kong. On the mainland, we have also seen a gradual replacement of gasoline-powered vehicles by electric vehicles.\u201d

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The environmentalist underlined that pioneering projects in this area around the world are plentiful, and Macau should be more determined and assertive in implementing them.

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\u201cThe authorities should be more determined and aggressive in implementing sustainable measures for the environment. Macau is a small city and has all the conditions to be a pioneer in this field. It will be a pride for Macau and consequently a pride for China,\u201d he concluded.

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Eco-island or garbage dump?

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Other government proposals have not been so well received, including a recent proposal to build a so-called \u201cecological island\u201d from construction refuse, near Hac Sa Beach.

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The Environmental Protection Bureau \u2019s environmental planning director Ng Si Io stated that the island – which mirrors Singapoire Semakau Landfill – could be used for waste disposal for at least 20 years, and would be transformed into a \u201cmultifunctional public space\u201d and an \u201curban green lung.\u201d 

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The construction of an ecological island is foreseen in the current consultation document on the \u201cFunctional Maritime Zoning\u201d and \u201cMaritime Areas Plan\u201d, launched by the Maritime Affairs Bureau (DSAMA)

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The president of a local environmental group, Green Future, Un Ka Hot, said he agreed with the plan in principle, but hoped it wouldn’t create the \u201cmindset that having an ecological island means we can generate unlimited waste\u201d

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The proposal led environmentalist Joe Chan to launch an online petition to defend Macau’s marine ecosystems, requesting in particular the suspension of the ecological island project.

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In the petition – entitled \u2018Stop landfilling our ocean\u2019 on Change.org website – the Green Students Union President states that this plan \u201cwill definitely harm marine ecosystems, worsen the pollution of water quality on beaches, which is dangerous for the health of bathers and water sportspeople, and will also destroy the habitat of rare pink dolphins\u201d.

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Joe Chan also lamented the fact that the Government only provides 50 days for public consultation on the policy that \u201cimplies permanent damage to precious marine resources\u201d, and that, at the same time, the policy does not suggest any scientific data or have an environmental impact assessment. 

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\u201cIf we remain silent today, our ocean will remain silent in the future, and we will be left with a lifeless sea and beaches full of rubbish\u201d, lamented the environmentalist.

\n", "content_text": "The Macau Government announced recently its plan to help the SAR reach its peak carbon emissions volume before 2030, and \u2018almost\u2019 zero emissions by 2050 in line with national objectives. Although welcomed as an \u201cimportant step\u201d to reduce Macau\u2019s carbon footprint, environmentalists consider that the plan lacks ambition and focuses too much on best-case scenarios\n\n\n\nNelson Moura\n\n\n\n\n\n\n\nTo promote the work of reducing greenhouse gas emissions in Macau in line with the national “Dual Carbon Goal”, the Environmental Protection Bureau (DSPA) has concluded its “Long-Term Decarbonisation Strategy of Macau”. This strategy includes plans for electricity, land transport, energy conservation in buildings, clean energy substitution, and waste treatment, with the objective of encouraging all relevant sectors to consider the benefits of emission reduction when formulating policies and guiding the public to participate in promoting green social development.\n\n\n\nMacau has also been affected by climate change, including the increase in the average annual temperature, more frequent impacts of tropical cyclones, an increase in the number of extremely hot days, etc. \n\n\n\nAccording to statistical data from the Meteorological and Geophysical Services Directorate (SMG), the average maximum temperature and average temperature over the years have been increasing. \n\n\n\nFurthermore, between 1968 and 2022, Macau issued a total of 7 No. 10 typhoon signals, three of which were issued between 2017 and 2020, indicating that Macau has been more frequently affected by super typhoons in recent years and the corresponding number of storms and the number of recorded floods also increased compared to previous periods.\n\n\n\nThe DSPA stated that the Macao SAR Government has been actively promoting work on climate change, having in 2011 set the target of reducing the carbon emission rate by 40-45 per cent in 2020 when compared to 2005, a target said to have been achieved.\n\n\n\nAt the seventy-fifth session of the United Nations General Assembly, President Xi Jinping announced that China will sharply increase its nationally determined contributions, adopt more powerful policies and measures, strive to peak carbon dioxide emissions before 2030, and will strive to achieve carbon neutrality before 2060. \n\n\n\nTo this end, the “Second Five-Year Plan for Socio-Economic Development of the Macau Special Administrative Region (2021-2025)” proposes to do a good job towards peak carbon and carbon neutrality, and presents the objective of the effort to reach peak carbon by 2030 or before.\n\n\n\nAt the same time, it looks to promote deep decarbonisation in the two main carbon emission areas of electricity and land transport to achieve near-zero emissions by 2050.\n\n\n\n \u201cIt is unlikely that the outlined objectives will be achieved. The forecast is made for 2035 and 2050, and the calculations were based on the data we have today. Tomorrow we will have other data that did not enter today’s equation\u201d \u2013 Gilberto Camacho, environmentalist \n\n\n\n\n\n\n\nBuilding a new energy system \n\n\n\nCurrently, Macau’s tertiary industry represents more than 90 per cent of the total carbon emissions, with industry and construction accounting for less than 10 per cent. \n\n\n\nIn the area of electricity, the purchase of electricity abroad in Macau accounted for about 90 per cent of Macau’s total electricity volume in recent years.\n\n\n\n\u201cAlthough it has advantages in promoting decarbonisation, it is necessary to build a new energy system and change people’s original lifestyle and, it is still necessary to overcome limitations in many aspects,\u201d the report points out.\n\n\n\nIf indirect emissions from purchasing electricity outside Macau are also considered, the estimated volume of local carbon emissions represents about 40 per cent of total emissions, and the estimated carbon emissions from purchasing electricity outside Macau represent about 60 per cent. \n\n\n\nDivided into sectors, electricity represents around 70 per cent of total emissions, land transport represents 13 per cent and the use of other fuels and waste treatment represents 16 per cent of the remaining emissions.\n\n\n\nThe plan\u2019s six main strategies include: building a low-carbon energy system; green transformation of land transport; energy conservation and clean energy substitution; source reduction of waste, transformation of waste into energy; public collectively practices low-carbon living; technological innovation and regional cooperation.\n\n\n\n\u201cBy strengthening the promotion of public participation in energy conservation and waste reduction, actively implementing transformation and deep emission reduction in the electricity and land transport sectors, as well as exploring the application of new technologies, among other measures, it is expected to achieve carbon peak and carbon neutrality in Macau,\u201d the report adds.\n\n\n\n \u201cAlthough it has advantages in promoting decarbonization, it is necessary to build a new energy system and change people’s original lifestyle and, it is still necessary to overcome limitations in many aspects\u201d – “Long-Term Decarbonization Strategy of Macau” Report \n\n\n\n\n\n\n\nWishful thinking\u2019\n\n\n\nIn comments to Macau Business, Gilberto Camacho, a local environmental advocate, points out that the announced decarbonisation strategy is a \u201cwelcome step\u201d forward towards adopting a sustainable lifestyle for the planet. \n\n\n\n\u201cHowever, it is unlikely that the outlined objectives will be achieved. The forecast is made for 2035 and 2050, and the calculations were based on the data we have today. Tomorrow we will have other data that did not enter today’s equation,\u201d Camacho warns. \n\n\n\nFor the environmentalist, making predictions so many years ahead, it is most likely that they will turn out to be inaccurate since there are external factors that will happen by then and that will delay the outlined goals. \n\n\n\n\u201cTake the example of Germany, which, due to the war between Russia and Ukraine, was forced to resort back to using highly polluting coal in its power plants in order to keep its homes warm during the harsh winter,\u201d he points out.\n\n\n\n\u201cThe predictions made by the authorities in Macau are for a \u2018best case scenario,\u2019 and even then, I doubt that the goals will be met\u201d.\n\n\n\nElectrifying the streets\n\n\n\n\n\n\n\nOne of the strategies taken by the government to reduce the overall carbon emission level of vehicles, is promoting the use of electric vehicles, be it in the public or private sectors.\n\n\n\nSome of the measures have included providing tax incentives and launching the Plan for granting financial support for the removal of obsolete motorcycles and their replacement with new electric motorcycles.\n\n\n\nOthers include reserving electricity charging capacity and infrastructure for all parking spaces in new public parking lots and new public buildings; promoting the addition of electricity charging facilities in public parking lots in the old neighbourhoods by the end of 2022, with more than 2,000 public electricity charging stations for light vehicles and 500 electricity charging stations for electric motorcycles and mopeds having already been installed in public car parks.\n\n\n\nHotel and entertainment companies have also been incentivised to use new energy vehicles to transport passengers, with the use of renewable energy shuttle buses for tourists highlighted.\n\n\n\nMacau\u2019s two public bus service providers, TCM and Transmac, have pledged to update most of their fleet with green buses in 2024.\n\n\n\nThe largest bus operator, TCM, pledged to convert 95 percent of its fleet to new energy buses, with Transmac promising that the company will be operating with only green buses.\n\n\n\nAt the same time, the government has launched the second phase of its two schemes to grant financial support to individuals who intend to either scrap their old diesel-powered vehicles or replace their petrol-powered motorcycles with an electric one. \n\n\n\nThe new phase of both initiatives was launched in June 2023, with the first round of applications due to end on May 31, 2024. The second round is scheduled to last between 1 June 2024 to 31 May 2025. \n\n\n\nUnder the first application period of the diesel-powered vehicle scrapping scheme, people who own diesel vehicles registered on or before December 31, 2008, are eligible for a grant of up to MOP 155,000 if they deregister their vehicles and remove them from the city. \n\n\n\nAs for the motorcycle replacement programme, applicants with a bike registered on or before December 31, 2010 are eligible for a scrapping grant of up to MOP8,800.\n\n\n\n \u201cThe authorities should be more determined and aggressive in implementing sustainable measures for the environment. Macau is a small city and has all the conditions to be a pioneer in this field\u201d – \u2013 Gilberto Camacho, environmentalist \n\n\n\nThe case for bolder moves\n\n\n\nAccording to Transport Bureau data, as of the end of 2023, there were 8.131 vehicles moved by renewable energies in Macau streets, a mere 3.2 per cent of the total.\n\n\n\n\u201cI have noticed a greater presence of electric vehicles on the roads of Macau, year after year. That is, vehicles that were once powered by gasoline/diesel are now electric. For me, it is a step forward towards sustainability,\u201d Camacho tells MB. \n\n\n\nHowever, the activist notes that there is still much to be done, and raises questions over the possible growth of EVs in the city. \n\n\n\n\u201cWhere do the car batteries go when they reach the end of their life? Why is the circulation of vehicles that emit gases exceeding minimally acceptable standards for public health still allowed on the roads of Macau?\u201d he points out.\n\n\n\nFor Camacho, there should also be a focus on pedestrianising the city and reducing the number of overall vehicles on the streets.\n\n\n\nThe number of vehicles in the city has continued to grow, going from about 240,000 in 2016 to 251,000 by 2023, DSAT data shows.\n\n\n\n\u201cDue to the size of the city, on some streets in the city centre, only pedestrians, bicycles, and some government vehicles, police, firefighters, and ambulances should be allowed,\u201d he adds.\n\n\n\n\u201cI think that in this chapter, we have much more to learn from our neighbours than from the neighbourhood itself, notably Hong Kong. On the mainland, we have also seen a gradual replacement of gasoline-powered vehicles by electric vehicles.\u201d\n\n\n\nThe environmentalist underlined that pioneering projects in this area around the world are plentiful, and Macau should be more determined and assertive in implementing them.\n\n\n\n\u201cThe authorities should be more determined and aggressive in implementing sustainable measures for the environment. Macau is a small city and has all the conditions to be a pioneer in this field. It will be a pride for Macau and consequently a pride for China,\u201d he concluded.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEco-island or garbage dump?\n\n\n\nOther government proposals have not been so well received, including a recent proposal to build a so-called \u201cecological island\u201d from construction refuse, near Hac Sa Beach.\n\n\n\nThe Environmental Protection Bureau \u2019s environmental planning director Ng Si Io stated that the island – which mirrors Singapoire Semakau Landfill – could be used for waste disposal for at least 20 years, and would be transformed into a \u201cmultifunctional public space\u201d and an \u201curban green lung.\u201d \n\n\n\nThe construction of an ecological island is foreseen in the current consultation document on the \u201cFunctional Maritime Zoning\u201d and \u201cMaritime Areas Plan\u201d, launched by the Maritime Affairs Bureau (DSAMA)\n\n\n\nThe president of a local environmental group, Green Future, Un Ka Hot, said he agreed with the plan in principle, but hoped it wouldn’t create the \u201cmindset that having an ecological island means we can generate unlimited waste\u201d\n\n\n\nThe proposal led environmentalist Joe Chan to launch an online petition to defend Macau’s marine ecosystems, requesting in particular the suspension of the ecological island project.\n\n\n\n\n\n\n\nIn the petition – entitled \u2018Stop landfilling our ocean\u2019 on Change.org website – the Green Students Union President states that this plan \u201cwill definitely harm marine ecosystems, worsen the pollution of water quality on beaches, which is dangerous for the health of bathers and water sportspeople, and will also destroy the habitat of rare pink dolphins\u201d.\n\n\n\nJoe Chan also lamented the fact that the Government only provides 50 days for public consultation on the policy that \u201cimplies permanent damage to precious marine resources\u201d, and that, at the same time, the policy does not suggest any scientific data or have an environmental impact assessment. \n\n\n\n\u201cIf we remain silent today, our ocean will remain silent in the future, and we will be left with a lifeless sea and beaches full of rubbish\u201d, lamented the environmentalist.", "date_published": "March 17, 2024", "date_modified": "March 22, 2024 - 23:36", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/03/Ozone_DSC05991a.jpg", "tags": [ "Macau", "Macau Business", "MAG", "MAG Featured", "MB", "MB Featured" ], "summary": "The Government announced plans to help the SAR reach peak carbon emissions before 2030 and 'almost' zero emissions by 2050. While welcomed as an \"important step\", environmentalists find the plan lacking ambition, focusing too much on best-case scenarios" }, { "id": "https://www.macaubusiness.com/thai-cambodia-airlines-to-establish-new-routes-via-macau-airport/", "url": "https://www.macaubusiness.com/thai-cambodia-airlines-to-establish-new-routes-via-macau-airport/", "title": "Thai, Cambodia airlines to establish new routes via Macau airport", "content_html": "\"\"\n

Thai airline Really Cool Airlines of Thailand and AirAsia Cambodia to add to Southeast Asia routes operating from the Macau International Airport.

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In a recent statement, the company responsible for operating MIA indicated that Really Cool Airlines of Thailand will start operating routes between Thailand and Macau, while AirAsia Cambodia has confirmed operating a Phnom Penh-Macau route.

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Founded in March 2023, Really Cool Airlines expects to receive its Thai air operator’s certificate in the first quarter of 2024 and to launch operations in the second quarter.

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A delegation from the Macau airport attended the Route Development Forum for Asia held from 27th to 29th February 2024 in Malaysia, to establish contacts and seek new opportunities for co-operation.

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As of February 2024, MIA operated 213 round-trip flights per week to 18 cities in Southeast Asia and Northeast Asia, with the airport operator noting that airline operations have returned to about 40 per cent of the pre-pandemic level.

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The overall passenger volume has also exceeded 600,000 for the first time after the pandemic.

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The airport operating company also noted that representatives from Nepalese and Sri Lankan Airlines were interested in the Macau market and hoped to develop charter flights to and from Macau in the fourth quarter of 2024.

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Meanwhile, Turkish Airlines, which previously held discussions to establish routes between Europe and Macau, has also expressed its interest in the Macau market and its willingness to cooperate with other airlines to develop the market.

\n", "content_text": "Thai airline Really Cool Airlines of Thailand and AirAsia Cambodia to add to Southeast Asia routes operating from the Macau International Airport.\n\n\n\nIn a recent statement, the company responsible for operating MIA indicated that Really Cool Airlines of Thailand will start operating routes between Thailand and Macau, while AirAsia Cambodia has confirmed operating a Phnom Penh-Macau route.\n\n\n\nFounded in March 2023, Really Cool Airlines expects to receive its Thai air operator’s certificate in the first quarter of 2024 and to launch operations in the second quarter.\n\n\n\nA delegation from the Macau airport attended the Route Development Forum for Asia held from 27th to 29th February 2024 in Malaysia, to establish contacts and seek new opportunities for co-operation.\n\n\n\nAs of February 2024, MIA operated 213 round-trip flights per week to 18 cities in Southeast Asia and Northeast Asia, with the airport operator noting that airline operations have returned to about 40 per cent of the pre-pandemic level. \n\n\n\nThe overall passenger volume has also exceeded 600,000 for the first time after the pandemic.\n\n\n\nThe airport operating company also noted that representatives from Nepalese and Sri Lankan Airlines were interested in the Macau market and hoped to develop charter flights to and from Macau in the fourth quarter of 2024.\n\n\n\nMeanwhile, Turkish Airlines, which previously held discussions to establish routes between Europe and Macau, has also expressed its interest in the Macau market and its willingness to cooperate with other airlines to develop the market.", "date_published": "March 09, 2024", "date_modified": "March 09, 2024 - 22:23", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/03/Really-Cool-Airlines-1.jpeg", "tags": [ "International", "Macau", "MNA", "MNA Featured" ], "summary": "Thai airline Really Cool Airlines of Thailand and AirAsia Cambodia to add to Southeast Asia routes operating from the Macau International Airport." }, { "id": "https://www.macaubusiness.com/macau-liquor-retailer-epsium-enterprise-seeks-nasdaq-listing/", "url": "https://www.macaubusiness.com/macau-liquor-retailer-epsium-enterprise-seeks-nasdaq-listing/", "title": "Macau liquor retailer Epsium Enterprise seeks NASDAQ listing", "content_html": "\"\"\n

Macau liquor importer and retailer Epsium Enterprise Limited has submitted another initial public offering (IPO) application at NASDAQ to the U.S. Securities and Exchange Commission (SEC), intending to raise up to US$10 million.

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Epsium Enterprise, headquartered in Macau, was established in 2010, and imports and wholesales beverages through Companhia de Comercio Luz Limitada, an indirectly owned subsidiary incorporated under the laws of Macau.

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Luz is an import trader and wholesaler of primarily alcoholic beverages that operates only in Macau, importing and selling a broad range of premium beverages, primarily alcoholic beverages, to hotel-casinos, restaurants, and (food and alcoholic beverages distributors and liquor stores, and holding a 30 per cent market share of the Macau market.

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It sells mainly Chinese liquor, French cognac, Scottish whiskey, fine wine, Champagne, and other miscellaneous beverage alcohol, with Chinese liquor ‘by far’ its most significant operations, including famous Chinese liquor brands such as Moutai, Wuliangye, and Xijiu.

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The company submitted its latest formal listing application on February 23 to SEC via Epsium Enterprise Limited, a company registered in the British Virgin Islands, and plans to list in the Nasdaq with the stock code “EPSM.”

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The company has previously made attempts to list with NASDAQ, with this application the most recent.

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EEL expects the initial public offering to issue some 12 million ordinary shares, priced between US$4 and US$5\u00a0per ordinary share.

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The Macau-based company reported some US$18 million in net revenue in the first half of 2023, with US$3 million in net profit.

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The company structure is comprised of a British Virgin Island holding entity, Epsium BVI,a Hong Kong holding entity, Epsium HK, which is majority-owned by Epsium BVI, and its Macau operating entity, Luz Limitada, which is majority-owned by Epsium HK.

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Luz Limitada is 80 per cent owned by Epsium HK and 20 per cent owned by Son I Tam, the founder, CEO, CFO, Chairman, and principal shareholder of the group.

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According to the company, Tam has been in the alcoholic beverages distribution and wholesale business veteran for more than 15 years.

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‘Epsium HK is a holding company and does not conduct any substantive operations in Hong Kong except for facilitating inventory procurement in Hong Kong for our only operating subsidiary, which is in Macau,’ the company points out.

\n", "content_text": "Macau liquor importer and retailer Epsium Enterprise Limited has submitted another initial public offering (IPO) application at NASDAQ to the U.S. Securities and Exchange Commission (SEC), intending to raise up to US$10 million.\n\n\n\nEpsium Enterprise, headquartered in Macau, was established in 2010, and imports and wholesales beverages through Companhia de Comercio Luz Limitada, an indirectly owned subsidiary incorporated under the laws of Macau.\n\n\n\nLuz is an import trader and wholesaler of primarily alcoholic beverages that operates only in Macau, importing and selling a broad range of premium beverages, primarily alcoholic beverages, to hotel-casinos, restaurants, and (food and alcoholic beverages distributors and liquor stores, and holding a 30 per cent market share of the Macau market.\n\n\n\nIt sells mainly Chinese liquor, French cognac, Scottish whiskey, fine wine, Champagne, and other miscellaneous beverage alcohol, with Chinese liquor ‘by far’ its most significant operations, including famous Chinese liquor brands such as Moutai, Wuliangye, and Xijiu.\n\n\n\nThe company submitted its latest formal listing application on February 23 to SEC via Epsium Enterprise Limited, a company registered in the British Virgin Islands, and plans to list in the Nasdaq with the stock code “EPSM.”\n\n\n\nThe company has previously made attempts to list with NASDAQ, with this application the most recent.\n\n\n\nEEL expects the initial public offering to issue some 12 million ordinary shares, priced between US$4 and US$5\u00a0per ordinary share.\n\n\n\nThe Macau-based company reported some US$18 million in net revenue in the first half of 2023, with US$3 million in net profit.\n\n\n\nThe company structure is comprised of a British Virgin Island holding entity, Epsium BVI,a Hong Kong holding entity, Epsium HK, which is majority-owned by Epsium BVI, and its Macau operating entity, Luz Limitada, which is majority-owned by Epsium HK.\n\n\n\nLuz Limitada is 80 per cent owned by Epsium HK and 20 per cent owned by Son I Tam, the founder, CEO, CFO, Chairman, and principal shareholder of the group.\n\n\n\nAccording to the company, Tam has been in the alcoholic beverages distribution and wholesale business veteran for more than 15 years.\n\n\n\n‘Epsium HK is a holding company and does not conduct any substantive operations in Hong Kong except for facilitating inventory procurement in Hong Kong for our only operating subsidiary, which is in Macau,’ the company points out.", "date_published": "March 02, 2024", "date_modified": "March 02, 2024 - 13:31", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/03/Screenshot-2024-03-02-at-1.27.49%E2%80%AFPM.png", "tags": [ "Macau", "MNA", "MNA Featured" ], "summary": "Macau liquor importer and retailer Epsium Enterprise Limited submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to US$10 million." }, { "id": "https://www.macaubusiness.com/new-visa-policy-expands-tourism-opportunities-in-macau-ce/", "url": "https://www.macaubusiness.com/new-visa-policy-expands-tourism-opportunities-in-macau-ce/", "title": "New visa policy expands tourism opportunities in Macau \u2013 CE", "content_html": "\"\"\n

Chief Executive Ho Iat Seng thanked the Central Government for expanding the cities covered by individual visa policies, noting that it will help boost Macau’s tourism sector.

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On Friday the National Immigration Service announced that effective March 6, Xi’an City in Shaanxi Province and Qingdao City in Shandong Province will be integrated into the individual visa program, opening up new avenues for travelers from these cities to visit Hong Kong and Macau.

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For local authorities, this measure is a ‘pivotal moment’ in visa policies to facilitate tourism between mainland China and the Special Administrative Regions of Hong Kong and Macau.

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In response to this development, the MSAR Government pledges continuous efforts to enhance tourist resources and hospitality capacity in collaboration with relevant sectors.

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These efforts will include improving border entry and exit measures, customs clearance, and transit facilities to ensure a seamless experience for visitors to Macau.

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Moreover, the integration of Xi’an and Qingdao into the “individual visa” program is expected to bolster the sustainable development of Macau’s tourism sector.

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‘The MSAR Government is dedicated to enriching the overall tourist experience by investing in human resources and enhancing various tourist infrastructures,’ a Chief Executive dispatch read.

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Chief Executive Ho Iat Seng thanked the National Immigration Service and relevant ministries for their support in advancing Macau’s tourism sector, and emphasized the importance of continuous exchange and cooperation to create a more favorable environment for mainland Chinese visitors traveling to Macau.

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‘Since the implementation of the “individual visa” policy in 2003, there has been a steady increase in the number of visitors from mainland China to Macau. This growth has played a crucial role in driving the sustainable development of Macau’s tourism sector and its economy,’ the local administration stated.

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‘The expansion of the “individual visa” program to include Xi’an and Qingdao reflects the ongoing efforts to promote tourism growth and enhance regional integration, further solidifying Macau’s position as a key player in the national development landscape.’

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Meanwhile, Macao Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes stated it hoped that the measure would help increase the number of air connections between Macau and the two cities.

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At the moment the connections already exist, but they could increase, Fernandes said according to reports by Macao Daily News.

\n", "content_text": "Chief Executive Ho Iat Seng thanked the Central Government for expanding the cities covered by individual visa policies, noting that it will help boost Macau’s tourism sector.\n\n\n\nOn Friday the National Immigration Service announced that effective March 6, Xi’an City in Shaanxi Province and Qingdao City in Shandong Province will be integrated into the individual visa program, opening up new avenues for travelers from these cities to visit Hong Kong and Macau.\n\n\n\nFor local authorities, this measure is a ‘pivotal moment’ in visa policies to facilitate tourism between mainland China and the Special Administrative Regions of Hong Kong and Macau.\n\n\n\nIn response to this development, the MSAR Government pledges continuous efforts to enhance tourist resources and hospitality capacity in collaboration with relevant sectors. \n\n\n\nThese efforts will include improving border entry and exit measures, customs clearance, and transit facilities to ensure a seamless experience for visitors to Macau.\n\n\n\nMoreover, the integration of Xi’an and Qingdao into the “individual visa” program is expected to bolster the sustainable development of Macau’s tourism sector. \n\n\n\n‘The MSAR Government is dedicated to enriching the overall tourist experience by investing in human resources and enhancing various tourist infrastructures,’ a Chief Executive dispatch read.\n\n\n\nChief Executive Ho Iat Seng thanked the National Immigration Service and relevant ministries for their support in advancing Macau’s tourism sector, and emphasized the importance of continuous exchange and cooperation to create a more favorable environment for mainland Chinese visitors traveling to Macau.\n\n\n\n‘Since the implementation of the “individual visa” policy in 2003, there has been a steady increase in the number of visitors from mainland China to Macau. This growth has played a crucial role in driving the sustainable development of Macau’s tourism sector and its economy,’ the local administration stated.\n\n\n\n‘The expansion of the “individual visa” program to include Xi’an and Qingdao reflects the ongoing efforts to promote tourism growth and enhance regional integration, further solidifying Macau’s position as a key player in the national development landscape.’\n\n\n\nMeanwhile, Macao Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes stated it hoped that the measure would help increase the number of air connections between Macau and the two cities.\n\n\n\nAt the moment the connections already exist, but they could increase, Fernandes said according to reports by Macao Daily News.", "date_published": "February 26, 2024", "date_modified": "February 26, 2024 - 16:33", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/photos-tourists-Macau.jpg", "tags": [ "Macau", "MNA", "MNA Featured" ], "summary": "Chief Executive Ho Iat Seng thanked the Central Government for expanding the cities covered by individual visa policies, noting that it will help boost Macau's tourism sector." }, { "id": "https://www.macaubusiness.com/artyzen-habitat-hengqin-zhuhai-to-open-in-march/", "url": "https://www.macaubusiness.com/artyzen-habitat-hengqin-zhuhai-to-open-in-march/", "title": "Artyzen Habitat Hengqin Zhuhai to open in March", "content_html": "\"\"\n

The new Artyzen Habitat Hengqin Zhuhai offering 230 guestrooms is scheduled to open in March of this year, the property’s website indicates.

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The hotel is adjacent to the Hengqin Port and included in the Shun Tak Hengqin Port Commercial Centre, and will also connected to the Zhuhai Jinwan Airport, Zhuhai Railway Station, and Chimelong Ocean Kingdom via the Hengqin metro line.

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Artyzen Hospitality Group Limited is a wholly-owned subsidiary of Shun Tak Holdings Limited, headed by Pansy Ho.

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The hotel is part of Shun Tak’s Hengqin Integrated Development, which aside from the new hotel also offers 426 residential units, 42,300 square meters of Grade A office space, and a 43,000-square-meter shopping mall.

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The mall is expected to open in the third quarter of 2024, and pre-leasing is progressing as planned. To cater for local families and tourists, the mall will focus on a leisure-themed tenant mix with specialty and casual dining,’ Shun Tak stated in its 2023 financial report.

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Hengqin Integrated Development
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‘As of 30 June 2023, a total of 422 residential units were sold, of which 421 units were handed over to homebuyers. The remaining four show flats are expected to be
sold within 2023.’

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In 2023, the group opened new properties in mainland China, including Artyzen Habitat Suzhou, Artyzen Habitat Taopu Shanghai, Artyzen NEW BUND 31 in Shanghai, and Artyzen\u2019s first hotel outside Greater China, Artyzen Singapore.

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Artyzen Habitat Chongqing is scheduled to open later this year.

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According to Shun Tak’s financial report for 2023, by mid-year, it held HK$43 million ($5.4 million) in outstanding commitments for developing hotel properties in Singapore and Hengqin.

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In Macau, Artyzen Hospitality Group operates Artyzen Grand Lapa Macau and Grand Coloane Resort.

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\n", "content_text": "The new Artyzen Habitat Hengqin Zhuhai offering 230 guestrooms is scheduled to open in March of this year, the property’s website indicates.\n\n\n\nThe hotel is adjacent to the Hengqin Port and included in the Shun Tak Hengqin Port Commercial Centre, and will also connected to the Zhuhai Jinwan Airport, Zhuhai Railway Station, and Chimelong Ocean Kingdom via the Hengqin metro line.\n\n\n\nArtyzen Hospitality Group Limited is a wholly-owned subsidiary of Shun Tak Holdings Limited, headed by Pansy Ho.\n\n\n\nThe hotel is part of Shun Tak’s Hengqin Integrated Development, which aside from the new hotel also offers 426 residential units, 42,300 square meters of Grade A office space, and a 43,000-square-meter shopping mall.\n\n\n\nThe mall is expected to open in the third quarter of 2024, and pre-leasing is progressing as planned. To cater for local families and tourists, the mall will focus on a leisure-themed tenant mix with specialty and casual dining,’ Shun Tak stated in its 2023 financial report.\n\n\n\nHengqin Integrated Development\n\n\n\n‘As of 30 June 2023, a total of 422 residential units were sold, of which 421 units were handed over to homebuyers. The remaining four show flats are expected to besold within 2023.’\n\n\n\nIn 2023, the group opened new properties in mainland China, including Artyzen Habitat Suzhou, Artyzen Habitat Taopu Shanghai, Artyzen NEW BUND 31 in Shanghai, and Artyzen\u2019s first hotel outside Greater China, Artyzen Singapore.\n\n\n\nArtyzen Habitat Chongqing is scheduled to open later this year. \n\n\n\nAccording to Shun Tak’s financial report for 2023, by mid-year, it held HK$43 million ($5.4 million) in outstanding commitments for developing hotel properties in Singapore and Hengqin.\n\n\n\nIn Macau, Artyzen Hospitality Group operates Artyzen Grand Lapa Macau and Grand Coloane Resort.", "date_published": "February 25, 2024", "date_modified": "February 25, 2024 - 23:03", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/Screenshot-2024-02-24-at-4.17.23%E2%80%AFPM.png", "tags": [ "Hengqin", "Greater Bay", "Macau", "MNA", "MNA Featured" ], "summary": "The new Artyzen Habitat Hengqin Zhuhai offering 230 guestrooms is scheduled to open in March of this year, the property's website indicates." }, { "id": "https://www.macaubusiness.com/top-court-rejects-habeas-corpus-request-by-businessman-convicted-in-public-works-corruption-trial/", "url": "https://www.macaubusiness.com/top-court-rejects-habeas-corpus-request-by-businessman-convicted-in-public-works-corruption-trial/", "title": "Top court rejects habeas corpus request by businessman convicted in public works corruption trial", "content_html": "\"\"\n

The Court of Final Appeal (TUI in its portuguese acronym) has rejected a habeas corpus petition submitted by William Kuan Vai Lam, a key figure in a corruption case involving former Land, Public Works, and Transport Bureau officials.

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Having been detained since December 24, 2021, and initially sentenced on March 31, 2023, to 18 years in prison for various offenses including corruption, Kuan’s case underwent appeals resulting in a revised sentence of 5 years and 6 months by November 21, 2023.

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A Public Prosecutor’s appeal later left the case pending, with Kuan’s defense team arguing that the maximum two-year period of preventive detention had elapsed without a final judgment by December 24, 2023, and therefore filed for habeas corpus, seeking immediate release.

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However, his request was summarily rejected on the basis that the previous rulings had already addressed the commencement of his sentence, rendering the grounds for habeas corpus invalid.

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Kuan then appealed the rulings on his sentence and detention cessation, claiming illegality before the plenary session of the Court of Final Appeal.

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However, the Court emphasized that any illegality must be evident and directly verifiable based on facts, not subject to the writ of habeas corpus but rather ordinary appeals.

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Highlighting that habeas corpus isn’t suitable for challenging sentence counts, the Judge Panel noted that Kuan Vai Lam remained detained pending appeal decisions from lower courts.

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Since alternative avenues exist for reviewing detention legality, the Collective Court concluded that the exceptional habeas corpus provision was no longer applicable.

\n", "content_text": "The Court of Final Appeal (TUI in its portuguese acronym) has rejected a habeas corpus petition submitted by William Kuan Vai Lam, a key figure in a corruption case involving former Land, Public Works, and Transport Bureau officials.\n\n\n\nHaving been detained since December 24, 2021, and initially sentenced on March 31, 2023, to 18 years in prison for various offenses including corruption, Kuan’s case underwent appeals resulting in a revised sentence of 5 years and 6 months by November 21, 2023. \n\n\n\nA Public Prosecutor’s appeal later left the case pending, with Kuan’s defense team arguing that the maximum two-year period of preventive detention had elapsed without a final judgment by December 24, 2023, and therefore filed for habeas corpus, seeking immediate release.\n\n\n\nHowever, his request was summarily rejected on the basis that the previous rulings had already addressed the commencement of his sentence, rendering the grounds for habeas corpus invalid.\n\n\n\nKuan then appealed the rulings on his sentence and detention cessation, claiming illegality before the plenary session of the Court of Final Appeal. \n\n\n\nHowever, the Court emphasized that any illegality must be evident and directly verifiable based on facts, not subject to the writ of habeas corpus but rather ordinary appeals.\n\n\n\nHighlighting that habeas corpus isn’t suitable for challenging sentence counts, the Judge Panel noted that Kuan Vai Lam remained detained pending appeal decisions from lower courts.\n\n\n\nSince alternative avenues exist for reviewing detention legality, the Collective Court concluded that the exceptional habeas corpus provision was no longer applicable.", "date_published": "February 18, 2024", "date_modified": "February 18, 2024 - 23:22", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/william-kuan.jpeg", "tags": [ "Macau", "Macau", "MNA", "MNA Featured" ], "summary": "The Court of Final Appeal (TUI) has rejected a habeas corpus petition submitted by William Kuan Vai Lam, a key figure in a corruption case involving former Land, Public Works, and Transport Bureau officials." }, { "id": "https://www.macaubusiness.com/more-questions-than-answers-surround-espionage-arrest-in-hengqin/", "url": "https://www.macaubusiness.com/more-questions-than-answers-surround-espionage-arrest-in-hengqin/", "title": "More questions than answers surround espionage arrest in Hengqin", "content_html": "\"\"\n

After more than a month since a report revealed that a foreign national was detained for alleged espionage activities in Hengqin with the help of a Macau SAR public servant, very little has been revealed about the case.

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Despite repeated questions by Macau New Agency, no information on the nationality and activity of the detainee was revealed by Macau and Hengqin security and public departments.

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The arrest was first revealed on January 10th of this year, in a report by Chinese state television CCTV.

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According to a report from the Chinese broadcaster, a foreigner of undisclosed nationality was detained on suspicion of stealing information and engaging in espionage activities in Hengqin.

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This alleged spy reportedly took advantage of the simplified border crossing possibility in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin to gather information illegally.

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Since the report was disclosed, little else has been discovered about the case and the detained individual. According to the report, the person who denounced the alleged spy is a public servant from Macau, surnamed Lei, who works in the Cooperation Zone.

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Macau News Agency sent questions to various public departments in Macau and Hengqin, including police and public administration departments, inquiring whether more information about the case could be disclosed.

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So far, only one response has been provided, by the administration of the Cooperation Zone, indicating that the questions would be forwarded to the relevant departments.

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Regarding the suspect, the report only indicates that they work for a governmental department of a foreign country. This person, who appears to be male, is shown in the report from the back being interrogated; however, the nationality was not revealed.

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An employee of a Chinese national security agency provided comments anonymously in the CCTV report
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No official statement about the case has been issued by either the Chinese authorities or any foreign country that could confirm the suspect’s nationality.

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The report suggests that the suspect had invited this public servant from Macau to dinners and private meetings and to participate in cultural activities organized by foreign embassies.

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The suspect even supposedly offered its support to sponsor the informant’s studies abroad, according to statements from an employee of the Chinese national security agency to CCTV, who the station did not identify.

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“At the same time, this person actively asked her about the investigation and implementation of Hengqin’s policies and the Cooperation Zone, and frequently asked her for internal information under the pretext of conducting surveys and investigations,” added the official.

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According to security elements, this public servant found this behavior “strange” and reported the situation to the national security agency.

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The report continues to indicate that national security authorities discovered that the man used to cross the border regularly in the cooperation zone, “to enter the country frequently, to carry out espionage activities” and “to lure Macau residents in Hengqin through a network to take illegal photographs, posing a real danger to national security.\u201d

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Macau authorities in the dark

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\"\"
Secretary for Administration and Justice Andr\u00e9 Cheong indicated to have learned about the alleged espionage case in Hengqin through the media
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“I believe that whether it is the Macau SAR or the residents of the Macau SAR, or public servants when they are performing duties in Hengqin, they also need to obey the law,” Cheong pointed out, who is also the deputy permanent coordinator of the management committee of the In-depth Cooperation Zone.

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Secretary for Security Wong Sio Chak has yet to make any public comments on the arrest.

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A longtime Hengqin-based foreign businessman told MNA the issue is also a mystery for the business community in Zhuhai.

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“I don’t know how much of this story is true. If it’s true, the guy lacked finesse,” the businessman, who preferred to not be identified due to the sensitive nature of the issue told MNA.

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Despite questions being sent to the offices of the Secretaries for Administration and Justice and Security, and the police and public administration departments of Macau, no response was provided.

\n\n\n\n

When the development plan for the Guangdong-Macao In-Depth Cooperation Zone in Hengqin was first announced in 2021, it stipulated the area would encourage and support domestic and foreign investors to use RMB in cross\u2011border venture capital projects and related investment and trade.

\n\n\n\n

As part of these efforts, Chinese central authorities expressed in 2022 that a visa facilitation policy for foreigners would be enacted to foster progress and attract qualified professionals who could assist with the area’s development.

\n\n\n\n

Permanent residents of Macau of foreign nationalities would be eligible to apply for multiple-entry visas that are valid for five years, while non-permanent residents will be eligible to apply for multiple-entry visas that are valid for the validity of their Macau IDs.

\n\n\n\n

Specialized non-resident workers are also now eligible to apply for multiple-entry visas with a validity period of a year, while foreign visitors to Macau who need to visit Hengqin for convention and exhibition purposes will be eligible for multiple visas valid for three months.

\n\n\n\n

According to the security authorities featured in the CCTV report, the alleged spy operative made use of these cross-border policies to gather intelligence on the cooperation zone’s policies.

\n\n\n\n

However, it is not clear what kind of information collected was confidential, with most information on Hengqin policies available to the general public.

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Counter-Espionage changes

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The detention comes after changes made by the Ministry of Security of China to the country’s Counter-Espionage Law.

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In April, the country amended its Counter-Espionage Law to include “collaboration with espionage organizations and their agents” in the espionage category.

\n\n\n\n

The legislation now prohibits the transfer of any information related to national security and expanded the definition of espionage, as Chinese President Xi Jinping emphasizes the need to build a “new security architecture.”

\n\n\n\n

All “documents, data, material, and items related to national security and interests” are now under the same degree of protection as state secrets, according to the amendment.

\n\n\n\n

The Ministry of Security of China called for the mobilization of “the entire society” to “prevent and combat espionage” and announced a series of measures to “strengthen national defense” against “foreign intelligence activities.”

\n\n\n\n

The legislative change led to concerns from some multinational companies and the American Chamber of Commerce in the country that this decision could affect foreign investment confidence in the country.

\n\n\n\n

In response to the reactions, the Ministry of Security of China argued that the amendment to the counter-espionage law “does not affect normal business activities and legitimate investment and operations” of foreign companies in China. The Ministry also stated that the amendment made the law “more accurate, clear, and transparent,” which “reflects the progress of the Chinese legal system.”

\n", "content_text": "After more than a month since a report revealed that a foreign national was detained for alleged espionage activities in Hengqin with the help of a Macau SAR public servant, very little has been revealed about the case.\n\n\n\nDespite repeated questions by Macau New Agency, no information on the nationality and activity of the detainee was revealed by Macau and Hengqin security and public departments.\n\n\n\nThe arrest was first revealed on January 10th of this year, in a report by Chinese state television CCTV.\n\n\n\nAccording to a report from the Chinese broadcaster, a foreigner of undisclosed nationality was detained on suspicion of stealing information and engaging in espionage activities in Hengqin.\n\n\n\nThis alleged spy reportedly took advantage of the simplified border crossing possibility in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin to gather information illegally.\n\n\n\nSince the report was disclosed, little else has been discovered about the case and the detained individual. According to the report, the person who denounced the alleged spy is a public servant from Macau, surnamed Lei, who works in the Cooperation Zone.\n\n\n\nMacau News Agency sent questions to various public departments in Macau and Hengqin, including police and public administration departments, inquiring whether more information about the case could be disclosed.\n\n\n\nSo far, only one response has been provided, by the administration of the Cooperation Zone, indicating that the questions would be forwarded to the relevant departments.\n\n\n\nRegarding the suspect, the report only indicates that they work for a governmental department of a foreign country. This person, who appears to be male, is shown in the report from the back being interrogated; however, the nationality was not revealed.\n\n\n\nAn employee of a Chinese national security agency provided comments anonymously in the CCTV report\n\n\n\nNo official statement about the case has been issued by either the Chinese authorities or any foreign country that could confirm the suspect’s nationality.\n\n\n\nThe report suggests that the suspect had invited this public servant from Macau to dinners and private meetings and to participate in cultural activities organized by foreign embassies.\n\n\n\nThe suspect even supposedly offered its support to sponsor the informant’s studies abroad, according to statements from an employee of the Chinese national security agency to CCTV, who the station did not identify.\n\n\n\n“At the same time, this person actively asked her about the investigation and implementation of Hengqin’s policies and the Cooperation Zone, and frequently asked her for internal information under the pretext of conducting surveys and investigations,” added the official.\n\n\n\nAccording to security elements, this public servant found this behavior “strange” and reported the situation to the national security agency.\n\n\n\nThe report continues to indicate that national security authorities discovered that the man used to cross the border regularly in the cooperation zone, “to enter the country frequently, to carry out espionage activities” and “to lure Macau residents in Hengqin through a network to take illegal photographs, posing a real danger to national security.\u201d\n\n\n\nMacau authorities in the dark\n\n\n\nSecretary for Administration and Justice Andr\u00e9 Cheong indicated to have learned about the alleged espionage case in Hengqin through the media\n\n\n\n“I believe that whether it is the Macau SAR or the residents of the Macau SAR, or public servants when they are performing duties in Hengqin, they also need to obey the law,” Cheong pointed out, who is also the deputy permanent coordinator of the management committee of the In-depth Cooperation Zone.\n\n\n\nSecretary for Security Wong Sio Chak has yet to make any public comments on the arrest.\n\n\n\nA longtime Hengqin-based foreign businessman told MNA the issue is also a mystery for the business community in Zhuhai.\n\n\n\n“I don’t know how much of this story is true. If it’s true, the guy lacked finesse,” the businessman, who preferred to not be identified due to the sensitive nature of the issue told MNA.\n\n\n\nDespite questions being sent to the offices of the Secretaries for Administration and Justice and Security, and the police and public administration departments of Macau, no response was provided.\n\n\n\nWhen the development plan for the Guangdong-Macao In-Depth Cooperation Zone in Hengqin was first announced in 2021, it stipulated the area would encourage and support domestic and foreign investors to use RMB in cross\u2011border venture capital projects and related investment and trade.\n\n\n\nAs part of these efforts, Chinese central authorities expressed in 2022 that a visa facilitation policy for foreigners would be enacted to foster progress and attract qualified professionals who could assist with the area’s development.\n\n\n\nPermanent residents of Macau of foreign nationalities would be eligible to apply for multiple-entry visas that are valid for five years, while non-permanent residents will be eligible to apply for multiple-entry visas that are valid for the validity of their Macau IDs.\n\n\n\nSpecialized non-resident workers are also now eligible to apply for multiple-entry visas with a validity period of a year, while foreign visitors to Macau who need to visit Hengqin for convention and exhibition purposes will be eligible for multiple visas valid for three months.\n\n\n\nAccording to the security authorities featured in the CCTV report, the alleged spy operative made use of these cross-border policies to gather intelligence on the cooperation zone’s policies.\n\n\n\nHowever, it is not clear what kind of information collected was confidential, with most information on Hengqin policies available to the general public.\n\n\n\nCounter-Espionage changes\n\n\n\nThe detention comes after changes made by the Ministry of Security of China to the country’s Counter-Espionage Law.\n\n\n\nIn April, the country amended its Counter-Espionage Law to include “collaboration with espionage organizations and their agents” in the espionage category.\n\n\n\nThe legislation now prohibits the transfer of any information related to national security and expanded the definition of espionage, as Chinese President Xi Jinping emphasizes the need to build a “new security architecture.”\n\n\n\nAll “documents, data, material, and items related to national security and interests” are now under the same degree of protection as state secrets, according to the amendment.\n\n\n\nThe Ministry of Security of China called for the mobilization of “the entire society” to “prevent and combat espionage” and announced a series of measures to “strengthen national defense” against “foreign intelligence activities.”\n\n\n\nThe legislative change led to concerns from some multinational companies and the American Chamber of Commerce in the country that this decision could affect foreign investment confidence in the country.\n\n\n\nIn response to the reactions, the Ministry of Security of China argued that the amendment to the counter-espionage law “does not affect normal business activities and legitimate investment and operations” of foreign companies in China. The Ministry also stated that the amendment made the law “more accurate, clear, and transparent,” which “reflects the progress of the Chinese legal system.”", "date_published": "February 17, 2024", "date_modified": "February 18, 2024 - 02:40", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/Screenshot-2024-02-17-at-1.53.17%E2%80%AFPM.png", "tags": [ "China", "Greater Bay", "Macau", "MNA" ], "summary": "After more than a month since a report revealed that a foreign national was detained for alleged espionage activities in Hengqin with the help of a Macau SAR public servant, very little has been revealed about the case." }, { "id": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e9%80%80%e5%bd%b9/", "url": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e9%80%80%e5%bd%b9/", "title": "\u3010\u606f\u606f\u76f8\u95dc\u3011\u9000\u5f79", "content_html": "\"\"\n

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\u6587\uff1a\u502a\u7199\u6668

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\u7576\u5c40\u5805\u7a31\uff0c\u9019\u5e45\u4f54\u5730\u8fd140\u842c\u5e73\u65b9\u7c73\u7684\u571f\u5730\u5c07\u4e0d\u6703\u7528\u65bc\u201c\u5a1b\u6a02\u5834\u201d\u6216\u201c\u535a\u5f69\u201d\u7528\u9014\u3002

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\u5c0d\u535a\u5f69\u5c08\u5bb6\u517c\u5f8b\u5e2b\u6eab\u4ee4\u97dc(Ant\u00f3nio Lobo Vilela)\u4f86\u8aaa\uff0c\u7d42\u6b62\u6fb3\u9580\u8cfd\u99ac\u904b\u52d5\u975e\u660e\u667a\u6c7a\u5b9a\uff0c\u56e0\u70ba\u8cfd\u99ac\u662f\u6fb3\u9580\u7279\u8272\u4e4b\u4e00\uff0c\u7406\u61c9\u4fdd\u7559\u3002 \u201c\u5728\u6211\u770b\u4f86\uff0c\u7d42\u6b62\u6fb3\u9580\u8cfd\u99ac\u662f\u932f\u8aa4\u7684\u3002\u8cfd\u99ac\u662f\u6fb3\u9580\u7279\u8272\uff0c\u61c9\u8a72\u73cd\u60dc\u4e26\u652f\u6301\uff0c\u7d55\u975e\u653e\u68c4\u3002\u201d\u6e29\u4ee4\u97dc\u544a\u8a34\u8a18\u8005\u3002

\n\n\n\n

\u201c\u7d93\u6fdf\u591a\u5143\u5316\u4e26\u4e0d\u610f\u5473\u8457\u8981\u653e\u68c4\u6fb3\u9580\u672c\u8eab\u7684\u7279\u8272\uff0c\u53cd\u800c\uff0c\u6709\u5fc5\u8981\u63a2\u7d22\u8cfd\u8eca\u904b\u52d5\u4ee5\u5916\u7684\u6a5f\u9047\u3002 \u4ee4\u4eba\u9a5a\u8a1d\u7684\u662f\uff0c\u4f3c\u4e4e\u6c92\u6709\u4eba\u6709\u8208\u8da3\u5c07\u9019\u5ea7\u57ce\u5e02\u6539\u9020\u6210\u7d9c\u5408\u4f11\u9592\u5340\u3002\u4fdd\u6301\u6fb3\u9580\u7279\u8272\u5c0d\u65bc\u771f\u6b63\u7684\u7d93\u6fdf\u591a\u5143\u5316\u800c\u8a00\uff0c\u81f3\u95dc\u91cd\u8981\u3002\u201d\u5c0d\u65bc\u9019\u4f4d\u524d\u535a\u5f69\u6cd5\u5f8b\u9867\u554f\u4f86\u8aaa\uff0c\u95dc\u9375\u7684\u554f\u984c\u662f\uff1a\u7576\u5c40\u662f\u5426\u5df2\u7d93\u8aee\u8a62\u4e86\u672c\u5730\u516d\u5927\u535a\u4f01\u6216\u5176\u4ed6\u696d\u8005\u6210\u70ba\u8cfd\u99ac\u5834\u65b0\u7ba1\u7406\u8005\u7684\u610f\u9858\uff1f

\n\n\n\n

\u201c\u9999\u6e2f\u8cfd\u99ac\u6703\u6216\u5176\u4ed6\u6709\u610f\u958b\u5c55\u696d\u52d9\u7684\u71df\u904b\u5546\u624d\u662f\u91cd\u4e2d\u4e4b\u91cd\u3002\u201d\u4ed6\u88dc\u5145\u9053\u3002

\n\n\n\n

2018\u5e74\uff0c\u6fb3\u9580\u8cfd\u99ac\u6703\u8207\u653f\u5e9c\u8ac7\u5224\uff0c\u4e26\u6210\u529f\u5c07\u5176\u5c08\u71df\u6b0a\u5ef6\u957724\u5e74\uff0c\u81f32042\u5e748\u6708\u3002\u689d\u4ef6\u662f\u99ac\u6703\u9808\u5206\u968e\u6bb5\u65a5\u8cc715\u5104\u5143\u9032\u884c\u9805\u76ee\u5347\u7d1a\uff0c\u81f4\u529b\u70ba\u57ce\u5e02\u5be6\u73fe\u7d93\u6fdf\u591a\u5143\u5316\u6ce8\u5165\u52d5\u529b\u3002

\n\n\n\n

\u201c\u9805\u76ee\u4f54\u5730\u9054404,000\u5e73\u65b9\u7c73\uff0c\u64ec\u65bc24\u5e74\u5167\u6ce8\u8cc715\u5104\u5143\uff0c\u76f8\u7576\u65bc\u6bcf\u5e746,000\u842c\u5143\u3002\u76ee\u7779\u4e00\u5bb6\u4f01\u696d\u56e0\u5275\u9020\u8cfd\u99ac\u4e4b\u5916\u7684\u5305\u5bb9\u6027\u767c\u5c55\u9677\u5165\u8271\u96e3\u5883\u5730\u4e14\u653e\u68c4\u5982\u6b64\u5927\u7684\u7a7a\u9593\uff0c\u5be6\u5728\u4ee4\u4eba\u64d4\u6182\u3002\u201d\u6eab\u4ee4\u97dc\u5766\u8a00\u3002

\n\n\n\n
\"\"
\n\n\n\n


\u201c\u5728\u6211\u770b\u4f86\uff0c\u7d42\u6b62\u6fb3\u9580\u8cfd\u99ac\u662f\u932f\u8aa4\u7684\u3002\u8cfd\u99ac\u662f\u6fb3\u9580\u7279\u8272\uff0c\u61c9\u8a72\u73cd\u60dc\u4e26\u652f\u6301\uff0c\u7d55\u975e\u653e\u68c4\u3002\u201d – \u6e29\u4ee4\u97dc(Ant\u00f3nio Lobo Vilela)

\n\n\n\n


\u201c\u5927\u7d0420\u5e74\u524d\uff0c\u6fb3\u9580\u6709\u8cfd\u99ac\u3001\u8cfd\u72d7\u3001\u767d\u9d3f\u7968\u548c\u5a1b\u6a02\u5834\uff0c\u4f46\u6700\u7d42\u5a1b\u6a02\u5834\u6191\u85c9\u66f4\u51fa\u8272\u7684\u8868\u73fe\u5728\u773e\u591a\u535a\u5f69\u7522\u54c1\u9078\u64c7\u4e2d\u812b\u7a4e\u800c\u51fa\u3002\u201d \u2013 \u99ae\u5bb6\u8d85\u00a0\u00a0

\n\n\n\n\n\n\n\n

\u52d5\u76ea\u7684\u7d50\u5c40

\n\n\n\n

\u9023\u6708\u4f86\uff0c\u4e0d\u6642\u6709\u5831\u9053\u6307\u7279\u5340\u7576\u5c40\u5c0d\u8cfd\u99ac\u5834\u904b\u71df\u65bd\u52a0\u9650\u5236\uff0c\u4f8b\u5982\u7981\u6b62\u99ac\u6703\u5f9e\u570b\u5916\u9032\u53e3\u99ac\u5339\uff0c\u6216\u99ac\u6703\u672a\u80fd\u7372\u6279\u9032\u884c\u6d77\u5916\u8f49\u64ad\u7b49\u3002\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u4ee4\u4eba\u8a6b\u7570\u7684\u6c7a\u5b9a\u96a8\u4e4b\u800c\u81f3\u3002\u7136\u800c\uff0c\u6fb3\u9580\u653f\u5e9c\u6279\u51c62023-2024\u8cfd\u5b63\u7e7c\u7e8c\u9032\u884c\u4f3c\u4e4e\u8868\u660e\uff0c\u6240\u9810\u8a00\u7684\u7d42\u9ede\u6216\u88ab\u8a87\u5927\u4e86\u3002

\n\n\n\n

\u535a\u5f69\u696d\u5c08\u5bb6\u548c\u6b77\u53f2\u5b78\u5bb6Jorge Godinho\u8a8d\u70ba\uff0c\u8cfd\u99ac\u5834\u7684\u66f2\u7d42\u4eba\u6563\u4e0d\u904e\u662f\u535a\u5f69\u5e02\u5834\u7684\u81ea\u7136\u6f14\u8b8a\u3002\u201c\u535a\u5f69\u696d\u8c50\u5bcc\u591a\u5143\u4e14\u6d3b\u529b\u5341\u8db3\uff0c\u9019\u5341\u5206\u91cd\u8981\u3002\u78ba\u5be6\u5b58\u5728\u90a3\u4e9b\u4e0d\u65b7\u767c\u5c55\u7684\u535a\u5f69\u6d3b\u52d5\u80fd\u5920\u5438\u5f15\u5927\u91cf\u9700\u6c42\uff0c\u4f8b\u5982\u767e\u5bb6\u6a02\u6216\u9ad4\u80b2\u535a\u5f69\u3002\u76f8\u53cd\uff0c\u6709\u7684\u6d3b\u52d5\u985e\u578b\u537b\u7bc0\u7bc0\u6557\u9000\uff0c\u9010\u6f38\u88ab\u5927\u773e\u6240\u62cb\u68c4\u3002\u201d\u4ed6\u5728\u300a\u4eca\u65e5\u6fb3\u9580\u300b\u767c\u8868\u8a55\u8ad6\u6587\u7ae0\u4e26\u5766\u8a00\uff0c\u201c\u5f9e\u6fb3\u9580\u7684\u73fe\u5be6\u4f86\u770b\uff0c\u8cfd\u99ac\u535a\u5f69\u5c31\u662f\u5982\u6b64\u3002\u201d

\n\n\n\n

\u201c\u504f\u597d\u548c\u6f6e\u6d41\u4e0d\u505c\u6f14\u8b8a\uff1b\u6bcf\u500b\u4e16\u4ee3\u5747\u6709\u5404\u81ea\u7684\u512a\u5148\u4e8b\u9805\uff1b\u79d1\u6280\u4e0d\u65b7\u5411\u524d\u9081\u9032\u4e26\u50ac\u751f\u65b0\u7684\u535a\u5f69\u5f62\u5f0f\u3002\u9019\u6a23\u4e00\u4f86\uff0c\u73a9\u5bb6\u7684\u5229\u76ca\u5c31\u6703\u767c\u751f\u8b8a\u5316\uff0c\u73a9\u5bb6\u7684\u884c\u70ba\u6c38\u9060\u7121\u6cd5\u5b8c\u5168\u9810\u6e2c\u3002\u201d

\n\n\n\n
\"\"
\n\n\n\n


\u201c\u5f97\u51fa\u7d50\u8ad6\uff0c\u4e26\u4e86\u89e3\u554f\u984c\u662f\u51fa\u5728\u904b\u71df\u5546\u8eab\u4e0a\uff0c\u9084\u662f\u7522\u54c1\u4e0d\u518d\u5177\u5438\u5f15\u529b\uff0c\u9019\u624d\u91cd\u8981\u201d \u2013\u5e03\u8def\u5e73\uff08Rui Pinto Proen\u00e7a\uff09

\n\n\n\n


\u201c\u6211\u8a8d\u70ba\u904b\u71df\u5546\u672a\u6709\u5168\u529b\u4ee5\u8d74\uff0c\u4f7f\u8cfd\u99ac\u6210\u70ba\u4e00\u9805\u6709\u5229\u53ef\u5716\u7684\u696d\u52d9\uff0c\u4ea6\u672a\u80fd\u5411\u9019\u9805\u696d\u52d9\u6ce8\u5165\u6d3b\u529b\u3002 \u201d- Niall Murray

\n\n\n\n


\u201c\u504f\u597d\u548c\u6f6e\u6d41\u7684\u4e0d\u505c\u6f14\u8b8a\uff1b\u6bcf\u500b\u4e16\u4ee3\u5747\u6709\u5404\u81ea\u7684\u512a\u5148\u4e8b\u9805\uff1b\u79d1\u6280\u4e0d\u65b7\u5411\u524d\u9081\u9032\u4e26\u50ac\u751f\u65b0\u7684\u535a\u5f69\u5f62\u5f0f\u3002\u201d –\u00a0 Jorge Godinho\u00a0

\n\n\n\n

\u4e00\u5834\u56db\u5341\u5e74\u7684\u8cfd\u4e8b

\n\n\n\n

\u9019\u689d\u81f3\u4eca\u5df2\u670940\u591a\u5e74\u6b77\u53f2\u7684\u8cfd\u99ac\u8cfd\u9053\u59cb\u65bc1980\u5e74\uff0c\u7576\u6642\u7684\u6c39\u4ed4\u65b0\u586b\u6d77\u5730\u584a\u8a3b\u5b9a\u5c07\u8fce\u4f86\u4e00\u9805\u8207\u5225\u4e0d\u540c\u7684\u904b\u52d5\u2014\u2014\u8cfd\u99ac\u3002\u5546\u4eba\u8449\u6f22\u63d0\u51fa\u4e86\u8a2d\u7acb\u6fb3\u9580\u8cfd\u99ac\u8eca\u6703\u7684\u5275\u610f\u60f3\u6cd5\u3002\u7136\u800c\uff0c\u9019\u9805\u4e9e\u6d32\u7368\u6709\u7684\u904b\u52d5\u59cb\u7d42\u672a\u6709\u771f\u6b63\u767c\u5c55\u8d77\u4f86\u3002

\n\n\n\n

1988\u5e742\u67081\u65e5\uff0c\u8cfd\u99ac\u8eca\u5834\u88ab\u6539\u5efa\u70ba\u50b3\u7d71\u8cfd\u99ac\u5834\u3002\u6b21\u5e74\uff0c\u6fb3\u9580\u65c5\u904a\u5a1b\u6a02\u6709\u9650\u516c\u53f8\u63a5\u624b\u6fb3\u9580\u8cfd\u99ac\u6703\uff0c\u7531\u535a\u5f69\u5927\u4ea8\u4f55\u9d3b\u71ca\u51fa\u4efb\u4e3b\u5e2d\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u3002\u6fb3\u535a\u63a7\u80a1\u57f7\u884c\u8463\u4e8b\u6881\u5b89\u742a\u76ee\u524d\u8ca0\u8cac\u99ac\u5834\u71df\u904b\uff0c\u4f46\u662f\uff0c\u9019\u5f9e\u4f86\u5c31\u4e0d\u662f\u4e00\u8d9f\u4e00\u5e06\u98a8\u9806\u7684\u65c5\u7a0b\u3002

\n\n\n\n

\u884c\u653f\u6cd5\u52d9\u53f8\u53f8\u9577\u5f35\u6c38\u6625\u900f\u9732\uff0c\u99ac\u6703\u81ea2002\u5e74\u4ee5\u4f86\u5c31\u4e00\u76f4\u8655\u65bc\u8667\u640d\u72c0\u614b\uff0c\u7121\u6cd5\u627e\u5230\u201c\u7d93\u71df\u7684\u89e3\u6c7a\u65b9\u6848\u201d\uff0c\u5c24\u5176\u662f\u4e09\u5e74\u75ab\u60c5\u671f\u9593\uff0c\u7d93\u6b77\u4e00\u500b\u201c\u8ced\u6ce8\u66b4\u8dcc\u201d\u7684\u9ed1\u6697\u6642\u671f\u3002

\n\n\n\n

\u653f\u5e9c\u516c\u4f48\u8a72\u6d88\u606f\u5f8c\u4e0d\u4e45\uff0c\u99ac\u6703\u53ec\u958b\u65b0\u805e\u767c\u4f48\u6703\uff0c\u8868\u793a\u516c\u53f8\u7d2f\u7a4d\u8667\u640d\u8d85\u904e25\u5104\u5143\uff08\u6298\u5408\u7d043.1\u5104\u7f8e\u5143\uff09\uff0c\u6fb3\u9580\u8cfd\u99ac\u696d\u7684\u767c\u5c55\u548c\u589e\u9577\u7a7a\u9593\u6709\u9650\u3002

\n\n\n\n

\u6839\u64da\u5b98\u65b9\u8a18\u9304\uff0c2023\u5e74\u99ac\u6703\u6295\u6ce8\u984d\u50c5\u70ba1.4\u5104\u5143\uff08\u6298\u5408\u7d041,740\u842c\u7f8e\u5143\uff09\u3002

\n\n\n\n
\"\"
\n\n\n\n

\u6642\u4ee3\u8b8a\u9077

\n\n\n\n

\u5728\u51fa\u5e2d\u6700\u65b0\u4e00\u671f\u7684\u201cMBtv\u8faf\u8ad6\u201d\u7814\u8a0e\u6703\u6642\uff0c\u6fb3\u9580\u5927\u5b78\u535a\u5f69\u7814\u7a76\u6240\u6240\u9577\u99ae\u5bb6\u8d85\u6559\u6388\u4e5f\u5206\u4eab\u4e86\u540c\u6a23\u7684\u89c0\u9ede\u3002

\n\n\n\n

\u201c\u535a\u5f69\u7522\u54c1\u76f8\u4e92\u7af6\u722d\uff0c\u8d8a\u4f86\u8d8a\u591a\u73a9\u5bb6\u4f86\u5230\u6fb3\u9580\uff0c\u4e26\u6839\u64da\u500b\u4eba\u559c\u597d\u9078\u64c7\u535a\u5f69\u7522\u54c1\u3002\u5927\u7d0420\u5e74\u524d\uff0c\u6fb3\u9580\u6709\u8cfd\u99ac\u3001\u8cfd\u72d7\u3001\u767d\u9d3f\u7968\u548c\u5a1b\u6a02\u5834\uff0c\u4f46\u6700\u7d42\u5a1b\u6a02\u5834\u6191\u85c9\u66f4\u51fa\u8272\u7684\u8868\u73fe\u5728\u773e\u591a\u535a\u5f69\u7522\u54c1\u9078\u64c7\u4e2d\u812b\u7a4e\u800c\u51fa\u3002\u201d\u99ae\u5bb6\u8d85\u6307\u51fa\u3002

\n\n\n\n

\u201c\u5728\u7f8e\u570b\uff0c\u6bcf\u7576\u5a1b\u6a02\u5834\u6b65\u5165\u8f1d\u714c\u6642\u671f\uff0c\u4f60\u5c31\u6703\u767c\u73fe\u8cfd\u99ac\u7b49\u5176\u4ed6\u535a\u5f69\u7522\u54c1\u7684\u7af6\u722d\u548c\u58d3\u529b\u96a8\u4e4b\u52a0\u5287\u3002\u9019\u5c31\u662f\u7af6\u722d\u7684\u672c\u8cea\u3002\u6b64\u5916\uff0c\u9999\u6e2f\u8cfd\u99ac\u6703\u5c31\u5728\u6fb3\u9580\u7684\u4e0d\u9060\u8655\u3002\u201d

\n\n\n\n

\u4e8b\u5be6\u4e0a\uff0c\u8a31\u591a\u5206\u6790\u4eba\u58eb\u8a8d\u70ba\uff0c\u4ee4\u4eba\u9a5a\u8a1d\u7684\u975e\u8cfd\u99ac\u5834\u5373\u5c07\u95dc\u9589\u7684\u6d88\u606f\uff0c\u800c\u662f\u99ac\u6703\u7684\u7d93\u71df\u6b0a\u671f\u9650\u5728\u7d04\u516d\u5e74\u524d\u7372\u5f97\u7684\u5ef6\u671f\u4e4b\u9577\u4ee4\u4eba\u611f\u5230\u8a6b\u7570\u3002

\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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Godinho\u8a8d\u70ba\uff0c\u8cfd\u99ac\u5834\u7684\u66f2\u7d42\u4eba\u6563\u4e0d\u904e\u662f\u535a\u5f69\u5e02\u5834\u7684\u81ea\u7136\u6f14\u8b8a\u3002\u201c\u535a\u5f69\u696d\u8c50\u5bcc\u591a\u5143\u4e14\u6d3b\u529b\u5341\u8db3\uff0c\u9019\u5341\u5206\u91cd\u8981\u3002\u78ba\u5be6\u5b58\u5728\u90a3\u4e9b\u4e0d\u65b7\u767c\u5c55\u7684\u535a\u5f69\u6d3b\u52d5\u80fd\u5920\u5438\u5f15\u5927\u91cf\u9700\u6c42\uff0c\u4f8b\u5982\u767e\u5bb6\u6a02\u6216\u9ad4\u80b2\u535a\u5f69\u3002\u76f8\u53cd\uff0c\u6709\u7684\u6d3b\u52d5\u985e\u578b\u537b\u7bc0\u7bc0\u6557\u9000\uff0c\u9010\u6f38\u88ab\u5927\u773e\u6240\u62cb\u68c4\u3002\u201d\u4ed6\u5728\u300a\u4eca\u65e5\u6fb3\u9580\u300b\u767c\u8868\u8a55\u8ad6\u6587\u7ae0\u4e26\u5766\u8a00\uff0c\u201c\u5f9e\u6fb3\u9580\u7684\u73fe\u5be6\u4f86\u770b\uff0c\u8cfd\u99ac\u535a\u5f69\u5c31\u662f\u5982\u6b64\u3002\u201d\n\n\n\n\u201c\u504f\u597d\u548c\u6f6e\u6d41\u4e0d\u505c\u6f14\u8b8a\uff1b\u6bcf\u500b\u4e16\u4ee3\u5747\u6709\u5404\u81ea\u7684\u512a\u5148\u4e8b\u9805\uff1b\u79d1\u6280\u4e0d\u65b7\u5411\u524d\u9081\u9032\u4e26\u50ac\u751f\u65b0\u7684\u535a\u5f69\u5f62\u5f0f\u3002\u9019\u6a23\u4e00\u4f86\uff0c\u73a9\u5bb6\u7684\u5229\u76ca\u5c31\u6703\u767c\u751f\u8b8a\u5316\uff0c\u73a9\u5bb6\u7684\u884c\u70ba\u6c38\u9060\u7121\u6cd5\u5b8c\u5168\u9810\u6e2c\u3002\u201d\n\n\n\n\n\n\n\n \u201c\u5f97\u51fa\u7d50\u8ad6\uff0c\u4e26\u4e86\u89e3\u554f\u984c\u662f\u51fa\u5728\u904b\u71df\u5546\u8eab\u4e0a\uff0c\u9084\u662f\u7522\u54c1\u4e0d\u518d\u5177\u5438\u5f15\u529b\uff0c\u9019\u624d\u91cd\u8981\u201d \u2013\u5e03\u8def\u5e73\uff08Rui Pinto Proen\u00e7a\uff09 \n\n\n\n \u201c\u6211\u8a8d\u70ba\u904b\u71df\u5546\u672a\u6709\u5168\u529b\u4ee5\u8d74\uff0c\u4f7f\u8cfd\u99ac\u6210\u70ba\u4e00\u9805\u6709\u5229\u53ef\u5716\u7684\u696d\u52d9\uff0c\u4ea6\u672a\u80fd\u5411\u9019\u9805\u696d\u52d9\u6ce8\u5165\u6d3b\u529b\u3002 \u201d- Niall Murray \n\n\n\n \u201c\u504f\u597d\u548c\u6f6e\u6d41\u7684\u4e0d\u505c\u6f14\u8b8a\uff1b\u6bcf\u500b\u4e16\u4ee3\u5747\u6709\u5404\u81ea\u7684\u512a\u5148\u4e8b\u9805\uff1b\u79d1\u6280\u4e0d\u65b7\u5411\u524d\u9081\u9032\u4e26\u50ac\u751f\u65b0\u7684\u535a\u5f69\u5f62\u5f0f\u3002\u201d –\u00a0 Jorge Godinho\u00a0 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MdME\u5f8b\u5e2b\u4e8b\u52d9\u6240\u7ba1\u7406\u5408\u5925\u4eba\u5e03\u8def\u5e73\uff08Rui Pinto Proen\u00e7a\uff09\u5728\u53c3\u8207\u662f\u6b21\u201cMBtv\u8faf\u8ad6\u201d\u7814\u8a0e\u6703\u6642\u8868\u793a\u3002\n\n\n\n\u5728\u6fb3\u9580\u5967\u6797\u5339\u514b\u9ad4\u80b2\u4e2d\u5fc3\u8209\u884c\u7684\u97d3\u6d41\u6f14\u5531\u6703\u5438\u5f15\u4e86\u591a\u90544\u842c\u540d\u89c0\u773e\u5f8c\uff0c\u793e\u6703\u6587\u5316\u53f8\u53f8\u9577\u6b50\u967d\u745c\u751a\u81f3\u63d0\u8b70\uff0c\u5982\u679c\u689d\u4ef6\u5141\u8a31\uff0c\u672a\u4f86\u53ef\u8003\u616e\u5229\u7528\u99ac\u5834\u8209\u8fa6\u6f14\u5531\u6703\u3002\n\n\n\n\u5118\u7ba1\u5982\u6b64\uff0c\u5e03\u8def\u5e73\u5c0d\u9019\u7a2e\u60c5\u6cc1\u8868\u793a\u60b2\u50b7\uff0c\u8a8d\u70ba\u9019\u662f\u201c\u57ce\u5e02\u90e8\u5206\u6b77\u53f2\u548c\u4f55\u9d3b\u71ca\u907a\u8d08\u201d\u7684\u7d42\u7d50\u3002\n\n\n\nMurray International Group\u5275\u59cb\u4eba\u517c\u4e3b\u5e2dNiall Murray\u5c07\u6fb3\u9580\u548c\u9999\u6e2f\u5169\u5730\u7684\u8cfd\u99ac\u6703\u9032\u884c\u4e86\u6bd4\u8f03\uff0c\u5f37\u8abf\u5169\u8005\u5728\u6295\u8cc7\u4e0a\u7684\u986f\u8457\u5dee\u7570\u3002\n\n\n\n\u8207\u6fb3\u9580\u8cfd\u99ac\u6703\u5f62\u6210\u9bae\u660e\u5c0d\u6bd4\uff0c\u5118\u7ba1\u9999\u6e2f\u540c\u6a23\u906d\u53d7\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7684\u91cd\u64ca\uff0c\u4f46\u9999\u6e2f\u8cfd\u99ac\u6703\u7684\u6295\u6ce8\u7e3d\u984d\u4ecd\u57282022/2023\u8cfd\u5b63\u5275\u4e0b\u4e863,048\u5104\u6e2f\u5143\u7684\u6b77\u53f2\u65b0\u9ad8\uff0c\u6309\u5e74\u53475.1%\u3002\n\n\n\n\u4ed6\u8868\u793a\uff0c\u7576\u4f55\u9d3b\u71ca\u9000\u51fa\u6b77\u53f2\u821e\u53f0\u5f8c\uff0c\u201c\u7e7c\u7e8c\u7d93\u71df\u7684\u71b1\u60c5\u548c\u610f\u5fd7\u5747\u6d88\u6563\u4e86\u201d\u3002\u9019\u4f4d\u535a\u5f69\u9867\u554f\u88dc\u5145\u9053\uff1a\u201c\u6211\u8a8d\u70ba\u904b\u71df\u5546\u672a\u6709\u5168\u529b\u4ee5\u8d74\uff0c\u4f7f\u8cfd\u99ac\u6210\u70ba\u4e00\u9805\u6709\u5229\u53ef\u5716\u7684\u696d\u52d9\uff0c\u4ea6\u672a\u80fd\u5411\u9019\u9805\u696d\u52d9\u6ce8\u5165\u6d3b\u529b\u3002\u201d", "date_published": "February 14, 2024", "date_modified": "February 14, 2024 - 15:54", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/Jockey-Club-Luis-Almoster4.jpg", "tags": [ "Business Intelligence", "MAG", "MB", "MB Featured" ], "summary": "\u6fb3\u9580\u8cfd\u99ac\u6703\u7684\u58fd\u7d42\u6b63\u5be2\u70ba\u610f\u6599\u4e2d\u4e8b\uff0c\u4f46\u5176\u7a81\u7136\u6d88\u4ea1\u537b\u8b93\u4eba\u611f\u5230\u610f\u5916\u3002\u5728\u8a31\u591a\u5206\u6790\u5e2b\u770b\u4f86\uff0c\u8cfd\u99ac\u6703\u6df1\u9677\u8ca1\u52d9\u56f0\u5883\u65e9\u5df2\u773e\u6240\u5468\u77e5\u3002\u554f\u984c\u5728\u65bc\uff0c\u7576\u5c40\u70ba\u4f55\u4e00\u958b\u59cb\u5c31\u6279\u51fa\u9577\u905424\u5e74\u7684\u5c08\u71df\u6b0a\uff1f\u70ba\u4f55\u8a72\u5730\u584a\u672a\u4f86\u4e0d\u6703\u518d\u7528\u65bc\u535a\u5f69\u7528\u9014\uff1f\u7e3d\u800c\u8a00\u4e4b\uff0c\u4f5c\u70ba\u6fb3\u9580\u535a\u5f69\u8108\u7d61\u7684\u7d44\u6210\u90e8\u5206\uff0c\u8cfd\u99ac\u5c07\u8d70\u9032\u6b77\u53f2\u3002" }, { "id": "https://www.macaubusiness.com/resident-mobile-payments-surge-in-mainland-china-following-alipay-mpay-convergence-macau-pass/", "url": "https://www.macaubusiness.com/resident-mobile-payments-surge-in-mainland-china-following-alipay-mpay-convergence-macau-pass/", "title": "Resident mobile payments surge in mainland China following Alipay/MPay convergence \u2013 Macau Pass", "content_html": "\"\"\n

There has been a significant surge in daily mobile payment transaction volume in mainland China among Macau residents during the fourth quarter of last year, with a more than fourfold increase compared to the previous quarter, MPay data reveals.

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‘Since the mainland resumed full clearance with Hong Kong and Macau last year, there has been a noticeable uptick in Macau residents traveling to mainland China for leisure and consumption,’ the mobile payment service held by Macau Pass pointed out

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‘Zhuhai, Zhongshan, and Jiangmen emerged as the most favored mainland cities among Macau residents’.

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Macau Pass did not disclose the full amount of cross-border transactions carried out in the covered period.

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In September 2023 Macau Pass\u00a0announced\u00a0that its e-wallet Mpay users will now be able to make payments in both mainland China and Hong Kong after a cooperation agreement with Alipay+.

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According to Macau Pass, this growing trend of Macau residents traveling north for leisure and consumption is further facilitated by the convenience of mobile payments, with the MPay service now allowing Alipay service payments, with direct currency exchange for bank account holders in the SAR.

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Previously holding a bank account within mainland China was a requirement for Macau residents to be able to register and carry out Alipay payments.

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‘The increasing frequency of Macau residents traveling north for leisure and consumption, coupled with the adoption of mobile payments, signifies a growing trend that is reshaping cross-border consumer behaviors and preferences,’ Macau Pass added.

\n\n\n\n

MPay became the first overseas financial institution headquartered outside China to be authorized for cross-border use in mainland China in 2019.

\n\n\n\n

AGTech, an Alibaba affiliate, acquired\u00a0Macau Pass Holding\u00a0for HKD778 million (US$99.6 million) in 2022, with the company having unveiled\u00a0plans\u00a0to expand Mpay services to additional foreign countries in the third or fourth quarter of 2023, with hopes to be available in more than 40 countries by the end of 2024.

\n\n\n\n

It now covers more than 40 countries, including the United States, the United Kingdom, Switzerland, France, the UAE, Australia, Singapore, Japan and South Korea.

\n", "content_text": "There has been a significant surge in daily mobile payment transaction volume in mainland China among Macau residents during the fourth quarter of last year, with a more than fourfold increase compared to the previous quarter, MPay data reveals.\n\n\n\n‘Since the mainland resumed full clearance with Hong Kong and Macau last year, there has been a noticeable uptick in Macau residents traveling to mainland China for leisure and consumption,’ the mobile payment service held by Macau Pass pointed out\n\n\n\n‘Zhuhai, Zhongshan, and Jiangmen emerged as the most favored mainland cities among Macau residents’.\n\n\n\nMacau Pass did not disclose the full amount of cross-border transactions carried out in the covered period.\n\n\n\nIn September 2023 Macau Pass\u00a0announced\u00a0that its e-wallet Mpay users will now be able to make payments in both mainland China and Hong Kong after a cooperation agreement with Alipay+.\n\n\n\nAccording to Macau Pass, this growing trend of Macau residents traveling north for leisure and consumption is further facilitated by the convenience of mobile payments, with the MPay service now allowing Alipay service payments, with direct currency exchange for bank account holders in the SAR.\n\n\n\nPreviously holding a bank account within mainland China was a requirement for Macau residents to be able to register and carry out Alipay payments.\n\n\n\n‘The increasing frequency of Macau residents traveling north for leisure and consumption, coupled with the adoption of mobile payments, signifies a growing trend that is reshaping cross-border consumer behaviors and preferences,’ Macau Pass added.\n\n\n\nMPay became the first overseas financial institution headquartered outside China to be authorized for cross-border use in mainland China in 2019.\n\n\n\nAGTech, an Alibaba affiliate, acquired\u00a0Macau Pass Holding\u00a0for HKD778 million (US$99.6 million) in 2022, with the company having unveiled\u00a0plans\u00a0to expand Mpay services to additional foreign countries in the third or fourth quarter of 2023, with hopes to be available in more than 40 countries by the end of 2024.\n\n\n\nIt now covers more than 40 countries, including the United States, the United Kingdom, Switzerland, France, the UAE, Australia, Singapore, Japan and South Korea.", "date_published": "February 11, 2024", "date_modified": "February 11, 2024 - 13:05", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/Photo-5.jpg", "tags": [ "China", "Finance", "Greater Bay", "Macau", "MNA", "MNA Featured" ], "summary": "There has been a significant surge in daily mobile payment transaction volume in mainland China among Macau residents during the fourth quarter of last year, with a more than fourfold increase compared to the previous quarter, MPay data reveals" }, { "id": "https://www.macaubusiness.com/first-day-of-cny-starts-with-almost-67000-visitor-arrivals/", "url": "https://www.macaubusiness.com/first-day-of-cny-starts-with-almost-67000-visitor-arrivals/", "title": "First day of CNY holiday season starts with almost 67,000 visitor arrivals", "content_html": "\"\"\n

A total of 66,977 visitors entered the Macau SAR on February 9, the eve of the Chinese New Year holiday period.

\n\n\n\n

In 2024, the Chinese New Year falls on February 10, marking the beginning of the Year of the Dragon, with the holiday period lasting until February 17.

\n\n\n\n

According to a recent Tourism Office estimate, up to 120,000 visitors could travel to Macau from the Chinese mainland, Taiwan, or Hong Kong daily starting this weekend, potentially accumulating at least 960,000 arrivals in eight days.

\n\n\n\n

The head of the Association of Macao Tourist Agents has also predicted that some 200 group tours are expected to descend on the SAR this Lunar New Year.

\n\n\n\n

The Hong Kong-Zhuhai-Macao Bridge surpassed the Border Gate and the main entry point of visitors to Macau, with some 18,208 entries reported on Friday.

\n\n\n\n

Brokerage Morgan Stanley also expects that the daily gaming revenue average in the city could even surge to MOP900 million ($111.7 million) per day in the week-long holiday \u2013 a level that is about 78 per cent of 2019\u2019s and 9 per cent above the last year’s Golden Week\u2019s.

\n", "content_text": "A total of 66,977 visitors entered the Macau SAR on February 9, the eve of the Chinese New Year holiday period.\n\n\n\nIn 2024, the Chinese New Year falls on February 10, marking the beginning of the Year of the Dragon, with the holiday period lasting until February 17.\n\n\n\nAccording to a recent Tourism Office estimate, up to 120,000 visitors could travel to Macau from the Chinese mainland, Taiwan, or Hong Kong daily starting this weekend, potentially accumulating at least 960,000 arrivals in eight days.\n\n\n\nThe head of the Association of Macao Tourist Agents has also predicted that some 200 group tours are expected to descend on the SAR this Lunar New Year.\n\n\n\nThe Hong Kong-Zhuhai-Macao Bridge surpassed the Border Gate and the main entry point of visitors to Macau, with some 18,208 entries reported on Friday.\n\n\n\nBrokerage Morgan Stanley also expects that the daily gaming revenue average in the city could even surge to MOP900 million ($111.7 million) per day in the week-long holiday \u2013 a level that is about 78 per cent of 2019\u2019s and 9 per cent above the last year’s Golden Week\u2019s.", "date_published": "February 10, 2024", "date_modified": "February 11, 2024 - 02:59", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/cny-macau.jpg", "tags": [ "Macau", "MNA", "MNA Featured" ], "summary": "A total of 66,977 visitors entered the Macau SAR on February 9, the eve of the Chinese New Year holiday period." }, { "id": "https://www.macaubusiness.com/former-macau-chinese-bank-president-indicted-for-criminal-association/", "url": "https://www.macaubusiness.com/former-macau-chinese-bank-president-indicted-for-criminal-association/", "title": "Former Macau Chinese Bank president indicted for criminal association", "content_html": "\"\"\n

The former president of the Macau Chinese Bank, Yau Wai Chu, is facing allegations of leading a criminal organization involved in a bank fraud scheme related to the financial institution, broadcaster TDM TV reported.

\n\n\n\n

According to the Public Prosecutions Office indictment, Bobo Ng, former director of the Hou Kong newspaper, was involved in the alleged criminal group, with the businesswoman said to represent one of the companies that requested funds from the bank for fictitious contracts.

\n\n\n\n

The fraudulent activities included contracts for projects with casino operators and the light rail system, resulting in the bank reportedly losing nearly MOP500 million (US$.

\n\n\n\n

It was disclosed that there are 15 defendants, with only five currently in preventive detention.

\n\n\n\n

Among them is Yau Wai Chu, the former president and CEO of the Macau Chinese Bank, who is accused of orchestrating the criminal association aimed at securing loans for nonexistent projects.

\n\n\n\n

The accusation also implicates Bobo Ng, who is currently in preventive detention, along with two other defendants awaiting trial at EPM: Ng Man Un, director of the bank’s Business Department, and Cheang Chak Chong, Director of the Business Department.

\n\n\n\n

The Public Prosecution alleges that Bobo Ng had a longstanding partnership and familial ties with another leader of the association, Liu Haigui, who is currently untraceable. Liu is accused of co-leading the criminal association with the former bank president, determining which companies would request bank loans and the specifics of those loans.

\n\n\n\n

The defendants are accused of creating fake companies with relatives and friends to obtain loans for personal gain, as the projects and acquisitions used to justify the loans were falsified.

\n\n\n\n

The accusation further details loan requests purportedly for construction projects at prominent establishments such as the Londoner, Venetian, Grand Lisboa, MGM, and Wynn casinos.

\n\n\n\n

There were also loan requests related to agreements with Sands China and for projects at the Treasure Island Hotel development, as well as the expansion of the light rapid transit line to Hengqin.

\n\n\n\n

The Public Prosecution claims that the granted loans resulted in losses of 456 million patacas for the Macau Chinese Bank. Approvals were allegedly obtained through collusion among bank employees who were aware of the falsified documents.

\n\n\n\n

Yau Wai Chu is additionally accused of intentionally committing crimes by persuading the bank’s administration to bypass the Credit Approval Committee and recruiting employees from other banks to join Macau Chinese Bank.

\n\n\n\n

Some of these recruited employees are among the defendants, accused of knowingly participating in criminal activities.

\n\n\n\n

While two defendants are in preventive detention, others are at liberty, including one with an unknown whereabouts. Sam Ka Leong, the current manager of Macau Development Bank, is listed as a defendant.

\n\n\n\n

Bobo Ng’s ex-husband, David Zou, and sister are also implicated in the case, with the accusation alleging their involvement in the loan requests. Bobo Ng is stated to have been responsible for at least one of the companies involved.

\n\n\n\n

In addition to charges of criminal association, the suspects are also accused of fraud and document forgery.

\n\n\n\n

Witnesses listed by the Public Prosecution include employees of the Monetary Authority of Macau (AMCM) and representatives of at least two operators.

\n", "content_text": "The former president of the Macau Chinese Bank, Yau Wai Chu, is facing allegations of leading a criminal organization involved in a bank fraud scheme related to the financial institution, broadcaster TDM TV reported.\n\n\n\nAccording to the Public Prosecutions Office indictment, Bobo Ng, former director of the Hou Kong newspaper, was involved in the alleged criminal group, with the businesswoman said to represent one of the companies that requested funds from the bank for fictitious contracts.\n\n\n\nThe fraudulent activities included contracts for projects with casino operators and the light rail system, resulting in the bank reportedly losing nearly MOP500 million (US$.\n\n\n\nIt was disclosed that there are 15 defendants, with only five currently in preventive detention. \n\n\n\nAmong them is Yau Wai Chu, the former president and CEO of the Macau Chinese Bank, who is accused of orchestrating the criminal association aimed at securing loans for nonexistent projects.\n\n\n\nThe accusation also implicates Bobo Ng, who is currently in preventive detention, along with two other defendants awaiting trial at EPM: Ng Man Un, director of the bank’s Business Department, and Cheang Chak Chong, Director of the Business Department.\n\n\n\nThe Public Prosecution alleges that Bobo Ng had a longstanding partnership and familial ties with another leader of the association, Liu Haigui, who is currently untraceable. Liu is accused of co-leading the criminal association with the former bank president, determining which companies would request bank loans and the specifics of those loans.\n\n\n\nThe defendants are accused of creating fake companies with relatives and friends to obtain loans for personal gain, as the projects and acquisitions used to justify the loans were falsified.\n\n\n\nThe accusation further details loan requests purportedly for construction projects at prominent establishments such as the Londoner, Venetian, Grand Lisboa, MGM, and Wynn casinos. \n\n\n\nThere were also loan requests related to agreements with Sands China and for projects at the Treasure Island Hotel development, as well as the expansion of the light rapid transit line to Hengqin.\n\n\n\nThe Public Prosecution claims that the granted loans resulted in losses of 456 million patacas for the Macau Chinese Bank. Approvals were allegedly obtained through collusion among bank employees who were aware of the falsified documents.\n\n\n\nYau Wai Chu is additionally accused of intentionally committing crimes by persuading the bank’s administration to bypass the Credit Approval Committee and recruiting employees from other banks to join Macau Chinese Bank. \n\n\n\nSome of these recruited employees are among the defendants, accused of knowingly participating in criminal activities.\n\n\n\nWhile two defendants are in preventive detention, others are at liberty, including one with an unknown whereabouts. Sam Ka Leong, the current manager of Macau Development Bank, is listed as a defendant.\n\n\n\nBobo Ng’s ex-husband, David Zou, and sister are also implicated in the case, with the accusation alleging their involvement in the loan requests. Bobo Ng is stated to have been responsible for at least one of the companies involved.\n\n\n\nIn addition to charges of criminal association, the suspects are also accused of fraud and document forgery.\n\n\n\nWitnesses listed by the Public Prosecution include employees of the Monetary Authority of Macau (AMCM) and representatives of at least two operators.", "date_published": "February 10, 2024", "date_modified": "February 10, 2024 - 02:07", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/Screenshot-2024-02-09-at-4.13.47%E2%80%AFPM.jpg", "tags": [ "Finance", "Macau", "MNA", "MNA Featured" ], "summary": "The former president of the Macau Chinese Bank, Yau Wai Chu, is facing allegations of leading a criminal organization involved in a bank fraud scheme related to the financial institution, broadcaster TDM TV reported." }, { "id": "https://www.macaubusiness.com/macau-media-needs-to-expand-its-audience-outside-the-sar-to-survive-businessman/", "url": "https://www.macaubusiness.com/macau-media-needs-to-expand-its-audience-outside-the-sar-to-survive-businessman/", "title": "Macau media needs to expand its audience outside the SAR to survive \u2013 Businessman", "content_html": "\"\"\n

Macau media needs to find ways to expand its audience outside of the SAR, if it wants to increase its audience and, thereafter, its advertisement revenue, local businessman and investor Kevin Ho King Lun said today (Tuesday).

\n\n\n\n

Ho, the co-founder of KNJ Investment, has been a shareholder in the Portuguese media group Global Media Group since 2017.

\n\n\n\n

Ho, together with the director of the Portuguese channel of public broadcaster TDM, Jo\u00e3o Francisco Pinto, took part in the first Plataforma Talks, a debate session co-organized by newspaper Plataforma Macau and the Rui Cunha Foundation, centered on how to promote Macau via international media networks.

\n\n\n\n

“Macau needs to change its mindset to be more international. We have the best tourism infrastructure, MICE space, all we need is to let everyone know. If we want to survive in the media industry we need to look for ways to attract more people, and then the advertisement will come,” Ho stated.

\n\n\n\n

“The first rule for any business or entrepreneur will be to achieve financial sustainability and ensure you stay alive, media is no different. Traditional media has a lot of problems in reducing readership and audience, fewer newspapers and magazines being sold”

\n\n\n\n

At the same time, social media use has gone up, with Ho stating that while in the past media center its revenue streams on subscriptions, sales, and advertisements, it now had to find creative and modern solutions to reach a larger audience.

\n\n\n\n

“All brands are facing the same thing. Media is like a cafe, you have to find ways to make sure you fit better in your audience’s mindsets. Digitalization is the way to go, you need to create content that people will be attracted to. Every news you create on social media can keep the interest for at least 3 minutes,” Ho noted.

\n\n\n\n

“If you can adapt to the audience and then show the analytics to your clients they might put their advertisement to you. It’s a cruel world, a lot of brands will probably fail, but that happens in the media industry and every part of the business world”

\n\n\n\n

Global Media Group new deal negotiations ongoing

\n\n\n\n
\"\"
\n\n\n\n

The businessman also addressed the recent troubles surrounding Global Media Group, after the Bahamas-based World Opportunity Fund (WOF) acquired a 51 per cent stake in the company.

\n\n\n\n

The acquisition was followed by delayed payments to employees in several of the group’s media brands, which led to successive strikes and even committee hearings by the Portuguese parliament on several of the current and former management executives.

\n\n\n\n

Last week, Portuguese businessman Diogo Freitas, from Officetotal Food Brands, told Lusa that an agreement to purchase some newspapers and magazines from GMG and TSF radio “is closed”, but that it still needed to be signed.

\n\n\n\n

However, according to Ho a final deal is still a long way off with negotiations \u201cstill at a very premature stage\u201d.

\n\n\n\n

\u201cWe were very close to signing a memorandum of understanding, but we are still far from an agreement\u201d, explained the businessman.

\n\n\n\n

Kevin Ho did not confirm this information, stressing that \u201cthere are many different options\u201d on the table, which will be discussed \u201cover the next few weeks\u201d.

\n\n\n\n

The shareholder also denied that GMG has a debt worth 2.1 million euros in Macau.

\n\n\n\n

\u201cWe simply have, like any company, suppliers who are needed, loans from shareholders,\u201d Ho said today when inquired about the putative deal.

\n\n\n\n

On January 10, the former president of the GMG Executive Committee, Jos\u00e9 Paulo Fafe, told the parliamentary committee on Culture, Communication, Youth and Sports that the group had debts worth 2.1 million euros in Macau and 700 thousand euros in Malta, \u201conline gambling companies that never operated, or rather, online gambling licenses\u201d.

\n", "content_text": "Macau media needs to find ways to expand its audience outside of the SAR, if it wants to increase its audience and, thereafter, its advertisement revenue, local businessman and investor Kevin Ho King Lun said today (Tuesday).\n\n\n\nHo, the co-founder of KNJ Investment, has been a shareholder in the Portuguese media group Global Media Group since 2017.\n\n\n\nHo, together with the director of the Portuguese channel of public broadcaster TDM, Jo\u00e3o Francisco Pinto, took part in the first Plataforma Talks, a debate session co-organized by newspaper Plataforma Macau and the Rui Cunha Foundation, centered on how to promote Macau via international media networks.\n\n\n\n“Macau needs to change its mindset to be more international. We have the best tourism infrastructure, MICE space, all we need is to let everyone know. If we want to survive in the media industry we need to look for ways to attract more people, and then the advertisement will come,” Ho stated.\n\n\n\n“The first rule for any business or entrepreneur will be to achieve financial sustainability and ensure you stay alive, media is no different. Traditional media has a lot of problems in reducing readership and audience, fewer newspapers and magazines being sold”\n\n\n\nAt the same time, social media use has gone up, with Ho stating that while in the past media center its revenue streams on subscriptions, sales, and advertisements, it now had to find creative and modern solutions to reach a larger audience.\n\n\n\n“All brands are facing the same thing. Media is like a cafe, you have to find ways to make sure you fit better in your audience’s mindsets. Digitalization is the way to go, you need to create content that people will be attracted to. Every news you create on social media can keep the interest for at least 3 minutes,” Ho noted.\n\n\n\n“If you can adapt to the audience and then show the analytics to your clients they might put their advertisement to you. It’s a cruel world, a lot of brands will probably fail, but that happens in the media industry and every part of the business world”\n\n\n\nGlobal Media Group new deal negotiations ongoing\n\n\n\n\n\n\n\nThe businessman also addressed the recent troubles surrounding Global Media Group, after the Bahamas-based World Opportunity Fund (WOF) acquired a 51 per cent stake in the company.\n\n\n\nThe acquisition was followed by delayed payments to employees in several of the group’s media brands, which led to successive strikes and even committee hearings by the Portuguese parliament on several of the current and former management executives.\n\n\n\nLast week, Portuguese businessman Diogo Freitas, from Officetotal Food Brands, told Lusa that an agreement to purchase some newspapers and magazines from GMG and TSF radio “is closed”, but that it still needed to be signed.\n\n\n\nHowever, according to Ho a final deal is still a long way off with negotiations \u201cstill at a very premature stage\u201d.\n\n\n\n\u201cWe were very close to signing a memorandum of understanding, but we are still far from an agreement\u201d, explained the businessman.\n\n\n\nKevin Ho did not confirm this information, stressing that \u201cthere are many different options\u201d on the table, which will be discussed \u201cover the next few weeks\u201d.\n\n\n\nThe shareholder also denied that GMG has a debt worth 2.1 million euros in Macau.\n\n\n\n\u201cWe simply have, like any company, suppliers who are needed, loans from shareholders,\u201d Ho said today when inquired about the putative deal.\n\n\n\nOn January 10, the former president of the GMG Executive Committee, Jos\u00e9 Paulo Fafe, told the parliamentary committee on Culture, Communication, Youth and Sports that the group had debts worth 2.1 million euros in Macau and 700 thousand euros in Malta, \u201conline gambling companies that never operated, or rather, online gambling licenses\u201d.", "date_published": "February 06, 2024", "date_modified": "February 06, 2024 - 23:15", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/WhatsApp-Image-2024-02-06-at-22.49.50.jpeg", "tags": [ "Macau", "MNA" ], "summary": "Macau media needs to find ways to expand its audience outside of the SAR, if it wants to increase its audience and, thereafter, its advertisement revenue, local businessman and investor Kevin Ho King Lun said today (Tuesday)." }, { "id": "https://www.macaubusiness.com/off-the-horse/", "url": "https://www.macaubusiness.com/off-the-horse/", "title": "Off the horse", "content_html": "\"\"\n

Photos by Lu\u00eds Almoster \u00a9

\n\n\n\n

The end of the Macau Jockey Club was somehow expected by some, but its abrupt demise still came as a surprise. For many analysts, the dire financial situation of the racetrack was well known, and the question remains why such a lengthy 24-year concession was provided in the first place and why no more gaming uses will be given to the property in the future. All things considered, it is a part of Macau\u2019s gaming history that has disappeared.

\n\n\n\n
\n\n\n\n

After months of public discussion surrounding the future of the Macau Jockey Club racetrack, the end came more swiftly than expected.

\n\n\n\n
\"\"
\n\n\n\n

At a press conference held on January 16, the Secretary for Administration and Justice, Andr\u00e9 Cheong Weng Chon, announced that the Macau Jockey Club concession would end on April 1, 2024, after a mutual agreement had been reached between the two sides.

\n\n\n\n

Cheong revealed that the company requested the termination of the contract in 2023 due to \u201cexploitation difficulties,” a request accepted by the Government by mutual consent. The termination does not imply the payment of any compensation by the operator, which only needed to deduct around MOP150 million in taxes owed to the Public Administration.

\n\n\n\n

After negotiations were ignited in the middle of last year, all the existing facilities and land currently possessed by the horse racing operator will be unconditionally returned to the government.

\n\n\n\n

Subsequently, nearly 290 horses are set to be transferred to the Chinese mainland or other countries for follow-up arrangements no later than March 31, 2025. The race track will also have to find a solution for its more than 500 workers, with the concessionaire having to either compensate the dismissed workers or transfer them to positions in companies linked to the operator.

\n\n\n\n

Authorities were also adamant that the almost 400,000-square-metre area would not be used for a \u201ccasino\u201d or for \u201cgaming\u201d purposes.

\n\n\n\n

For gaming expert and lawyer Ant\u00f3nio Lobo Vilela, the decision to discontinue horse racing in Macau is not the most appropriate, considering it a distinctive feature that should be preserved.

\n\n\n\n

\u201cIn my view, discontinuing horse racing in Macau is misguided. Horse racing is a distinctive feature of Macau and should be cherished and supported rather than abandoned,\u201d Vilela told Macau Business.

\n\n\n\n

\u201cEconomic diversification doesn’t involve discontinuing distinctive features of Macau. It requires exploring opportunities beyond racing alone. Surprisingly, no one seems interested in developing the area into an integrated leisure zone. Preserving Macau’s distinctive features is vital for true economic diversification.”

\n\n\n\n

For the former gaming legal consultant, the key question is whether the six gaming operators or other gaming companies were consulted as possible new racetrack managers.

\n\n\n\n

\u201cIt’s crucial to inquire whether the Hong Kong Jockey Club or if other interested operators were consulted,\u201d he added.

\n\n\n\n
\"\"
\n\n\n\n


\u201cIn my view, discontinuing horse racing in Macau is misguided. Horse racing is a distinctive feature of Macau and should be cherished and supported rather than abandoned\u201d – Ant\u00f3nio Lobo Vilela

\n\n\n\n


\u201cIn Macau some 20 years ago we had horse racing, greyhound racing, lotteries and casinos but in the end, casinos have outperformed all other forms of gaming products\u201d \u2013 Davis Fong  

\n\n\n\n


What is important is to draw some conclusions and understand if the problem was the operator or the product was just not appealing anymore\u201d \u2013 Rui Pinto Proen\u00e7a

\n\n\n\n


\u201cI think the operator was not putting the full effort to make it a profitable operation to keep it really vibrant\u201d – Niall Murray

\n\n\n\n


\u201cPreferences and fashions change; different generations have different priorities; technology evolves and promotes new game formats\u201d –  Jorge Godinho

\n\n\n\n


\u201cCulturally, it will be missed by our residents as it plays a significant part in our local culture. We could, however, retain some aspects of this history and its culture via a jockey club museum\u201d \u2013 Desmond Lam

\n\n\n\n\n\n\n\n

In 2018, MJC was granted a 24-year extension to its concession until August 2042, following negotiations with the government. This was on the condition that the club would pour MOP1.5 billion in stages into an upgrade project to drive the city\u2019s economic diversification.

\n\n\n\n

\u201cThe area in question spans 404,000 square metres, and the proposed MOP1.5 billion investment over 24 years translated to MOP60 million per year. It’s concerning to witness a company relinquish such a substantial space due to challenges in creating an inclusive development beyond just horse racing,\u201d stated Vilela.

\n\n\n\n

For Desmond Lam, a Professor in Integrated Resort and Tourism Management at the University of Macau, the lack of attendance and interest in horse locally racing betting was one of the main causes for the closing, but of course the role of the concessionaire could not be dismissed.

\n\n\n\n

\u201cThe inability to turn it around may be due to a lack of commitment by the operator to do so as strategies to maintain or even strive need to consider the investment outlays and possible returns; such that costs of doing so outweigh the potential benefits reaped,\u201d he added.

\n\n\n\n

\u201cIt must be also hard for MJC to invest in any viable non-gaming or modernizing activities that have significant financial benefits (i.e, to improve its book) in order to align itself to Macau\u2019s long-term goals.\u201d

\n\n\n\n

Still, the researcher considered that with horse racing still a big business worldwide, the closure of the Macau racetrack, together with the closing of the same type of activities in Singapore, will be a loss to this type of gaming business in the region.

\n\n\n\n
\"\"
\n\n\n\n

Turbulent end

\n\n\n\n

The decision comes after months of reports of limitations imposed by authorities on the race track operations, including imports of horses from abroad and broadcasts of the races on foreign soil for increased betting.

\n\n\n\n

However, the authorization by the Macau government for the 2023\u20132024 racing season to go ahead seemed to be a sign that the foretold end of the track could be exaggerated.

\n\n\n\n

For gaming researcher and historian Jorge Godinho, the demise of the race track is just part of the natural evolution of the gaming market.

\n\n\n\n

\u201cThe gaming industry is rich and diverse and, above all, very dynamic. Some games grow and attract a lot of demand, such as baccarat or sports betting. Other types of games, on the contrary, lose ground and are gradually abandoned by the betting public. This is the case, looking at the reality in Macau, of betting on horse races,\u201d Godinho said in an opinion article published at the newspaper Hoje Macau.

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\u201cPreferences and fashions change; different generations have different priorities; technology evolves and promotes new game formats. In this way, the interests of the players change, and player behaviour is never entirely predictable.\u201d

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A 40-year-old race

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The 40-year-old history of the track begins in 1980 when a much different sport was destined for a new horse racing built on the Taipa landfill, horse harness racing. The Macau Trotting Club was an idea by businessman Yip Hon, however, the sport, unique in Asia, did not really take off.

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On February 1, 1988, the track was changed to a more conventional hippodrome, and the next year STDM took full control of the Macau Jockey Club, with gaming tycoon Stanley Ho becoming its chairman and chief executive officer. 

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Nowadays, Angela Leong, spouse of the late gaming businessman and managing director at SJM, is the current administrator of the track. However, it hasn\u2019t been a smooth (horse) ride so far.

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Secretary for Administration and Justice, Andr\u00e9 Cheong, revealed that since 2002, the Macau Jockey Club, had recorded financial losses, having been unable to find \u201ca solution for the operation\u201d, especially during the three years of the pandemic. covid-19, a time when \u201cthe stakes have dropped a lot\u201d.

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Shortly after the government announcement The MJC held its own press conference, in which it noted that it had accumulated operating losses exceeding MOP2.5 billion (US$310 million) and limited room for development and growth of the horse racing industry in Macau.

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According to official records, in 2023 the racetrack only saw MOP140 million (US$17.4 million) in betting volume.

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Changing times

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In comments made during the latest edition of the MBtv Debates Series, Professor Davis Fong, Director of the Institute for the Study of Commercial Gaming at the University of Macau, reflected the same view.

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\u201cGambling products are competing with each other. More and more gamblers are coming to Macau and they may choose what gaming products they want. In Macau some 20 years ago we had horse racing, greyhound racing, lotteries and casinos but in the end, casinos have outperformed all other forms of gaming products,\u201d Davis Fong noted.

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\u201cWe can see in the United States, that every time you have a boom of casinos, you will see an increase in competition and pressure on other gambling products like horse racing. It is the nature of competition. Also, right next to us we already have the Hong Kong Jockey Club\u201d.

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In fact many analysts pointed out that the surprise was not the impending closure of the racetrack, but the fact it received such a lengthy extension about six years ago.

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\u201cThe financial situation of the MJC was known, it was not sustainable. What is important is to draw some conclusions and understand if the problem was the operator or the product was just not appealing anymore,\u201d Rui Pinto Proen\u00e7a, Managing Partner of law firm MdME, said also at the recent MB.tv debate.

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After a K-Pop concert at the Olympic Sports Centre attracted as many as 40,000 spectators, Secretary for Social Affairs and Culture, Elsie Ao Ieong, even suggested that the MJC area could be used for future concerts if conditions allowed.

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Still, Proen\u00e7a expressed sadness at the situation, stating, it was the end of a \u201cpart of the city\u2019s history and of Stanley Ho\u2019s legacy\u201d.

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For Desmond Lam the closing of the race track itself wouldn\u2019t be a great loss, considering it is not currently a \u201cvery attractive tourism product\u201d.

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\u201cCulturally, it will be missed by our residents as it plays a significant part in our local culture. We could, however, retain some aspects of this history and its culture via a jockey club museum. I can imagine the establishment of an interactive museum with high-tech exhibits and even live horses to attract tourists, which fit our current pursuit of non-gaming investment,\u201d the tourism and gaming researcher told Macau Business.

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Founder and Chairman of Murray International Group, Niall Murray, drew a comparison with the Hong Kong Jockey Club, highlighting a significant difference in investment.

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In stark contrast to the local racecourse, the Hong Kong Jockey Club declared a record turnover of HK$304.8 billion in the 2022-23 season, an increase of 5.1 percent year on year, despite the effects of the Covid-19 pandemic.

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Murray remarked that \u201cthe passion and will to keep it going were lost\u201d when Stanley Ho stepped back from the operation.

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\u201cI think the operator was not putting the full effort to make it a profitable operation to keep it really vibrant,\u201d the gaming consultant added.

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\n", "content_text": "Photos by Lu\u00eds Almoster \u00a9\n\n\n\nThe end of the Macau Jockey Club was somehow expected by some, but its abrupt demise still came as a surprise. For many analysts, the dire financial situation of the racetrack was well known, and the question remains why such a lengthy 24-year concession was provided in the first place and why no more gaming uses will be given to the property in the future. All things considered, it is a part of Macau\u2019s gaming history that has disappeared.\n\n\n\n\n\n\n\nAfter months of public discussion surrounding the future of the Macau Jockey Club racetrack, the end came more swiftly than expected.\n\n\n\n\n\n\n\nAt a press conference held on January 16, the Secretary for Administration and Justice, Andr\u00e9 Cheong Weng Chon, announced that the Macau Jockey Club concession would end on April 1, 2024, after a mutual agreement had been reached between the two sides.\n\n\n\nCheong revealed that the company requested the termination of the contract in 2023 due to \u201cexploitation difficulties,” a request accepted by the Government by mutual consent. The termination does not imply the payment of any compensation by the operator, which only needed to deduct around MOP150 million in taxes owed to the Public Administration.\n\n\n\nAfter negotiations were ignited in the middle of last year, all the existing facilities and land currently possessed by the horse racing operator will be unconditionally returned to the government.\n\n\n\nSubsequently, nearly 290 horses are set to be transferred to the Chinese mainland or other countries for follow-up arrangements no later than March 31, 2025. The race track will also have to find a solution for its more than 500 workers, with the concessionaire having to either compensate the dismissed workers or transfer them to positions in companies linked to the operator.\n\n\n\nAuthorities were also adamant that the almost 400,000-square-metre area would not be used for a \u201ccasino\u201d or for \u201cgaming\u201d purposes.\n\n\n\nFor gaming expert and lawyer Ant\u00f3nio Lobo Vilela, the decision to discontinue horse racing in Macau is not the most appropriate, considering it a distinctive feature that should be preserved.\n\n\n\n\u201cIn my view, discontinuing horse racing in Macau is misguided. Horse racing is a distinctive feature of Macau and should be cherished and supported rather than abandoned,\u201d Vilela told Macau Business.\n\n\n\n\u201cEconomic diversification doesn’t involve discontinuing distinctive features of Macau. It requires exploring opportunities beyond racing alone. Surprisingly, no one seems interested in developing the area into an integrated leisure zone. Preserving Macau’s distinctive features is vital for true economic diversification.”\n\n\n\nFor the former gaming legal consultant, the key question is whether the six gaming operators or other gaming companies were consulted as possible new racetrack managers.\n\n\n\n\u201cIt’s crucial to inquire whether the Hong Kong Jockey Club or if other interested operators were consulted,\u201d he added.\n\n\n\n\n\n\n\n \u201cIn my view, discontinuing horse racing in Macau is misguided. Horse racing is a distinctive feature of Macau and should be cherished and supported rather than abandoned\u201d – Ant\u00f3nio Lobo Vilela \n\n\n\n \u201cIn Macau some 20 years ago we had horse racing, greyhound racing, lotteries and casinos but in the end, casinos have outperformed all other forms of gaming products\u201d \u2013 Davis Fong   \n\n\n\n What is important is to draw some conclusions and understand if the problem was the operator or the product was just not appealing anymore\u201d \u2013 Rui Pinto Proen\u00e7a \n\n\n\n \u201cI think the operator was not putting the full effort to make it a profitable operation to keep it really vibrant\u201d – Niall Murray \n\n\n\n \u201cPreferences and fashions change; different generations have different priorities; technology evolves and promotes new game formats\u201d –  Jorge Godinho \n\n\n\n \u201cCulturally, it will be missed by our residents as it plays a significant part in our local culture. We could, however, retain some aspects of this history and its culture via a jockey club museum\u201d \u2013 Desmond Lam \n\n\n\n\n\n\n\nIn 2018, MJC was granted a 24-year extension to its concession until August 2042, following negotiations with the government. This was on the condition that the club would pour MOP1.5 billion in stages into an upgrade project to drive the city\u2019s economic diversification.\n\n\n\n\u201cThe area in question spans 404,000 square metres, and the proposed MOP1.5 billion investment over 24 years translated to MOP60 million per year. It’s concerning to witness a company relinquish such a substantial space due to challenges in creating an inclusive development beyond just horse racing,\u201d stated Vilela.\n\n\n\nFor Desmond Lam, a Professor in Integrated Resort and Tourism Management at the University of Macau, the lack of attendance and interest in horse locally racing betting was one of the main causes for the closing, but of course the role of the concessionaire could not be dismissed.\n\n\n\n\u201cThe inability to turn it around may be due to a lack of commitment by the operator to do so as strategies to maintain or even strive need to consider the investment outlays and possible returns; such that costs of doing so outweigh the potential benefits reaped,\u201d he added. \n\n\n\n\u201cIt must be also hard for MJC to invest in any viable non-gaming or modernizing activities that have significant financial benefits (i.e, to improve its book) in order to align itself to Macau\u2019s long-term goals.\u201d\n\n\n\nStill, the researcher considered that with horse racing still a big business worldwide, the closure of the Macau racetrack, together with the closing of the same type of activities in Singapore, will be a loss to this type of gaming business in the region.\n\n\n\n\n\n\n\nTurbulent end\n\n\n\nThe decision comes after months of reports of limitations imposed by authorities on the race track operations, including imports of horses from abroad and broadcasts of the races on foreign soil for increased betting.\n\n\n\nHowever, the authorization by the Macau government for the 2023\u20132024 racing season to go ahead seemed to be a sign that the foretold end of the track could be exaggerated.\n\n\n\nFor gaming researcher and historian Jorge Godinho, the demise of the race track is just part of the natural evolution of the gaming market.\n\n\n\n\u201cThe gaming industry is rich and diverse and, above all, very dynamic. Some games grow and attract a lot of demand, such as baccarat or sports betting. Other types of games, on the contrary, lose ground and are gradually abandoned by the betting public. This is the case, looking at the reality in Macau, of betting on horse races,\u201d Godinho said in an opinion article published at the newspaper Hoje Macau.\n\n\n\n\u201cPreferences and fashions change; different generations have different priorities; technology evolves and promotes new game formats. In this way, the interests of the players change, and player behaviour is never entirely predictable.\u201d\n\n\n\n\n\n\n\nA 40-year-old race\n\n\n\nThe 40-year-old history of the track begins in 1980 when a much different sport was destined for a new horse racing built on the Taipa landfill, horse harness racing. The Macau Trotting Club was an idea by businessman Yip Hon, however, the sport, unique in Asia, did not really take off.\n\n\n\nOn February 1, 1988, the track was changed to a more conventional hippodrome, and the next year STDM took full control of the Macau Jockey Club, with gaming tycoon Stanley Ho becoming its chairman and chief executive officer. \n\n\n\nNowadays, Angela Leong, spouse of the late gaming businessman and managing director at SJM, is the current administrator of the track. However, it hasn\u2019t been a smooth (horse) ride so far.\n\n\n\nSecretary for Administration and Justice, Andr\u00e9 Cheong, revealed that since 2002, the Macau Jockey Club, had recorded financial losses, having been unable to find \u201ca solution for the operation\u201d, especially during the three years of the pandemic. covid-19, a time when \u201cthe stakes have dropped a lot\u201d.\n\n\n\nShortly after the government announcement The MJC held its own press conference, in which it noted that it had accumulated operating losses exceeding MOP2.5 billion (US$310 million) and limited room for development and growth of the horse racing industry in Macau.\n\n\n\nAccording to official records, in 2023 the racetrack only saw MOP140 million (US$17.4 million) in betting volume.\n\n\n\nChanging times\n\n\n\nIn comments made during the latest edition of the MBtv Debates Series, Professor Davis Fong, Director of the Institute for the Study of Commercial Gaming at the University of Macau, reflected the same view.\n\n\n\n\u201cGambling products are competing with each other. More and more gamblers are coming to Macau and they may choose what gaming products they want. In Macau some 20 years ago we had horse racing, greyhound racing, lotteries and casinos but in the end, casinos have outperformed all other forms of gaming products,\u201d Davis Fong noted.\n\n\n\n\u201cWe can see in the United States, that every time you have a boom of casinos, you will see an increase in competition and pressure on other gambling products like horse racing. It is the nature of competition. Also, right next to us we already have the Hong Kong Jockey Club\u201d.\n\n\n\nIn fact many analysts pointed out that the surprise was not the impending closure of the racetrack, but the fact it received such a lengthy extension about six years ago.\n\n\n\n\u201cThe financial situation of the MJC was known, it was not sustainable. What is important is to draw some conclusions and understand if the problem was the operator or the product was just not appealing anymore,\u201d Rui Pinto Proen\u00e7a, Managing Partner of law firm MdME, said also at the recent MB.tv debate.\n\n\n\nAfter a K-Pop concert at the Olympic Sports Centre attracted as many as 40,000 spectators, Secretary for Social Affairs and Culture, Elsie Ao Ieong, even suggested that the MJC area could be used for future concerts if conditions allowed.\n\n\n\nStill, Proen\u00e7a expressed sadness at the situation, stating, it was the end of a \u201cpart of the city\u2019s history and of Stanley Ho\u2019s legacy\u201d.\n\n\n\nFor Desmond Lam the closing of the race track itself wouldn\u2019t be a great loss, considering it is not currently a \u201cvery attractive tourism product\u201d.\n\n\n\n\u201cCulturally, it will be missed by our residents as it plays a significant part in our local culture. We could, however, retain some aspects of this history and its culture via a jockey club museum. I can imagine the establishment of an interactive museum with high-tech exhibits and even live horses to attract tourists, which fit our current pursuit of non-gaming investment,\u201d the tourism and gaming researcher told Macau Business.\n\n\n\nFounder and Chairman of Murray International Group, Niall Murray, drew a comparison with the Hong Kong Jockey Club, highlighting a significant difference in investment.\n\n\n\nIn stark contrast to the local racecourse, the Hong Kong Jockey Club declared a record turnover of HK$304.8 billion in the 2022-23 season, an increase of 5.1 percent year on year, despite the effects of the Covid-19 pandemic.\n\n\n\nMurray remarked that \u201cthe passion and will to keep it going were lost\u201d when Stanley Ho stepped back from the operation.\n\n\n\n\u201cI think the operator was not putting the full effort to make it a profitable operation to keep it really vibrant,\u201d the gaming consultant added.", "date_published": "February 03, 2024", "date_modified": "February 05, 2024 - 16:16", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/Jockey-Club-Luis-Almoster1.jpg", "tags": [ "Gaming", "Macau", "Macau Business", "MAG", "MAG Featured", "MB", "MB Featured" ], "summary": "The end of the Macau Jockey Club was somehow expected by some, but its abrupt demise still came as a surprise. For many analysts, the dire financial situation of the racetrack was well known, and the question remains why such a lengthy 24-year concession was provided in the first place and why no more gaming uses will be given to the property in the future. All things considered, it is a part of Macau\u2019s gaming history that has disappeared." }, { "id": "https://www.macaubusiness.com/mbtv-debates-playing-the-new-cards/", "url": "https://www.macaubusiness.com/mbtv-debates-playing-the-new-cards/", "title": "MBtv Debates \u2013 Playing the new cards", "content_html": "\"\"\n

With the Year of the Dragon fast approaching, several gaming and economy experts joined the new Macau Business and Rui Cunha Foundation debate session to give an overview of the first year of the new gaming concessions. Analysts pointed out that clarity is still needed to guide gaming operators on their non-gaming investment commitments. Future gross gaming revenue with a mostly mass market and new restrictions on junket activities were also on the table of discussion.

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Nelson Moura

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Several local industry experts came together for the latest installment of the MBtv Debates Series organised by Macau Business and Rui Cunha Foundation (FRC). Titled \u201cThe New Gaming Concessions: One Year On\u201d, the conference at the FRC included the participation of Davis Fong, former legislator and academic specializing in gambling, Rui Pinto Proen\u00e7a, managing partner at law firm MdME, analyst Niall Murray, and economist Jos\u00e9 I. Duarte.

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The debate provided a roundup of the first year after the entry into force of the new gaming concessions to the six operators and how the market makeup has changed since its enforcement.

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Economist Jos\u00e9 Duarte, highlighted that the rejig was intended to bring greater control to a sector that faced unparalleled growth after the 2002 gaming industry liberalisation.

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However, the previous hotel infrastructure was predicated on the assumption that tourist numbers would continue to grow, which might not be in the case from now on.

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Making it crystal clear

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For Niall Murray, Founder and Chairman of Murray International Group, the new government diversification plans laid out to the operators came as a \u201cbit of a shock\u201d to the concessionaires.

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\u201cEspecially when you consider the 1+4 policy. In all my days working in integrated resorts, we never had experts in finance, Big Health, or high tech. I think there\u2019s a lot of head scratching going now, saying \u2018okay we will have to assist in this experiment, however we don\u2019t have the resources or expertise to do this\u2019,\u201d he described.

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Therefore, the consultant pointed out that operators are focusing on the goals they have more knowledge of, namely, MICE and cultural industries and sports.

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\u201cI think it is getting clearer, and certainty is coming but there was a lot of gray in the beginning. And there is still the need to have one overarching strategy that links and guides all these projects into one cohesive strategy that will get us to that 10-year goal. Otherwise, everyone is just trying their own thing,\u201d he added.

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Jos\u00e9 I. Duarte underlined that when it comes to policy concerning some of the non-gaming projects and the urban revitalization undertakings entrusted to the six casino concessionaires there is a need for clarification and coordination.

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\u201cIn some ways the government is trying to outsource activities that usually are in the domain of public policies and that is somewhat puzzling in the sense that there is no clear direction on what the objectives of those public policies are\u201d. The economist noted that authorities are asking private companies to define development in different areas in the city \u201cand not necessarily in a coordinated way.\u201d

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Growth via mass

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The director of the University of Macau Institute for the Study of Commercial Gaming, Davis Fong, pointed out that due to the current prevalence of the mass market in the Macau SAR, gross gaming revenue (GGR) values will now have a more sustainable growth that correlates to any increase in its visitor volume,

\n\n\n\n

\u201cI tried to calculate the average mass market between 2019 and 2023. If you look at the number of visitors and the number of mass markets, basically each player lost MOP15,000 (US$1,861). In Las Vegas that average is about $300 per gambler,\u201d he pointed out

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\u201cThat means our mass market has a much higher betting average than the mass market in Las Vegas\u201d.

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In pre-pandemic times, the city casino sector generated about MOP292 billion, while receiving some 39 million visitors.

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However, in 2023 the city welcomed about 28.23 million visitors in 2023, with the total gaming tally for the year, with casino gross gaming revenue (GGR) for calendar year 2023 stood at MOP183.06 billion.

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With the city\u2019s revenue made up now at about 80 percent being mass market and 20 percent being the VIP sector, a drastic shift from previous years, Fong pointed out that changes in the SAR gaming venues would now be easier to calculate.

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According to the researcher, if one were to pick the fourth quarter of 2023, add all the GGR, and divide it by three, this would represent around MOP18 billion per month.

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If one were to take the GGR of all year and divide it by the number of tourists it would be around MOP6,400 per visitor.

\n\n\n\n

\u201cThis was a very very stable number, and means that after one year of the new gaming model we understand that if we can keep growing the number of tourists, we can expect that about the same ratio of GGR will come back. So if we increase the number of visitors by 20 percent in 2024, there will be about a 20 percent rise in GGR,\u201d he concluded.

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Rui Pinto Proen\u00e7a, managing partner at law firm MdME highlighted that \u201cthe public policy objectives that were defined\u201d are being achieved, taking \u201cthe path towards a cleaner and more sustainable industry, which contributes to the diversification of the economy\u201d.

\n\n\n\n

Regarding the application of the provisions of the new law and contracts, the lawyer understands that both the Government and the concessionaires \u201care still learning and finding a balance between what is the letter of the law and contracts, as well as the reality of its application in everyday life\u201d.

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Concerning the Government’s desire to diversify tourist sources beyond mainland China, the lawyer expressed it was time to focus on a \u201clong-term strategy\u201d and that Macau has to \u201ccompete on the world stage with many other tourist destinations\u201d.

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\u201cOperators are already investing significant resources to attract players from other markets, but competition is fierce. I believe that the Government should do more here,\u201d he pointed out.

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\u201cOf course, there are infrastructures, transport, or work visas, and everything takes time, requiring some substantial investments. But there are also other measures that the Government could easily adopt and that would only require paper and a pen\u201d

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Nail in the \u2018junket coffin\u2019

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Another issue that ended end being discussed was the new legal hurdles being brought forth against junket operations, including the possibility of junkets being barred from providing credit.

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The new legal regime for granting credit for games of chance in casinos, currently under analysis by the deputies of the second standing committee of the Legislative Assembly (AL), will be \u201cthe final nail in the coffin\u201d for the junket sector in Macau.

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\u201cThis issue was not included in the original bill presented to the Assembly, but we know that it is being considered. In my opinion, this is the final nail in the coffin for the junket industry, but it is unlikely to have a major impact as far as operator revenues are concerned,\u201d Proen\u00e7a highlighted.

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Until a few years ago, the VIP junket sector served as the primary source of income for Macau\u2019s casinos, however, the enactment of new regulations last year marked a significant overhaul in the regulation of junket operations in the SAR.

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Apart from that an AL committee is currently evaluating a new \u2018Legal regime of credit concession for gambling in casinos\u2019 that recently passed the legislature\u2019s first reading.

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The committee chairman, Chan Chak Mo, revealed that authorities proposed significant amendments to the draft bill, suggesting that only licensed companies would be able to engage in providing credit to gamblers, while gaming intermediaries would be barred from this activity.

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Under existing regulations, both gaming concessionaires and junket operators are authorized to issue credit to players, with Chan explaining that in the future, only licensed companies could lend gaming chips to gamblers.

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Gaming promoters would then no longer lend chips but according to authorities would still be able to assist gaming operators in finding or accommodating gamblers, among other roles.

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The government explained that these modifications aimed to promote the healthy development of the gaming industry and consider risks, hence restricting gaming promoters to auxiliary roles.

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The changes, if effected, would be another considerable blow to the already depleted Macau junket and VIP gaming promotion industry.

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Under the new gaming law enforced this year, each Macau junket is permitted to partner with only a single gaming concessionaire.

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Authorities also recently established a cap of 50 for junket licensees in 2024 and a cap of 250 junket collaborators or intermediaries.

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Still, the number of licensed junkets at the moment goes even below that number, with 18 being licensed to operate in 2024, a stark contrast to over 100 licensed companies before the pandemic, or more than 200 junkets during the sector\u2019s heyday a decade ago.

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Proen\u00e7a also addressed another piece of legislation announced by the Executive Council at the end of the year, the \u2018Law on Combating Illegal Gambling Crimes\u2019, which is set to replace the current Illegal Gambling Law.

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The bill prohibits the operation, promotion, and organisation of online gambling and mutual betting, regardless of whether the systems and devices involved are located in Macau.

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The lawyer highlighted that the Government\u2019s objective appears to be to criminalize certain types of activities or behaviors associated with the disappearance of junkets, such as side betting and the exploitation of online games, as well as allowing police forces to have strengthened investigative powers and imposing heavier sanctions.

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\u201cThe big question that arises is whether the activity of unauthorized exchange of money for gambling will be criminalized, as indicated by the Secretary of Security in September last year\u201d, he stressed.

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Secretary for Security Wong Sio Chak revealed last year that legal authorities have started analysing the possibility of criminalising illegal money exchange in a bid to curb the rise in such activities and enhance law enforcement efficiency.

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\n", "content_text": "With the Year of the Dragon fast approaching, several gaming and economy experts joined the new Macau Business and Rui Cunha Foundation debate session to give an overview of the first year of the new gaming concessions. Analysts pointed out that clarity is still needed to guide gaming operators on their non-gaming investment commitments. Future gross gaming revenue with a mostly mass market and new restrictions on junket activities were also on the table of discussion.\n\n\n\nNelson Moura\n\n\n\n\n\n\n\nSeveral local industry experts came together for the latest installment of the MBtv Debates Series organised by Macau Business and Rui Cunha Foundation (FRC). Titled \u201cThe New Gaming Concessions: One Year On\u201d, the conference at the FRC included the participation of Davis Fong, former legislator and academic specializing in gambling, Rui Pinto Proen\u00e7a, managing partner at law firm MdME, analyst Niall Murray, and economist Jos\u00e9 I. Duarte.\n\n\n\nThe debate provided a roundup of the first year after the entry into force of the new gaming concessions to the six operators and how the market makeup has changed since its enforcement.\n\n\n\nEconomist Jos\u00e9 Duarte, highlighted that the rejig was intended to bring greater control to a sector that faced unparalleled growth after the 2002 gaming industry liberalisation.\n\n\n\nHowever, the previous hotel infrastructure was predicated on the assumption that tourist numbers would continue to grow, which might not be in the case from now on.\n\n\n\n\n\n\n\n\n\n\n\nMaking it crystal clear\n\n\n\nFor Niall Murray, Founder and Chairman of Murray International Group, the new government diversification plans laid out to the operators came as a \u201cbit of a shock\u201d to the concessionaires.\n\n\n\n\u201cEspecially when you consider the 1+4 policy. In all my days working in integrated resorts, we never had experts in finance, Big Health, or high tech. I think there\u2019s a lot of head scratching going now, saying \u2018okay we will have to assist in this experiment, however we don\u2019t have the resources or expertise to do this\u2019,\u201d he described.\n\n\n\nTherefore, the consultant pointed out that operators are focusing on the goals they have more knowledge of, namely, MICE and cultural industries and sports.\n\n\n\n\u201cI think it is getting clearer, and certainty is coming but there was a lot of gray in the beginning. And there is still the need to have one overarching strategy that links and guides all these projects into one cohesive strategy that will get us to that 10-year goal. Otherwise, everyone is just trying their own thing,\u201d he added.\n\n\n\nJos\u00e9 I. Duarte underlined that when it comes to policy concerning some of the non-gaming projects and the urban revitalization undertakings entrusted to the six casino concessionaires there is a need for clarification and coordination. \n\n\n\n\u201cIn some ways the government is trying to outsource activities that usually are in the domain of public policies and that is somewhat puzzling in the sense that there is no clear direction on what the objectives of those public policies are\u201d. The economist noted that authorities are asking private companies to define development in different areas in the city \u201cand not necessarily in a coordinated way.\u201d\n\n\n\n\n\n\n\nGrowth via mass\n\n\n\nThe director of the University of Macau Institute for the Study of Commercial Gaming, Davis Fong, pointed out that due to the current prevalence of the mass market in the Macau SAR, gross gaming revenue (GGR) values will now have a more sustainable growth that correlates to any increase in its visitor volume,\n\n\n\n\u201cI tried to calculate the average mass market between 2019 and 2023. If you look at the number of visitors and the number of mass markets, basically each player lost MOP15,000 (US$1,861). In Las Vegas that average is about $300 per gambler,\u201d he pointed out\n\n\n\n\u201cThat means our mass market has a much higher betting average than the mass market in Las Vegas\u201d.\n\n\n\nIn pre-pandemic times, the city casino sector generated about MOP292 billion, while receiving some 39 million visitors.\n\n\n\nHowever, in 2023 the city welcomed about 28.23 million visitors in 2023, with the total gaming tally for the year, with casino gross gaming revenue (GGR) for calendar year 2023 stood at MOP183.06 billion.\n\n\n\nWith the city\u2019s revenue made up now at about 80 percent being mass market and 20 percent being the VIP sector, a drastic shift from previous years, Fong pointed out that changes in the SAR gaming venues would now be easier to calculate.\n\n\n\n\n\n\n\n\n\n\n\nAccording to the researcher, if one were to pick the fourth quarter of 2023, add all the GGR, and divide it by three, this would represent around MOP18 billion per month.\n\n\n\nIf one were to take the GGR of all year and divide it by the number of tourists it would be around MOP6,400 per visitor.\n\n\n\n\u201cThis was a very very stable number, and means that after one year of the new gaming model we understand that if we can keep growing the number of tourists, we can expect that about the same ratio of GGR will come back. So if we increase the number of visitors by 20 percent in 2024, there will be about a 20 percent rise in GGR,\u201d he concluded.\n\n\n\nRui Pinto Proen\u00e7a, managing partner at law firm MdME highlighted that \u201cthe public policy objectives that were defined\u201d are being achieved, taking \u201cthe path towards a cleaner and more sustainable industry, which contributes to the diversification of the economy\u201d.\n\n\n\nRegarding the application of the provisions of the new law and contracts, the lawyer understands that both the Government and the concessionaires \u201care still learning and finding a balance between what is the letter of the law and contracts, as well as the reality of its application in everyday life\u201d.\n\n\n\nConcerning the Government’s desire to diversify tourist sources beyond mainland China, the lawyer expressed it was time to focus on a \u201clong-term strategy\u201d and that Macau has to \u201ccompete on the world stage with many other tourist destinations\u201d.\n\n\n\n\u201cOperators are already investing significant resources to attract players from other markets, but competition is fierce. I believe that the Government should do more here,\u201d he pointed out. \n\n\n\n\u201cOf course, there are infrastructures, transport, or work visas, and everything takes time, requiring some substantial investments. But there are also other measures that the Government could easily adopt and that would only require paper and a pen\u201d\n\n\n\n\n\n\n\nNail in the \u2018junket coffin\u2019\n\n\n\nAnother issue that ended end being discussed was the new legal hurdles being brought forth against junket operations, including the possibility of junkets being barred from providing credit.\n\n\n\nThe new legal regime for granting credit for games of chance in casinos, currently under analysis by the deputies of the second standing committee of the Legislative Assembly (AL), will be \u201cthe final nail in the coffin\u201d for the junket sector in Macau.\n\n\n\n\u201cThis issue was not included in the original bill presented to the Assembly, but we know that it is being considered. In my opinion, this is the final nail in the coffin for the junket industry, but it is unlikely to have a major impact as far as operator revenues are concerned,\u201d Proen\u00e7a highlighted.\n\n\n\nUntil a few years ago, the VIP junket sector served as the primary source of income for Macau\u2019s casinos, however, the enactment of new regulations last year marked a significant overhaul in the regulation of junket operations in the SAR.\n\n\n\nApart from that an AL committee is currently evaluating a new \u2018Legal regime of credit concession for gambling in casinos\u2019 that recently passed the legislature\u2019s first reading.\n\n\n\nThe committee chairman, Chan Chak Mo, revealed that authorities proposed significant amendments to the draft bill, suggesting that only licensed companies would be able to engage in providing credit to gamblers, while gaming intermediaries would be barred from this activity.\n\n\n\nUnder existing regulations, both gaming concessionaires and junket operators are authorized to issue credit to players, with Chan explaining that in the future, only licensed companies could lend gaming chips to gamblers.\n\n\n\nGaming promoters would then no longer lend chips but according to authorities would still be able to assist gaming operators in finding or accommodating gamblers, among other roles.\n\n\n\n\n\n\n\nThe government explained that these modifications aimed to promote the healthy development of the gaming industry and consider risks, hence restricting gaming promoters to auxiliary roles.\n\n\n\nThe changes, if effected, would be another considerable blow to the already depleted Macau junket and VIP gaming promotion industry.\n\n\n\nUnder the new gaming law enforced this year, each Macau junket is permitted to partner with only a single gaming concessionaire.\n\n\n\nAuthorities also recently established a cap of 50 for junket licensees in 2024 and a cap of 250 junket collaborators or intermediaries.\n\n\n\nStill, the number of licensed junkets at the moment goes even below that number, with 18 being licensed to operate in 2024, a stark contrast to over 100 licensed companies before the pandemic, or more than 200 junkets during the sector\u2019s heyday a decade ago.\n\n\n\nProen\u00e7a also addressed another piece of legislation announced by the Executive Council at the end of the year, the \u2018Law on Combating Illegal Gambling Crimes\u2019, which is set to replace the current Illegal Gambling Law.\n\n\n\nThe bill prohibits the operation, promotion, and organisation of online gambling and mutual betting, regardless of whether the systems and devices involved are located in Macau.\n\n\n\nThe lawyer highlighted that the Government\u2019s objective appears to be to criminalize certain types of activities or behaviors associated with the disappearance of junkets, such as side betting and the exploitation of online games, as well as allowing police forces to have strengthened investigative powers and imposing heavier sanctions. \n\n\n\n\u201cThe big question that arises is whether the activity of unauthorized exchange of money for gambling will be criminalized, as indicated by the Secretary of Security in September last year\u201d, he stressed.\n\n\n\nSecretary for Security Wong Sio Chak revealed last year that legal authorities have started analysing the possibility of criminalising illegal money exchange in a bid to curb the rise in such activities and enhance law enforcement efficiency.", "date_published": "February 02, 2024", "date_modified": "February 03, 2024 - 01:37", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/02/IMG_2816.jpg", "tags": [ "Gaming", "Macau", "Macau Business", "MAG", "MB", "MB Featured", "MB.tv" ], "summary": "With the Year of the Dragon fast approaching, several gaming and economy experts joined the new Macau Business and Rui Cunha Foundation debate session to give an overview of the first year of the new gaming concessions. Analysts pointed out that clarity is still needed to guide gaming operators on their non-gaming investment commitments. Future gross gaming revenue with a mostly mass market and new restrictions on junket activities were also on the table of discussion." }, { "id": "https://www.macaubusiness.com/%e3%80%90%e5%b0%81%e9%9d%a2%e6%95%85%e4%ba%8b%e3%80%91%e8%ad%89%e5%88%b8%e5%ae%89%e5%85%a8/", "url": "https://www.macaubusiness.com/%e3%80%90%e5%b0%81%e9%9d%a2%e6%95%85%e4%ba%8b%e3%80%91%e8%ad%89%e5%88%b8%e5%ae%89%e5%85%a8/", "title": "\u3010\u5c01\u9762\u6545\u4e8b\u3011\u8b49\u5238\u5b89\u5168", "content_html": "\"\"\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n
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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n
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\n\n\n\n

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\n\n\n\n
\"\"
\n\n\n\n

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\n\n\n\n

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\n", "content_text": 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"date_published": "January 29, 2024", "date_modified": "January 29, 2024 - 03:34", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/01/Stocks.png", "tags": [ "Business Intelligence", "MAG", "MB", "MB Featured" ], "summary": "\u653f\u5e9c\u6b63\u8457\u624b\u6e96\u5099\u63a8\u51fa\u65b0\u8b49\u5238\u6cd5\uff0c\u6309\u6240\u7372\u5f97\u8a72\u8349\u6848\u7684\u8aee\u8a62\u6587\u672c\uff0c\u6fb3\u9580\u92b3\u610f\u767c\u5c55\u201c\u73fe\u4ee3\u91d1\u878d\u201d\uff0c\u8a72\u6cd5\u65e8\u5728\u5be6\u73fe\u76e3\u7ba1\u8207\u5275\u65b0\u4e4b\u9593\u7684\u5e73\u8861\u3002\u6839\u64da\u300a\u8b49\u5238\u6cd5\u300b\u8aee\u8a62\u6587\u672c\uff0c\u8ca0\u8cac\u76e3\u7763\u672c\u5730\u91d1\u878d\u696d\u7684\u5be6\u9ad4\u64c1\u6709\u8abf\u67e5\u3001\u6aa2\u67e5\u548c\u57f7\u6cd5\u6b0a\u529b\uff0c\u76e3\u7ba1\u5c0d\u8c61\u9664\u4e86\u50b5\u5238\u548c\u8b49\u5238\u767c\u884c\u4eba\u5916\uff0c\u9084\u5305\u62ec\u53c3\u8207\u8a72\u884c\u696d\u7684\u5f8b\u5e2b\u548c\u6703\u8a08\u5e2b\u3002\u65b0\u7684\u76e3\u7ba1\u6846\u67b6\u4e5f\u5c07\u70ba\u8a72\u9818\u57df\u7684\u5275\u65b0\u6280\u8853\u61c9\u7528\u63d0\u4f9b\u7a7a\u9593\uff0c\u5c24\u5176\u662f\u5340\u584a\u93c8\u548c\u5206\u6563\u5f0f\u5e33\u672c\u6280\u8853\u3002" }, { "id": "https://www.macaubusiness.com/waking-up-from-a-long-slumber/", "url": "https://www.macaubusiness.com/waking-up-from-a-long-slumber/", "title": "Hotel Central waking up from a long slumber", "content_html": "\"\"\n

A revamped and rejuvenated Hotel Central, one of the city\u2019s iconic historical hotels, is set to open its doors in the first quarter of 2024. The owner of the property, Simon Sio from the Lek Heng Group, tells Macau Business the historical hotel underwent a careful restoration process aimed at preserving its history and charm, while helping to boost the hospitality offerings in the Senado Square and San Ma Lo area.

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Nelson Moura

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The almost 100-year-old Hotel Central on Avenida de Almeida Ribeiro is preparing to open to the public after undergoing a series of renovation works.

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The Macau Historical Centre property, which a consortium paid MOP1.5 billion (US$186,4 million) for in early 2016, is slated to begin operating in the first quarter of 2024 and offer 114 new rooms.

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Its new owner, Simon Sio, manager of the local property developer Lek Heng Group, who spent his childhood in the same area, has always reiterated that the revamp would help preserve the hotel’s history and help revitalize the Senado Square area.

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The hotel first opened in 1928, with the then-six-story hotel named Presidente at the time, before being renamed Central in 1932. 

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In 1937, the hotel received investment from the Tai Heng Company, at the time the exclusive concessionaire for the operation of games of chance, controlled by traders Fu Tak Iam and Kou Ho Neng. 

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 \u201cThe renovation of Hotel Central followed the principle of ‘restoring the old to the old\u2019. We used durable and long-lasting materials, regardless of the cost, to enable the hotel to keep its former glory for another century\u201d – Simon Sio, owner of Hotel Central

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Tai Heng renovated the hotel and, that same year, opened the Central Hotel and Casino, offering gaming space on its fifth and seventh floors.

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More floors were built in 1942, following a request to the Government of Portugal, reaching a total of 12, which helped make not just the tallest building in the city but also of the entire Portuguese overseas colonial territories.

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However, in the early 1960s, when STDM received the main gaming concession in Macau, the Hotel Central casino was forced to close, initiating the hotel’s decline and several decades of abandonment.

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\u201cIn 2009, I learned that some shareholders of the hotel wanted to sell their shares. Recognising the hotel’s rarity, historical value, and business potential, I contacted them. After seven years of hard negotiations, I finally purchased all the shares of the Hotel Central in 2016 for almost MOP1.5 billion,\u201d Sio told Macau Business.

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\u201cIt took an additional three years to obtain the necessary approvals for the restoration and redevelopment of the hotel. Construction began at the end of 2019, coinciding with the onset of the COVID-19 pandemic.\u201d

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Recovering an old giant

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Hotel Central required three primary types of rehabilitation and reconstruction work: foundation strengthening, structural reinforcement, and interior redecoration.

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According to Sio, the hotel underwent expansion in stages from the mid-1930s to the early 1940s, increasing from its original seven floors to its current 11 floors without any improvements to the foundations, which lacked piles.

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Over the years, the foundations had to bear heavy loads, and the hotel suffered serious structural damage due to poor maintenance; therefore, extensive repairs were necessary before the hotel could reopen.

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\u201cAfter consulting with experts and scholars from various fields, I decided to restore and reinforce the hotel from the foundation, regardless of the cost. I used a self-developed method of pile drilling to drive 129 piles under the original foundation without piles to significantly increase the hotel’s overall load capacity,\u201d the developer pointed out.

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The structure above ground level also had to be rebuilt by enlarging the cross-section to make the entire building more stable from the bottom up.

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Furthermore, as a result of outdated construction technologies and materials, the exterior walls of Hotel Central have become fragile over time, posing safety risks after nearly a century of exposure to the elements.

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To ensure the stability and durability of the wall structure, the Lek hang construction team utilised a special process to fix the interior of the external walls with stainless steel mesh and anchoring. Upon completion of the project, the external walls became more stable and highly waterproof.

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Preserving the charm

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The property is considered one of the architectural cornerstones of the complexes and sites in that area according to the Cultural Heritage Protection Law.

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This implied a careful collaboration between the developer and the Cultural Affairs Bureau, to make sure that the main elements of the hotels facade were kept.

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The hotel\u2019s main billboard letters on its rooftop, for example, were also kept in their original size and font.

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 \u201cThe renovation of Hotel Central followed the principle of ‘restoring the old to the old\u2019. We used durable and long-lasting materials, regardless of the cost, to enable the hotel to keep its former glory for another century,\u201d Sio highlighted.

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\u201cAfter restoration and revitalization, Hotel Central will have 11 storeys and 114 rooms. Each pair of floors will be designed to reflect a specific era, featuring a nostalgic theme and highly intelligent, eco-friendly facilities.\u201d

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The rooms located on the 5th and 6th floors will be inspired in the 1920s, with those on the 7th and 8th floors inspired in the 1930s, and those on the 9th and 10th floors inspired in the 1940s.

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The hotel formerly held casinos on the 5th and 7th floors of the building and was the first building in Macau with elevators.

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In the revamped property the first to third floors will be reserved for commercial use, with the lobby on the fourth and the about 100 hotel rooms to be included located from the 6th floor up.

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 The ground floor of Hotel Central will also feature a gallery showcasing the 100-year history of Avenida de Almeida Ribeiro and the hotel through different pictures and an introduction by Ieng Weng Fat, a renowned Macau historian.

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One of the most enticing new attractions the revamped property will offer to tourists visiting the area will be its rooftop promenade on the 11th floor which will allow guests and visitors a rare 360-degree view of the city\u2019s historical centre.

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\u201cIt is also important to mention that the Palace Restaurant on the 4th floor will be reopening to serve the hotel’s auxiliary needs and support Macau in promoting itself as the ‘Creative City of Gastronomy\u2019,\u201d he added.

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One thing is sure, the new hotel will not provide a casino as it did for many years, when it received a steady flow of adventurers, pirates, criminals, and gamblers from all corners of the world.

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In the end, Sio concluded that he hoped Hotel Central could set a new standard in the heart of Avenida de Almeida Ribeiro and serve as a positive example for the revitalisation of Macau\u2019s historic district.

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Hotel Central has amassed many intriguing and curious facts during its 100-year history

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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n", "content_text": "A revamped and rejuvenated Hotel Central, one of the city\u2019s iconic historical hotels, is set to open its doors in the first quarter of 2024. The owner of the property, Simon Sio from the Lek Heng Group, tells Macau Business the historical hotel underwent a careful restoration process aimed at preserving its history and charm, while helping to boost the hospitality offerings in the Senado Square and San Ma Lo area.\n\n\n\nNelson Moura\n\n\n\n\n\n\n\n\n\n\n\nThe almost 100-year-old Hotel Central on Avenida de Almeida Ribeiro is preparing to open to the public after undergoing a series of renovation works.\n\n\n\nThe Macau Historical Centre property, which a consortium paid MOP1.5 billion (US$186,4 million) for in early 2016, is slated to begin operating in the first quarter of 2024 and offer 114 new rooms.\n\n\n\nIts new owner, Simon Sio, manager of the local property developer Lek Heng Group, who spent his childhood in the same area, has always reiterated that the revamp would help preserve the hotel’s history and help revitalize the Senado Square area.\n\n\n\nThe hotel first opened in 1928, with the then-six-story hotel named Presidente at the time, before being renamed Central in 1932. \n\n\n\nIn 1937, the hotel received investment from the Tai Heng Company, at the time the exclusive concessionaire for the operation of games of chance, controlled by traders Fu Tak Iam and Kou Ho Neng. \n\n\n\n\n\n\n\n  \u201cThe renovation of Hotel Central followed the principle of ‘restoring the old to the old\u2019. We used durable and long-lasting materials, regardless of the cost, to enable the hotel to keep its former glory for another century\u201d – Simon Sio, owner of Hotel Central \n\n\n\nTai Heng renovated the hotel and, that same year, opened the Central Hotel and Casino, offering gaming space on its fifth and seventh floors.\n\n\n\nMore floors were built in 1942, following a request to the Government of Portugal, reaching a total of 12, which helped make not just the tallest building in the city but also of the entire Portuguese overseas colonial territories.\n\n\n\nHowever, in the early 1960s, when STDM received the main gaming concession in Macau, the Hotel Central casino was forced to close, initiating the hotel’s decline and several decades of abandonment.\n\n\n\n\u201cIn 2009, I learned that some shareholders of the hotel wanted to sell their shares. Recognising the hotel’s rarity, historical value, and business potential, I contacted them. After seven years of hard negotiations, I finally purchased all the shares of the Hotel Central in 2016 for almost MOP1.5 billion,\u201d Sio told Macau Business.\n\n\n\n\u201cIt took an additional three years to obtain the necessary approvals for the restoration and redevelopment of the hotel. Construction began at the end of 2019, coinciding with the onset of the COVID-19 pandemic.\u201d\n\n\n\n\n\n\n\nRecovering an old giant\n\n\n\nHotel Central required three primary types of rehabilitation and reconstruction work: foundation strengthening, structural reinforcement, and interior redecoration.\n\n\n\nAccording to Sio, the hotel underwent expansion in stages from the mid-1930s to the early 1940s, increasing from its original seven floors to its current 11 floors without any improvements to the foundations, which lacked piles.\n\n\n\nOver the years, the foundations had to bear heavy loads, and the hotel suffered serious structural damage due to poor maintenance; therefore, extensive repairs were necessary before the hotel could reopen.\n\n\n\n\u201cAfter consulting with experts and scholars from various fields, I decided to restore and reinforce the hotel from the foundation, regardless of the cost. I used a self-developed method of pile drilling to drive 129 piles under the original foundation without piles to significantly increase the hotel’s overall load capacity,\u201d the developer pointed out.\n\n\n\nThe structure above ground level also had to be rebuilt by enlarging the cross-section to make the entire building more stable from the bottom up.\n\n\n\nFurthermore, as a result of outdated construction technologies and materials, the exterior walls of Hotel Central have become fragile over time, posing safety risks after nearly a century of exposure to the elements.\n\n\n\nTo ensure the stability and durability of the wall structure, the Lek hang construction team utilised a special process to fix the interior of the external walls with stainless steel mesh and anchoring. Upon completion of the project, the external walls became more stable and highly waterproof.\n\n\n\n\n\n\n\nPreserving the charm\n\n\n\nThe property is considered one of the architectural cornerstones of the complexes and sites in that area according to the Cultural Heritage Protection Law.\n\n\n\nThis implied a careful collaboration between the developer and the Cultural Affairs Bureau, to make sure that the main elements of the hotels facade were kept.\n\n\n\nThe hotel\u2019s main billboard letters on its rooftop, for example, were also kept in their original size and font.\n\n\n\n \u201cThe renovation of Hotel Central followed the principle of ‘restoring the old to the old\u2019. We used durable and long-lasting materials, regardless of the cost, to enable the hotel to keep its former glory for another century,\u201d Sio highlighted.\n\n\n\n\u201cAfter restoration and revitalization, Hotel Central will have 11 storeys and 114 rooms. Each pair of floors will be designed to reflect a specific era, featuring a nostalgic theme and highly intelligent, eco-friendly facilities.\u201d\n\n\n\nThe rooms located on the 5th and 6th floors will be inspired in the 1920s, with those on the 7th and 8th floors inspired in the 1930s, and those on the 9th and 10th floors inspired in the 1940s.\n\n\n\nThe hotel formerly held casinos on the 5th and 7th floors of the building and was the first building in Macau with elevators.\n\n\n\nIn the revamped property the first to third floors will be reserved for commercial use, with the lobby on the fourth and the about 100 hotel rooms to be included located from the 6th floor up.\n\n\n\n The ground floor of Hotel Central will also feature a gallery showcasing the 100-year history of Avenida de Almeida Ribeiro and the hotel through different pictures and an introduction by Ieng Weng Fat, a renowned Macau historian.\n\n\n\nOne of the most enticing new attractions the revamped property will offer to tourists visiting the area will be its rooftop promenade on the 11th floor which will allow guests and visitors a rare 360-degree view of the city\u2019s historical centre.\n\n\n\n\u201cIt is also important to mention that the Palace Restaurant on the 4th floor will be reopening to serve the hotel’s auxiliary needs and support Macau in promoting itself as the ‘Creative City of Gastronomy\u2019,\u201d he added.\n\n\n\nOne thing is sure, the new hotel will not provide a casino as it did for many years, when it received a steady flow of adventurers, pirates, criminals, and gamblers from all corners of the world.\n\n\n\nIn the end, Sio concluded that he hoped Hotel Central could set a new standard in the heart of Avenida de Almeida Ribeiro and serve as a positive example for the revitalisation of Macau\u2019s historic district.\n\n\n\n\n\n\n\nHotel Central has amassed many intriguing and curious facts during its 100-year history\n\n\n\n\n\n\n\nThe hotel was officially inaugurated in 1928 as Hotel Presidente, in a grand ceremony presided over by the then-governor of the city, Tamagnini Barbosa.At the time, the hotel had 80 rooms and cost about half a million patacas to build.\n\n\n\nUpon its opening, newspapers at the time highlighted some of the main attractions, including the hotel\u2019s ten dining rooms, roof garden, two elevators with a capacity for 9 people each, a \u201csplendid\u201d cinematograph room, and the fact that it housed a refrigerator\u2014a novelty in the city at the time. According to the report, crowds gathered to use the elevators to go up to the hotel\u2019s rooftop and enjoy the view. The electric system for the hotel and its elevators was provided by Melco, not yet a gaming concessionaire, but an electricity company at the time.\n\n\n\nThe property also offered billiard rooms, a hairdresser, and its dance ballrooms, including the renowned Grand Central Cabaret, which opened in 1937 on its 6th floor. It operated every day from 9:00 pm to 2:00 am and featured a dancing show with Filipino performers. Many of China\u2019s most famous dance troupes passed through its ballroom after being forced to leave the country following the Japanese invasion and the Second World War.\n\n\n\nWhen tycoon Huo Zhiting built the International Hotel at the end of San Ma Lou, he ordered it to have nine floors so that when it opened in 1941, it would be taller than the Central Hotel. This prompted those responsible for Hotel Central to immediately order an expansion and renovation of the building, adding two more floors by 1942 and making it once again the tallest structure in Macau with 11 floors.", "date_published": "January 28, 2024", "date_modified": "January 29, 2024 - 00:46", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/01/IMG_0473.jpg", "tags": [ "Macau", "Macau Business", "MAG", "MB", "MB Featured" ], "summary": "A revamped and rejuvenated Hotel Central, one of the city\u2019s iconic historical hotels, is set to open its doors in the first quarter of 2024. The owner of the property, Simon Sio from the Lek Heng Group, tells Macau Business the historical hotel underwent a careful restoration process aimed at preserving its history and charm, while helping to boost the hospitality offerings in the Senado Square and San Ma Lo area." }, { "id": "https://www.macaubusiness.com/security-in-the-securities/", "url": "https://www.macaubusiness.com/security-in-the-securities/", "title": "Security in the securities", "content_html": "\"\"\n

The new securities law is in the works and Macau Business had access to the consultation paper which aims to strike a balance between supervision and innovation as the city embraces \u2018modern finance\u2019.

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The supervisory entity responsible for overseeing the local financial sector will have investigation, inspection, and law enforcement powers over not just bond and securities issuers, but also lawyers and accountants involved in the sector, according to the consultation paper for the new securities law. The new regulatory framework will also allow space for the implementation of new technologies in the sector, particularly blockchain and distributed ledger technology.

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A new Securities Law is in the works in the Macau SAR, as authorities aim to continue developing the financial sector and attract more companies to set up shop in the city.

\n\n\n\n

With the changes in the New Financial System Act, which came into force on November 1, a framework for the public issuance of bonds in Macau was officially implemented. 

\n\n\n\n

In a statement, the Macau Monetary Authority of Macau indicated it has carried out an \u201cexhaustive analysis and revisedthe guidelines and administrative procedures relating to bond activity\u201d.

\n\n\n\n

The de facto central bank of the city also launched a first round of consultations with the sector concerning a new Securities Law, with Macau Business getting access to the consultation document.

\n\n\n\n

In the document, the SAR government states that the modern financial sector will play a \u201cpivotal role\u201d in line with the strategy of appropriate diversification, known as \u201c1+4\u201d.

\n\n\n\n

\u201cIn 2021, the financial sector became the second-largest industry in MSAR, increasing from 6.9 per cent of the total value added in 2019 to 15.4 per cent in 2021. By the end of the third quarter of 2022, the total value of assets in the financial industry reached around MOP 2.7 trillion, equivalent to 19 times the value recorded in the year of Macau\u2019s handover,\u201d the document adds.

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Harnessing bond power

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The authorities underlined that there has been a gradual expansion of Macau\u201ds bond market, accompanied by a progressive increase in the variety of issued bonds.

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For the executive, the creation of a securities market equipped with adequate financial infrastructure represents a decisive instrument for the coordinated development of the MSAR and the Guangdong-Macau In-depth Cooperation Zone in Hengqin.

\n\n\n\n

It will also, allow for the attraction of issuers and investors to the local securities market; the integration into the Renminbi internationalisation process; market diversification through the issuance of various types of securities, plus the contribution to strengthening the connection between the PRC, Portuguese-speaking Countries, and other countries and regions, and the creation of new employment.

\n\n\n\n

The city\u201ds bond market has surged to an impressive MOP502 billion as of September 2023, with approximately 32 per cent of bonds denominated in mainland Chinese currency, as reported by the China (Macau) Financial Asset Exchange.

\n\n\n\n

These included local and foreign issuances, covering different types, namely corporate bonds, financial bonds and green bonds.

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However, most of the listings were either by mainland state-controlled entities or even government authorities, including issuances of debt securities by the Ministry of Finance of China and the Government of Guangdong Province.

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With this Securities Law bill, the Macau government aims to establish a general regulatory framework that can assist the operations of the Macau Securities Depository Centre (MSDC) and the local securities market.

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In 2021, the MSDC ensured the registration, custody, settlement, and clearing of securities and was authorised to join the International Securities Services Association and the SWIFT International system.

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\u201cThe aim is now, through this consultation, to fully listen to the opinions and recommendations of associations and other relevant entities in the financial sector of the Macau SAR.\u201d

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The executive also plans to collect opinions from the Office of the President of the Court of Final Instance and the Public Prosecutions Office, as well as representative bodies of the professional classes involved.

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One entity to rule them all

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The Macau government wants the law to be a \u201cfundamental innovative milestone\u201d in the regulation and development of the securities market.

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\u201cThe bill represents an essential tool to ensure the integrity of securities, minimise risks associated with their trading and circulation, guarantee best practices and fair treatment of all participants, reduce systemic risk, and establish adequate mechanisms for supervision, oversight, and regulation,\u201d reads the document.

\n\n\n\n

One of the objectives of the bill is to establish the supervisory, monitoring, and regulatory powers of the securities market regulatory entity.

\n\n\n\n

This entity will be responsible for the supervision of the parties involved in the financial sector, including bond issuers, lawyers, and accountants, and will be endowed with regulatory powers, as well as investigation, inspection, and law enforcement powers.

\n\n\n\n

\u201cThe regulator has been granted a wide range of prudential supervision and ongoing monitoring powers, as well as appropriate powers of oversight and direct intervention, to ensure the regulator\u2019s immediate response capability whenever the protection of investors\u201d interests and market stability demands it,\u201d AMCM notes.

\n\n\n\n

The watchdog will not only be responsible for instructing the sanctioning procedures that fall within the scope of its competencies but also providing broad powers of direct intervention with market participants to protect investors\u201d interests promptly and guarantee market stability.

\n\n\n\n

In administrative infractions, the power to apply fines and additional sanctions, as well as to suspend them, belongs to the Chief Executive, without prejudice to delegation under the terms of the law.

\n\n\n\n

The supervising entity may request delivery or proceed with the seizure, freezing, or inspection of any documents, assets, or objects related to the commission of illicit acts, regardless of the nature of their support.

\n\n\n\n

It may also seal objects not seized in the facilities of individuals or entities subject to its supervision and request from any individuals or entities all clarifications and information deemed necessary for investigations or the instruction of processes under its jurisdiction.

\n\n\n\n

Supervision and innovation

\n\n\n\n

The SAR government took the financial regulations used in mainland China, Hong Kong, Portugal and Luxembourg as references to define the proposed law.

\n\n\n\n

The new law will propose the adoption of a non-closed concept of securities, to leave room for the future introduction of derivatives and other financial products on the market.

\n\n\n\n

The bill defines securities as representative documents of homogeneous legal situations suitable for trading in the market. These include shares, bonds; units of participation in collective investment institutions; autonomous warrants; detached rights from securities and other representative documents capable of market transmission.

\n\n\n\n

The document also highlights that although dematerialized securities are an \u201cinternational trend\u201d, it recommends that the new securities law continue to recognise existing certificated securities, allowing their conversion into book-entry securities; however, the reverse conversion, from book-entry securities to certificated securities, would not be permitted.

\n\n\n\n

\u201cConsidering the international trend of applying technology in securities markets, we leave legislative leeway for the future implementation of new technologies, particularly blockchain technology and distributed ledger technology, which are increasingly prominent internationally in trading platforms or infrastructures,\u201d the document adds.

\n\n\n\n

As for the development of a secondary market, the executive used the European Union’s Markets Financial Instruments Directive as a reference while applying \u201cappropriate simplifications in line with the scale of Macau\u2019s market and its legal sources.\u201d.

\n\n\n\n

\u201cThus, we propose that organised trading platforms include stock exchanges, Multilateral Trading Facilities (MTFs), and other organised trading platforms authorised by the regulatory entity,\u201d the document adds.

\n\n\n\n

The establishment of an organized trading platform will depend on authorization granted by the Chief Executive, following the opinion of the regulatory entity.

\n\n\n\n

The securities traded in the market will be subject to negotiability requirements, being freely negotiable, fungible, and unencumbered securities, and it is up to the management entity to decide on their admission to trading, and regularly inform the regulatory entity.

\n\n\n\n

The management entities will also be obligated to report suspicious orders and transactions that may constitute market abuse, such as obligated to immediately report to the regulatory entity any orders and transactions suspected of constituting market abuse.

\n\n\n\n

Infractions in the securities market will be classified as “very serious”, “serious” and “minor”. Fines could vary from MOP2 million to MOP10 million, MOP20,000 to MOP5 million, and 20,000 to MOP3 million, respectively, with adjustments being possible based on further research and opinions of the industry. 

\n\n\n\n

Serious administrative infractions, such as not communicating securities transactions to the regulatory authority, can reach a fine of up to MOP10 million.

\n\n\n\n

However, in administrative offences involving the use or transmission of privileged information and market manipulation, the fine could reach 15 per cent of the turnover, according to the latest accounts approved by the administrative body.

\n\n\n\n

The regulatory entity may also issue orders directly to the entity managing the trading platform, to suspend or exclude operations on certain securities.

\n\n\n\n

The period of suspension of the sanction will be set between three months and two years, starting from the date on which the period for judicial challenge of the sentencing decision ends.

\n\n\n\n

The suspension may be conditioned on compliance with certain obligations, namely those considered necessary to regularise illegal situations, repair damages, or prevent dangers for the securities market or investors.

\n\n\n\n
\n\n\n\n

Consultation paper on the future Securities Law

\n\n\n\n
\"\"
\n\n\n\n

\u201cThe bill represents an essential tool to ensure the integrity of securities, minimise risks associated with their trading and circulation, guarantee best practices and fair treatment of all participants, reduce systemic risk, and establish adequate mechanisms for supervision, oversight, and regulation\u201d

\n\n\n\n

\u201cConsidering the international trend of applying technology in securities markets, we leave legislative leeway for the future implementation of new technologies, particularly blockchain technology and distributed ledger technology, which are increasingly prominent internationally in trading platforms or infrastructures\u201d

\n\n\n\n

\n", "content_text": "The new securities law is in the works and Macau Business had access to the consultation paper which aims to strike a balance between supervision and innovation as the city embraces \u2018modern finance\u2019. \n\n\n\nThe supervisory entity responsible for overseeing the local financial sector will have investigation, inspection, and law enforcement powers over not just bond and securities issuers, but also lawyers and accountants involved in the sector, according to the consultation paper for the new securities law. The new regulatory framework will also allow space for the implementation of new technologies in the sector, particularly blockchain and distributed ledger technology.\n\n\n\n\n\n\n\nA new Securities Law is in the works in the Macau SAR, as authorities aim to continue developing the financial sector and attract more companies to set up shop in the city.\n\n\n\nWith the changes in the New Financial System Act, which came into force on November 1, a framework for the public issuance of bonds in Macau was officially implemented. \n\n\n\nIn a statement, the Macau Monetary Authority of Macau indicated it has carried out an \u201cexhaustive analysis and revisedthe guidelines and administrative procedures relating to bond activity\u201d.\n\n\n\nThe de facto central bank of the city also launched a first round of consultations with the sector concerning a new Securities Law, with Macau Business getting access to the consultation document.\n\n\n\nIn the document, the SAR government states that the modern financial sector will play a \u201cpivotal role\u201d in line with the strategy of appropriate diversification, known as \u201c1+4\u201d.\n\n\n\n\u201cIn 2021, the financial sector became the second-largest industry in MSAR, increasing from 6.9 per cent of the total value added in 2019 to 15.4 per cent in 2021. By the end of the third quarter of 2022, the total value of assets in the financial industry reached around MOP 2.7 trillion, equivalent to 19 times the value recorded in the year of Macau\u2019s handover,\u201d the document adds.\n\n\n\nHarnessing bond power\n\n\n\nThe authorities underlined that there has been a gradual expansion of Macau\u201ds bond market, accompanied by a progressive increase in the variety of issued bonds.\n\n\n\nFor the executive, the creation of a securities market equipped with adequate financial infrastructure represents a decisive instrument for the coordinated development of the MSAR and the Guangdong-Macau In-depth Cooperation Zone in Hengqin.\n\n\n\nIt will also, allow for the attraction of issuers and investors to the local securities market; the integration into the Renminbi internationalisation process; market diversification through the issuance of various types of securities, plus the contribution to strengthening the connection between the PRC, Portuguese-speaking Countries, and other countries and regions, and the creation of new employment.\n\n\n\nThe city\u201ds bond market has surged to an impressive MOP502 billion as of September 2023, with approximately 32 per cent of bonds denominated in mainland Chinese currency, as reported by the China (Macau) Financial Asset Exchange.\n\n\n\nThese included local and foreign issuances, covering different types, namely corporate bonds, financial bonds and green bonds.\n\n\n\nHowever, most of the listings were either by mainland state-controlled entities or even government authorities, including issuances of debt securities by the Ministry of Finance of China and the Government of Guangdong Province.\n\n\n\nWith this Securities Law bill, the Macau government aims to establish a general regulatory framework that can assist the operations of the Macau Securities Depository Centre (MSDC) and the local securities market.\n\n\n\nIn 2021, the MSDC ensured the registration, custody, settlement, and clearing of securities and was authorised to join the International Securities Services Association and the SWIFT International system.\n\n\n\n\u201cThe aim is now, through this consultation, to fully listen to the opinions and recommendations of associations and other relevant entities in the financial sector of the Macau SAR.\u201d\n\n\n\nThe executive also plans to collect opinions from the Office of the President of the Court of Final Instance and the Public Prosecutions Office, as well as representative bodies of the professional classes involved.\n\n\n\n\n\n\n\nOne entity to rule them all\n\n\n\nThe Macau government wants the law to be a \u201cfundamental innovative milestone\u201d in the regulation and development of the securities market.\n\n\n\n\u201cThe bill represents an essential tool to ensure the integrity of securities, minimise risks associated with their trading and circulation, guarantee best practices and fair treatment of all participants, reduce systemic risk, and establish adequate mechanisms for supervision, oversight, and regulation,\u201d reads the document.\n\n\n\nOne of the objectives of the bill is to establish the supervisory, monitoring, and regulatory powers of the securities market regulatory entity.\n\n\n\nThis entity will be responsible for the supervision of the parties involved in the financial sector, including bond issuers, lawyers, and accountants, and will be endowed with regulatory powers, as well as investigation, inspection, and law enforcement powers.\n\n\n\n\u201cThe regulator has been granted a wide range of prudential supervision and ongoing monitoring powers, as well as appropriate powers of oversight and direct intervention, to ensure the regulator\u2019s immediate response capability whenever the protection of investors\u201d interests and market stability demands it,\u201d AMCM notes.\n\n\n\nThe watchdog will not only be responsible for instructing the sanctioning procedures that fall within the scope of its competencies but also providing broad powers of direct intervention with market participants to protect investors\u201d interests promptly and guarantee market stability.\n\n\n\nIn administrative infractions, the power to apply fines and additional sanctions, as well as to suspend them, belongs to the Chief Executive, without prejudice to delegation under the terms of the law.\n\n\n\nThe supervising entity may request delivery or proceed with the seizure, freezing, or inspection of any documents, assets, or objects related to the commission of illicit acts, regardless of the nature of their support.\n\n\n\nIt may also seal objects not seized in the facilities of individuals or entities subject to its supervision and request from any individuals or entities all clarifications and information deemed necessary for investigations or the instruction of processes under its jurisdiction.\n\n\n\nSupervision and innovation \n\n\n\nThe SAR government took the financial regulations used in mainland China, Hong Kong, Portugal and Luxembourg as references to define the proposed law.\n\n\n\nThe new law will propose the adoption of a non-closed concept of securities, to leave room for the future introduction of derivatives and other financial products on the market.\n\n\n\nThe bill defines securities as representative documents of homogeneous legal situations suitable for trading in the market. These include shares, bonds; units of participation in collective investment institutions; autonomous warrants; detached rights from securities and other representative documents capable of market transmission.\n\n\n\nThe document also highlights that although dematerialized securities are an \u201cinternational trend\u201d, it recommends that the new securities law continue to recognise existing certificated securities, allowing their conversion into book-entry securities; however, the reverse conversion, from book-entry securities to certificated securities, would not be permitted.\n\n\n\n\u201cConsidering the international trend of applying technology in securities markets, we leave legislative leeway for the future implementation of new technologies, particularly blockchain technology and distributed ledger technology, which are increasingly prominent internationally in trading platforms or infrastructures,\u201d the document adds.\n\n\n\nAs for the development of a secondary market, the executive used the European Union’s Markets Financial Instruments Directive as a reference while applying \u201cappropriate simplifications in line with the scale of Macau\u2019s market and its legal sources.\u201d.\n\n\n\n\u201cThus, we propose that organised trading platforms include stock exchanges, Multilateral Trading Facilities (MTFs), and other organised trading platforms authorised by the regulatory entity,\u201d the document adds.\n\n\n\nThe establishment of an organized trading platform will depend on authorization granted by the Chief Executive, following the opinion of the regulatory entity.\n\n\n\nThe securities traded in the market will be subject to negotiability requirements, being freely negotiable, fungible, and unencumbered securities, and it is up to the management entity to decide on their admission to trading, and regularly inform the regulatory entity.\n\n\n\nThe management entities will also be obligated to report suspicious orders and transactions that may constitute market abuse, such as obligated to immediately report to the regulatory entity any orders and transactions suspected of constituting market abuse.\n\n\n\nInfractions in the securities market will be classified as “very serious”, “serious” and “minor”. Fines could vary from MOP2 million to MOP10 million, MOP20,000 to MOP5 million, and 20,000 to MOP3 million, respectively, with adjustments being possible based on further research and opinions of the industry. \n\n\n\nSerious administrative infractions, such as not communicating securities transactions to the regulatory authority, can reach a fine of up to MOP10 million.\n\n\n\nHowever, in administrative offences involving the use or transmission of privileged information and market manipulation, the fine could reach 15 per cent of the turnover, according to the latest accounts approved by the administrative body.\n\n\n\nThe regulatory entity may also issue orders directly to the entity managing the trading platform, to suspend or exclude operations on certain securities.\n\n\n\nThe period of suspension of the sanction will be set between three months and two years, starting from the date on which the period for judicial challenge of the sentencing decision ends.\n\n\n\nThe suspension may be conditioned on compliance with certain obligations, namely those considered necessary to regularise illegal situations, repair damages, or prevent dangers for the securities market or investors.\n\n\n\n\n\n\n\nConsultation paper on the future Securities Law \n\n\n\n\n\n\n\n\u201cThe bill represents an essential tool to ensure the integrity of securities, minimise risks associated with their trading and circulation, guarantee best practices and fair treatment of all participants, reduce systemic risk, and establish adequate mechanisms for supervision, oversight, and regulation\u201d\n\n\n\n\u201cConsidering the international trend of applying technology in securities markets, we leave legislative leeway for the future implementation of new technologies, particularly blockchain technology and distributed ledger technology, which are increasingly prominent internationally in trading platforms or infrastructures\u201d", "date_published": "January 20, 2024", "date_modified": "February 07, 2024 - 19:55", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/01/securities-stock-market-finance-bonds-mobile-.png", "tags": [ "Finance", "Macau", "Macau Business", "MAG", "MB", "MB Featured" ], "summary": "The new securities law is in the works and Macau Business had access to the consultation paper which aims to strike a balance between supervision and innovation as the city embraces \u2018modern finance\u2019. " }, { "id": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e5%be%9e%e6%bc%ab%e9%95%b7%e7%9a%84%e6%b2%89%e7%9d%a1%e4%b8%ad%e9%86%92%e4%be%86/", "url": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e5%be%9e%e6%bc%ab%e9%95%b7%e7%9a%84%e6%b2%89%e7%9d%a1%e4%b8%ad%e9%86%92%e4%be%86/", "title": "\u3010\u606f\u606f\u76f8\u95dc\u3011\u5f9e\u6f2b\u9577\u7684\u6c89\u7761\u4e2d\u9192\u4f86", "content_html": "\"\"\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n
\n\n\n\n

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\n\n\n\n
\"\"
\n\n\n\n\n\n\n\n

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Barbosa)\u4e3b\u6301\u958b\u5e55\u5100\u5f0f\u3002\u7576\u6642\uff0c\u9152\u5e97\u64c1\u670980\u9593\u5ba2\u623f\uff0c\u6574\u500b\u5de5\u7a0b\u6295\u8cc7\u7d04\u6fb3\u9580\u5e63500\u842c\u5143\u3002\u958b\u696d\u6642\uff0c\u5404\u5927\u5831\u7ae0\u91cd\u9ede\u4ecb\u7d39\u4e86\u9152\u5e97\u7684\u4e3b\u8981\u8ce3\u9ede\uff0c\u5305\u62ec\u5341\u9593\u9910\u5ef3\u3001\u5c4b\u9802\u82b1\u5712\u3001\u5169\u90e8\u5404\u53ef\u5bb9\u7d0d9\u4eba\u7684\u5347\u964d\u6a5f\u3001\u4e00\u9593\u201c\u91d1\u78a7\u8f1d\u714c\u201d\u7684\u653e\u6620\u5ba4\uff0c\u4ee5\u53ca\u9152\u5e97\u5167\u8a2d\u6709\u4e00\u500b\u51b0\u7bb1\u2014\u2014\u5728\u7576\u6642\uff0c\u9019\u7d55\u5c0d\u662f\u4e00\u4ef6\u65b0\u9bae\u4e8b\u3002\u64da\u5831\u9053\uff0c\u4eba\u5011\u4e58\u642d\u5347\u964d\u6a5f\u62b5\u9054\u5c4b\u9802\u82b1\u5712\uff0c\u6b23\u8cde\u57ce\u5e02\u7f8e\u666f\u3002\u9152\u5e97\u53ca\u5176\u96fb\u68af\u7684\u96fb\u529b\u7cfb\u7d71\u7531\u6fb3\u9580\u96fb\u71c8\u516c\u53f8\uff08Melco\uff09\u63d0\u4f9b\uff0c\u7576\u6642\u7684\u201cMelco\u201d\u4ecd\u672a\u662f\u535a\u5f69\u7279\u8a31\u7d93\u71df\u5546\uff0c\u800c\u662f\u96fb\u529b\u516c\u53f8\u3002\u9152\u5e97\u53e6\u5916\u8a2d\u649e\u7403\u5ba4\u3001\u7f8e\u9aee\u5ba4\u548c\u821e\u5ef3\uff0c\u9084\u67091937\u5e74\u958b\u696d\u7684Grand Central 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"date_published": "January 19, 2024", "date_modified": "January 18, 2024 - 21:17", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/01/IMG_0436.jpg", "tags": [ "Business Intelligence", "MAG", "MB", "MB Featured" ], "summary": "\u6b77\u53f2\u60a0\u4e45\u7684\u65b0\u4e2d\u592e\u9152\u5e97\u662f\u6fb3\u9580\u7684\u6a19\u8a8c\u6027\u5efa\u7bc9\u4e4b\u4e00\uff0c\u7d93\u7ffb\u65b0\u5f8c\u91cd\u65b0\u7165\u767c\u751f\u6a5f\u4e26\u5c07\u65bc2024\u5e74\u9996\u5b63\u518d\u5ea6\u958b\u9580\u8fce\u5ba2\u3002\u8a72\u7269\u696d\u696d\u4e3b\u70ba\u529b\u884c\u96c6\u5718\uff0c\u96c6\u5718\u4e3b\u5e2d\u856d\u980c\u9298\u544a\u8a34\u8a18\u8005\uff0c\u7d93\u904e\u7cbe\u5fc3\u4fee\u5fa9\uff0c\u9019\u5bb6\u6b77\u53f2\u60a0\u4e45\u9152\u5e97\u7684\u6b77\u53f2\u548c\u9b45\u529b\u5f97\u4ee5\u5ef6\u7e8c\uff0c\u9805\u76ee\u5c07\u6709\u52a9\u65bc\u63d0\u5347\u8b70\u4e8b\u4ead\u524d\u5730\u3001\u65b0\u99ac\u8def\u4e00\u5e36\u7684\u9152\u5e97\u670d\u52d9\u4f9b\u61c9\u3002" }, { "id": "https://www.macaubusiness.com/macau-jockey-club-closure-not-a-surprise-considering-its-financial-situation-analysts/", "url": "https://www.macaubusiness.com/macau-jockey-club-closure-not-a-surprise-considering-its-financial-situation-analysts/", "title": "Macau Jockey Club closure not a surprise considering its financial situation \u2013 Analysts", "content_html": "\"\"\n

In the wake of the Macau Jockey Club’s closing announcement, industry experts joining the latest edition of the MBtv Debates Series on Monday considered that its demise was not a surprise considering its financial situation, and underlined an assessment should be made if this performance was due to the market or to the operator.

\n\n\n\n

At a press conference held this morning, the Secretary for Administration and Justice, Andr\u00e9 Cheong Weng Chon, announced that the Macau Jockey Club had reached a conclusion with the government that its concession would end on 1 April 2024.

\n\n\n\n

Under the arrangements made by the two sides, which began their negotiations at the middle of last year, all the existing facilities and land currently possessed by the horse racing operator will then unconditionally return to the government.

\n\n\n\n

Subsequently, nearly 290 horses are set to be transferred to the Chinese mainland or other countries for follow-up arrangements, no later than 31 March 2025.

\n\n\n\n

During a debate organised by Macau Business and Rui Cunha Foundation titled “MBtv Debates – The New Gaming Concessions: One Year On”, members of the panel have also weighed in on the demise of the MJC race track.

\n\n\n\n

For economist Jos\u00e9 Duarte the end of the racing track concession was a “chronicle of a death foretold”.

\n\n\n\n

“We have to think about what to do with the animals, the land plot, and the built premises. The end of the MJC itself was not too surprising; what was surprising was the extension until 2042,” he pointed out.

\n\n\n\n

In 2018, MJC was granted a 24-year extension to its concession until August 2042 following negotiations with the government. This was on the condition that the club would pour MOP1.5 billion in stages into an upgrade project to drive the city\u2019s economic diversification.

\n\n\n\n
\"\"
\n\n\n\n

Professor Davis Fong, Director of the Institute for the Study of Commercial Gaming at the University of Macau also underlined that the closing “was not a surprise” considering that the race track had been losing its market for a while.

\n\n\n\n

Shortly after the government announcement The MJC held its own press conference, in which it noted that it had accumulated operating losses exceeding MOP2.5 billion (US$310 million) and limited room for development and growth of the horse racing industry in Macau.

\n\n\n\n

However, the horse racing operator could only realise 66 percent, or MOP1 billion, as of the end of last year. According to official records, in 2023 the racetrack only saw MOP140 million (US$17.4 million) in betting volume.

\n\n\n\n

“Gambling products are competing with each other. More and more gamblers are coming to Macau and they may choose what gaming products they want. In Macau some 20 years ago we had horse racing, greyhound racing, lotteries and casinos but in the end, casinos have outperformed all other forms of gaming products,” Davis Fong noted.

\n\n\n\n

“We can see in the United States, that every time you have a boom of casinos, you will see an increase in competition and pressure on other gambling products like horse racing. It is the nature of competition. Also, right next to us we already have the Hong Kong Jockey Club”.

\n\n\n\n
\"\"
\n\n\n\n

Rui Pinto Proen\u00e7a, Managing Partner of law firm MdME, expressed sadness at the situation, stating, it was the end of a “part of the city’s history and of Stanley Ho’s legacy”.

\n\n\n\n

In 1989, after STDM took full control of the Macau Jockey Club, Ho became its chairman and chief executive officer, with Angela Leong, spouse of the late gaming businessman the current administrator of the track.

\n\n\n\n

“The financial situation of the MJC was known, it was not sustainable. What is important is to draw some conclusions and understand if the problem was the operator or the product was just not appealing anymore,” the lawyer added.

\n\n\n\n

The MdME Managing Partner brought attention to the considerably sized land area to be reclaimed and that could “reshape” that area of the city.

\n\n\n\n

“The most important now is to see what conclusions we can draw. What everyone is thinking is what will be done with the land,” he noted.

\n\n\n\n

Founder and Chairman of Murray International Group, Niall Murray, drew a comparison with the Hong Kong Jockey Club, highlighting a significant difference in investment.

\n\n\n\n

He remarked that “the passion and will to keep it going were lost” when Stanley Ho stepped back from the operation.

\n\n\n\n

“I think the operator was not putting the full effort to make it a profitable operation to keep it really vibrant,” the gaming consultant stated

\n\n\n\n

Murray also highlighted that the issue underscored a point by the Macau SAR government to the concessionaires that if they do not meet their contractual commitments their concessions will be pulled.

\n\n\n\n

“It was a strong message to pull it before 2042. It’s a strong message that we might not have learned from what happened to the junket sector,” Murray pointed out, mentioning the VIP gaming promoting business, which was considerably curtailed by legislative changes and a crackdown on junket activities previously tolerated by authorities.

\n\n\n\n

\n", "content_text": "In the wake of the Macau Jockey Club’s closing announcement, industry experts joining the latest edition of the MBtv Debates Series on Monday considered that its demise was not a surprise considering its financial situation, and underlined an assessment should be made if this performance was due to the market or to the operator. \n\n\n\nAt a press conference held this morning, the Secretary for Administration and Justice, Andr\u00e9 Cheong Weng Chon, announced that the Macau Jockey Club had reached a conclusion with the government that its concession would end on 1 April 2024.\n\n\n\nUnder the arrangements made by the two sides, which began their negotiations at the middle of last year, all the existing facilities and land currently possessed by the horse racing operator will then unconditionally return to the government.\n\n\n\nSubsequently, nearly 290 horses are set to be transferred to the Chinese mainland or other countries for follow-up arrangements, no later than 31 March 2025.\n\n\n\nDuring a debate organised by Macau Business and Rui Cunha Foundation titled “MBtv Debates – The New Gaming Concessions: One Year On”, members of the panel have also weighed in on the demise of the MJC race track.\n\n\n\nFor economist Jos\u00e9 Duarte the end of the racing track concession was a “chronicle of a death foretold”.\n\n\n\n“We have to think about what to do with the animals, the land plot, and the built premises. The end of the MJC itself was not too surprising; what was surprising was the extension until 2042,” he pointed out.\n\n\n\nIn 2018, MJC was granted a 24-year extension to its concession until August 2042 following negotiations with the government. This was on the condition that the club would pour MOP1.5 billion in stages into an upgrade project to drive the city\u2019s economic diversification.\n\n\n\n\n\n\n\nProfessor Davis Fong, Director of the Institute for the Study of Commercial Gaming at the University of Macau also underlined that the closing “was not a surprise” considering that the race track had been losing its market for a while.\n\n\n\nShortly after the government announcement The MJC held its own press conference, in which it noted that it had accumulated operating losses exceeding MOP2.5 billion (US$310 million) and limited room for development and growth of the horse racing industry in Macau. \n\n\n\nHowever, the horse racing operator could only realise 66 percent, or MOP1 billion, as of the end of last year. According to official records, in 2023 the racetrack only saw MOP140 million (US$17.4 million) in betting volume.\n\n\n\n“Gambling products are competing with each other. More and more gamblers are coming to Macau and they may choose what gaming products they want. In Macau some 20 years ago we had horse racing, greyhound racing, lotteries and casinos but in the end, casinos have outperformed all other forms of gaming products,” Davis Fong noted.\n\n\n\n“We can see in the United States, that every time you have a boom of casinos, you will see an increase in competition and pressure on other gambling products like horse racing. It is the nature of competition. Also, right next to us we already have the Hong Kong Jockey Club”.\n\n\n\n\n\n\n\nRui Pinto Proen\u00e7a, Managing Partner of law firm MdME, expressed sadness at the situation, stating, it was the end of a “part of the city’s history and of Stanley Ho’s legacy”. \n\n\n\nIn 1989, after STDM took full control of the Macau Jockey Club, Ho became its chairman and chief executive officer, with Angela Leong, spouse of the late gaming businessman the current administrator of the track.\n\n\n\n“The financial situation of the MJC was known, it was not sustainable. What is important is to draw some conclusions and understand if the problem was the operator or the product was just not appealing anymore,” the lawyer added.\n\n\n\nThe MdME Managing Partner brought attention to the considerably sized land area to be reclaimed and that could “reshape” that area of the city.\n\n\n\n“The most important now is to see what conclusions we can draw. What everyone is thinking is what will be done with the land,” he noted.\n\n\n\nFounder and Chairman of Murray International Group, Niall Murray, drew a comparison with the Hong Kong Jockey Club, highlighting a significant difference in investment. \n\n\n\nHe remarked that “the passion and will to keep it going were lost” when Stanley Ho stepped back from the operation. \n\n\n\n“I think the operator was not putting the full effort to make it a profitable operation to keep it really vibrant,” the gaming consultant stated\n\n\n\nMurray also highlighted that the issue underscored a point by the Macau SAR government to the concessionaires that if they do not meet their contractual commitments their concessions will be pulled.\n\n\n\n“It was a strong message to pull it before 2042. It’s a strong message that we might not have learned from what happened to the junket sector,” Murray pointed out, mentioning the VIP gaming promoting business, which was considerably curtailed by legislative changes and a crackdown on junket activities previously tolerated by authorities.", "date_published": "January 16, 2024", "date_modified": "January 16, 2024 - 12:34", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2024/01/Screenshot-2024-01-16-at-12.16.38-AM.png", "tags": [ "Macau", "MNA", "MNA Featured" ], "summary": "In the wake of the Macau Jockey Club's closing announcement, industry experts considered that its demise was not a surprise considering its financial situation, and underlined an assessment should be made if this performance was due to the market or to the operator. " }, { "id": "https://www.macaubusiness.com/macau-property-market-to-remain-subdued-by-high-interest-rates-and-mainland-economic-slowdown-realtor/", "url": "https://www.macaubusiness.com/macau-property-market-to-remain-subdued-by-high-interest-rates-and-mainland-economic-slowdown-realtor/", "title": "Macau property market to remain subdued by high interest rates, global economic slowdown \u2013 Realtor", "content_html": "\"\"\n

High interest rates, the global economic slowdown and a slowing economic recovery in mainland China will continue to weigh on the Macau property market, a report by JLL explained.

\n\n\n\n

In its Greater Bay Area Residential Guide, JLL points out that recovery in the region’s housing market remained slow with housing prices expected to remain under downward pressure in 2024.

\n\n\n\n

The real estate agency indicated that the 11 cities in the GBA witnessed uneven recovery in the housing market after the relaxation of cooling measures earlier this year.

\n\n\n\n

‘The mainland cities in the GBA saw a mild and uneven recovery in housing markets, while Hong Kong’s residential market remains subdued. Home sales in Macau rebounded, but the prices continue to fall,’ the report pointed out.

\n\n\n\n

In Macau the property market has been greatly affected by high mortgage interest rates and a significant increase in public housing, leading to a low transaction volume.

\n\n\n\n
\"\"
\n\n\n\n

The prime interest rate in the Macau SAR has increased from 5.25 per cent in 2022 to 6.125 per cent in July 2023, representing almost a 1 per cent increase in leading rate and the US Fed carried out several rate hikes this year

\n\n\n\n

JLL underlined that transaction volume has remained similar to last year, with a year-on-year decrease of approximately 50.6 per cent, indicating a sluggish market performance.

\n\n\n\n

At the same time, the total transaction volume is expected to increase slightly compared to 2022, driven by price cuts on new projects.

\n\n\n\n

‘Macau implemented adjustments to the property market in November, including stamp duty exemptions and relaxed mortgage loan-to-value ratios for luxury homes, which will help improve the sentiment in the luxury property market,’ the General Manager of JLL Macau, Oliver Tong, says in the report.

\n\n\n\n

The SAR government recently announced a bill that will remove the 5 per cent stamp duty on the purchase of a second home. The bill is expected to become law on the first day of next year.

\n\n\n\n

According to the Financial Services Bureau, nearly 230,000 residents own at least one property in Macau, with over 33,000 of them having more than one unit.

\n\n\n\n

‘However, starting next year, buyers purchasing residential properties below MOP8 million will need to undergo the loan affordability stress test set by the AMCM, with borrowers able to obtain a mortgage loan that covers up to 70 per cent of the property value, which is lower than the existing 90 per cent or 80 per cent mortgage loan options’ the JLL General Manager added.

\n\n\n\n

The value of newly approved mortgage loans dropped by 18.8 per cent month-to-month in September to MOP1.17 billion.

\n\n\n\n
\"\"
\n\n\n\n

Tong, also pointed out that developers are proactively reducing prices ahead of the new policy to boost sales, leading to a decrease in prices in the secondary market, accompanied by an increase in volume.

\n\n\n\n

‘We believe that housing prices will continue to be under pressure next year,” he concluded.

\n\n\n\n

Transaction volume in the residential market in the Macau SAR jumped 10.1 per cent year-on-year to 2,383 as of September 2023, according to data published by the Financial Services Bureau (DSF).

\n\n\n\n

However, only 50 pre-sale transactions were recorded in the first three-quarters due to the absence of major residential projects.

\n\n\n\n

A house in the GBA?

\n\n\n\n

As for the mainland side of the GBA, the JLL report pointed out that after mainland authorities eased mortgage restrictions and lowered housing mortgage rates in September, the mainland cities in the GBA released specific details regarding the relaxation.

\n\n\n\n

Certain districts in Guangzhou have relaxed restrictions on second home purchases, while Dongguan and Foshan have removed home purchase restrictions on residents of Hong Kong and Macau.

\n\n\n\n

Meanwhile, a series of measures have been implemented to revive housing demand, and developers actively launched new projects during the traditional peak season for home sales, known as the “Golden September, Silver October” period.

\n\n\n\n

This was said to have boosted the new home sales in Guangzhou, Foshan and Dongguan by 60 per cent, 19 per cent and 219 per cent, month-to-month, respectively, however the remaining mainland cities in the GBA experienced a delayed increase in home sales in October.

\n\n\n\n

The transaction cost for buying a second-hand residential home in the GBA’s mainland cities has also dropped, thanks to the relaxation of housing measures, with transactions of upgrading demand in the secondary market reported.

\n", "content_text": "High interest rates, the global economic slowdown and a slowing economic recovery in mainland China will continue to weigh on the Macau property market, a report by JLL explained.\n\n\n\nIn its Greater Bay Area Residential Guide, JLL points out that recovery in the region’s housing market remained slow with housing prices expected to remain under downward pressure in 2024.\n\n\n\nThe real estate agency indicated that the 11 cities in the GBA witnessed uneven recovery in the housing market after the relaxation of cooling measures earlier this year.\n\n\n\n‘The mainland cities in the GBA saw a mild and uneven recovery in housing markets, while Hong Kong’s residential market remains subdued. Home sales in Macau rebounded, but the prices continue to fall,’ the report pointed out.\n\n\n\nIn Macau the property market has been greatly affected by high mortgage interest rates and a significant increase in public housing, leading to a low transaction volume.\n\n\n\n\n\n\n\nThe prime interest rate in the Macau SAR has increased from 5.25 per cent in 2022 to 6.125 per cent in July 2023, representing almost a 1 per cent increase in leading rate and the US Fed carried out several rate hikes this year\n\n\n\nJLL underlined that transaction volume has remained similar to last year, with a year-on-year decrease of approximately 50.6 per cent, indicating a sluggish market performance. \n\n\n\nAt the same time, the total transaction volume is expected to increase slightly compared to 2022, driven by price cuts on new projects.\n\n\n\n‘Macau implemented adjustments to the property market in November, including stamp duty exemptions and relaxed mortgage loan-to-value ratios for luxury homes, which will help improve the sentiment in the luxury property market,’ the General Manager of JLL Macau, Oliver Tong, says in the report.\n\n\n\nThe SAR government recently announced a bill that will remove the 5 per cent stamp duty on the purchase of a second home. The bill is expected to become law on the first day of next year.\n\n\n\nAccording to the Financial Services Bureau, nearly 230,000 residents own at least one property in Macau, with over 33,000 of them having more than one unit.\n\n\n\n‘However, starting next year, buyers purchasing residential properties below MOP8 million will need to undergo the loan affordability stress test set by the AMCM, with borrowers able to obtain a mortgage loan that covers up to 70 per cent of the property value, which is lower than the existing 90 per cent or 80 per cent mortgage loan options’ the JLL General Manager added.\n\n\n\nThe value of newly approved mortgage loans dropped by 18.8 per cent month-to-month in September to MOP1.17 billion.\n\n\n\n\n\n\n\nTong, also pointed out that developers are proactively reducing prices ahead of the new policy to boost sales, leading to a decrease in prices in the secondary market, accompanied by an increase in volume. \n\n\n\n‘We believe that housing prices will continue to be under pressure next year,” he concluded.\n\n\n\nTransaction volume in the residential market in the Macau SAR jumped 10.1 per cent year-on-year to 2,383 as of September 2023, according to data published by the Financial Services Bureau (DSF).\n\n\n\nHowever, only 50 pre-sale transactions were recorded in the first three-quarters due to the absence of major residential projects.\n\n\n\nA house in the GBA?\n\n\n\nAs for the mainland side of the GBA, the JLL report pointed out that after mainland authorities eased mortgage restrictions and lowered housing mortgage rates in September, the mainland cities in the GBA released specific details regarding the relaxation. \n\n\n\nCertain districts in Guangzhou have relaxed restrictions on second home purchases, while Dongguan and Foshan have removed home purchase restrictions on residents of Hong Kong and Macau. \n\n\n\nMeanwhile, a series of measures have been implemented to revive housing demand, and developers actively launched new projects during the traditional peak season for home sales, known as the “Golden September, Silver October” period. \n\n\n\nThis was said to have boosted the new home sales in Guangzhou, Foshan and Dongguan by 60 per cent, 19 per cent and 219 per cent, month-to-month, respectively, however the remaining mainland cities in the GBA experienced a delayed increase in home sales in October.\n\n\n\nThe transaction cost for buying a second-hand residential home in the GBA’s mainland cities has also dropped, thanks to the relaxation of housing measures, with transactions of upgrading demand in the secondary market reported.", "date_published": "December 18, 2023", "date_modified": "December 18, 2023 - 09:55", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/10/IMG_3478.jpeg", "tags": [ "Macau", "MNA" ], "summary": "High interest rates, the global economic slowdown and a slowing economic recovery in mainland China will continue to weigh on the Macau property market, a report by JLL explained" }, { "id": "https://www.macaubusiness.com/macau-pass-expands-to-seven-new-overseas-e-wallets/", "url": "https://www.macaubusiness.com/macau-pass-expands-to-seven-new-overseas-e-wallets/", "title": "Macau Pass expands to seven new overseas e-wallets", "content_html": "\"\"\n

Local transport and payment group Macau Pass S.A. has announced its services will be available to seven Alipay+ market-leading partner e-wallets.

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These new e-wallets include Tinaba (Italy), OCBC and Changi Pay (Singapore), MyPB by Public Bank (Malaysia), Toss Pay and NAVER Pay (South Korea) and Hipay (Mongolia).

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According to the company, this means that Macau Pass’ payment and acquiring services for merchants will now be available for these overseas e-wallets.

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In September Macau Pass announced that its e-wallet Mpay users will now be able to make payments in both mainland China and Hong Kong after a cooperation agreement with Alipay+.

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AGTech, an Alibaba affiliate, acquired Macau Pass Holding for HKD778 million (US$99.6 million) last year, with the company having unveiled plans to expand Mpay services to additional foreign countries in the third or fourth quarter of 2023, with hopes to be available in more than 40 countries by the end of 2024.

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The expanded coverage of Mpay includes a wide range of countries, namely the United Arab Emirates, the United Kingdom, Switzerland, various European Economic Area nations such as France, Germany, and Italy, Australia, New Zealand, Qatar, Singapore, Malaysia, South Korea, Japan, the Philippines, Thailand, and the United States of America.

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In addition to Alipay, AlipayHK, WeChat Pay, Simple Pay and other e-wallets launched by other banks in Macau, Mpay is currently compatible with overseas wallets such as Kakao Pay in South Korea, GCash in the Philippines, Touch’n Go eWallet in Malaysia, and TrueMoney in Thailand

\n", "content_text": "Local transport and payment group Macau Pass S.A. has announced its services will be available to seven Alipay+ market-leading partner e-wallets. \n\n\n\nThese new e-wallets include Tinaba (Italy), OCBC and Changi Pay (Singapore), MyPB by Public Bank (Malaysia), Toss Pay and NAVER Pay (South Korea) and Hipay (Mongolia).\n\n\n\nAccording to the company, this means that Macau Pass’ payment and acquiring services for merchants will now be available for these overseas e-wallets. \n\n\n\nIn September Macau Pass announced that its e-wallet Mpay users will now be able to make payments in both mainland China and Hong Kong after a cooperation agreement with Alipay+.\n\n\n\nAGTech, an Alibaba affiliate, acquired Macau Pass Holding for HKD778 million (US$99.6 million) last year, with the company having unveiled plans to expand Mpay services to additional foreign countries in the third or fourth quarter of 2023, with hopes to be available in more than 40 countries by the end of 2024.\n\n\n\nThe expanded coverage of Mpay includes a wide range of countries, namely the United Arab Emirates, the United Kingdom, Switzerland, various European Economic Area nations such as France, Germany, and Italy, Australia, New Zealand, Qatar, Singapore, Malaysia, South Korea, Japan, the Philippines, Thailand, and the United States of America.\n\n\n\nIn addition to Alipay, AlipayHK, WeChat Pay, Simple Pay and other e-wallets launched by other banks in Macau, Mpay is currently compatible with overseas wallets such as Kakao Pay in South Korea, GCash in the Philippines, Touch’n Go eWallet in Malaysia, and TrueMoney in Thailand", "date_published": "December 17, 2023", "date_modified": "December 17, 2023 - 14:08", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/12/Screenshot-2023-12-17-at-2.07.41%E2%80%AFPM.png", "tags": [ "Macau", "MNA" ], "summary": "Local transport and payment group Macau Pass S.A. has announced its services will be available to seven Alipay+ market-leading partner e-wallets." }, { "id": "https://www.macaubusiness.com/volleyball-nations-league-returns-to-macau-in-2024/", "url": "https://www.macaubusiness.com/volleyball-nations-league-returns-to-macau-in-2024/", "title": "Volleyball Nations League returns to Macau in 2024", "content_html": "\"\"\n

The Volleyball Nations League will return to Macau in 2024, after a four-year hiatus due to the Covid-19 pandemic.

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The Volleyball Nations League 2024 will bring international volleyball teams to nine different countries on four continents for six weeks from May to June, when the Preliminary Phase of the sixth edition of the tournament will occur.

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Jointly organized by the Sports Bureau, the Galaxy Entertainment Group, and the Macau-China General Volleyball Association, the 2024 Women’s Volleyball Nations League will take place in Macau between May 38 and June 2, 2024, for six consecutive days.

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The top 16 female and male national teams will compete in Asia, Europe, North America, and South America before the best eight in each gender play for the titles in the VNL Finals.

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Under a new system enforced last year, the VNL includes a total of 6 seasons, with the competition in each season lasting for six days, in which eight participating teams compete in 16 games.

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The eight national teams set to compete in the Macau SAR, include China, Dominican Republic, Italy, the Netherlands, Brazil, Thailand, Japan, and France.

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The VNL 2024 will play a major role in determining the last national teams that will qualify for the Paris Olympics.

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The result of each match of the tournament\u2019s Preliminary Phase will impact the FIVB Volleyball World Rankings, which will determine the teams to occupy the last five spots in next year\u2019s Games.

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The finals of the competition for women will take place on June 20-23 and the men from June 27-30, just a few weeks before the start of the Paris 2024 Olympics.

\n", "content_text": "The Volleyball Nations League will return to Macau in 2024, after a four-year hiatus due to the Covid-19 pandemic.\n\n\n\nThe Volleyball Nations League 2024 will bring international volleyball teams to nine different countries on four continents for six weeks from May to June, when the Preliminary Phase of the sixth edition of the tournament will occur.\n\n\n\nJointly organized by the Sports Bureau, the Galaxy Entertainment Group, and the Macau-China General Volleyball Association, the 2024 Women’s Volleyball Nations League will take place in Macau between May 38 and June 2, 2024, for six consecutive days.\n\n\n\nThe top 16 female and male national teams will compete in Asia, Europe, North America, and South America before the best eight in each gender play for the titles in the VNL Finals. \n\n\n\nUnder a new system enforced last year, the VNL includes a total of 6 seasons, with the competition in each season lasting for six days, in which eight participating teams compete in 16 games.\n\n\n\nThe eight national teams set to compete in the Macau SAR, include China, Dominican Republic, Italy, the Netherlands, Brazil, Thailand, Japan, and France.\n\n\n\nThe VNL 2024 will play a major role in determining the last national teams that will qualify for the Paris Olympics. \n\n\n\nThe result of each match of the tournament\u2019s Preliminary Phase will impact the FIVB Volleyball World Rankings, which will determine the teams to occupy the last five spots in next year\u2019s Games.\n\n\n\nThe finals of the competition for women will take place on June 20-23 and the men from June 27-30, just a few weeks before the start of the Paris 2024 Olympics.", "date_published": "December 09, 2023", "date_modified": "December 09, 2023 - 14:12", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/12/A-Liga-das-Nac%CC%A7o%CC%83es-de-Voleibol-Feminino-retoma-a-Macau-no-pro%CC%81ximo-ano.jpg", "tags": [ "Macau", "MNA" ], "summary": "The Volleyball Nations League will return to Macau in 2024, after a four-year hiatus due to the Covid-19 pandemic." }, { "id": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e4%ba%ba%e5%80%91%e9%96%8b%e5%a7%8b%e5%b8%8c%e6%9c%9b%e5%88%b0%e6%be%b3%e9%96%80%e7%8d%b2%e5%be%97%e6%b7%b1%e5%ba%a6%e6%97%85%e9%81%8a/", "url": "https://www.macaubusiness.com/%e3%80%90%e6%81%af%e6%81%af%e7%9b%b8%e9%97%9c%e3%80%91%e4%ba%ba%e5%80%91%e9%96%8b%e5%a7%8b%e5%b8%8c%e6%9c%9b%e5%88%b0%e6%be%b3%e9%96%80%e7%8d%b2%e5%be%97%e6%b7%b1%e5%ba%a6%e6%97%85%e9%81%8a/", "title": "\u3010\u606f\u606f\u76f8\u95dc\u3011\u201c\u4eba\u5011\u958b\u59cb\u5e0c\u671b\u5230\u6fb3\u9580\u7372\u5f97\u6df1\u5ea6\u65c5\u904a\u9ad4\u9a57\u201d", "content_html": "\"\"\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n


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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n

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\n\n\n\n


\n", "content_text": 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\u6211\u8a8d\u70ba\u6fb3\u9580\u64c1\u6709\u7368\u4e00\u7121\u4e8c\u7684\u6587\u5316\u74b0\u5883\uff0c\u56e0\u70ba\u62c9\u4e01\u8461\u8404\u7259\u6587\u5316\u5143\u7d20\u4ecd\u7136\u5f88\u53d7\u65c5\u5ba2\u6b61\u8fce\u3002\u7576\u7136\uff0c\u5c31\u4fbf\u5229\u6027\u800c\u8a00\uff0c\u5f9e\u5167\u5730\u57ce\u5e02\u524d\u5f80\u6fb3\u9580\uff0c\u6709\u6642\u751a\u81f3\u4e0d\u9700\u8981\u7279\u6b8a\u7684\u4ea4\u901a\u5b89\u6392\u3002\u5f9e\u5927\u7063\u5340\u51fa\u767c\uff0c\u53ea\u9700\u642d\u4e58\u9678\u8def\u4ea4\u901a\u5373\u53ef\u3002\u5728\u670d\u52d9\u65b9\u9762\uff0c\u6fb3\u9580\u4e0d\u4f46\u70ba\u8a31\u591a\u5167\u5730\u65c5\u5ba2\u63d0\u4f9b\u4fbf\u5229\uff0c\u9084\u5c0d\u65c5\u5ba2\u5c55\u73fe\u51fa\u71b1\u60c5\u597d\u5ba2\u7684\u5f85\u5ba2\u4e4b\u9053\u3002\u5c31\u786c\u9ad4\u800c\u8a00\uff0c\u4f8b\u5982\u4f4f\u5bbf\u3001\u666f\u9ede\u627f\u8f09\u529b\u3001\u63a5\u5f85\u80fd\u529b\u7b49\uff0c\u4e5f\u5341\u5206\u9069\u5408\u63a5\u5f85\u5927\u91cf\u4f86\u81ea\u5167\u5730\u7684\u65c5\u5ba2\u3002\u6211\u8a8d\u70ba\uff0c\u7e3d\u9ad4\u800c\u8a00\uff0c\u6fb3\u9580\u9084\u53ef\u4ee5\u200b\u200b\u70ba\u5bb6\u5ead\u65c5\u5ba2\u5275\u9020\u66f4\u591a\u65c5\u904a\u9ad4\u9a57\u3002\u8981\u77e5\u9053\uff0c\u9019\u5ea7\u57ce\u5e02\u7d66\u4eba\u611f\u89ba\u958b\u95ca\u4e14\u60a0\u9592\u3002\u4eba\u5011\u80fd\u5920\u5145\u5206\u5229\u7528\u9019\u88e1\u7684\u8f15\u9b06\u6642\u5149\uff0c\u4eab\u53d7\u6fb3\u9580\u7368\u6709\u7684\u65c5\u904a\u9ad4\u9a57\u53ca\u570b\u969b\u5927\u90fd\u6703\u9ad4\u9a57\u3002\n\n\n\n\u6fb3\u9580\u7684\u9152\u5e97\u4f4f\u5bbf\u50f9\u683c\u662f\u5426\u4ecd\u5177\u6709\u7af6\u722d\u529b\uff1f\u56e0\u70ba\u5f88\u591a\u65c5\u5ba2\u9084\u662f\u8a8d\u70ba\u6fb3\u9580\u7684\u623f\u50f9\u592a\u9ad8\u3002\n\n\n\n\u9673\u51a0\u5176 – \u9019\u53d6\u6c7a\u65bc\u5b63\u7bc0\u3002\u6211\u8a8d\u70ba\uff0c\u9019\u4e0d\u53ea\u662f\u6fb3\u9580\u7684\u554f\u984c\u3002\u6bcf\u500b\u76ee\u7684\u5730\u5728\u65c5\u904a\u65fa\u5b63\u671f\u9593\u90fd\u6703\u51fa\u73fe\u985e\u4f3c\u7684\u554f\u984c\uff0c\u9152\u5e97\u623f\u9593\u6578\u91cf\u4e0d\u5920\uff0c\u9019\u5c31\u662f\u6fb3\u9580\u4ecd\u5728\u5efa\u9020\u9152\u5e97\u3001\u5e0c\u671b\u70ba\u65c5\u5ba2\u63d0\u4f9b\u66f4\u591a\u9152\u5e97\u623f\u9593\u7684\u539f\u56e0\u4e4b\u4e00\u3002\u6211\u8a8d\u70ba\u76ee\u524d\u7684\u50f9\u683c\u4ecd\u7b97\u5408\u7406\u3002\u6211\u4e26\u4e0d\u662f\u8aaa\u771f\u6b63\u7684\u65fa\u5b63\uff0c\u56e0\u70ba\u6240\u6709\u76ee\u7684\u5730\u90fd\u8981\u9762\u5c0d\u67d0\u4e9b\u5171\u540c\u554f\u984c\uff0c\u9019\u4e26\u975e\u6fb3\u9580\u7368\u6709\u3002\u4f46\u5728\u5e73\u5e38\u7684\u65e5\u5b50\uff0c\u6211\u89ba\u5f97\u9019\u500b\u50f9\u683c\u9084\u662f\u6bd4\u8f03\u516c\u9053\u7684\u3002\n\n\n\n\u651c\u7a0b\u96c6\u5718\u5c0d\u6fb3\u9580\u7279\u5225\u884c\u653f\u5340\u7684\u63a8\u5ee3\u548c\u898f\u5283\u4e0a\u6709\u4f55\u8a08\u5283\uff1f\n\n\n\n\u9673\u51a0\u5176 – \u7576\u7136\uff0c\u6211\u5011\u8207\u6fb3\u9580\u4ecd\u7136\u4fdd\u6301\u8457\u975e\u5e38\u7dca\u5bc6\u7684\u5408\u4f5c\u95dc\u4fc2\uff0c\u5728\u76ee\u7684\u5730\u63a8\u5ee3\u65b9\u9762\uff0c\u6211\u5011\u5fc5\u5c07\u7e7c\u7e8c\u4ee5\u4e0d\u540c\u7684\u65b9\u5f0f\u5ba3\u50b3\u6fb3\u9580\u3002\u6b63\u5982\u6211\u525b\u525b\u63d0\u5230\uff0c\u535a\u5f69\u4e26\u975e\u9019\u88e1\u7684\u4e00\u5207\uff0c\u6211\u5011\u5e0c\u671b\u4eba\u5011\u80fd\u771f\u6b63\u5730\u3001\u5168\u9762\u5730\u8a8d\u8b58\u6fb3\u9580\u3002\u5176\u6b21\uff0c\u6211\u5011\u8207\u6fb3\u9580\u65c5\u904a\u5c40\u5408\u4f5c\u7684\u4e0d\u50c5\u50c5\u662f\u5167\u5730\uff0c\u4e5f\u958b\u59cb\u62d3\u5c55\u81f3\u6771\u5357\u4e9e\u3002\u6211\u5011\u6b63\u8457\u624b\u5411\u65b0\u52a0\u5761\u3001\u6cf0\u570b\u3001\u99ac\u4f86\u897f\u4e9e\u7b49\u65c5\u5ba2\u767c\u6e90\u5730\u5c55\u793a\u53ca\u63a8\u5ee3\u6fb3\u9580\u3002\u6211\u5011\u5e0c\u671b\u5c07\u6fb3\u9580\u6253\u9020\u6210\u5168\u7403\u65c5\u904a\u76ee\u7684\u5730\u3001\u5168\u7403\u6703\u5c55\u76ee\u7684\u5730\u6216\u5168\u7403\u4f11\u9592\u76ee\u7684\u5730\u3002", "date_published": "November 20, 2023", "date_modified": "November 20, 2023 - 15:45", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://www.macaubusiness.com/wp-content/uploads/2021/04/Screen-Shot-2021-04-22-at-12.51.24-PM.png", "tags": [ "Business Intelligence", "MAG", "MB", "MB Featured" ], "summary": "\u651c\u7a0b\u96c6\u5718\u8207\u6fb3\u9580\u7279\u5340\u653f\u5e9c\u65c5\u904a\u4e3b\u7ba1\u90e8\u9580\u5408\u4f5c\uff0c\u5411\u4e2d\u570b\u5167\u5730\u53ca\u6771\u5357\u4e9e\u5ba2\u6236\u63a8\u5ee3\u6fb3\u9580\u591a\u5143\u5316\u7684\u65c5\u904a\u5f62\u8c61\u3002\u5728\u65b0\u52a0\u5761\u8056\u6dd8\u6c99\u540d\u52dd\u4e16\u754c\u8209\u884c\u7684\u651c\u7a0b\u96c6\u57182023\u5168\u7403\u5408\u4f5c\u5925\u4f34\u9ad8\u5cf0\u6703\u4e0a\uff0c\u96c6\u5718\u526f\u7e3d\u88c1\u9673\u51a0\u5176\u63a5\u53d7\u8a18\u8005\u63a1\u8a2a\uff0c\u63a2\u8a0e\u7576\u524d\u4e2d\u570b\u65c5\u5ba2\u8d8a\u8da8\u5e74\u8f15\u5316\u3001\u6d88\u8cbb\u66f4\u8b39\u614e\u3001\u5c0d\u6df1\u5ea6\u65c5\u904a\u9ad4\u9a57\u8981\u6c42\u66f4\u9ad8\u53ca\u5c0d\u5a1b\u6a02\u5834\u7684\u71b1\u60c5\u6e1b\u9000\u7b49\u65c5\u904a\u65b0\u8da8\u52e2\u3002" }, { "id": "https://www.macaubusiness.com/browning-conquers-first-post-pandemic-formula-3-macau-grand-prix/", "url": "https://www.macaubusiness.com/browning-conquers-first-post-pandemic-formula-3-macau-grand-prix/", "title": "Browning conquers first post-pandemic Formula 3 Macau Grand Prix", "content_html": "\"\"\n

Briton Luke Browning\u00a0conquered the Formula 3 Macau Grand Prix – FIA F3 World Cup, the first win after a three-year pandemic hiatus when the competition was replaced by an F4 race.

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In a race full of interruptions, Browning started confidently, with Theodore Racing\u00a0driver, Italian Gabriele Min\u00ec, on his heels and Hitech Pulse-Eight teammate, Alex Dunne in third.

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However, Dunne went straight to the railing in Lisboa on the first lap, with the Macau GP novice having to abandon the race. 

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Theodore Prema Racing driver Dino Breganovic occupied the gap in third, with the Swede seeming to have successfully overtaken Min\u00ec to second shortly after.\u00a0

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However, he drove his car straight into the railings at Lisboa, allowing teammate Paul Aron to reach a very disputed third place, with MP Motorsport Dennis Hauger overcoming Aron a few laps after. 

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All this in just the first five of the 16 laps of an electrifying FIA F3 World Cup final race.

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With eight laps to go Aron had a massive hit with the rails at Paiol, with the Estonian driver managing to leave his flaming car unscathed. However, the accident led to a red flag, with the race suspended for almost one hour.

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The restart saw some chaotic action, as Hauger overtook Min\u00ec and almost managed an even more daring move passing Browning in Lisboa for some seconds before the Briton driver regained his pole position.

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Browning defended his position expertly against Hauger for the remaining last laps, with Min\u00ec working hard to keep the third spot away from Spanish driver Mari Boya.

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The 16-lap race finished under Safety Car, crowning Browning’s first win in the circuit.

\n", "content_text": "Briton Luke Browning\u00a0conquered the Formula 3 Macau Grand Prix – FIA F3 World Cup, the first win after a three-year pandemic hiatus when the competition was replaced by an F4 race.\n\n\n\nIn a race full of interruptions, Browning started confidently, with Theodore Racing\u00a0driver, Italian Gabriele Min\u00ec, on his heels and Hitech Pulse-Eight teammate, Alex Dunne in third.\n\n\n\nHowever, Dunne went straight to the railing in Lisboa on the first lap, with the Macau GP novice having to abandon the race. \n\n\n\nTheodore Prema Racing driver Dino Breganovic occupied the gap in third, with the Swede seeming to have successfully overtaken Min\u00ec to second shortly after.\u00a0\n\n\n\nHowever, he drove his car straight into the railings at Lisboa, allowing teammate Paul Aron to reach a very disputed third place, with MP Motorsport Dennis Hauger overcoming Aron a few laps after. \n\n\n\nAll this in just the first five of the 16 laps of an electrifying FIA F3 World Cup final race.\n\n\n\nWith eight laps to go Aron had a massive hit with the rails at Paiol, with the Estonian driver managing to leave his flaming car unscathed. However, the accident led to a red flag, with the race suspended for almost one hour.\n\n\n\nThe restart saw some chaotic action, as Hauger overtook Min\u00ec and almost managed an even more daring move passing Browning in Lisboa for some seconds before the Briton driver regained his pole position.\n\n\n\nBrowning defended his position expertly against Hauger for the remaining last laps, with Min\u00ec working hard to keep the third spot away from Spanish driver Mari Boya. \n\n\n\nThe 16-lap race finished under Safety Car, crowning Browning’s first win in the circuit.", "date_published": "November 19, 2023", "date_modified": "November 19, 2023 - 17:12", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/11/browning.jpeg", "tags": [ "70th Macau Grand Prix", "Macau", "MNA", "MNA Featured" ], "summary": "Briton Luke Browning conquered the Formula 3 Macau Grand Prix - FIA F3 World Cup, the first win after a three-year pandemic hiatus when the competition was replaced by an F4 race." }, { "id": "https://www.macaubusiness.com/raffaele-marciello-wins-the-macau-gt-cup/", "url": "https://www.macaubusiness.com/raffaele-marciello-wins-the-macau-gt-cup/", "title": "Raffaele Marciello wins the Macau GT Cup", "content_html": "\"\"\n

Italian driver Raffaele Marciello maintained his dominance at the  Macau GT Cup \u2013 FIA GT World Cup with a comfortable win in the event\u2019s final race.

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The last GT race this Sunday started with Marciello in first, German driver and last year\u2019s winner Maro Engel in second, and Edoardo Mortara in third. 

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The race progressed without notable changes until with nine laps to go Harmony Racing driver Weian Chen crashed his Ferrari 488 GT3 against the Lisboa bend forcing a safety car lap.

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On the restart, Engel\u2019s  Mercedes-AMG seemed to suffer mechanical problems and gradually slowed down, with Mortara jumping to second and South African Sheldon Van Der Linde getting into the podium.

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However, Linde\u2019s third sport was short-lived as he was also affected by technical problems, with Brazilian driver Augusto Farfus, also in a BMW M4 GT3, taking over the last podium spot after overtaking Daniel Serra\u2019s Ferrari 296 GT3 in the race restart.

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No changes would occur until the end of the race, with Marciello celebrating his second GT triumph in the local racetrack since his win in 2019.

\n", "content_text": "Italian driver Raffaele Marciello maintained his dominance at the  Macau GT Cup \u2013 FIA GT World Cup with a comfortable win in the event\u2019s final race.\n\n\n\nThe last GT race this Sunday started with Marciello in first, German driver and last year\u2019s winner Maro Engel in second, and Edoardo Mortara in third. \n\n\n\nThe race progressed without notable changes until with nine laps to go Harmony Racing driver Weian Chen crashed his Ferrari 488 GT3 against the Lisboa bend forcing a safety car lap.\n\n\n\nOn the restart, Engel\u2019s  Mercedes-AMG seemed to suffer mechanical problems and gradually slowed down, with Mortara jumping to second and South African Sheldon Van Der Linde getting into the podium.\n\n\n\nHowever, Linde\u2019s third sport was short-lived as he was also affected by technical problems, with Brazilian driver Augusto Farfus, also in a BMW M4 GT3, taking over the last podium spot after overtaking Daniel Serra\u2019s Ferrari 296 GT3 in the race restart.\n\n\n\nNo changes would occur until the end of the race, with Marciello celebrating his second GT triumph in the local racetrack since his win in 2019.", "date_published": "November 19, 2023", "date_modified": "November 19, 2023 - 13:00", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/11/rafaelle.jpeg", "tags": [ "70th Macau Grand Prix", "Macau", "MNA", "MNA Featured" ] }, { "id": "https://www.macaubusiness.com/frederic-vervisch-wins-macau-guia-race-norbert-michelisz-wins-kumho-tcr-championship/", "url": "https://www.macaubusiness.com/frederic-vervisch-wins-macau-guia-race-norbert-michelisz-wins-kumho-tcr-championship/", "title": "Fr\u00e9d\u00e9ric Vervisch wins Macau Guia Race, Norbert Michelisz wins Kumho TCR championship", "content_html": "\"\"\n

Belgian driver Fr\u00e9d\u00e9ric Vervisch for Audi Sport Team Comtoyou won the final race of the Macau Guia Race – Kumho TCR World Tour Event of Macau, with Hungarian driver Norbert Michelisz winning the 2023 Kumho TCR World Tour.

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Michelisz won the season after a thrilling Macau finale, picking up enough points to finish up ahead of Yann Ehrlacher and Rob Huff in the drivers’ standings.

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The race started practically with a safety car, after an accident involving veteran Hong Kong driver Paul Poon.

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After three safety car laps, the restart continued with Cyan Racing Lynk & Co driver Santiago Urrutia in first, Vervisch in second and Thed Bjork in third.

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Macau Guia Race winners
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The winner of yesterday\u2019s first race, Hungarian driver Norbert Michelisz from BRC Hyundai Team languished at ninth after a disastrous start.

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Title contender and Macau Guia Race multiple winner Rob Huff (Comtoyou Audi) remained in fourth, repeatedly attempting to overtake Bjork for a place on the podium.

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At the 8th lap was successful in a daring move on Urrutia, Vervisch managed to jump to the pole, with Huff also finally managing to jump over Bjork and push to third.

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However, shortly after, Huff\u2019s Audi had to leave the track after his hood got loose following a small touch. The upset allowed French driver Yann Ehrlacher to sneak into the third spot.

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2023 Kumho TCR World Tour winners
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Nothing would change in the remaining few laps, and the Audi Sport Team Comtoyou crossed the checkered flag, followed by Cyan Racing drivers Urrutia and Erlacher.

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Norbert Michelisz finished eight but celebrated the win of the Kumho TCR championship. Michelisz held an 18-point lead ahead of Huff ahead Michelisz for the TCR World Tour final race, with Ehrlacher two points behind.

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“On a day like this, with a team like this and a race track like this, what else do you need more in life? I’m incredibly happy,” an elated Michelisz said after the race.

\n", "content_text": "Belgian driver Fr\u00e9d\u00e9ric Vervisch for Audi Sport Team Comtoyou won the final race of the Macau Guia Race – Kumho TCR World Tour Event of Macau, with Hungarian driver Norbert Michelisz winning the 2023 Kumho TCR World Tour.\n\n\n\nMichelisz won the season after a thrilling Macau finale, picking up enough points to finish up ahead of Yann Ehrlacher and Rob Huff in the drivers’ standings.\n\n\n\nThe race started practically with a safety car, after an accident involving veteran Hong Kong driver Paul Poon.\n\n\n\nAfter three safety car laps, the restart continued with Cyan Racing Lynk & Co driver Santiago Urrutia in first, Vervisch in second and Thed Bjork in third.\n\n\n\nMacau Guia Race winners\n\n\n\nThe winner of yesterday\u2019s first race, Hungarian driver Norbert Michelisz from BRC Hyundai Team languished at ninth after a disastrous start.\n\n\n\nTitle contender and Macau Guia Race multiple winner Rob Huff (Comtoyou Audi) remained in fourth, repeatedly attempting to overtake Bjork for a place on the podium.\n\n\n\nAt the 8th lap was successful in a daring move on Urrutia, Vervisch managed to jump to the pole, with Huff also finally managing to jump over Bjork and push to third.\n\n\n\nHowever, shortly after, Huff\u2019s Audi had to leave the track after his hood got loose following a small touch. The upset allowed French driver Yann Ehrlacher to sneak into the third spot.\n\n\n\n2023 Kumho TCR World Tour winners\n\n\n\nNothing would change in the remaining few laps, and the Audi Sport Team Comtoyou crossed the checkered flag, followed by Cyan Racing drivers Urrutia and Erlacher.\n\n\n\nNorbert Michelisz finished eight but celebrated the win of the Kumho TCR championship. Michelisz held an 18-point lead ahead of Huff ahead Michelisz for the TCR World Tour final race, with Ehrlacher two points behind.\n\n\n\n“On a day like this, with a team like this and a race track like this, what else do you need more in life? I’m incredibly happy,” an elated Michelisz said after the race.", "date_published": "November 19, 2023", "date_modified": "November 19, 2023 - 11:48", "author": { "name": "Nelson Moura", "url": "https://www.macaubusiness.com/author/nelson-moura/", "avatar": "https://secure.gravatar.com/avatar/8580623bdcd7b18171598f6c6c4d3f59?s=512&d=mm&r=g" }, "image": "https://hogo.sgp1.digitaloceanspaces.com/macaubusiness/wp-content/uploads/2023/11/Screenshot-2023-11-19-at-11.43.45%E2%80%AFAM.jpg", "tags": [ "70th Macau Grand Prix", "Macau", "MNA", "MNA Featured" ], "summary": "Belgian driver Fr\u00e9d\u00e9ric Vervisch for Audi Sport Team Comtoyou won the final race of the Macau Guia Race - Kumho TCR World Tour Event of Macau, with Hungarian driver Norbert Michelisz winning the Kumho TCR championship" } ] }