Each November during the Macau Grand Prix, Macau wakes up with a jolt as more than 200 racing drivers and riders, as well as thousands of motor sports fans, descend on the territory for the world’s only international street circuit race meeting which features both car and motorcycle races.
The 61st running of the legendary event, the Macau Grand Prix 2014 will be held with a total of three days of extraordinary racing from November 13th to 16th.
Macau Grand Prix Straight
The program is unprecedented in its depth of talent, diversity, and prestige, with an impressive combination of exciting young talent, established stars and the world’s most famous names in automotive excellence.
Here is a great Macau history video from 1960 showing Macau as seen many years ago. It was still a Portuguese colony. Its harbor, Ma-Kwok temple, St.Paul’s Cathedral facade, Chiang Kai Shek’s portrait was still displayed, firecracker industry, ferry with refugees.
Macau junket operator Jimei Group Ltd’s chairman, Lam Yin Lok, and his associates have failed in their effort to buy all the stock of Sinogreen Energy International Group Ltd, a supplier of conductive silicon rubber keypads.
Sinogreen Energy and Mr Lam’s Reach Luck International Ltd jointly told the Hong Kong Stock Exchange that the mandatory unconditional cash offer had been accepted by the holders of only 0.005 percent of its issued share capital, leaving about 25.15 percent in the hands of the investing public.
The stock exchange’s rules obliged Mr Lam and his associates to make the offer after they took possession last month of 65.85 percent of Sinogreen Energy.
Macau casino operator Sands China Ltd’s labour costs will grow to over US$1 billion (about MOP8 billion) this year, their highest ever, according to Sheldon Adelson, the boss of parent company Las Vegas Sands Corp.
Mr Adelson attributes the increase to the need to pay workers more to attract and keep them in a competitive labour market.
He told investors: “There has been a great deal of noise lately from certain circles about the negative impact of rising labour costs in Macau. Let me share with you that we are more than happy to increase the salaries of our employees there.”
The legalisation of casino gambling in Japan will probably be delayed again, Reuters reports.
The news agency quotes Keiichi Ishii, the policy chief of one of the parties in the country’s governing coalition, as saying parliament is unlikely to have enough time to pass the necessary legislation during its current session, so putting back the legalisation of casinos.
Macau casino operators Las Vegas Sands Corp, MGM Resorts International and Melco Crown Entertainment Ltd are among the companies attracted by a casino gaming market in Japan.
This year’s Macau International Trade and Investment Fair opens on Thursday.
The fair is a manifestation of Macau’s ambition to be a place for China and Portuguese-speaking countries to do business.
The president of the Macau Trade and Investment Promotion Institute, Jackson Cheong Chou Weng, says the fair will have pavilions for lusophone countries, and that business matching sessions would be held during the four-day event.
Mr Cheong said he expected at least 48 trade agreements to be signed.
On-call cab operator VangIek Radio-Taxi Co Ltd has kept losing money since the government extended its contract in February, Business Daily reports.
The newspaper quotes VangIek Radio-Taxi executive director Eugenio Cheng Weng Chiu as saying his company is struggling with a high turnover rate among its drivers.
Mr Cheng said VangIek Radio-Taxi had met the requirement of its contract that it have 60 of its yellow taxis on call for the first nine months of the extension, with a view to increasing the number to 100 eventually.
He declined to say how much money his company had lost in the past nine months.
Director of the Marine and Water Bureau (DSAMA), Wong Soi Man, has revealed that renovations to the Macau Ferry Terminal (also known as the Outer Harbor Ferry Terminal) will not be finished until the end of this year. She explained that the delay was inevitable because the renovation is being carried out while the terminal […]
The 5th edition of the Macao Fashion Festival kicks off this Thursday, with local designers showcasing their creations at The Venetian Macao, as part of the Macao International Trade and Investment Fair (MIF) which also takes place this week. The director general of the Macau Productivity and Technology Transfer Center (CPTTM), Mr Shuen Ka Hung, […]
One of the highlights of this year’s Macau International Trade and Investment Fair (MIF), which will take place between October 17 and 20 at The Venetian Macao, will be the Portuguese-Speaking Countries Pavilion. The president of the Macau Trade and Investment Promotion Institute (IPIM) says that the pavilion will occupy around 1,500 square meters of […]