Ching Ming Festival

Ching Ming Festival is one of the 24 segments in Chinese calendar.   It normally falls on the 4th or 5th of April because it’s depended on the Cold Food Day (105 days after previous year’s winter solstice).  In the old days, Ching Ming was celebrated 3...

Premium mass market the focus of newest casinos

Of the 150 new gaming tables in the second phase of Galaxy Entertainment Group Ltd’s Galaxy Macau casino-resort, which opens today, about 40 are for the VIP rooms and the remaining 110 tables are for the mass market of which the majority are to be allocated to...

Q1 retail sales fall 11 pct to MOP16.41 bln

Retail sales in the first quarter of this year were worth MOP16.41 billion (about US$2.05 billion), 11 per cent less than a year earlier, official data show. The Statistics and Census Service attributes the decrease to lower sales of luxuries. The service’s figures...

I.T.’s annual sales in Macau rise to HK$221.3 mln

Clothes shop chain operator I.T. Ltd’s annual sales in Macau increased by 1.6 percent to HK$221.3 million (US$28.5 million) in its financial year ended February 28. I.T. told the Hong Kong Stock Exchange that its operating profit in Macau grew by 0.3 percent to...

Tod’s registers weak Q1 sales in Macau, Hong Kong

Italian shoemaker Tod’s SpA’s latest earnings report indicates weak sales in Macau and Hong Kong in the first quarter of this year. The report says a “general sharp decline of store traffic and consumer spending” helped reduce Tod’s first quarter-sales in...

Mainlanders press demand for more severance pay

About 100 migrant construction workers from the mainland laid off by Hsin Chong Engineering (Macau) Ltd have marched from Cotai to the peninsula to press their demand for more severance pay, Business Daily reports. The newspaper says the workers assembled yesterday at...

CY Management’s annual loss deepens to HK$21.6 mln

Electronic gaming equipment manager CY Management Ltd’s annual loss increased to HK$21.6 million (about US$2.77 million) in its financial year ended March 31 from HK$9.7 million the year before. CY Management’s parent company, CY Foundation Group Ltd, told the Hong...

Cotai 2.0: Day one

It’s finally started. The new wave of mega casino resorts in Macau. A movement known affectionately as Cotai 2.0 kicks off today with the opening of Galaxy Phase II. Galaxy Phase II – which incorporates The Ritz Carlton and JW Marriott hotels and Broadway Macau...

Luxury put retail sales down

Retail sales for Q1 2015 decreased 11 pct y-o-y. Plunging luxury item sales are cited. Sales of watches, clocks & jewellery posted -31 pct and leather goods -28 pct. For this quarter, half of local retailers expect sales to remain stable read...

Thailand’s stunted transition

Thitinan Pongsudhirak Thitinan Pongsudhirak Professor and Director of the Institute of Security and International Studies at Chulalongkorn University’s Faculty of Political Science in Bangkok read...