Macau Success Ltd, part owners of Ponte 16 Casino, shares were sharply lower after the company warned of a net loss for the year to September. The stock was down today 0.16 hkd or 20.51 pct at 0.62, off a low of 0.60. Macau Success said it expects to post a loss for the year to

The latest Macau statistics indicates that visitor arrivals totalled 2,583,372 in August 2008, a year-on-year increase of 8.5%. Visitors from Mainland China (1,488,084) and Hong Kong (757,784) rose by 10.6% and 5.2% respectively, while those from Taiwan, China (112,454) decreased by 7.0%. Same-day visitors took up 52.6% of the total arrivals, at 1,357,855. The majority of

Macau is so hot on Australia’s leisure and business travel list that arrivals into the Asian centre from Down Under have risen by almost 50 per cent this year. The dramatic increase for the first eight months of 2008 follows last year’s significant increase that resulted in a record 120,000 making the journey across the Pacific

Revenue from gaming so far this year is similar to that for the same period last year, the Secretary for Economy and Finance, Mr Tam Pak Yuen, disclosed today. He said despite a slowdown in growth, the Government was still confident revenue would be maintained at its present level. On the recent lay-offs by a gaming operator,

Three consecutive days of Mid-Autumn holidays did not bring any increase in the number of tourists to Macau, according to Wu Keng Kuong, president of board of directors of Travel Industry Council of Macau. Mr Wu said that the number of tourists had remained similar to that of the previous year, saying that the flow of

Secretary for Economy and Finance, Francis Tam Pak Yuen said Macau’s gaming industry entering a period of consolidation, “precisely” at a time when the government is comprehensively assessing the development and size of the sector. “Through this consolidation, the governor hopes that Macau’s economy and society can develop in a healthier and more sustainable way,”