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Jan 17, 2025 | 
macaubusiness.com | Nelson Moura
The Macau Property Opportunities Fund has announced ‘significant strides’ in its divestment strategy, even as challenges persist within the property sector. Notably, the company successfully sold two villas at The Fountainside and five additional units at The Waterside, bringing the total gross sales proceeds to approximately US$93 million (MOP744.4 million) since the divestment program commenced in mid-2022.
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Jan 13, 2025 | 
macaubusiness.com | Nelson Moura
A Macau investor involved in the coal business has purchased a 5.5 per cent share for some AU$35 million (MOP173.4 million) in Australian gaming group The Star Entertainment Group, the company recently revealed. No information was provided by the Australian company concerning the new investor.
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Jan 10, 2025 | 
macaubusiness.com | Nelson Moura
As the Lunar New Year approaches in 2025, an increasing number of Chinese travelers are opting to celebrate this festive season overseas, with the Macau SAR still one of the top choices, Trip.com indicated to Macau News Agency. At the same time, China is experiencing a revival in inbound tourism, with foreign visitors drawn to its vibrant celebrations. In 2025, the Chinese Lunar New Year begins on January 29 and lasts until the Lantern Festival on Wednesday, February 12.
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Jan 8, 2025 | 
macaubusiness.com | Nelson Moura
The organizers of the upcoming G2E Asia and Asian IR Expo 2025 events have denied that the conference has steered away from gaming, countering that the gaming aspect of the events has in fact increased from last year’s edition. A press conference at the Macau International Golf Club unveiled key details about the upcoming G2E Asia and Asian IR Expo 2025, scheduled to run concurrently from May 7 to 9 in Macau.
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Dec 20, 2024 | 
agbrief.com | Nelson Moura
Xi’s remarks came as part of celebrations marking the 25th anniversary of Macau’s handover to China, and in a speech following the swearing-in of the SAR’s new Chief Executive, Sam Hou Fai. Xi reiterated that, while Macau has made significant strides in economic recovery following the downturn caused by the pandemic, there is a need to reduce the reliance on the SAR’s casino sector.
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Dec 18, 2024 | 
agbrief.com | Nelson Moura
In an official statement, the CEO of RWA, Kai Cantwell, claimed that the Australian taxation system, “traditionally seen as neutral and immune to moral judgment”, is being used to “promote ideological agendas at the expense of jobs, innovation, and investment”. He emphasized that the exclusion of wagering companies from R&D support creates risks not only for the industry but also for the broader Australian economy.
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Dec 8, 2024 | 
macaubusiness.com | Nelson Moura
Local health authorities want to optimize and expand mental health services by enhancing training for health professionals and promoting community mental health awareness to encourage residents to seek psychological support actively. Mental health has become a topic of heated public debate in the SAR, after the city recorded 88 suicide deaths in 2023, a 10 per cent increase from the previous year, while as of the third quarter of this year, there have already been 62 reported suicides.
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Dec 6, 2024 | 
macaubusiness.com | Nelson Moura
The National Basketball Association (NBA) is set to make its long-awaited return to China with a five-year agreement signed with gaming operator Sands China to host two pre-season games in the next five years at The Venetian arena the Macau SARTwo pre-season games between the Brooklyn Nets and Phoenix Suns are already scheduled for October 10 and 12, 2025, at the Venetian Arena in Macau, ESPN reported.
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Dec 2, 2024 | 
macaubusiness.com | Nelson Moura
December gross gaming revenue (GGR) should increase by 5.2 per cent year-on-year, although the month may experience a slight downturn due to the expected visit of General Secretary Xi, which could lead to reduced activity during that week, brokerage Seaport added. China’s president is expected to travel to Macau for the 25th handover celebrations and the swearing-in of the city’s new government on December 20th.
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Nov 29, 2024 | 
macaubusiness.com | Nelson Moura
Aiming to set a flag on what is still uncharted territory, the first Thai Entertainment Complex Summit will be held in December in Bangkok, ground zero for what could be Asia’s new fertile gaming ground. Rosalind Wade, CEO of the summit’s organiser, Winna Media, tells Macau Business the conference is a way for industry members to gauge the potential of this promising new market.
