Archive for October, 2008

Toilet Summit & Expo 2008 To Be Held in Macau

Experts from over 40 Countries Will Convene in the Enclave to Address the World's Most Challenging Sanitation Issues. Health and sanitation experts from around the world are expected to discuss new ways to provide safe and hygienic toilets for the world's population at the ninth annual World Toilet Summit and Expo scheduled to take place at

Macau’s Property Market Today

The current financial instability in the Worlds’ economy is certainly going to affect Macau property prices. The question is; How ? Opinions vary of course, that is the nature of ‘forecasting’. One of the world’s most respected financial institutions, the International Monetary Fund or IMF, predicts recession in USA and Europe. You may think that all these

Entry List Revealed For Macau F3 Grand Prix 2008

The provisional entry list for the 26th running of the Macau Grand Prix has been revealed, with a number of rookie drivers hoping to challenge for honours on the tricky Guia Circuit next month. Teams from the British F3, Japanese F3 and Euroseries will all make the trip to the Chinese enclave with drivers from all

Macau Government Guarantees Unlimited Bank Deposits Until 2010

The government of Macau Tuesday said it would provide unlimited bank guarantees on deposits in Macau banks, estimated at a total of US$32.5 billion (260 billion patacas), MacauNews reported Wednesday.Macau’s Secretary for the Economy and Finance, Francis Tam said at a press conference that the government would, “provide loans or capital to banking isntitutions that

Wynn Macau Expects Higher Q-3 2008 Returns

Wynn Resorts, Limited (Nasdaq: WYNN) announced preliminary expectations of its financial results for the quarter ended September 30, 2008. The Company decided to pre-release results to provide investors with more timely information due to the volatility in the global markets. The results in this release are preliminary and subject to the completion of the final

Foreign Workers Will Face New Measurement Of Employment

The Government will introduce a series of measures to limit the employment of foreign workers, to boost the employment of local workers in Macao. This was announced by the Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, when attended a special meeting in the Legislative Council. Mr Tam gave details of the measures to legislators

Fruitful End Of Splendid Fireworks Display Contest

Brezac Artificef from France netted the top prize, while Japan’s Tamaya Art Pyro Technics and Chinese Taiwan’s Wan Dar Fireworks Mfg took second and third places in the Wynn Macau - 20th Macau International Fireworks Display Contest at a ceremony held at the Macau Tower Convention and Entertainment Center. Macau Government Tourist Office Director João Manuel

Passing Through Macau’s Changing Times

It's pouring rain, the remnants of a typhoon that has just passed through, and I am standing in a Macau cemetery, thinking of the late Princess of Wales. Not that the ill-fated royal ever made it to the Asian port city but a relative of hers, a naval captain named Lord

Crown Macau on Losing Streak

James Packer's Macau casino joint venture is on a losing streak, struggling more than its rivals to cope with the downturn in the world's largest casino market. Crown Macau has slumped to fifth place after it lost patrons to its rivals Wynn Resorts and Galaxy. The VIP casino only managed to hold on to 8 per

WTCC Announcement Of Calendar For Motor Racing For 2009

The FIA World Motor Sport Council has approved the draft schedule for the 2009 World Touring Car Championship season and Macau has remained on the list. There are 12 meetings planned, including one in Morocco in May that will make use of a new street circuit around Marrakech that awaits homologating by the FIA. The other change