Tag Archives: Fernando Chui
- Macau chief forecasts ‘low’ single-digit recovery in 2017
November 16, 2016
Despite Macau’s promising recovery, Chief Executive Fernando Chui is keeping his expectations low for the city state’s gambling revenue next year. In October, the world’s biggest casino hub posted an 8.8 percent year-on-year increase to MOP21.82 billion (USD2.73 billion)—its best month since January 2015, when GGR totaled MOP23.84 billion. It...
- Macau government sees economic rebound in 2017
July 28, 2016
Will Macau finally see the light at the end of the tunnel after three years of suffering from economic contraction? Macau Chief Executive Fernando Chui has made a bold prediction that former Portuguese enclave’s economy will rebound to growth in 2017 after a 25-month long gaming revenue drop, as its...
- Lionel Leong backs Macau govt GGR forecast for 2016
February 23, 2016
Macau Secretary for Economy and Finance Lionel Leong Vai Tac is backing the government's forecast for casino gross gaming revenue (GGR) in 2016. In November, Macau’s Chief Executive Fernando Chui Sai On said that the economic forecast for 2016 is MOP200 billion, an average of MOP16.6 billion per month. Leong,...
- Macau chief exec says 2016 casino revenue could be 43% lower than in 2014
November 18, 2015
Macau’s top politician says next year’s casino gaming revenue will likely be little more than half its 2014 total, dramatically underscoring the challenges facing the world’s top gambling hub. On Tuesday, Macau Chief Executive Fernando Chui (pictured) announced his policy proposals for legislators to consider in 2016, but he may...
- Macau Tightens Belt as Gaming Revenues Fall Short of Target
July 28, 2015
Macau is considering austerity measures amidst predictions that gaming revenues will not meet the government’s target for July. The Macau Business Daily reported Secretary for Economy and Finance Lionel Leong expects the city’s gaming revenues will fall short of MOP18 billion ($2.25 billion) in July, saying “it will be necessary...
- Macau Chief Executive optimistic over future of gambling industry
May 11, 2015
Macau Chief Executive Fernando Chui Sai On published a recorded speech with an optimistic message on the future of the Macau gambling industry. Chui, for the first time, shared his thoughts in an audio file available on the government’s website on Sunday. The Chief Executive's Office website added “Chief Executive...
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Macau night spots to hit when you’re not gambling
April 2, 2014