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Sam Hou Fai - 1 Sam - 1 Macao's - 1 Ho Iat Seng - 1 wouldn't - 1 Seng - 1
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4 mentions found


☆ Macao's next leader wants to wean economy off gambling
  + stars: | 2024-10-14 | by ( Dylan Butts | ) www.cnbc.com   time to read: +2 min
Slated to become the next leader of Macao, Sam Hou Fai wants to steer China's special administrative region further away from its heavy reliance on gaming and gambling. Formerly Macao's top judge, Sam was elected Macao's next leader in an uncontested vote on Sunday. In the lead-up to his selection, the 62-year-old identified the diversification of Macao as an urgent issue to address. He added he would consider creating public funds to promote the development of emerging industries outside gaming and gambling. However, that reliance backfired during the Covid-19 pandemic when the gambling and gaming industries took major hits from border closures and social distancing policies.
Persons: Sam Hou Fai, Sam, Macao's, Ho Iat Seng, wouldn't, Seng Organizations: Trade, Beijing Locations: China, Macao, Greater China, Beijing
☆ Hong Kong, Macau leaders to visit Beijing Dec 21-24
  + stars: | 2022-12-20 | by ( ) www.reuters.com   time to read: 1 min
[1/2] Hong Kong Chief Executive John Lee speaks during the Global Financial Leaders Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu/FilesBEIJING, Dec 20 (Reuters) - Hong Kong chief executive John Lee and Macau chief executive Ho Iat Seng will head to Chinese capital Beijing over Dec. 21-24, state media and a government statement said on Tuesday. Reporting by Beijing newsroom; Writing by Liz Lee; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.
☆ Macau casino operators soar as China allows tour groups after nearly 3 years
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +2 min
A woman rest next to the decoration inside the Wynn Palace casino resort in Macau, China December 20, 2019, on the 20th anniversary of the former Portuguese colony's return to China. Sands China (1928.HK) rose more than 13%, Wynn Macau (1128.HK) climbed 7%, Galaxy Entertainment (0027.HK) advanced 10% while shares of SJM (0880.HK) and MGM China (2282.HK) jumped 8% each. Currently, Chinese tourists to Macau need to book a visa appointment followed by a week-long approval process. The individual visa scheme accounted for around 50% of Chinese visitors to Macau in 2019 while tour groups accounted for around 25% of visitation. In the first phase, the resumption of tour groups will come from five provinces -- Guangdong, Shanghai, Zhejiang, Jiangsu and Fujian -- which represented almost 60% of mainland visits to Macau in 2019.
☆ Macau plans November return for mainland Chinese tour groups
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: 1 min
Register now for FREE unlimited access to Reuters.com RegisterA general view of Macau peninsula, China, seen from Macau Tower October 8, 2015. REUTERS/Bobby YipHONG KONG, Sept 24 (Reuters) - Macau aims to open to mainland Chinese tour groups in November for the first time in almost three years, the city's chief executive, Ho Iat Seng, said on Saturday. The gambling hub has implemented stringent pandemic restrictions, with tight border controls in place since 2020 having a major impact on its casino industry. Mainland tour groups are a key source of visitors for the city's casinos. Register now for FREE unlimited access to Reuters.com RegisterReporting by Twinnie Siu and Scott Murdoch.
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