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Macao
31 January 2023

“Displeased” David Chow moves to close Cabo Verde consulate in Macao
Businessman David Chow has resigned from his position as Honorary Consul of Cape Verde in Macau, and is moving to close the diplomatic representation, dissatisfied with the way his investments have been handled in the African country.
03 January 2023

Macao’s 2022 GGR down by 51.4% year-on-year
Macao’s accumulated gross gaming revenue (GGR) in 2022 was MOP 42.19 billion, down 51.4 per cent compared with 2021, when the GGR was recorded at MOP 86.86 billion.
08 December 2022

Macau approves launch of second exchange for small Chinese companies
A microfinancing platform, backed by former Hong Kong stock exchange chief, has won approval to set up Macau’s second financial exchange that will allow foreign investors to invest in financing products issued by small Chinese companies.
28 November 2022

Science and Tech Cooperation between GBA and Portuguese-speaking countries advances
Macau will create two Sino-Lusophone centers to support the setting up of “advanced technology projects” by Portuguese-speaking countries in the Greater Bay Area, including scholarships and collaborations with universities and companies.
14 November 2022

BNU improves net interest income and business volume until september
Banco Nacional Ultramarino, S.A. (BNU) reported higher net interest income and business volume but lower profits for the first nine months of 2022, owing to non-recurring events.
28 October 2022

Estoril-Sol group to continue to run the Estoril and Lisbon casinos in Portugal 
The jury of the international public tender for the granting of the Estoril Gaming Zone concession, which includes the Estoril and Lisbon casinos, has decided to exclude the proposal presented by Bidluck company.
24 October 2022

MdME law firm launches in Lisbon to strengthen presence in Portugal
MdME law firm is opening a new office at the heart of Lisbon’s central business district, with the goal of strengthening its presence in the Portuguese market.
21 October 2022

50% increase in deals expected this year at MIF, MFE, PLPEX 
Macao Trade and Investment Promotion Institute (IPIM) expects the number of contracts signed during the 27th Macao International Trade and Investment Fair (MIF), Macao Franchise Expo 2022 (MFE) and 2022 Portuguese Speaking Countries Products and Services Exhibition (Macao) (PLPEX) to increase by over 50 per cent compared to last year.
05 October 2022

Portuguese healthcare startup wins innovation contest in Macau
Portuguese startup Virtuleap is the winner of an innovation contest in Macau, in which five other Brazilian companies were distinguished and which opens the door to funding support and the Chinese market.
26 September 2022

Growing doubts on completion of David Chow´s project in Cabo Verde
Doubts are growing about David Chow´s casino complex being completed in Cabo Verde, according to the local press, while the Macao magnate´s group faces financial stress back home.
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