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Macau Seen to Experience Budget Deficit Should Gambling Revenue Fall, Chief Executive Says
Hong Kong stocks have shown unusual movements | Macau Casino stocks continue to decline, MELCO INT'L DEV (00200) fell over 3%, and Morgan Stanley pointed out the short-term downside risks for Macau Casino stocks.
Macau Casino stocks continue to decline. As of the time of writing, MELCO INT'L DEV (00200) is down 3.44% at 3.37 HKD; Sands China (01928) has dropped 2.74% to 12.8 HKD.
The Chief Executive of Macau, Ho Iat Seng, has presented the first policy address during his term, showcasing greater achievements in moderately diversified economic development.
Cen Haohui mentioned increasing efforts in attracting investment, deepening connectivity with Aoqin, promoting the "single license vehicle" from Hongqin northward, expanding government and public service guarantees, and creating an environment similar to that of Macau.
Macau Gaming Revenue Inches Up in March
EMPEROR E HOTEL (00296.HK) appointed Yang Zhenglong as the Vice Chairman of the Board of Directors.
On February 3, Gelonghui reported that EMPEROR E HOTEL (00296.HK) announced that starting from April 1, 2025: (1) Mr. Yang Zhenglong will be appointed as the Vice Chairman of the Board of Directors, Executive Director, and Chairman of the Executive Committee; (2) Mr. Huang Zhihui will retire from his positions as Executive Director and member of the Executive Committee; and (3) Ms. Fan Minchang will step down as Chairman of the Executive Committee but will continue to be a member of the Executive Committee.
Express News | Emperor Entertainment Hotel - Yeung Ching Loong, Alexander Will Be Appointed as Vice Chairman , Executive Director
