Archive for April 23, 2008

Give me five: residents get subsidy, casinos get squeezed

Wednesday, April 23, 2008
Issue 322, Page 1 & 2
Word count: 1252
Published in: Macau Daily Times

By Poyi (Natalie) Leung

Every permanent resident and non-permanent resident of Macau will receive a one-time government subsidy of 5,000 patacas and 3,000 patacas respectively in July, Chief Executive Edmund Ho Hau Wah announced at the Legislative Assembly yesterday.

The Chief Executive also announced a series of policies to freeze any new expansion of Macau’s gaming industry including no more land approval for future casino construction applications. … continue reading this entry.