Macau Business | Macau News Agency Newsletter for 06/18/2022

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Part of Old City Wall to be demolished due to risk of collapse

Pressure to increase bank prime interest rates still low – Bank of China

Waldo Hotel still negotiating maintaining casino operations with Galaxy – Media

Legislators urge authorities to follow-up situation of employees in closed satellite casinos

Hengqin to be developed as ‘zero-carbon’ island

Local underage students suspected of involvement in parallel trading

Golden Dragon Group casinos reach agreement with SJM to run until year-end

General gaming law amendment Legislative Assembly final voting to take place on June 21

Fidelidade Macau facing credit contagion risk from parent company Fosun – Brokerage

SJM staff costs could increase by HK$600 mln this year after absorbing satellite casino workers

Rio Hotel management criticises lack of negotiation by Galaxy to avoid casino closure

7+7 medical observation only enforced after assessment of current 10+7 system

Increase in gaming taxes “creates doubts” for investors – Analyst

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