DAILY NEWS WRAP

  1. The New South Wales government has won a legal battle that would see Melco Resorts forced to share nine company documents that they wanted to keep secret, claiming legal professional privilege. The documents required will be used as part of the ILGA inquiry into James Packer’s sale of 20% stake in Crown to Melco, along with accusations by The Sydney Morning Herald, The Age and 60 Minutes that Crown had links to organized crime. AGB
  2. SJM Holdings Co-Chairman and Executive Director Angela Leong On Kei says the company is “doing our best” to prevent any further delays to the opening of its Cotai integrated resort, Grand Lisboa Palace, due to the coronavirus pandemic, despite challenges faced by current restrictions on the entry of non-resident workers to Macau. IAG  
  3. Future Bright Holdings Limited is on alert for a considerable continued loss of revenue in the first quarter of 2020 due to the outbreak of the Covid-19 infection, after it recorded HKD376.8 million in unaudited losses last year. The majority of the loss was derived from the disposal of its development property project, namely the “Hengqin Land” in Hengqin Island. MDT
  4. The monthly average value of new commercial real estate loans approved between November 2019 and January 2020 amounted to 2.4 billion patacas, down by 35.6% in comparison with the previous period between October and December 2019. MDT  
  5. The government-issued e-voucher worth 3,000 patacas, for which registration starts next Wednesday, will be redeemable from May 1 to July 31, the Executive Council (ExCo), disclosed yesterday. MDT
  6. Secretary for Security Wong Sio Chak has said that due to the epidemic, no further progress has been made on rolling out the government’s new facial-recognition surveillance system. He said all work will be carried out according to the laws of Macau and will be designed and implemented with the protection of citizens’ legitimate rights and interests in mind. MDN
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