Macau Business

05/08/2026

Simon Vong Sin Man’s tenure as chairman of the board of directors of the Monetary Authority of Macau (AMCM) (AMCM) has been extended to the end of 2026, alongside the terms of two other executive directors at the city’s de facto central bank.

Macau, MNA | Simon Vong Sin Man’s tenure as chairman of the board of directors of the Monetary Authority of Macau (AMCM) (AMCM) has been extended to the end of 2026, alongside the terms of two other executive directors at the city’s de facto central bank.

05/08/2026

Eight people have been caught for their involvement in a cross‑border crypto fraud scheme that allegedly amassed nearly MOP100 million (US$12.37 million) in illegal gains.

Judiciary Police (PJ) spokespeople told a press conference on Tuesday that the security force worked with their counterparts from the Hong Kong Police Force in a coordinated mission between 1 and 3 August, successfully dismantling the suspected syndicate posing as an investment promoter for a coffee business.

Of the eight suspects apprehended, two women were arrested by PJ officers.

The agency said that at least nine Macau residents reported losing as much as MOP3.6 million to the scheme. In Hong Kong, as many as 225 complaints were filed, with reported losses amounting to HK$94 million.

The pair apprehended in Macau, aged 52 and 64, have already been sent to the Public Prosecutions Office for further action.

An ongoing probe launched by the PJ suggests that there were at least 40 Macau victims.

Crypto investment-
As the Judiciary Police revealed, the two Macau women arrested were responsible for local operations.

In November 2025, the duo received instructions from their Hong Kong‑based boss to extend a coffee brand to the busy Horta e Costa district.

They reportedly handed out free beverages to attract attention before casting the net wider to ensnare potential investors.

Interested investors were promised high returns from a technological project linked to coffee production.

PJ detectives said that the syndicate strategically adopted cryptocurrencies and a pyramid scheme to evade investigation.

However, the pair denied any wrongdoing, stressing that they had never met their recruiters in person.

All contact was made online, with funds used to operate the alleged racket coming from Hong Kong.

As part of the scheme, victims were instructed to wire money to a designated crypto mobile app, which PJ investigators said operated until July this year.

It was then that victims realised the coffee shop had stopped operating.

https://macaubusiness.com/crypto-coffee-hk-and-macau-police-bust-mop100-mln-ponzi-scheme/

05/08/2026

Gaming operator Wynn Macau, Limited reported operating income of US$162.8 million in the second quarter of 2026, up 27 per cent from the same period in 2025, according to a company announcement on Wednesday.
The operator said adjusted earnings before interest, taxes, depreciation, amortisation, and rent (EBITDAR) for the gambling concessionaire in Macau reached US$297 million in the second quarter, 17 per cent more than a year earlier.

Gaming, Macau, MNA, MNA Featured | Gaming operator Wynn Macau, Limited reported operating income of US$162.8 million in the second quarter of 2026, up 27 per cent from the same period in 2025, according to a company announcement on Wednesday.

05/08/2026

The new hub of the city’s tourism mascot – Mak Mak awaits your visit.
Enjoying great popularity among visitors and much fondness among residents as the city’s ambassador, she has a lot to say about her favourite topic, her beloved city. Until January 3, you can learn all about her and her world, by visiting the Mak Mak Experience Hub, a new interactive space that has officially opened at the Ritz Building in Senado Square.

MB, MB Featured, MNA, MNA Featured | The new hub of the city’s tourism mascot – Mak Mak awaits your visit Meet Mak Mak, Macao’s charming tourism mascot. Created in 2018, the friendly

05/08/2026

BritCham Macao Chairman Eileen Stow reflects on two decades of community, evolution, and regional integration. From the early casino boom to the tech-driven Greater Bay Area, she discusses the shifting British business footprint and what lies ahead for younger generations

International, Macau, Macau Business, MAG, MAG Featured | BritCham Macao Chairman Eileen Stow reflects on two decades of community, evolution, and regional integration. From the early casino boom to the tech-driven Greater Bay Area, she discusses the shifting British business footprint and what lies...

05/08/2026

The standards taking effect July 1, 2027 will cover autonomous vehicles that require a human back-up driver, as well as independently operating vehicles such as the robotaxis made by US manufacturer Waymo.

China, Macau, MNA | China has drawn up new safety rules for the growing number of autonomous vehicles on its roads, including a mandatory deactivation override, the government said Tuesday.

05/08/2026

Macau Business e-magazine | August 2026 - Read now!
https://macaubusiness.com/magazine/macau-business-magazine-august-2026/

05/08/2026

Gaming operator Wynn Macau, Limited reported operating income of US$162.8 million in the second quarter of 2026, up 27 per cent from the same period in 2025, according to a company announcement on Wednesday.

The operator also said adjusted earnings before interest, taxes, depreciation, amortisation, and rent (EBITDAR) for the gambling concessionaire in Macau reached US$297 million in the second quarter, 17 per cent more than a year earlier.

Gaming, Macau, MNA, MNA Featured | Gaming operator Wynn Macau, Limited reported operating income of US$162.8 million in the second quarter of 2026, up 27 per cent from the same period in 2025, according to a company announcement on Wednesday.

04/08/2026

British Banking giant HSBC said Tuesday it would buy back up to US$1 billion of shares after a big jump in profits in the first half of 2026.
The profits increase came on the back of “growth in banking net interest income and higher fee and other income”, the lender said in its earnings report, adding that the profit in banking increased by US$1.4 billion

Finance, International, Macau, MNA | British Banking giant HSBC said Tuesday it would buy back up to US$1 billion of shares after a big jump in profits in the first half of 2026. The profits

04/08/2026

Crypto and coffee? Here is how Hong Kong and Macau police combined forces to bust a MOP100 million ponzi scheme that ensnared dozens of victims.

https://macaubusiness.com/crypto-coffee-hk-and-macau-police-bust-mop100-mln-ponzi-scheme/