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Money

Chinese gambling hub closes for Covid testing

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The world’s biggest gambling hub, Macao has began its second day of mass Covid testing

Around 600,000 residents will line up for Covid testing in the Chinese territory of Macao, where banks, schools, and businesses will shut their doors.

Most residents are being asked to stay at home, restaurants will be shut for dine-in, and border restrictions have been tightened.

It comes after dozens of locally transmitted cases were discovered over the weekend.

Casino revenues are also likely to slump for at least a week. But the city’s gambling revenue is an important source of income for Macao’s Government.

The source of this latest outbreak is still unknown, but authorities are concerned about how fast it is moving.

The city has one public hospital, which is already stretched with patients.

Lawmakers are set to amend the city’s gaming laws this week, which will set expectations for multibillion-dollar casino operators.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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