The most budget-conscious punters are placing lower bets, due to economic headwinds in the mainland, raising questions around strategy for the SAR’s casinos
Business
The firm has cut its original prediction by 2 percent, with the current 240 billion patacas (US$30 billion) now matching the government’s conservative forecast
The index for pre-sale residential units dropped by a steep 16.8 percent between November and January, compared to the previous rolling three-month period
An investment promotion seminar in Macao yesterday was attended by some 90 Macao-based firms and organisations
He will relinquish his positions as chairman and non-executive director of Sands China, and as chairman and CEO of Las Vegas Sands, but stay on as a senior adviser
The city’s six casino operators contributed a collective 88.13 billion patacas (US$11 billion) to the government’s coffers in 2024
While the SAR is keeping its AA rating and has a ‘stable outlook,’ Fitch warned that the impact of US tariff hikes on China could pose a threat to Macao
The company’s subsidiary, SJM Resorts, S.A., saw net gaming revenue climb to HK$26.85 billion, up from HK$20.06 billion in the previous year
Full-timers employed by the gambling sector in Macao made up just under 14 percent of the city’s total labour force at the end of 2024