The hotel could be renovated to better ‘meet the demand of business and budget travellers,’ Galaxy chairman Francis Lui has said
Business
Seaport Research Partners has predicted a 13.7 percent month-on-month decline in gross gaming revenue and expects it to come in at just 17.85 billion patacas
Residents’ preference for shopping on the mainland and the exclusion of large supermarket chains in the government’s consumption drive are taking a toll
The SAR’s residential property sales totalled 78 in the initial half of May, down by 72 units in comparison to the last half of April
The official forecast of Macao’s gross gaming revenue in 2025 has been slashed from 240 billion patacas (US$28.8 billion) to 228 billion patacas (US$27.36 billion)
The casino concessionaire’s chairman, Francis Lui, wants to see more hotels built on neighbouring Hengqin island to tackle the SAR’s room shortage
The Macao government is also hoping to raise the South Korean visitation levels back to the pre-pandemic figures of 800,000 within the next two years
The first two days of the long weekend saw more than 303,000 people visit Macao, a decent jump up on last year’s figures
The SAR measures two unemployment rates, general and local. These were 1.9 and 2.5 percent respectively in the February to April rolling period