Figure also a decrease of 95.3 per cent year-on-year from MOP 8.45 billion as Macao government shut down casinos for nearly two weeks in July due to city’s latest outbreak.
Apart from running casinos, would-be operators will have to develop medical and coastal tourism, build arts venues and stage world-class events.
Bids, plus MOP 10 million security deposit, must be submitted by 14 September; foreigners’ entry restrictions should cease ‘by year’s end’.
Gaming commission responsible for helping the SAR’s chief executive in analysing and deciding all matters relating to the gaming sector.
Blame lies with Covid-19’s effect on Macao; CEO bullish on company’s future prospects, pointing to robust customer demand.
US ratings agency predicts 2022 GGR as low as 20% of 2019 levels, recovering slightly in 2023, at time of flux for city’s gaming industry.
LVS states it retains confidence in long-term growth potential of Macao but gaming revenues are fraction of pre-Covid numbers in early 2020.
Effective 30 September 2022, industry veteran will be leaving Wynn Macau after more than five years to join Australia’s leading gaming group.