Operators embark on new game plan while tasked by government to play greater role in diversifying city’s economic, day-to-day life and guaranteeing local jobs.
Government seeks to hem in gaming industry’s ‘wild cards’ in run-up to next year when new concessions start. AL passes MOP 35.62 billion budget bill.
Measure would bar mainland Chinese, Taiwan and Hong Kong gamblers from these gaming areas; first time city implements measures based on nationalities on gaming floors.
Figure also shows 23 per cent drop from previous month’s GGR, a setback just as Macao began to recover from its summer Covid-19 outbreak.
All united in gratitude to the government – and make a point of underlining commitment to promoting Macao’s status as ‘a world centre of tourism and leisure’.
MGM Grand Paradise, Galaxy Casino, Venetian Macau, Melco Resorts (Macau), Wynn Resorts (Macau) and SJM Resorts commit to investing MOP 100 billion over the next 10 years following 3 years of severe Covid-19 losses.
Junket organisers likely to be held accountable for illegal deposit taking; six weeks left before deadline to appoint six new concessionaires.
GEG Chairman Lui Che Woo says company has healthy balance sheet with cash and liquid investments of US$2.9 billion and net cash of US$2.5 billion as of 30 September.
