The winding up of Macao’s satellite casinos marks a new chapter for the local casino industry, with thousands of workers affected
Business
The closure of its nine satellite casinos means the concessionaire must absorb thousands of workers into its other properties, which could lead to a ‘wage burden’
The first industry-academia matching session implemented by the Sands Integrated Resort Incubation Centre took place on 29 May
Macao’s gaming concessionaires are set to close 11 satellite casinos by year-end, but will be required to retain the approximately 5,600 workers affected
Lawmaker Nick Lei Leong Wong wants visitors to venture off the beaten track in Macao’s historic centre, so more businesses can benefit from their spending
Macao’s overall residential property price index rebounded slightly in the February-April period, compared with January-March
The hotel could be renovated to better ‘meet the demand of business and budget travellers,’ Galaxy chairman Francis Lui has said
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