A total of 24 hotels in Macao have earned the Forbes Travel Guide 2025’s five-star rating, up by 2 compared to last year
Business
The Macao gaming operator’s fourth quarter revenue hit HK$7.92 billion, while its revenue for 2024 reached HK$31.39 billion, a jump of 25 percent year-on-year
Chairman Simon Chan says the facility also aims to boost cargo volumes this year to 113,000 tonnes, or a 4.5 percent increase
Residential mortgage approvals dipped to 1.01 billion patacas, while commercial property loans fell by 22.5 percent to a mere 685.51 million patacas
Industry insider David Bonnet questions whether Macao’s gross gaming revenue will hit the government’s forecasted monthly average of 20 billion patacas this year
Labour and hotel room shortages, and issues with transport, have been cited as factors holding back Macao’s ambitions to become a global events destination
Ung Choi Kun was speaking in response to data showing that there were just 3,057 property transactions in Macao last year, less than half of the pre-pandemic figure
However, CTT warns customers that ‘adjustments to the United States postal service policies cannot be ruled out at any time’
More than US$28 billion worth of debt was raised in Macao in 2024, a third higher than the previous year