He will relinquish his positions as chairman and non-executive director of Sands China, and as chairman and CEO of Las Vegas Sands, but stay on as a senior adviser
Business
The city’s six casino operators contributed a collective 88.13 billion patacas (US$11 billion) to the government’s coffers in 2024
While the SAR is keeping its AA rating and has a ‘stable outlook,’ Fitch warned that the impact of US tariff hikes on China could pose a threat to Macao
The company’s subsidiary, SJM Resorts, S.A., saw net gaming revenue climb to HK$26.85 billion, up from HK$20.06 billion in the previous year
Full-timers employed by the gambling sector in Macao made up just under 14 percent of the city’s total labour force at the end of 2024
January’s delinquent loan ratio of 5.7 percent has nudged past the 20-year high of 5.5 percent that was set last November
Representatives from the Commerce and Investment Promotion Institute visited Dubai and the United Arab Emirates last week
Seaport Research Partners believes 2025 will see gross gaming revenue increase by 6.5 percent year-on-year, while JP Morgan has forecast a more modest 2 or 3 percent
The gaming operator recently announced it would pursue an ‘asset-light’ strategy, but CEO Lawrence Ho says Thailand would likely be an exception