Macao’s homegrown gaming concessionaire struggled under Covid-19 restrictions and says in a regulatory filing that its losses worsened last year.
Business
The influx of business visitors to Macao is a sure sign that the city is returning to normal after the Covid-19 pandemic, with officials hoping to stage up to 1,000 MICE events this year.
An official survey of the industry in the last months of the pandemic paints a picture of depressed wages and virtually no labour movement.
The good news? More Macao companies plan to increase wages. But before you get too excited, hikes are expected to reach modest levels only.
Weak external and domestic demand brought about by the Covid-19 pandemic caused a sharp contraction in economic activity.
Restoration of Macao’s air network continues in the wake of the Covid-19 pandemic, with services to Osaka, among others, resuming this month.
Mobile payments topped 26 billion patacas last year, 40 percent more than in 2021 and 20 times more than in pre-pandemic 2019.
New iris-recognition technology, to be introduced later in the year, looks set to make leaving and reentering Macao as seamless as possible.
Representatives from government departments and NGOs also take part in the career day for students of the Macao Institute for Tourism Studies.