The Macao peninsula’s massive, much-delayed mall will have its grand opening on 26 January, after a soft opening last month.
Business
An announcement on Monday by Macao’s gaming regulator comes as a further blow to an industry already facing pressure from scandals and tighter government regulations.
Analysts say that Macao’s strong GGR performance last month outpaced market expectations and bodes well for the coming year.
The positive balance arrived courtesy of better-than-forecast gaming tax revenue, but mainly came down to significant spending cuts.
With the renewal of its 2024 hotel licence and renovation work apparently underway, the ultra-luxury hotel could potentially reopen its doors to the public later this year.
The chairman of the FMCC has been made a Knight of the National Order of Merit for his contribution in strengthening ties between France and Macao.
In its first year since the reopening of borders, Macao saw a 70 percent recovery in visitor arrivals compared to pre-pandemic 2019.
Foreign and Taiwanese travellers will be eligible for the perk, in a bid to boost tourism via Macao’s sister SAR.
Macao’s casinos surpass 2023 revenue targets, triggering mandatory non-gaming investment hikes for operators in 2024.