The government has now raked in a fifth of the total it hopes to raise from casino operations during this year.
Business
Speaking at a Labour Day function, Lei Wai Nong also talked up the government’s record on workers’ rights despite international criticism.
The extended Labour Day break is the first long holiday in mainland China since the end of the Covid-19 pandemic.
The concessionaire’s first quarter results add weight to analysts’ predictions that it will be the first casino operator in Macao to match or exceed its pre-Covid performance.
Although GGR is still down on pre-pandemic averages, some analysts are predicting that the gaming sector will recover fully as early as next year.
Local hotels and tour operators are counting on a big surge in visitor numbers over the Labour Day holiday to add fresh impetus to Macao’s emergence from the pandemic.
The government’s estimate of 70,000 visitors a day during the Labour Day Golden Week holiday is too low, insiders say.
Enhanced services will include special Friday and weekend departures, with peak-time frequencies reaching every 15 minutes from Macao.
A company statement says So, who spent 16 years as SJM’s executive director and chief executive officer, will not seek reelection at the next AGM.