A-listers and top officials walked the red carpet at last night’s swanky festivities, commemorating the rebrand of Sands China’s latest integrated resort.
Business
Billy Chan, who heads the Centre for Education in Medical Simulation at Macau University of Science and Technology, takes the top slot on AustCham’s board.
The relaxation of pandemic border controls and the resumption of tourism lie behind the strong performance, the Statistics and Census Service says.
The return of tourists comes as a huge relief for Macao’s retail sector, which posted big sales increases in the first quarter of this year.
After comparing first-quarter results from all six concessionaires, a top consultant hails MGM for pulling off particularly impressive jumps in gaming revenue and earnings.
Chairman Lui Che Woo says ‘solid pent-up customer demand following the relaxation of travel restrictions’ has paid off for the gaming operator.
The consumer price index barely moved between March and April, with lower rents helping to offset any increases in the price of consumer goods.
Chief Executive Ho Iat Seng told legislators in April that the Macao government would “proactively promote” the emergence of a local bond market.
Mainland China, Hong Kong and Taiwan remain the biggest source of visitors, but overnight visitors are staying for shorter periods, the latest figures show.