If the streets seemed a little crowded last Saturday, it’s because the city’s tourism sector was busy welcoming more visitors than it has seen on any other day in 2023.
Business
According to the Gaming Inspection and Coordination Bureau, 84 percent of gross revenue earned from gaming in the first quarter of 2023 came from this one game.
Finance chief Lei Wai Nong tells legislators that the measure was an extraordinary one, only designed to relieve financial difficulties faced by residents during the pandemic.
Macao’s Tourist Price Index has registered a steep rise in the cost of tourist accommodation compared to the last quarter of 2022.
Light shows and colourful displays have been unveiled in the centre of the Portuguese capital to lure holidaymakers to Macao.
The territory’s top official said that he was putting a fact-finding trip to Europe’s biggest bond market in Luxembourg on the itinerary of his upcoming overseas trip.
The global financial institution expects Macao to come roaring out of the pandemic and sustain double-digit growth into 2024.
The exclusive facilities seem to have been set up in response to official calls for Macao to reduce its dependence on the mainland Chinese gaming market.
A new report concludes that the slow approval process for foreign hires and post-pandemic competition for labour from other Asian resorts is harming the local gaming sector.