City marks negative growth for three consecutive quarters and highest unemployment rate in nearly 15 years.
Business
Maximum number of gaming tables and slot machines set at 6,000 and 12,000 respectively while minimum annual revenue must not dip below MOP 7 million and MOP 300,000 million.
Government’s total income – including both current and capital receipts – fell 4% year-on-year to MOP 58.07 billion in first seven months of 2022.
Macao Urban Transformation and Development Dialogue will feature speakers from Europe, Asia and Middle East looking at global development initiatives.
Sales held at operator’s resort properties give local businesses a chance to generate publicity and promote Made-in-Macao brands.
In the first six months of 2022, Macao lost MOP 46 billion representing 7.13% of the SAR’s reserve, as knock-on effects of Covid-19 took their toll.
Proposed new bill aims to ensure decision-making process will always be supervised by the government and “rational” use of public funds.
Cultivating talent will assist city in drive to become world tourism and leisure centre and promote diversification of economy.
Chairman Lawrence Ho says results at City of Dreams, Studio City and Altira impacted by Covid-19 and restrictions imposed across mainland China.