Market turbulence means at least half the world’s billionaires are poorer this year than last, but at least two gaming figures have seen their wealth rise.
Business
The lack of workers is leaving many hotels struggling as tourists return on a wave of post-pandemic travel, Bloomberg says.
Courses in AI, robotics and medical administration, among other subjects, come as the government calls for the growth of new industries to support economic diversification.
New figures released by the airline’s majority shareholder show that Macao’s flag carrier racked up cumulative losses of almost 2.9 billion patacas during the three-year pandemic.
Upbeat, new reports are adding to the consensus that the post-pandemic recovery of Macao’s gaming industry is healthily on track.
The territory’s top tourism official says she expects the territory to post healthy visitor totals throughout the holiday period.
However, CEO Lawrence Ho strikes a positive note, stating that “The shadow of COVID-19 is finally receding”.
The city added nearly 700 non-resident workers last month as it seeks to address a labour shortage, especially in the hospitality sector.
Some analysts are predicting that the territory’s casinos will equal or even exceed their pre-pandemic level of earnings as early as next year.