A report by JP Morgan says the casinos’ ability to run tighter operations is going to significantly boost profits in the coming years.
Business
The latest snapshot from the Statistics and Census Service shows activity reviving in the sector in the last months of the pandemic.
Following the completion of Barra station, trains are now doing trial runs on the section of the LRT that will connect Taipa to the Macao peninsula.
Health services, financial services, technology and events are seen as essential secondary sectors to support Macao’s central activity of tourism.
Feel like getting out of town? Expect a major increase in the number of flights as new and existing carriers add services from Macao.
The latest figures from the Statistics and Census Service show a subdued market as Macao continues to recover from the effects of the Covid-19 pandemic.
Macao’s homegrown gaming concessionaire struggled under Covid-19 restrictions and says in a regulatory filing that its losses worsened last year.
The influx of business visitors to Macao is a sure sign that the city is returning to normal after the Covid-19 pandemic, with officials hoping to stage up to 1,000 MICE events this year.
An official survey of the industry in the last months of the pandemic paints a picture of depressed wages and virtually no labour movement.