Ho says Macao will strive to see that non-gaming industries account for 60% of GDP, while building sustainable industrial structure that fits city’s reality.
Business
Around 3 million Hong Kong visitors expected by year’s end, less than half pre-pandemic annual total of 7 million.
However MOP 10,000 annual cash handout, as promised in 2023 Policy Address, to go ahead later this year.
Forthcoming lucky draw will offer prizes worth up to MOP 1 million in cash, food and staycations.
December GGR down by 56.3 per cent year-on-year from MOP 7.8 billion to MOP 3.48 billion; city’s six gaming operators began new 10-year concessions yesterday.
Macau Dredging Services undertakes to dredge and maintain Macao’s public waterways and harbour basins for next five years.
Ho Iat Seng points to relaxed Covid-19 measures, new gaming concessions and Macao’s focus on Big Health, modern finance, high tech and other new areas of city’s economy.
Authorities grant permission for 6,000 gaming tables and 12,000 slot machines across the city next year, roughly the same numbers as now.
Proposals include hi-tech theme park, incubator centre to develop hi-tech innovation and shows by superstars like Aaron Kwok Fu-shing and Leon Lai Ming.