Monetary Authority of Macao raised rate by 50 basis points in May and another 75 basis points last month.
Business
Gaming commission responsible for helping the SAR’s chief executive in analysing and deciding all matters relating to the gaming sector.
Bids for Macao’s 5G network to be submitted by 12 August and must include a five-year operation plan.
During next week’s consolidation period, limited operations will be available to the public between 25-29 July.
Employees, freelancers and business operators in line for special allowance; measures may be put in place as early as next month.
Blame lies with Covid-19’s effect on Macao; CEO bullish on company’s future prospects, pointing to robust customer demand.
US ratings agency predicts 2022 GGR as low as 20% of 2019 levels, recovering slightly in 2023, at time of flux for city’s gaming industry.
LVS states it retains confidence in long-term growth potential of Macao but gaming revenues are fraction of pre-Covid numbers in early 2020.
Effective 30 September 2022, industry veteran will be leaving Wynn Macau after more than five years to join Australia’s leading gaming group.