Increase by 75 basis points from 1.25% consistent with Hong Kong as MOP is linked to HK$.
Business
Operators face 1% tax hike on GGR; greatest concern is fate of satellite casinos and potential effect of job losses on Macao’s economy.
Utility boss praises staff saying award is both recognition and encouragement for all their efforts.
Officially opened by David Beckham in 2015, fashion superstore’s closure follows shuttering of branch at Galaxy Macau last year.
Alternatives cover losses from MOP 100,000 up to MOP 300,000; premium subsidy of up to 35% also on offer.
Receipts just MOP 23.79 billion for first five months of the year, whereas government had predicted MOP 130 billion for whole of 2022.
Some 447,000 residents collect benefits on first day of scheme; money can be used to settle utility bills or for regular shopping until end of February 2023.
Macao’s total gross gaming revenue in the first five months decreased by 44 per cent year-on-year to MOP 23.79 billion.
First two events attracted more than 210,000 visitors combined; this year’s carnival includes karaoke contest, little kids’ cooking workshop and street dance competition.