Thousands of delegates are expected at the three-day event, back at the Venetian Macao after being suspended during the Covid-19 pandemic.
Business
The three-day event, held in conjunction with the Asian IR Expo, has returned to Macao after being on hiatus during the Covid-19 pandemic.
Analysts say the strong gross gaming revenue performance during the first nine days of July ‘bodes well for upcoming summer holidays.’
Non-gaming tourism and economic diversification will be a key topic of discussion at speaker meetings and panels during the three-day gathering.
Despite a tourism-led economic recovery, the residential property sector continues to underwhelm according to the latest numbers.
A promotion featuring Hong Kong celebrities, influencers and the travel trade has been held to lure visitors from Macao’s neighbouring SAR.
The Chinese telecom giant sees Macao as a proving ground for its latest product line before venturing into overseas markets.
Officials are hoping to bring around 1,000 professionals to the territory to alleviate a skills shortage that many say is holding Macao back.
Economists at the University of Macau say improvements in the territory’s economy will ‘be more obvious’ this year, but hurdles remain.
