For the whole year of 2020, Macao’s GDP declined by 56.3 per cent in real terms while domestic demand shrank by 10.3 per cent year-on-year.
Business
Late casino magnate’s daughter sells off another MOP 460 million in MGM shares, prior to what insiders say is likely a return to the family business.
US think-tank lumps Macao and Hong Kong in with China, prompting allegations of “political bias”.
Company appeals court decision, which ruled that the resort’s sought-after, photogenic gondola rides are definitely a tourism offering.
Receipts were down 63 per cent in January, well below what the government is planning to net from casinos this year.
Executives label the sale “bittersweet” while pointing to Macao and other parts of Asia as the focus for future investment.
Cutting-edge technology and design plus traditional service combine to ramp up the city’s hospitality offerings: there’s even a special Singapore Sling for Macao.
Gross gaming revenue rose 136 per cent in February to MOP 7.3 billion, the first time in 17 months.
Bosses applaud the end of China quarantine, vaccine roll-out and balance sheet uptick, and look forward to even better results in March and May Golden Week.