Newly elected mayor of Yokohama gives project thumbs-down; gaming operator vows to seek new site elsewhere in Japan.
Business
Deal is subject to regulatory approval, but will mark a significant expansion into the Macao market for the mainland conglomerate.
Employees compensation also fell by 12.5% in a generally poor economic performance throughout the sector.
Ho Iat Seng steers clear of politics, emphasises zone’s unique position in China and convenience in being jointly governed by Macao and Guangdong.
Finance Secretary blames Delta variant family cluster for poor economic results in August, undertakes to set new tax revenue target.
Named one of China’s ‘Happiest Cities’, Macao’s neighbour is expected to be home to five million people with a GDP of RMB 2 trillion by 2035.
Covid-19 Delta cluster blamed for poor numbers; insiders suggest this year’s GGR will fail to meet government’s target.
Integrated resorts operator pins its immediate hopes on mass and premium mass market, while looking to Greater Bay Area for future expansion.
Various other items – cosmetics, food, handbags, gold jewellery – also show significant increases.