Executives label the sale “bittersweet” while pointing to Macao and other parts of Asia as the focus for future investment.
Business
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.
Rates for both the pataca and the Hong Kong dollar fell in 2020, mirroring an overall drop in the funding costs of local banking.
Airport chief hopes flying a mix of passengers and cargo will be a new revenue stream, after facing up to unprecedented challenges in 2020.
Interest of MOP 31 billion is offset by MOP 46 billion outlay to balance the budget shortfall caused by the ravages of Covid-19.
Massive investment in road, rail, air and sea links includes faster access to GBA neighbours Hong Kong and Macao.
A luxury hotel, a concert hall and extensive exhibition space will add to Cotai’s attractions, and the company is already eyeing further development.