Employees compensation also fell by 12.5% in a generally poor economic performance throughout the sector.
Business
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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.
Overall numbers show an encouraging increase after the economic doldrums of 2020.
Total value of retail sales grows 200 per cent year-on-year to MOP 20.70 billion between April and June.