Analysts reckon Macao may benefit from the crackdown.
Business
Wynn Resorts announced that for the year ended 31 December 2020, operating revenues decreased US$2.04 billion at Wynn Palace and $1.60 billion at Wynn Macau.
But city needs to attract foreign investment says Institute of Management President Samuel Tong Kai Chung.
Macao’s gross gaming revenue rose to MOP 8.02 billion (US$1 billion) in January.
The bureau will move from the Secretariat for Social Affairs and Culture to the Secretariat for Economy and Finance.
Residents and businesses could be in line for a third round of financial support measures if something “unexpected” happens.
Sands China Ltd has reported total net revenue of $672 million for Q4 2020, a 70% decline from $2.24 billion for the same period in 2019.
The decline reflects the sharp fall in the fortunes of the city’s casinos.
Las Vegas Sands Corp. named acting Chief Executive Officer Robert Goldstein as permanent CEO following the death of Sheldon Adelson.