Kevin Benning, who has over 15 years of experience in the casino gaming industry will be responsible for the operations of Studio City.
Business
Melco Resorts held a 24.6% share of local gaming revenues between January and September, followed by Sands China at 19.5%.
The Legislative Assembly passed the government’s third 2020 budget amendment bill.
A knowledgeable source indicated that the value of the capital could be increased to more than MOP 2 billion.
The growth of the financial sector in Mainland China will create opportunities for the banking sector in Macau as the city develops into a financial platform.
Macao’s overall residential property price index for August – October decreased by 0.5% over the previous period (July – September 2020) to 267.6.
The three-day “1st Macao Quality of Life Expo” co-organised by the Macau Jiangmen Chamber of Commerce and the Jiangmen Association of Enterprises with Foreign Investment, which started on Friday, attracted 230 companies from the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), according to a statement provided by the organiser.
Christmas and the Chinese New Year (CNY) are the peak holiday seasons in Macao, therefore the city can expect more visitors from the mainland during that time, Secretary for Economy and Finance Lei Wai Nong told reporters on Wednesday.
Macao’s gross gaming revenue (GGR) fell by 70.9% year-on-year to MOP 6.75 billion (US$843 million) in November.