Modest results announced days after Macao’s oldest gaming company opens US$5 billion Grand Lisboa Palace on Cotai.
Business
Revenues show a great improvement over this time last year, but have a long way to go before catching up with the heady days of 2019.
Mobile phones and beauty items top the list, with almost one-third of imports coming from China; trade deficit stands at MOP 67 billion.
The long-awaited Grand Lisboa Palace, SJM’s first property on Cotai, will be partially opening with 300 rooms in one of the towers on 30 July.
Finance chief Lei Wai Nong stresses gaming laws crucial for development, forecasts MOP 130 billion GGR for this year.
Three-day bazaar promises something for everyone, while two special areas are devoted to eco-friendly products and entrepreneurship.
Looking ahead, Sands top brass ponders when gaming concessions might be extended and for how long.
More than 1,300 guests expected at forum which aims to promote international cooperation at a time when many businesses are struggling to cope with Covid-19.
Forum more than lives up to its name, providing a lucrative rendez-vous for executives from China and Portuguese-speaking countries.