Lengthy and convoluted negotiations come to an end as work – due to be completed by December 2024 – gets going in earnest in Areia Preta district
Business
Takings grew year-on-year, but compared poorly to the first five months of 2021 after Covid-19 restrictions stymied arrivals from the mainland.
Gaming giant will partner with Guangzhou-based developer to build state-of-the-art mixed-use complex in key Greater Bay Area city.
Extra staff and a far-reaching reorganisation demonstrate that the government will be monitoring the gaming industry far more closely in future.
Most visitors still come from the mainland; but visitor numbers still have a long way to go before returning to pre-Covid-19 ‘normal’ .
The food and beverage industry is the chief beneficiary as residents shell out MOP 473 million via the e-consumption benefits plan.
Leading businessman Wu Zhiwei points to numerous incentives offered to investors in Portugal.
Covid-19 claims another financial victim as high-rollers’ club aims to cut costs in the face of the pandemic.
Economic situation holds relatively steady with few unforeseen developments, according to the Monetary Authority of Macao.