In the first half of this year, the number of MICE events held in Macao was 30 percent higher than in 2023 and represented a 96 percent recovery on 2019
Business
Economists predict Macao’s economy will remain stable between August and October, with an index score on par with the previous seven months
Rents in Coloane showed the biggest increase, rising by 5.5 percent in the second quarter of the year to stand at 147 patacas per square metre
The casino operator says the strong performance can be attributed to its Galaxy Macau resort, which it said was the ‘primary contributor’ to its earnings
Figures for the January to July period show that the government hauled in more than 51 billion patacas in fiscal revenue
The facility, located at the resort’s spa, will offer treatment plans for pain issues, poor sleep and other conditions
The number of overseas travellers to Macao has been rising sharply since last year, although it is only 68 percent of its pre-pandemic level
The casino operator attributes the strong performance to growth in its mass market and non-gaming operations
The investment bank has forecast buoyant figures for August’s gross gaming revenue, shrugging off the impact of tougher gaming laws