The Macao-based gaming company reported a 48.5 percent rise in first-half profit, most of which was attributed to a soon-to shut satellite casino
Business
The three-month long consumption scheme will kick off next Monday, with the SAR government confident that it will stimulate local spending during tourism’s quiet season
The average length of stay for tourists in Macao has been slowly declining: from a peak of 1.6 days in 2021 to 1.1 days between January and June 2025
The satellite casino operator says it expects losses of HK$1,421 million (US$182.2 million) for the first six months of the year
The investment bank now predicts that Macao’s gross gaming revenue will surge by 15 percent year-on-year in the second half of 2025
Average monthly earnings for full-time gaming employees were sitting at 27,390 patacas at the end of the second quarter, with non-residents earning more than locals
This was the third year running that Macao has won the title, considered a top accolade in the MICE industry
The three-month long campaign will run until November and is intended to help local businesses weather the off-peak tourism season
More than 3.4 million people visited Macao in July, bringing the year-to-date total close to 22.7 million, with the majority being same-day visitors