The city’s events industry has hurdles to overcome, said Sands China’s executive vice chairman Wilfred Wong in a speech to the UFI conference.
Business
The gaming operator was the biggest gainer among Macao’s six concessionaires, with its share of GGR rising to nearly 27 percent.
The prediction for Macao’s GDP growth is significantly higher than an earlier forecast made by the Macau Economic Association, which put the figure at 10 percent.
Macao’s oldest casino operator reported a HK$2 billion loss and has not recommended dividend payments to shareholders.
However, the casino workforce shrank slightly, according to the latest survey by the Statistics and Census Service.
Carriers from Thailand, Sri Lanka and Nepal hope to start services to the airport, which saw in excess of 600,000 passengers last month.
The two-day UFI Asia-Pacific Conference will see MICE industry leaders from around the world gather to discuss topics affecting the event industry.
Radio frequency identification technology lets casinos track players and improve operational efficiency, as well as prevent fraudulent gambling.
The Labour Affairs Bureau attributes the large number of vacancies at casinos and resorts to the opening of new facilities as visitors flock back to Macao.