The gaming concessionaire ended the year strongly and says it will pay out dividends to shareholders to show its ‘continued confidence’ in Macao’s future.
Business
Latest figures show that fewer people are employed in construction and retail, while more are working in gaming and hotels.
They say the bill contains too many grey areas, and that obvious targets, like properly criminalising problematic currency exchanges, have been overlooked.
The Macau Economic Association says that the overall outlook for the city’s economy is stable, although small and medium-sized businesses are still facing problems.
However, the number of international tourists is still lagging and the average length of stay in Macao is slightly down, year on year.
No date or reason have as yet been given for the unconfirmed departure of the gaming conglomerate’s senior executive.
New data shows that non-gaming spending in 2023 was more than 11 percent higher than the figure registered in 2019.
It noted that Chinese consumers were favouring domestic tourism and the entertainment sector, boding well for the SAR’s casinos and overall economic recovery.
Forbes blamed diminishing gaming stocks for the removal of Ho, chairman and CEO of Melco Resorts and Entertainment, from its rich list.