The US credit agency noted that the Bank of China’s local subsidiary provided a foothold for its expansion in the Greater Bay Area.
Business
The investment firm also believes that revenue from the mass market segment will exceed the levels of pre-pandemic 2019.
Authorities say the surge is due to a rebounding economy and increased monitoring on the part of gaming operators.
Tourist arrival figures over the past several years indicate that the gap between Macao and Hong Kong is narrowing fast.
The Macau Economic Association warns that 2024 could be challenging however, given complex geopolitical factors and mainland China’s sluggish economy.
The luxury French department store is opening its first Macao branch within the new Treasure Island Resort World Shopping Centre.
That’s largely due to the major increase in hotel prices over the past year, as Macao relaxed its Covid-19 policies and saw tourist numbers rebound.
The new legislation is part of the government’s efforts to reverse the cooling of Macao’s property prices.
The city’s venues may no longer be set up for tournament poker, but the tour’s CEO says he’s determined to make an event happen.