A multiple-entry visa scheme for mainland Chinese visitors would give them the option of using Hengqin’s more affordable hotels, the Melco boss says.
Business
Macao’s rebounding tourism industry has led to a windfall for the local government, with gaming tax revenue more than doubling year on year.
The biggest issue is tension between the governments of the two countries, according to the American Chamber of Commerce in China.
HSBC predicts that Galaxy, MGM China, Wynn Macau and Sands China will be in a strong enough financial position to hand out dividends for this year.
The trade official talked to Macao News about the natural synergies between the principality and the SAR.
Same-day visitors showed a significant year-on-year increase, while the average length of stay fell.
The fresh initiatives come amid calls for the authorities to tackle the problem by setting up an interdepartmental organisation.
At a meeting with Portugal’s economy minister on Saturday, Ho Iat Seng made it clear the European nation’s biomedical expertise was welcome.
The forecast indicates Macao’s economy will expand at a slower pace once it returns to pre-pandemic levels in 2025.