The property firm made it clear that the local casino industry’s pivot towards mass market gaming was a positive step for the sector.
Business
The Vietnamese are the second biggest foreign community in Macao and their consul general is pushing for simplified entry procedures.
The aviation company has passed an important international audit of its operations at Macao airport, putting it among the world’s safest.
The property was originally developed for almost five times that sum, but struggled owing to its location, lack of gaming facilities, and the Covid-19 pandemic.
MGM already has them, Galaxy and Melco will soon, and the other operators won’t be far behind, according to Goldman Sachs.
The 2024 expo is set to celebrate the SAR’s 25th anniversary – as well as Belt and Road success stories – across the final weekend of April, at the Venetian.
The government organised event will promote sustainable development in different industries through related talks, networking, exhibitions and more.
The real estate sector has demanded an end to taxes on home buyers, slamming the cooling measures as ‘no longer applicable’ in a declining market.
If this pace continues, the Macao government is set to easily exceed its annual budgetary forecast of 83.61 billion patacas in fiscal revenue.