Realtors are calling on the government to remove all market cooling measures in a bid to revive investor interest.
Business
The agency is optimistic about Macao in 2024, but warns that policy changes and a slowing economy in China could impact the SAR’s ongoing recovery.
Only a quarter of the number of Japanese tourists who came to Macao in the year before the pandemic ventured to the SAR in 2023.
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.
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.