New data shows that non-gaming spending in 2023 was more than 11 percent higher than the figure registered in 2019.
Business
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.
Real estate associations are calling on authorities to liberalise the investment residency scheme to boost the city’s ailing property sector.
Plans for the Inner Harbour casino’s long-awaited addition have been submitted to the government for approval, its co-owner confirms.
According to a new survey, retailers in Macao’s residential districts fared poorly over the Lunar New Year, while those in tourist areas saw increased sales.
Some analysts reckon that the peak of Chinese New Year saw a collective daily run-rate of one billion patacas – the highest per day seen since the start of the pandemic.
Both the volume and value of residential sales have plummeted by about 65 percent since 2019 – the last year before the Covid-19 pandemic.
The airline appears to have hired several new members of staff from BestFly Cabo Verde, which was recently hit by strikes over pay and working conditions.