The prestigious event brings key industry players together to hash out the future of tourism in the region and gives Macao an opportunity to showcase its own offerings.
Business
Lusophonic language skills are one thing that could earn offshore candidates a place in Macao’s talent recruitment programme.
The city’s original gaming operator generated less than 70 percent of the revenue it made during the third quarter of 2019.
The Macao Trade and Investment Promotion Institute expects to see a 50 percent increase in the city’s event schedule in the coming year.
Beginning next year, authorities will take measures that professionals say will help with the rejuvenation of the sector and boost sales.
Macao’s aviation industry may be bouncing back, but the private charter flight sector is still lagging behind, with total flights only equivalent to 30 percent of 2019 numbers.
After Alvin Chau was cleared of fraud (though not a raft of other crimes), Macao’s gaming operators are no longer entitled to more than 2 billion patacas in compensation.
CEO Craig Billings said he saw ‘particular strength’ in the group’s mass gaming, luxury retail and hotel businesses in Macao.
The concessionaire just released its latest results, which included a dividend payment its chairman says demonstrates ‘confidence in the longer-term outlook of Macao.’