Robert G. Goldstein, CEO of parent company Las Vegas Sands, said he was ‘extremely pleased’ with the latest financial and operating results.
Business
Launched at the end of 2021, the depository plays a key role in the SAR’s emerging financial sector, in particular the securities market.
Macao’s financial reserve bounced back from declines last September and October, reaching a total of 574.4 billion patacas at the end of the first 11 months of 2023.
The concessionaire’s COO takes over the reins from Robert Goldstein, while Wilfred Wong is set to become executive vice chairman.
The authorities have drawn up a formal structure for the supervision of the extensive non-gaming investments required of casino operators.
The city’s international arrivals are still less than half of what they were before the pandemic, leaving Macao as dependent as ever on domestic tourism.
Macao’s authorities are aiming for an increase of almost 5 million visitors this year, when compared with 2023.
The US credit agency noted that the Bank of China’s local subsidiary provided a foothold for its expansion in the Greater Bay Area.
The investment firm also believes that revenue from the mass market segment will exceed the levels of pre-pandemic 2019.