Despite the increase in visitor numbers over the Lunar New Year holiday, revenue last month is slightly lower than forecast.
Business
Representatives from the ten member states of Forum Macao will convene in Macao for the first in-person conference since 2016.
The gaming concessionaire’s CEO, Lawrence Ho, said Macao was still showing ‘extraordinary growth potential’ despite China’s economic uncertainty.
The gaming concessionaire ended the year strongly and says it will pay out dividends to shareholders to show its ‘continued confidence’ in Macao’s future.
Latest figures show that fewer people are employed in construction and retail, while more are working in gaming and hotels.
They say the bill contains too many grey areas, and that obvious targets, like properly criminalising problematic currency exchanges, have been overlooked.
The Macau Economic Association says that the overall outlook for the city’s economy is stable, although small and medium-sized businesses are still facing problems.
However, the number of international tourists is still lagging and the average length of stay in Macao is slightly down, year on year.
No date or reason have as yet been given for the unconfirmed departure of the gaming conglomerate’s senior executive.