The novel financial market, MCEX, re-positions Macao as an industry pioneer – and opens up a new path for small businesses looking to grow.
Business
Under its new gaming concession, MGM’s two integrated resorts were awarded almost 200 more gaming tables.
The gaming operator attributes its improving performance to open borders and new offerings – including the luxury hotel, Epic Tower.
Set to start work in December, the more than 400 staff at Macao’s new hospital won’t experience the limitations of the government’s public servants system.
The Southeast Asian countries have been identified as key potential sources of foreign tourists for Macao, with Indonesia ranking 5th and Malaysia 9th so far this year.
There are already 200 sailings between the SARs during weekends, but rising tourism demand will increase the number of ferry crossings over the holiday period.
Macao lost nearly 30,000 non-resident workers over Covid. Less than half that number has returned.
Last month marked the highest gross gaming revenue recorded in Macao post-pandemic; with 9.6 percent month-on-month growth.
A new law allows for a wider variety of banks, more use of technology, and harsher penalties for financial misconduct.