The short answer is ‘casinos’. These generate massive amounts of tax revenue for the government (and themselves), and employ a large swathe of the small city’s population
Business
Macao’s overall residential property price has dropped by a further 3.4 percent, quarter-on-quarter
Operating revenues from the concessionaire’s Macao properties amounted to US$885.3 million for the April-June period, up year-on-year but down 11.3 when compared to the previous quarter
Each of Macao’s visitors spends about 40 percent more (on average) than they did back in 2019, official figures show
CTM launched the network update in select locations last month, but has promised that its coverage is expanding
Preliminary data shows the SAR welcomed 3.02 million visitors in July. That’s 9.4 percent year-on-year growth
Overall, China’s most productive province grew its gross domestic product by 3.9 percent in the first half of the year, when compared with the same period last year
Mainland Chinese tourists can now take advantage of higher duty-free thresholds when shopping: Up to 12,000 yuan for those 18+ and 15,000 yuan at border crossing shops
Macao’s GGR in July reached 18.6 billion patacas, up by five percent month-on-month and 11.6 percent year-on-year