Local hoteliers, especially budget operators, did well in February thanks to the tourism influx brought about by the Lunar New Year holiday.
Business
The latest data continues to show sales and property prices decreasing, with pundits calling for the government to completely scrap market curbs.
A legislative amendment would allow only casino operators to grant credit to punters – a system that junket operators say is impractical.
With its financial coffers buoyed by Macao’s post-pandemic recovery, the concessionaire decided to cancel the unutilised loan facility from its parent company.
Portugal’s former foreign minister has addressed speculation that the country’s decision to ban Huawei has provoked retaliation from Beijing.
While international tourism lagged, mainland Chinese visitors bounced back to almost 96 percent of their pre-pandemic levels.
Under proposed legislation, casino operators will only be able to give credit to punters directly, rather than through intermediaries.
That’s according to the Macau Travel Industry Council. The three-day holiday starts on the last Friday of March.
The growth prospects of the Philippine gaming market were a key topic of discussion on the conference’s opening day.