Analysts say the strong gross gaming revenue performance during the first nine days of July ‘bodes well for upcoming summer holidays.’
Business
Non-gaming tourism and economic diversification will be a key topic of discussion at speaker meetings and panels during the three-day gathering.
Despite a tourism-led economic recovery, the residential property sector continues to underwhelm according to the latest numbers.
A promotion featuring Hong Kong celebrities, influencers and the travel trade has been held to lure visitors from Macao’s neighbouring SAR.
The Chinese telecom giant sees Macao as a proving ground for its latest product line before venturing into overseas markets.
Officials are hoping to bring around 1,000 professionals to the territory to alleviate a skills shortage that many say is holding Macao back.
Economists at the University of Macau say improvements in the territory’s economy will ‘be more obvious’ this year, but hurdles remain.
Despite a crippling labour shortage, the migrant worker population has grown by less than 10,000 since Macao’s emergence from the pandemic in January.
The event, now in its eleventh year, welcomed a record 30,000 attendees and saw the transaction of some 2.5 million patacas worth of business.