An announcement on Monday by Macao’s gaming regulator comes as a further blow to an industry already facing pressure from scandals and tighter government regulations.
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Analysts say that Macao’s strong GGR performance last month outpaced market expectations and bodes well for the coming year.
The positive balance arrived courtesy of better-than-forecast gaming tax revenue, but mainly came down to significant spending cuts.
The Light Rail Transit saw a daily average of almost 14,000 passengers last month, likely due to the new Taipa-Barra extension.
Imam Ding Shao Jie says the congregation has outgrown the city’s 172-year-old mosque and is hoping to get approval for a new place of worship.
The Portuguese energy company is selling its stake in the territory’s sole electricity provider, which it held through a subsidiary.
With the renewal of its 2024 hotel licence and renovation work apparently underway, the ultra-luxury hotel could potentially reopen its doors to the public later this year.
The chairman of the FMCC has been made a Knight of the National Order of Merit for his contribution in strengthening ties between France and Macao.
In its first year since the reopening of borders, Macao saw a 70 percent recovery in visitor arrivals compared to pre-pandemic 2019.