Some analysts are predicting that the territory’s casinos will equal or even exceed their pre-pandemic level of earnings as early as next year.
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National People’s Congress standing committee vice chairman, Li Hongzhong, tells dignitaries that the territory’s mini-constitution had given it an “all-round legal guarantee” for growth.
The two were found guilty of bribery, money laundering and other crimes in a graft case involving 19 other defendants.
The move is as much geopolitical as financial, with a growing number of countries questioning their dependence on the US dollar.
Currently, an average of just 4,750 people a day ride the system, but the opening of new sections this year and next are expected to boost numbers.
Although domestic sugar supply is unaffected for the time being, devastated sugarcane fields will impact future production.
However, the territory’s reserves still stand a long way off from the all-time high of almost 679 billion patacas recorded in 2021, figures show.
The company says its performance last year was attributable to the pandemic, but analysts say it will make a strong comeback in 2023.
Wilfred Wong, the president and executive director of Sands China, says the gaming concessionaire is already going in the ‘direction that the government wants us to go in’.