The agency also says Macao’s economy should recover by almost 50 percent this year as it captures ‘strong pent-up demand’ from mainland Chinese tourists in the wake of the pandemic.
gaming industry
Overall ‘tolerance’ levels continue to fall, as does air quality, but toilets are cleaner. Gaming Research Association gives no indication that Covid-19 is affecting conditions.
Table games, slots and other games of chance generated MOP 34.7 billion in 2021, compared to VIP baccarat’s MOP 28.4 billion.
Junket operations curtailed, government officials will inspect every three years, and threat to national security can lead to licence being cancelled.
All six operators united in their appreciation of the proposed changes, undertake to cooperate fully with the government.
MGM down 10%, Melco and Wynn lose 8%, SJM drops 8% and Galaxy and Sands China close down 5% at end of a tough day’s trading.
Chief Executive Ho Iat Seng says officials still working on revising law and preparing tenders, urges those concerned not to worry.
Studio City’s second phase on track for completion in December 2022, however Ho sees future of gaming business focussed on mass market.
The decline reflects the sharp fall in the fortunes of the city’s casinos.
