Macao’s top finance official says the proportion is ‘the minimum standard’ expected from the city’s six gaming operators.
Lei Wai Nong
If achieved, the tally would be 70 percent of 2019’s tourism numbers – slightly better than what the government predicted in November.
The so-called Tourism Sources Expansion Package will see perks handed out in a bid to lure travellers from new markets.
Minimum wage workers in the SAR will see a pay rise from the beginning of next year, and perhaps another one in the not so distant future.
The cash injection will be made into Central Provident Fund accounts next year, following the government’s earlier announcement of a budget surplus in 2024.
Weaning Macao off the mainland gaming market will cost money. The government has suggested a figure of 235 million patacas.
Macao’s concessionaires will have to increase their spending on non-gaming facilities if gross gaming revenue crosses a certain threshold this year.
The possible new route aligns with the government’s bid to make the SAR more appealing to Southeast Asian and other tourists.
Even with the borders shut last year, the MGTO claims to be well on track with its ambitious tourism agenda.
