Rates dropped 10% in 2022 due to pandemic and fewer visitors, but officers warn specifically against online crime in coming year.
Macao gaming industry
Junket organisers likely to be held accountable for illegal deposit taking; six weeks left before deadline to appoint six new concessionaires.
Gamblers sidestepped gaming inspectors’ attempts to enforce law; former Suncity boss denies running illegal online betting in Macao. Case continues today.
Secretary for Security Wong Sio Chak points to illegal currency exchange activities as one of the main issues.
Proposals include increasing junket operators’ capital to MOP 10 million and up to five years’ imprisonment for illegal deposit taking; bill should pass by 15 August.
Economy expected to accelerate to 23% in 2023, growth not expected to surpass pre-pandemic levels until 2025.
Ho Iat Seng points to signs of gradual recovery, undertakes to make progress in developing big health, modern finance and other new industries.
