The extended Labour Day break is the first long holiday in mainland China since the end of the Covid-19 pandemic.
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The concessionaire’s first quarter results add weight to analysts’ predictions that it will be the first casino operator in Macao to match or exceed its pre-Covid performance.
The new facility will be located in Chongoene and will handle shipments of so-called ‘heavy sands’ to China, the biggest market for Mozambique’s minerals.
Although GGR is still down on pre-pandemic averages, some analysts are predicting that the gaming sector will recover fully as early as next year.
The new carrier is looking to take on low-cost rivals HK Express and Hong Kong Airlines as well as established players like Cathay Pacific.
Local hotels and tour operators are counting on a big surge in visitor numbers over the Labour Day holiday to add fresh impetus to Macao’s emergence from the pandemic.
The government’s estimate of 70,000 visitors a day during the Labour Day Golden Week holiday is too low, insiders say.
Enhanced services will include special Friday and weekend departures, with peak-time frequencies reaching every 15 minutes from Macao.
A company statement says So, who spent 16 years as SJM’s executive director and chief executive officer, will not seek reelection at the next AGM.