The company is awaiting government approval to add a whole new storey – a dedicated arts space – to its Cotai property.
Pansy Ho
The news comes as the government makes moves to liberalise the local aviation sector and end the monopoly of Air Macau, of which Ho is also a director.
Market turbulence means at least half the world’s billionaires are poorer this year than last, but at least two gaming figures have seen their wealth rise.
Zero-Covid policies and travel curbs “posed an immense challenge” to the group’s business, according to chair Pansy Ho.
In an interview with the CGTN television network, the billionaire CPPCC member says being international ‘does not mean that we become just part of them’.
Delegates in Beijing for the annual ‘two sessions’ gatherings are told that the central government will work to develop the local economy.
Proposals include hi-tech theme park, incubator centre to develop hi-tech innovation and shows by superstars like Aaron Kwok Fu-shing and Leon Lai Ming.
Operators embark on new game plan while tasked by government to play greater role in diversifying city’s economic, day-to-day life and guaranteeing local jobs.
Spanish rival submits 20 million euro bid for casinos long controlled by Ho dynasty; current licence expires in December.
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