The cumulative total for the first three quarters exceeds 2019’s but consecutive quarterly declines in 2023 have retailers concerned.
third quarter
There are roughly 8,500 people working in full-time financial sector jobs in Macao, according to the latest figures from the Statistics and Census Service.
CEO Craig Billings said he saw ‘particular strength’ in the group’s mass gaming, luxury retail and hotel businesses in Macao.
The company attributed the performance to the continued recovery of the gaming sector and the opening of the second phase of Studio City.
Macau will continue to face economic headwinds into the third quarter, following dual revelations in past weeks that August gross gaming revenue dropped the fastest this year and that the city has officially entered recession.