Your Daily Asia Gaming eBrief: Macau economy rebounding on new tourism

Good morning. China, the one gaming market no one can live without. And the reopening of borders proved exactly that, as Macau's economy is now leaping back, driven entirely by tourism - with hopes optimistic GDP targets will trickle down into Macau's coffers. In good news for the region, China has also resumed issuing visas for all foreign arrivals, as it ramps up both incoming and outbound travel.

What you need to know

• Macau's economy is on a rebound and aiming to breach pre-pandemic levels, as tourism improves and spending rises.
• China continues its push for both inbound and outbound travel, resuming visa issuance for foreigners and encouraging outbound tours.

On the radar

• The Star puts Sheraton Grand Mirage on the market for $200 million.
• Blackstone to boost MICE industry with $4.6 billion Cvent acquisition.
• Summit Ascent returned to profit in 2022.
• Macau CE and Chinese Vice-Premier of Commerce discuss MICE.
  

AGB Intelligence

MACAU

Economy rebounds as visitors flood in

Corporate Spotlight

Continent 8 Technologies: The industry’s trusted infrastructure partner celebrates 25 years of reliable innovation at ASEAN 2023

Industry Updates

• Borgata Hotel Casino & Spa announces $55 Million tower remodel.
• Sands China makes MOP675k responsible gaming donation to NGOs.

Meet at ASEAN 2023

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