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Macao is becoming a city of sports and entertainment, Sands China CEO says, as President Xi urges diversification - TL;DR CNBC

Macao is becoming a city of sports and entertainment, Sands China CEO says, as President Xi urges diversification

Publishing timestamp: 2024-12-22 23:46:27


Summary

Sands China CEO discusses diversifying Macao's economy away from gaming towards sports and entertainment, including hosting NBA pre-season games. Chinese President Xi Jinping urges city to keep pace with trends and attract foreign talent. Macao's gaming revenue has recovered to 80% of 2019 levels.


Sentiment: NEUTRAL

Tickers: 1928-HK

Keywords: lifestylesands china ltdaccommodationshotels and resortsluxury travelchinaadventure traveltravelxi jinpingconcertsmacaolifenbabusiness newseconomycasino operatorsvacationsentertainmentholidaysbusiness travelluxuryhospitality and leisure industrycasinosfamily traveltourism

Source: https://www.cnbc.com/2024/12/23/sands-china-ceo-macao-is-becoming-a-city-of-sports-and-entertainment.html


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