Macau Chief Executive Ho Iat Seng said on Saturday that so far there had been no attempt at creating travel bubbles between Macau and any other jurisdiction. He added that there might be the risk of a severe negative impact on Macau were it to open to visitors from foreign countries.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.