The Chinese Ministry for Foreign Affairs has announced that it will further adjust its visa policy. Starting from March 15, Macau foreign residents, including permanent or non-permanent, can apply for all categories of visas to the mainland of China.
Two affiliates under the Emperor Group have entered into an agreement to trade one of its hotels and two service apartment buildings in Hong Kong for some HK$2 billion (US$260 million), with the proceeds to be used to expand the group’s property development and hospitality operations beyond Macau.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.