AGP Executive Report

Tourism: Macao’s 12th Global Tourism Economy Forum brought about 1,300 participants from nearly 30 countries together to discuss resilience, cultural tourism and sustainability, reinforcing the city’s role as an international tourism hub. Economic Diversification: The government’s MOP20 billion Guidance Fund is now operational, backed by MOP11 billion in public funds and MOP9 billion pledged by the six casino operators to support emerging industries and start-ups. Trade: Macao’s three major business fairs drew more than 90,000 visits and resulted in about 140 agreements, with most linked to the city’s “1+4” diversification strategy. Governance: Chief Executive Sam Hou Fai will deliver the 2027 Policy Address on 16 November and answer lawmakers’ questions the following day. Regional Links: Macao promoted its talent policies at a Greater Bay Area conference in Dongguan, while a touring exhibition on “One Country, Two Systems” attracted over 3,000 visitors in Portugal. A Macau–Guangzhou flight route is set to launch on 10 December.

Economic Diversification: Macao has launched a MOP20 billion Government Guidance Fund, with MOP11 billion from the government and MOP9 billion committed by the six casino operators. The operators’ contributions count toward their non-gaming investment pledges. Trade and Investment: MIF, PLPEX and the Macao Franchise Expo drew more than 90,000 visits, including 17,000 trade visitors. Organisers reported about 140 agreements, with over 80% tied to the government’s “1+4” industries. Gaming: Third-quarter casino revenue fell 3.8% year on year as mass baccarat weakened, underlining the pressure to broaden the economy. Culture: The China–Portuguese-speaking Countries Arts and Cultural Festival and Lusofonia Festival opened with nearly 690 artists and performers and almost 50 programmes.

Trade and Investment: Macao’s three major expos drew more than 90,000 visits, generated about 1,100 business-matching sessions and secured roughly 140 agreements. Exhibitors said the fairs helped connect mainland businesses with overseas markets. Economic Diversification: The government’s new MOP20 billion Guidance Fund is now under way, with MOP11 billion from public reserves and MOP9 billion from the six casino operators. Their contributions count toward investment commitments under their concessions and are intended to support industries beyond gaming. Travel: Macao issued a Level 1 alert for France, advising residents to stay vigilant and follow official updates. Gaming: Casino revenue fell 3.8% in the third quarter, with mass baccarat down 7.9%, adding pressure to diversification efforts. Technology: Chief Executive Sam Hou Fai visited the Macao International Technology Industry Centre and said the government aims to foster high-tech businesses and create new jobs.

Economic Diversification: Macao’s six casino operators have pledged MOP9 billion to a new government guidance fund, alongside MOP11 billion from fiscal reserves. The MOP20 billion fund will back industries beyond gaming, and operator contributions count toward their non-gaming investment commitments. Trade and Investment: Macao’s international trade, Portuguese-speaking countries and franchise fairs drew more than 90,000 visits and generated about 140 signed agreements; over 80% related to the government’s priority industries. Tourism and Safety: The government issued a Level 1 travel alert for France, advising Macao residents there or planning to travel to stay vigilant. Education: Macao ranked third in mathematics in the latest PISA results, behind China and Singapore. Gaming: Third-quarter casino revenue fell 3.8%, with mass-market baccarat down 7.9%.

Trade and Investment: Macao’s MIF, Portuguese-speaking countries expo and franchise fair drew more than 90,000 visits, generated over 1,100 business meetings and secured around 140 agreements. More than 80% involved the city’s “1+4” industries. Economic Diversification: The government’s new MOP20 billion Guidance Fund has launched with MOP11 billion from fiscal reserves and MOP9 billion from the six casino operators, whose contributions count toward their investment obligations. Travel Alert: Macao issued a Level 1 alert for France, advising residents there or planning to visit to stay vigilant and follow official updates. Education: Macao ranked third in PISA 2025 mathematics, scoring 549 points among 91 participating countries and economies.

Economic Diversification: Macao’s six gaming concessionaires pledged a combined MOP9 billion (US$1.1 billion) to the government’s new Guidance Fund, which begins with MOP20 billion to support technology, emerging industries and Greater Bay Area integration. Public Affairs: Chief Executive Sam Hou Fai sent condolences to Xizang leaders after a deadly earthquake and offered Macao’s assistance with rescue efforts. Gaming and Investment: Casino gross gaming revenue fell 3.8% in the third quarter, with mass baccarat down 7.9%; separately, inward direct investment dropped 43.5% in 2025 to MOP6.2 billion. Business and Culture: Macao’s international trade fair hosted more than 700 business-matching meetings, while the Encounter in Macao arts festival and Lusofonia Festival opened with nearly 690 performers and about 50 programmes.

Economic Diversification: Chief Executive Sam Hou Fai visited Macao’s International Technology Industry Centre, pledging support for high-tech businesses and new sources of growth. The city’s 2025 inward direct investment fell 43.5% to MOP6.2 billion, while investment income reached MOP42.51 billion. Trade and Branding: Macao’s trade fair and two related exhibitions hosted more than 700 business-matching meetings. The first “Macao Signatures” cohort includes 20 brands and 10 livestream sellers, aiming to help local products reach overseas markets. Gaming and Tourism: Third-quarter casino revenue fell 3.8%, with mass baccarat down 7.9%. Sands China plans to raise annual capital spending for 2027 and 2028 to US$750 million and bring forward its Le Jardin garden attraction. Cross-Border Links: Hengqin Port has recorded more than 30 million passenger crossings this year, up 27.1% year on year, as travel and business ties with Macao deepen. Urban Improvements: The government plans to remove overhead cables around Rua da Sé at the end of October to improve safety and the streetscape.

Cross-Border Travel: Hengqin Port has recorded more than 30 million passenger crossings this year, up 27.1% year on year and reaching the milestone 68 days earlier than in 2025. Tourism Investment: Sands China raised its planned annual capital spending for 2027 and 2028 by US$150 million to US$750 million, bringing forward plans for a 50,000-square-metre Le Jardin garden attraction and conservatory, alongside hotel renovations. Employment: The Labour Affairs Bureau helped 8,535 residents find jobs in the first nine months of 2026; people aged 34 or younger made up 52% of them. Gaming: Macao’s third-quarter casino revenue fell 3.8%, with mass baccarat down 7.9%, highlighting pressure on the market. Trade and Business: A Greater Bay Area business conference returned to Macao, drawing more than 1,000 political and business representatives from 25 countries and regions. Three trade exhibitions also opened, featuring more than 1,000 exhibitors.

Trade and Investment: Macao’s three major business fairs opened with 74 agreements signed on the first day, covering sectors from technology and Chinese medicine to cross-border e-commerce. The events bring exhibitors from 55 countries and regions and run through Oct. 24. Gaming: Casino revenue fell 3.8% year on year in the third quarter to MOP60.22 billion, as mass baccarat dropped 7.9%. Sands China, meanwhile, reported an 8.4% quarterly revenue rise and a record-high mass gaming share, though weaker high-end play weighed on earnings. Electric Vehicles: BYD is introducing its compact Racco model in Macao, expanding sales of the Japan-developed vehicle into right-hand-drive markets. Community Health: A new hotline and outreach team will connect residents with mental-health support; the government’s working group has received 641 calls since July.

Trade and Investment: Macao’s three major business fairs opened with about 1,000 exhibitors from more than 50 countries and regions across 30,000 square metres. Organisers are positioning the events as a bridge to overseas markets, including Spanish-speaking countries and Southeast Asia. Gaming Business: Sands China’s third-quarter revenue rose 8.4% from the previous quarter, and its mass-market share reached 26.1%, but EBITDA fell 12% year-on-year amid weaker high-end demand and low hold at The Londoner. Parent Las Vegas Sands lifted its stake in the company to 75.56%. Community and Sport: Melco donated MOP1 million to the Macao University of Tourism Development Foundation to support teaching, research and international cooperation. Bionord Wolf United and Guangzhou Qiuqi won the men’s and women’s titles at the Greater Bay Area 3×3 Macao Final. Weather: The observatory expects hot, dry conditions from the weekend, with temperatures reaching 33°C or higher in some areas; residents are urged to stay hydrated and guard against heatstroke.

Trade and Investment: Three exhibitions opened in Macao on Wednesday: the International Trade and Investment Fair, the Portuguese-speaking Countries Products and Services Exhibition, and the Macao Franchise Expo, all promoting new business links. Tourism and Culture: Macao will host the Bocuse d’Or Asia-Pacific selection on November 1–2, bringing eight chefs to compete for places in the 2027 final. Gaming Economy: Casino revenue fell 3.8% in the third quarter as mass-market baccarat weakened, with the game’s revenue down 7.9%. Local Business: Restaurants can now keep licensed outdoor seating open until 10 p.m., a one-hour extension intended to support night-time spending. Jobs: A November 6–7 career fair will offer more than 1,600 vacancies from over 55 local and Hengqin companies.

Food and Tourism: Macao will host the Bocuse d’Or Asia-Pacific selection on Nov. 1–2, bringing eight chefs to compete for places in the 2027 grand final. Night Economy: Restaurants can keep licensed outdoor seating open until 10 p.m., an extra hour under a new measure intended to support evening business while limiting neighbourhood impacts. Jobs: A Nov. 6–7 career fair at Macau Tower will offer more than 1,600 vacancies from over 55 local and Hengqin employers. Gaming: Third-quarter casino revenue fell 3.8% year on year to MOP60.22 billion, as a 7.9% drop in mass baccarat outweighed gains elsewhere. Economic Diversification: A new logistics association unites eight industry groups across sea, land, air and cross-border transport, aiming to strengthen coordination and support Macao’s broader economy. Food Safety: Residents and businesses are urged to stop buying, selling or consuming two fermented bean curd products after tests found excessive Bacillus cereus.

Local Business: Macau lawyer Calvin Tinlop Chui has become the first representative of the city’s legal sector named to Thomson Reuters’ Asia 40 Under 40 list. Fitness: A Macau group has acknowledged it has no official tie to Hyrox but plans to stage a similar 8km race with workout stations in February, despite the brand’s objection to its use of the name. Housing: Tenants have begun moving into Zone A’s first completed social-rental estate, finished in July. Gaming & Economy: DICJ figures link Macau’s third-quarter gaming revenue decline to a 7.9% fall in mass baccarat; a separate forecast puts the economy’s contraction at 2%, while hotel and food spending remain robust. Sport: Serbia’s Team Ub won the FIBA 3x3 World Tour Macau final, beating Shanghai 21-15 at the Ruins of St Paul’s. Trade: Macau’s MIF, PLPEX and MFE fairs are set to open on October 21, with organisers aiming to expand links with Portuguese- and Spanish-speaking markets.

Finance: China’s central bank plans new measures to support the Greater Bay Area’s international science and technology hub, including easier cross-border financing and stronger support for innovation. Housing: Tenants are moving into the first completed social rental estate in Macao’s Zone A, where construction finished in July. Gaming: Macao’s third-quarter gross gaming revenue fell 7.9%, with mass baccarat a key drag; analysts expect pressure to ease somewhat in coming quarters. Sport: Serbia’s Team Ub won the FIBA 3x3 World Tour Macao final, beating Shanghai 21-15 at the Ruins of St. Paul’s.

Macao Open: Chinese Taipei’s Wang Wei-Hsuan won the tournament at Macau Golf & Country Club, finishing 17 under par after a playoff. Greater Bay Area: China’s central bank and 10 departments issued a guideline to expand financing for science and technology innovation, including in the Guangdong-Hong Kong-Macao Greater Bay Area. Tourism: The 12th Global Tourism Economy Forum opened in Macao, bringing international delegates together to discuss innovation and more resilient tourism. Sport: Serbia’s Team Ub claimed the FIBA 3x3 World Tour Macau title at the Ruins of St. Paul’s. Economy: Macao’s third-quarter gaming revenue fell 3.7% year on year, with mass baccarat down 7.9%; a separate forecast expects GDP to contract 2%, though hotel and food spending remain robust. International ties: A Brazilian diplomats’ delegation explored Macao’s role as a bridge between China and Portuguese-speaking countries.

Gaming: Macao’s casino revenue fell 3.7% year on year in the third quarter to MOP60.4 billion, with mass baccarat down 7.9%; VIP baccarat was flat. Sports: Serbia’s Team Ub won the FIBA 3x3 World Tour Macao stop at the Ruins of St. Paul’s, beating Shanghai in the final. The 16-team event carried a US$185,000 prize pool. Tourism: The 12th Global Tourism Economy Forum brought about 1,300 officials and industry leaders to Macao to discuss building a more resilient and sustainable tourism economy. Education: MUST has launched the first King Sejong Institute in Macao with South Korea’s Sejong University, expanding local Korean-language and cultural education.