MGM expects growth in tourist arrivals during Summer Holiday

There will likely be a further increase in the tourist arrival count from the average 30,000 to 40,000 daily arrivals during the Summer Holiday, Kenneth Feng, president-cum-Chief Strategic and Financial officer of MGM China said yesterday.
Although there have recently been scattered relapse cases in several parts of mainland China, the executive trusts in the Central and Provincial governments’ efforts and directives in containing any potential outbreak.
As a result, he is confident that the city will make about MOP130 billion this year in gross gambling revenue, which is the local government’s estimate. Feng added that MGM has seen satisfactory revenue this year so far. It will continue with its efforts in marketing, especially in terms of emphasizing Macau as a safe city.
Following a difficult 2020, the company currently has no plans for dismissal, Feng revealed. He thinks broadening sources of income is as important as restraining costs, so the resort has plans in the foreseeable future to attract more tourists.
With regards to the plan for pay rises this year, the executive said there is no current plan on the matter. AL

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