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SME Assn head skeptical about Cotai


The head of the Small and Medium Enterprises Association cast a skeptical eye on the impact of the new Cotai casinos to the local economy, TDM Macau reports.

Stanley Au said the gaming operators were too ambitious and the new investments will result in losses.

After Galaxy Phase 2 and Studio City this year, more casino-resorts are scheduled to open their doors in in the coming couple of years.

Gaming corporations and some experts believe the "new casino effect" would boost the gaming industry and bring revenue back on track.

“The 'new casino effect' will not bring any good, and in contrast, I believe new casinos will bring deficit to the gaming corporations. Gaming companies were too ambitious when building the new casinos in Cotai. They shouldn't have been built the new casinos,” he was quoted by TDM as saying.

 

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