Friday, August 12, 2022

Macau should find own path to diversify gaming industry: AGA


The president of the American Gaming Association says Macau should find its own path to develop its non-gaming industry rather than follow the models of Singapore or Las Vegas, the Hong Kong Economic Journal reported.

Geoff Freeman said despite Macau’s declining revenues over the past year its non-gaming elements are showing potential. But operators should avoid trying to replicate mature non-gaming entertainment markets and cultivate a symbiotic relationship between the industry and tourists.

Macau operators have been feeling the pressure to diversify their operations at the behest of the government and as China’s anti-graft policy squeezes gaming operations, resulting in many Chinese gambling elsewhere in Asia.

Non-gaming entertainment contributes less than 10 percent of Macau’s total gaming revenue, compared with two-thirds in Las Vegas.

 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief