Macau bets on switch from gaming to GBA tourism hub
Simultaneously paying dividends while funding new investments into tourism and leisure is placing considerable strain on casino balance sheets in Macau – a bet many of them seem willing to take.
Troov
July 23, 2024
The last time Macau’s casino operators completed a fifth of their concession license was in 2005. Back then, the city’s gross gaming revenue GGR reached $6 billion, about half of what was played out across Nevada’s slot machines and card tables. But as Asia’s gaming hub matured, Macau quickly overshadowed its US counterpart, topping $37 billion by 2019, quadrupling Nevada's figures.
With Macau’s casino operators approaching the same point in their current concession, they once again are looking to Las Vegas and hoping to emulate Sin City’s transformation away from its gambling identity and into one featuring world class integrated resorts known for tourism and leisure. So far, arrival numbers...
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