Macau casino industry lacks sustainable development says academic
There is an imbalance, limited consensus and lack of sustainable development within Macau’s tourism and casino industry, an academic from Macau University wrote in an analysis published this month.
Glenn McCartney, assistant professor in gaming at the University of Macau, whose findings have been published in the international tourism journal Emerald Insight says to reverse Macau’s year-long revenue declines several factors need to be practically addressed and tourism direction managed in a more sustainable manner.
“Despite generating the world’s largest gaming revenues and tourism revenue contribution to gross domestic product, there are limited codes of ethics and an agreed level of acceptable behaviour and responsibility throughout Macao’s tourism and hospitality industry.”
“This is further amplified by Macao’s small landmass, limited workforce pool, increasing tourism arrivals and a vast dependency on imports, creating a constant battle for resources and added pressure on its community and natural environment.”
A Bank of America survey held in August found that only 47 percent of Mainland Chinese travellers who want to visit Macau would be willing to take a Covid-19 test, casting doubt on visitation for the upcoming Golden Week holiday.
Racing in China has received government backing following the unveiling of a five-year blueprint for the country’s equine sector in which the promotion of the sport and a related lottery form a key part of the strategy.