The 1999 handover and casino liberalization policy put in place a new phase of development for Macau. All six casino licenses are soon set to expire and once the retendering process has been enacted, Macau will enter a crucial next phase.
The competitive landscape for casino and integrated resorts (IR) has, however, dramatically changed across Asia, with multiple iconic IRs and casino properties emerging. Macau’s position within the Greater Bay Area, Belt and Road initiative and Hengqin Island developments are factors to put into this dynamic development mix.
Looking to 2020 and beyond, what will Macau’s new phase look like and what policies will be put in place to guide and encourage buy-in from the private and public sectors?
To project scenarios for Macau’s next phase of casino and tourism development, it’s necessary to step back 20 years and look at the actions that essentially signaled and were a catalyst to Macau’s...
Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act.