Good Morning. Macau’s non-gaming aspirations are laudable, note the heads of Macau’s top chambers of commerce, however, the policies for attracting talent are falling far behind regional offerings, leaving the city little room to compete. While the non-gaming push has been mandated, only certain programs, such as a new incentive to encourage local events at IRs, are gaining as much traction as is needed for a profitable industry.
What you need to know
- Talent attraction continues to be a major development block for Macau, note the heads of Macau’s top commerce chambers.
- Referral program to push more non-gaming events is a positive shift for Macau, notes a scholar.
On the radar
- Galaxy Macau’s 7th hotel Raffles to open informally on August 16.
- Macau court auctions Alvin Chau’s 36 properties for nearly $74 million.
- Okada Manila former SPAC partner ‘eager to commence trial’ on July 10th.
- Philippines easily tops 2022 tourism target in 1H23.
AGB Intelligence
MACAU
Talent attraction major sticking point to growth
The heads of some of Macau’s top chambers of commerce are in agreement that talent attraction continues to be a major blockade in the city’s push towards diversification. And regional offerings are making the city even less attractive to the talent pools, even as it aims to flesh out its 48k hotel rooms and growing non-gaming attractions.
Industry Updates
- BetConstruct launches Metaverse Platform, BCverse.
- Sportradar selected as official SA Football Confederation partner.
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