Good Morning. In order to truly achieve success, an expert says that Macau’s operators need to focus more on their community output, with areas such as CSR and ESG key for them to be able to attract new international visitors to Macau. The current dynamic, highlighting non-gaming, means that concessionaires have an opportunity to expand clientele, while reaching out to SMEs, to further boost the economy. And in the broader China market, analysts at Fitch are predicting the nation’s GDP to grow at 5.6 percent, furthering per capita spend and disposable income.
What you need to know
- CSR expert notes that Macau’s gaming operators need to enhance their efforts, as the industry is focusing on the international market.
- Fitch projects that China’s GDP is expected to grow at 5.6 percent despite its recovery momentum fading, even while outbound tourism rises.
On the radar
- Macau’s mass table games account for 72 percent of total games in 2Q23.
- Chinese authorities break up $160 million cryptocurrency gambling ring.
- Report: Philippine court rejects Melco’s $1.5 million tax refund claim.
- Predictions for LVS revenue of $2.39 billion in 2Q23, as Macau rebounds.
- PH immigration bureau expecting rise in foreign tourists under new scheme.
AGB Intelligence
MACAU
Expert: concessionaires need CSR and ESG to attract foreigners
An expert notes that Macau’s six concessionaires will need to work on their CSR and ESG efforts as they try to attract more international visitors and move from offering traditional casino services to integrated resort amenities. A top CSR head notes that operators will have to meet international frameworks in ESG and CSR requirements in order to continue their ongoing upward trend within their non-gaming pursuit, even as they try to procure more international clientele.
Industry Updates
- IDX Game to supply Mohegan INSPIRE Entertainment Resort with gaming products.
- The European Esports Federation joins the Esports Integrity Commission.
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