Good Morning. The changing landscape of Macau gaming is a “stress test”, according to academics, who envision the city’s governors facing a difficult future as they attempt to transform away from a gaming hub and into an international tourism and leisure destination. On the flipside, the territory’s gaming revenues have been roaring back, with analysts at Morgan Stanley estimating 2Q23 mass revenue reaching 90 percent of 2019 levels.
What you need to know
- Macau is facing a “stress test”, as it aims to shift its image to non-gaming, despite its necessary reliance on casinos.
- Mass gaming revenues in Macau have continued to deliver, as Morgan Stanley estimates 2Q23 reached 90% of 2019 levels.
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Macau’s gaming operators are facing a “stress test”, as they aim to shift away from gaming into more diversified revenue streams. Scholars, however, are questioning how the government can keep up with the necessary reforms to encourage such a quick transition, and whether taxation figures can keep up with the past as the city shifts away from a VIP model and more into mass.
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