Ho optimistic on Macau, Japan

Billionaire chairman Lawrence Ho says he expects Macau to return to its peak within the next five years, Bloomberg reports.

The chairman of Melco Resorts & Entertainment Ltd. in an interview with Bloomberg Television  said he was “extremely bullish” on Macau.

“Definitely within the next five years, it will grow back to the $45 billion gaming market,” said Ho “And that’s just the gaming alone, because the non-gaming part is significant.”

In April, Macau GGR rose 16.3 percent to MOP 20.2 billion (US$2.5 billion), slightly higher than analyst expectations.

Fitch Ratings in an April note forecasted Macau gaming revenue to grow 12 percent in 2017.

Ho is also optimistic of the prospects of the Japanese market.

“If it’s $20 billion divided by two or three or four operators, that would be very significant,” he said.

Earlier this year, Ho said Melco “will do whatever it takes” to get a Japan casino license.

“We don’t want to put a dollar figure on it because ultimately, the opportunity is priceless,” he said.