Pansy Ho, Chairperson of MGM China Holdings, stated that the Macau government has mandated that casino operators host two international sporting events each month, along with a major arts event every two years.
Additionally, casino operators have been tasked with hosting various art exhibitions every few months.
This directive aligns with Macau authorities’ requirements for gaming concessionaires to develop non-gaming industries under their 10-year licenses.
Macau’s six concessionaires have committed to investing a combined MOP108.7 billion ($13.6 billion) in non-gaming projects over the 10-year period of their current concessions, effective from January 1st, 2023, to December 31st, 2032.
In particular, Macau aims to transform itself from an Asian gaming hub into a major sports events center and a “City of Performing Arts.”
Speaking at a media briefing on the city’s development, Pansy Ho, Chairperson and Executive Director of MGM China, emphasized that Macau has already established itself as a global leader in tourism.
“With a population of only a few hundred thousand, we are able to accommodate tens of millions of tourists,” Ho remarked.
“In such a compact area, we boast tens of thousands of rooms, all from five-star international brands. This is unparalleled globally and sets a world-class example.”
The executive emphasized that Macau has not yet reached its full potential, suggesting that short-term comparisons are unnecessary.
