| This is the first year of the decade-long new gaming concession contracts, with the incumbent six gaming companies operating but under new terms. One year is not long, many will say, but enough to realize that several things started to change |
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Is 10 years a short time? It may not suffice to create an entirely new economic model significantly less dependent on gaming, but it will be enough for all stakeholders to make a lot of money
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First step: Revitalisation The government has assigned the six operators to revitalise “community areas”
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International visitation While the emphasis on drawing foreign tourists is a top priority, observers say Macau’s market will continue to be oriented towards Greater China
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Now it’s time to revamp Except for Galaxy, which is still expanding, operators are focusing on renovating
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Foreigner-only zones? More than a novelty, these areas exclusive to foreigners are original. It remains to be seen what the effective impact is
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On the verge of extinction... ... or not. The role of junkets is at this point little more than residual. They will eventually disappear, unless they reinvent themselves, insiders say
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A Beijing tailored suit With the new gaming law, national security takes centre stage
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Mass market, the new king … but that doesn’t mean VIP gaming is dead or has become irrelevant
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Government: Hands-on Previously, the government was seen as relatively passive, now it has become conspicuously proactive.
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The young Chinese tourist ...has arrived. Millennials and Generation Z may be less interested in gambling, but downplaying their role would be a mistake
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