Five-year economic plan to embrace revenues beyond gaming.
The Macau government is expecting that the city’s six gaming concessionaires will handle the “heavy lifting” of economic diversification efforts, veteran gaming executive Kevin Clayton told Asia Gaming Brief.
The SAR has long struggled with its attempt to diversify its economy away from gaming, as gaming tax contributes up to 85 per cent of government revenue. Local authorities have recently initiated the public consultation for its five-year economic diversification plan for non-gaming sectors, which are expected to make up to 60 per cent of Macau’s gross domestic product by 2028 - a figure debated by many economists and insiders.
Read the full article in the September issue of InterGaming
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