The Macau government should send a signal that it is interested in continued partnership with the private sector in gaming, said MGM China chief Pansy Ho.
This should be done by allowing the existing casino operators to stay in the market when their current licences expire in 2020 and 2022, said Ho. “The timeline should be lengthened. The fundamental principle should not be altered. Otherwise, how can Macau attract long-term investments? If the payback period is too short, no one will be interested.”
She added: “If every casino operator puts great effort and capital into the business, I don’t believe the government won’t let them survive. I think the government knows very well that Macau’s economic growth is largely driven by the gaming business.”
