![]() ![]() Macau is a victim of its own success for focusing on gaming as its sole cash cow. ![]() But mainly, it's a victim of its own success for focusing on gaming as its sole cash cow. Getting Macau to amp up the non-gaming elements of the island will be a challenge, according to casino development strategists and hospitality consultants Insider spoke to. All this caused shares of casino companies, particularly American operators Sands China and Wynn Macau, to plunge. There were also hints of Chinese officials supervising the world's largest gambling hub. The timing of the announcement is in line with Beijing's regulatory crackdowns, and it means gaming operators will have to abide by new rules or risk losing their licenses. Gaming licenses in Macau expire in June 2022. In September, officials announced a regulatory overhaul. It's shockingly high," said Tash, who now runs his own consultancy firm, 2NT8 Macau.īut the wealth rests in the hands of a few - and that, in turn, is at odds with the government's "common prosperity" messaging. Account icon An icon in the shape of a person's head and shoulders. ![]()
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