Macau's casino operators have pledged billions of dollars to develop non-ga...
MACAU - Macau’s casino operators have pledged billions of dollars to develop non-gaming attractions in a bid to secure new licenses, but analysts predict only the more efficient like Sands China and Galaxy will be able to curb losses and emerge winners.The spending frenzy comes as Beijing pushes to rebrand Macau as a family-friendly destination.
“It will be the best and brightest gaming operators to be able to defend themselves,” said Grant Govertsen, managing director at research firm Union Gaming in Macau. SJM, however, is likely to lag given its limited non-gaming amenities and poor operational efficiency, other analysts say. “The return on invested capital will be less efficient unless they are very clever in making it work,” Lee said.
Analysts are bullish on Macau’s long-term fundamentals given it is China’s only legal casino hub, its greater connectivity to the mainland and massive growing middle class, but they see the development of non-gaming as increasing execution risk.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. may still be Asia's most powerful, but China and North Korea are the biggest winners'Under most scenarios, short of war, the United States is unlikely to halt the narrowing power differential between itself and China,' the Lowy Institute's 2019 Asia Power Index found.
Baca lebih lajut »
China's tech workers burn out mentally and physically in the '996' rat raceWang Shichang works 12 hours a day, often for six days a week. His energy levels are low and the newlywed is so busy he says he barely has time for his wife. He blames a grueling work schedule known in China as '996' — 9 a.m. to 9 p.m., six days a week.
Baca lebih lajut »
Progress reported in race to find vaccine for deadly hog disease spreading across ChinaThe race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently no treatment or effective vaccine available, but there was some encouraging news this week.
Baca lebih lajut »
Trump’s ‘Easy’ Trade War Hits Snags as China Plays the Long Game“If China does not stop its illegal activities, including its theft of American trade secrets, I will use every lawful -- this is very easy. “If things continue the way they are why would Xi want to meet with Trump,” said Jeffrey Schott, a senior fellow at the Peterson Institute for International Economics
Baca lebih lajut »
China's ShFE aims to open non-ferrous futures to foreign investors within two yearsThe Shanghai Futures Exchange (ShFE) is exploring ways to open up its non-ferrou...
Baca lebih lajut »
The trade war is speeding up tech manufacturers' plans to move out of China, a longtime industry analyst saysWages have risen and new tariffs threaten to make manufacturing in China even less cost effective, industry consultant Gregor Berkowitz says.
Baca lebih lajut »
Senate considering South China Sea sanctions on China as massive trade war rattles relationsThe legislation would force the government to seize financial assets and revoke or deny visas of individuals involved in expansionary Chinese policy.
Baca lebih lajut »
Tesla shares set to fall for a seventh straight day as more analysts warn of troubleTesla was set for its seventh straight day of losses after more analysts joined the growing list of those concerned with its finances.
Baca lebih lajut »
Take a look at Star Wars: Galaxy's Edge on Disneyland's new guide mapDisney Parks unveiled a new map that includes Galaxy's Edge, the immersive Star Wars themed land that opens next week at Disneyland in California
Baca lebih lajut »