In Markets

Macau bets future on becoming family destination

With casino revenues in Macau in free fall due to Beijing’s anti-corruption crackdown and a slowing Chinese economy, the gambling hub is hoping to reinvent itself as a family-friendly mass market destination.

But the city’s plan to replace the high-rolling elite with tourists drawn by new entertainment-focused mega-resorts will not be plain sailing.

Macau’s creaking infrastructure is already struggling to cope with visitor numbers, and analysts and residents question how the city can accommodate the influx necessary to make up for the loss of VIP gamblers.

(Source: Shanghai Daily)

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