Inside Asian Gaming

IAG FEB 2023年2月 亞博匯 60 COLUMNISTS is to develop as a hub for non- gaming investment by Macau gaming concessionaires it will need some form of mass transit system to enable movement around the island, and between the island and Macau. The light rail system has already been seriously compromised in its routing, capacity and speed of operations, and extension of its network across the Lotus Bridge may not be an attractive, or even feasible option. REPUTATION Macau is universally identified with gaming, and little else. Unlike other prominent gaming jurisdictions, such as Las Vegas and Singapore, the casinos have been largely unable to diversify their revenue streamsaway fromrelianceupon GGR. Macau’s reputation has been tarnished by its adoption of a “zero-COVID” policy, which may yet have the residual effect of discouraging visitors who may be apprehensive about their ability to freely enter and move about Macau. The past three years may also point to an under- estimation of the sovereign risk associated with doing business in Macau, given the sensitivity of the SAR government to Central government policy on corruption, capital outflows and COVID. History tells us that Las Vegas in the 1950s had the reputation of a mob-controlled