Macau bets on switch from gaming to GBA tourism hub

Simultaneously paying dividends while funding new investments into tourism and leisure is placing considerable strain on casino balance sheets in Macau – a bet many of them seem willing to take.

The last time Macau’s casino operators completed a fifth of their concession license was in 2005. Back then, the city’s gross gaming revenue (GGR) reached $6 billion, about half of what was played out across Nevada’s slot machines and card tables. But as Asia’s gaming hub matured, Macau quickly overshadowed its US counterpart, topping $37 billion by 2019, quadrupling Nevada's figures.

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