81
Glass half full
erally evaluating the mood of the city.
The results of his work will be known
in May, but for now, Dashwood, born in
Argentina of both Argentinian and Eng-
as the gaming-blues continue, upbeat business
lish ancestry, takes an optimistic tone.
consultant alan Dashwood says Macau
“We have to go out and see what is
really happening and focus on what is
is in perfect shape to weather the storm and come happening here, not only in the US, be-
out shining - if it follows a few simple rules
cause we are not in America,’’ he says.
Looking at the statistics, he high-
by José Carlos Matias lights that in the last quarter of 2008, the
purchase of clocks and jewellery went
I
T’S relentless isn’t? Day in, day out pretty well placed to weather the storm,’’ up 21 percent and that, on average, each
gloomy news rolls in about the global he says refreshingly. mainland tourist spent over MOP4,100 on
economic meltdown. Surely it can’t be goods and services not related to gaming.
all bad news? Optimism
Or maybe it can. Almost every econ- Diversify and expand
omist, expert and analyst comes from Dashwood is carrying out research
the “glass half empty” glass school of on the Macau gaming model. After many Gaming is and will continue to be
thought. years of experience in dealing with the the only real engine of the local economy,
“Things are going to get much worse information technology sector, he has but the need to diversify has been stated
before they get better”, they say, and recently been focusing on the gaming countless times by Macau and mainland
Macau is no exception. Gaming revenues industry in the wake of its huge develop- officials.
are falling, the construction of new casi- ment since the end of the monopoly. But how? is the “six million dollar
nos has stalled and it is very likely that For two months he has been inter- question”, says Dashwood.
Macau will face a recession this year. viewing and meeting representatives For sure, he argues, the bulk of
But Australian business analyst Alan from the gaming operators, the major ac- the diversification will be conducted
Dashwood’s glass is half full: “Macau is counting and consultant firms, and gen- around the gaming and tourism indus-
april 2009
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