MACAU BUSINESS MB: Everyone continues to talk about regional
creating. And also to see gaming revenues go higher again.
MB: People are saying that 2017 will see an
increase but we’re also expecting that for the second half of this year, and we’re still not there. Are you convinced that we’ve reached the bottom and from now [revenues] will go up again?
P.M.C.: Until now, we don’t have many indications that show that there will be an improvement - but personally I hope so, especially with the inauguration of two integrated resorts [this year].
MB: But you are convinced that 2017 will be a
year of new growth? P.M.C.: We can only work hard for that. We don’t
see any external factors that are favourable to an increase but at this moment what we should do is to prepare ourselves, revise the law, and better regulate the environment in order to prepare for the next boom.
MB: Basically to take advantage of the
slowdown, clean house a bit, and prepare for the future? P.M.C.: Exactly.
competition but Taiwan still hasn’t decided, Japan is a non-story so far, Korea comprises not much more than Jeju Island. A kind of competition comes from Singapore and the Philippines - but are they a threat? P.M.C.: I was recently in Singapore at a regulators
symposium and had the chance to meet regulators from different jurisdictions and I realise that we still have an advantage over them. But, of course, we need to be prepared for the challenges. We have a more mature market. Most of the
patrons come from China; we have the same language, same culture, our casinos and resorts are good, the gastronomy is good so we have great conditions. And Macau is very safe unlike some jurisdictions in Asia. So, for a short while, we still have a certain advantage but in the long term we need to prepare and improve ourselves. We need to work hard on integrity and the quality of our gaming sector.
MB: Are these the main challenges you would
like to overcome? P.M.C.: Not being too dependent upon the junkets, the VIP market, and really diversifying non-gaming amenities in order to attract more middle class tourists. It is the mass market that should be developed.
24 SEPTEMBER 2016
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