It has been confirmed that the local government is trying to reduce casino activities to irrelevance or something merely residual through diversification of the economy with alternatives to the gaming sector.
The Secretary for Economy and Finance, Lei Wai Nong, expressed this idea at the Legislative Assembly on Wednesday, which he attended for a Q&A session with the lawmakers on the Policy Address for 2023 (LAG23).
Replying to lawmakers’ inquiries about the gaming industry and its prospective new era in Macau, Lei said, “the gaming industry is essential but is also the one thing undermining diversification.” He added, “this is why we need to do the 1+4 [new economic model that aims to develop four other industries in parallel with gaming]. On the new concessions [to be granted soon], we have made it very clear that we need to develop the non-gaming sector.”
Explaining…
