Gaming entering ‘different cycle’ aligned to China’s interests – Consultant

The consultant for Macau gambling operator Sociedade de Jogos de Macau (SJM), Rui Cunha, says that gambling in the territory is entering “a different cycle” that needs to be aligned with China’s national policy and interests.

“Macau cannot be detached from the interests and overall policy of China,” analysed Rui Cunha, a lawyer and consultant for SJM, the oldest gambling operator in the special administrative region.

Since the sector was liberalised in 2002, three concessionaires have been operating locally: SJM, Galaxy and Wynn, and

three sub-concessionaires, Venetian, MGM and Melco.

Gambling accounts for about 80% of government revenues and 55.5 per cent of Macau’s Gross Domestic Product, in an industry that employs more than 80,000 people, or 17.23 per cent of the working population. In 2019, the region received almost 40 million visitors, a year when casino revenues were MOP292.4 billion.

Source: https://www.macaubusiness.com/gambling-entering-different-cycle-aligned-to-chinas-interests-consultant/