Macau Looks For Alternative Revenue Sources Other Than Gambling

Macau looks for alternative revenue sources other than gambling. Macau has been attempting to loose from its dependence on gambling, looking for a better, and well-rounded tourist experience. Even with COVID-19 hitting and locking down the entire administrative region, Macau is still planning to diversify its revenue away from gambling.

The six-month coronavirus lockdown has served as a further wake-up call why the casino industry can not be the region’s staple economic product. While travel restrictions still make it difficult for Macau to bring visitors to the city, officials are betting on a more family-friendly approach to ramp up visits at whatever capacity.

The special administrative region is already negotiating with Hong Kong and border provinces with China to create a special traveling bubble and ease up traveling restrictions in that area. In fact, China has already eased up some of the traveling restrictions.

The new expansion will come under a Master Plan for urban growth in the city which is already in its early stages. The Land, Public Works and Transport Bureau (DSSOPT) released a draught at the end of the work week, outlining a positive outlook on tourism.

Currently, most of the casinos operate in Cotai and the New Outer Harbour Area, sort of the Las Vegas Strip in Macau. However, for any new urban expansion, the government would prohibit all gambling operations in any new urban expansion areas.

[image: Hiurich Granja]

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