The existing six gaming companies in Macau will sign a new ten -year contract today (December 16), new contracts, new contractsGaming companies are required to focus on non -gaming.NotReuters reports that as the Chinese government urgently hopes that Macau has shifted from a single gaming industry to the diversification of industries and attracts more overseas tourists. It is expected that the signing of the contract will focus on non -gaming activities in the new contract period.NotAnalysts predict that the cumulative investment in the gaming company in the field of non -gaming will be as high as US $ 15 billion (S $ 20.4 billion).NotThe ten -year contract will take effect on January 1, 2023.NotFor these six companies, this time is very big.In the past two years, China has implemented a strict policies for crown disease prevention and control, which has led to a reduction in mainland gamblers to Macau, which has lost billions of dollars in companies that rely on Macau gaming industry profits.NotIn this time, the Chinese government also made a wider blow to capital outflows.At the end of 2021, due to the illegal operation of cross -border gambling and money laundering, Zhou Yihua, a Macau gambling tycoon and the founder of Sun City Group, was arrested in Macau, and he has once repeatedly occupied the dominant and rich luxury market.NotEarlier trials have also been conducted, but they have not succeeded.Due to the high cost of investing in non -gaming industry, especially the profit of the gaming industry is relatively high, many casino operators are unwilling to invest in the non -gaming industry.
The industry accounts for more than 80%of the Macau government's revenue.However, the Macau government has put forward conditions in the bidding. It is hoped that the new license holders will give priority to ensuring local employment, developing the Overseas tourism market in Macau, and increasing investment in the field of non -gaming, including investment in exhibitions and traditional Chinese medicine industries.NotManagement and analysts said that although the Macau government sends a casino license to the existing operators, it provides stability and continuity for the job positions of the local residents of these companies. Compared with the past 20 yearsNon -gaming faces greater responsibilities.NotDatong analysis believes that in the next 10 years, the gaming company that has obtained licenses is expected to invest a total of 100 billion to 120 billion yuan in the non -gaming field (Macau dollars, the same below, S $ 17 billion to S $ 20.4 billion), and Jinsha and Galaxy have invested about 25 billion yuan eachYuan, the remaining investment of 15 billion yuan.Not, Macau's serious dependence from Chinese tourists, including Hong Kong and Taiwan, accounts for more than 90%of the total number of tourists in Macau.
