affected in a way the economic situation in Macau: as we recently informed, tourism has slowed down<\/strong><\/em><\/a> in the last months of the year. But according to an Economist Intelligence Unit (EIU) analyst who follows the economy of Macau, the unrest in Hong Kong will not have significant influence in the political and social stability of the city. <\/p>\n\n\n\nAnalysts also stated that Macau should focus more in popular gambling industry than in the VIP sector.<\/p>\n\n\n\n
\u201cWe do not see much impact from the Hong Kong protests in Macao; the political dynamics in both territories are very different, there is a much more local movement in Hong Kong, sustained by the protests, while, on the contrary, this dynamic has not prevailed. So we expect Macau\u2019s relatively high degree of political stability to continue over the next few years”, analyst Nick Marro told Lusa in an interview.<\/p>\n\n\n\n
The EIU analyst stated that one of the priorities of the new Macau government would be to try to diversify the economy by focusing more on popular gambling than on high-end gambling, the so-called VIP gambling.<\/p>\n\n\n\n
\u201cIt is probably an attempt to ensure long-term sustainable growth in this sector,\u201d said the analyst, acknowledging that while Macau is the main destination of the world game, revenues have fallen sharply this year\u201d Marro noted.<\/p>\n\n\n\n
\u201cThis is due to the slowdown in the expansion of the Chinese economy and the anxiety that the trade war with the United States has generated\u201d in the players, he said, considering that \u201cboth factors contributed negatively to the flow of Chinese tourists to Macau. an effect on casinos, and will continue to have in 2020\u201d, added.<\/p>\n\n\n\n
\u201cThe currency is quite stable, indexed to the Hong Kong dollar, which in turn is pegged to the US dollar, and therefore there is an underlying degree of stability here; we do not expect any changes to this agreement, even with the political turmoil in Hong Kong,\u201d he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Analysts predict the city will remain stable besides situation in Hong Kong.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"An Economist Intelligence Unit (EIU) analyst indicates that while Hong Kong protests have impacted Macau's tourism, they are unlikely to destabilize its political and social environment. The analyst suggests Macau's new government should prioritize economic diversification by shifting focus from the VIP gambling sector to the mass market to ensure sustainable long-term growth, acknowledging recent revenue declines due to broader economic factors.","focusai_entities":"Economist Intelligence Unit, EIU, Nick Marro, Lusa","focusai_location":"Hong Kong, Macau, China, United States","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Diversification Strategy","query":"What specific policy initiatives or regulatory adjustments are anticipated from the new Macau government to facilitate the proposed economic diversification towards mass-market gambling?"},{"label":"VIP vs. Mass Market","query":"How might a sustained shift from VIP to mass-market gambling impact the GGR composition and profitability margins for integrated resorts operating in Macau?"}],"footnotes":""},"categories":[160,157,16338,158],"tags":[229,1619,257],"class_list":["post-1601","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business-news","category-east-asia-news","category-slider-home","tag-gambling","tag-hong-kong","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1601"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1601\/revisions"}],"predecessor-version":[{"id":1624,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1601\/revisions\/1624"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}