{"id":777006310,"date":"2023-06-15T07:17:20","date_gmt":"2023-06-15T10:17:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777006310"},"modified":"2026-04-22T20:57:14","modified_gmt":"2026-04-22T23:57:14","slug":"macau-government-starts-consultations-on-economic-diversification-plan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-government-starts-consultations-on-economic-diversification-plan","title":{"rendered":"Macau government starts consultations on economic diversification plan"},"content":{"rendered":"\n

The Macau government is seeking input from stakeholders as it aims to reduce the city’s reliance on the gaming industry.<\/p>\n\n\n\n\n\n\n\n

Macau.- The Macau government<\/strong> is to hold a series of stakeholder sessions on its\u00a0Development Plan for Appropriate Economic Diversification of the Macao Special Administrative Region (2024-2028). Commencing today (June 15), the sessions aim to get feedback on plans for sustainable economic growth and diversification.<\/p>\n\n\n\n

The proposed development plan encompasses various sectors, including\u00a0tourism and integrated leisure business<\/strong>, finance, technology, healthcare, meetings and exhibitions, as well as cultural and sports events. With a focus on the next five years, it outlines\u00a0key projects and tasks associated with each sector<\/strong>.<\/p>\n\n\n\n

While the draft plan has not been made publicly available, the aim is to reduce dependence on the gaming sector. Last year’s public tender<\/a>\u00a0for new 10-year gaming concessions required applicants to detail non-gaming investments to support economic diversification efforts.<\/p>\n\n\n\n

After gathering feedback from stakeholder groups, including Macau deputies, members of political consultative conferences and local councils, the government plans to initiate a public consultation process. The final version of the economic diversification plan will be published after a review and incorporation of stakeholder perspectives.<\/p>\n\n\n\n

The six Macau operators collectively pledged a minimum of MOP108.7bn (US$13.48bn) towards non-gaming ventures<\/a> and exploring overseas markets as part of the concession agreements. <\/p>\n\n\n\n

See also:<\/strong>\u00a0Macau casino operators to present 2024 investment plans in September<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Macau government is seeking input from stakeholders as it aims to reduce the city’s reliance on the gaming industry.<\/p>\n","protected":false},"author":176,"featured_media":26451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Macau government is initiating stakeholder consultations for its 2024-2028 Economic Diversification Plan, aiming to reduce the region's reliance on the gaming sector. This strategic initiative follows the recent gaming concession tender, which mandated significant non-gaming investments from the six Macau operators, collectively pledging MOP108.7bn (US$13.48bn) towards new verticals and overseas market expansion. The plan encompasses tourism, finance, technology, healthcare, and MICE, with a public consultation to follow stakeholder feedback.","focusai_entities":"Macau government, Macau deputies, political consultative conferences, local councils, six Macau operators","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.85), operator_casino (0.99), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming Investment ROI?","query":"What specific KPIs and governance frameworks will the Macau government implement to monitor the ROI and strategic efficacy of the MOP108.7bn non-gaming investments pledged by concessionaires?"},{"label":"Diversification Sector Prioritization?","query":"How will the government prioritize specific sub-sectors within tourism, finance, and technology to maximize economic impact and minimize cannibalization of existing gaming revenues, while ensuring regulatory alignment?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777006310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006310","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777006310"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006310\/revisions"}],"predecessor-version":[{"id":777006342,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006310\/revisions\/777006342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26451"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}