The businesswoman from Macau Pansy Ho said that the local government should demand more from the gaming industry.
Macau.- Businesswoman Pansy Ho believes that the Macau government should demand more from the gaming industry. She also said that SJM Holdings is already preparing for the 2022 new licensing process in Macau.
Macau currently has six concessionaires and sub-concessionaires: SJM Holdings, Galaxy, Wynn Macau, MGM China, Melco Resorts and Sands China. A big part of the discussion around the new licensing process had to do with the number of concessionaires that will be allowed after 2022. Pansy Ho said that the government should focus on what the potential operators can bring to the city and their diversification efforts instead of that.
“All who come forward have to demonstrate that they are capable of bringing [something extra] to Macau,” said Ho, according to Macau Business. She said that from a market point of view, operators have less than five years to respond to the second phase of market opening. She argued that the current operators should be maintained by the experience they already have, by the investments they have made and in order to safeguard any abrupt change in the local gaming industry.
Last year, Ho’s sister Daisy took over the chairmanship of SJM Holdings along with Stanley Ho’s fourth wife, Angela Leong On Kei. “We are going to go through a bidding process in the next two to three years and that is why it is more critical now that the company has the right direction and a well-defined strategy for the future,” Pansy Ho said.