“The market requires competition to progress. If the situation remains the same, where [gaming concessionaires] maintain their way of operation, any growth will only go to the existing operators,” said Macau Legend’s David Chow Kam Fai.
“If the market is big enough, there is no problem for Macau to have two or even three more casino licences,” Chow told reporters at the annual meeting of the Chinese People’s Political Consultative Conference, an advisory body to the Chinese central government.
“I believe Macau people should have more opportunities to take part in the gaming industry. I am not pressuring the government, but I think the opportunities should be provided,” he added.
Chow concluded: “Currently, the majority of the market share of the gaming industry in Macau is controlled by non-local companies… Who do you think are the real beneficiaries? Are there chances for local people to become a casino operator in Macau?”
The Macau Legend CEO said additionally that if new gaming licences were to be issued, the company would “fight for it”.
Chow had said previously that the Macau government should encourage the development of local businesses, including granting gaming licences to some of the companies currently operating satellite casinos.
The Macau government has commissioned two studies on the possible development of the city’s gaming sector in the period between 2020 and 2030. The studies would also look into how many gaming licences should be issued once the concessions of the six current Macau operators expire.
Source: GMB / GGR Asia
