Macau reinvention is a big roll of the dice

Sands China

14/04/2023 05:59

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Katrina Hamlin
       HONG KONG, April 14 (Reuters Breakingviews) - Casino
operators Sands, MGM and others are juggling a recovery with
spending on water parks, medical tourism and more to help the
Chinese hub reduce its dependence on gambling. Investors can
diversify too. They face better odds by sticking closer to the
US holding companies. 
    
    Full view will be published shortly.
    Follow @KatrinaHamlin on Twitter
    
    CONTEXT NEWS
    Macau’s gross gaming revenue rose to 34.6 billion pataca
($4.3 billion) in the first quarter, up 95% from a year earlier,
according to data released by the Gaming Inspection and
Coordination Bureau on April 1. That compares with 76.2 billion
pataca in the first quarter of 2019.

 (Editing by Una Galani and Thomas Shum)
 ((For previous columns by the author, Reuters customers can
click on  HAMLIN/ 
SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS https://bit.ly/BVsubscribe
 | katrina.hamlin@thomsonreuters.com; Reuters Messaging:
katrina.hamlin.thomsonreuters.com@reuters.net))