Reuters: Macau casinos deal themselves a tough hand with big non-gaming investment pledges
Casinos have committed to investing a total of $15 billion in the coming decade, 90% of which must be spent on non-gaming.But operators will find it hard to monetise their non-gaming ventures given their poor track record since 2001, when the former Portuguese colony first liberalized the industry, executives and analysts said.
Non-gaming revenues, which averaged around 5% of overall gaming revenues pre-COVID, must grow to more than 30% in the next decade, said Ben Lee, founder of Macau gaming consultancy IGamiX.
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