Ho Iat Seng: Macau concessionaires need time to try and test effectiveness of non-gaming investments

Friday, November 17, 2023 3:20 PM
  • Pierce Chan, Inside Asian Gaming

The Chief Executive of Macau, Ho Iat Seng, told the Legislative Assembly on Wednesday that the non-gaming investment programs of Macau’s six concessionaires would not be effective immediately, and appealed to the community to give them time to do so.

During a question-and-answer session on the government’s 2024 Policy Address held at the Macau Legislative Assembly on Wednesday, Councilor Ron Lam asked about the status of the non-gaming investment plans of the concessionaires.

In response, Ho Iat said, “The revitalization of old districts and other non-gaming investment projects of the grantee companies need to be tried and tested.

“The investment programs will not be successful in a few months, the whole program will take up to 10 years.”