Macau’s concessionaires should avoid “repetitive” investments and focus instead on establishing a unique positioning if they are to see true benefits from their mandated non-gaming spend, according to MGM China President and COO, Hubert Wang.
Wang was part of a Macau operator’s panel at MGS Summit on Tuesday where representatives of all six concessionaires offered their insights into the current state of the market.
Quizzed about the combined MOP$108.7 billion (US$13.6 billion) Macau’s concessionaires have committed to spend over the 10-year duration of their gaming concessions, Wang said, “I think the investment is affected by the ‘Pareto principle’ where only 20% of the investment will produce 80% of the impact. We are always looking for that 20% in our investments.”
