The way to make money

(Source: Panorama)

Economic Observing News Wang Zhiqi / Wen a diverse new Macau has been prototype, today’s Macau, no longer there is only a casino in the past Macau. Now to Macau, there are a world cultural heritage to visit, there are many large resorts, which can meet the entertainment needs without entering the casino. Catering, shopping, watch show and other family entertainment casual content, enough to play three nights in Macau.

Macau is expected to \”exclusive\” free travel policy

In the past, Hong Kong and Macao Tour are often bundled, and tourists stay in Macau stay short. Now, more and more people will take Macao as a destination. After decades of development, visitors have different demands in Macau and Hong Kong, and Macau and Hong Kong can provide a lot of differences for tourists.

Currently, Macau’s major consumer group is the mainland tourists, and the mainland tourists account for 70% -80% of the total number of visitors in Macau. Mainland tourists have high requirements for services, especially for high-end consumption requirements. Mainland tourists’ requirements for products are much higher than European and American tourists. Therefore, new investment has been continuous, and the project must have a new content injection for some time. Otherwise it is difficult to keep back. Even in the 10-year MGM hotel, we need to continuously join new elements, retail, and dining are constantly updated.

Macau is now about 30 million passenger traffic, predicted that this number will reach around 40 million. With the completion of the Hong Kong-Zhuhai-Macao Bridge, Shenzhen to Zhongshan’s deep middle tunnel bridge, and the continuous improvement of the mainland high-speed rail system, the growth of passenger traffic to Macau is fully foreseeable.

At present, tourists are not very long in Macau, about 1-4 days. This data is around 4 days in Las Vegas, and the hotel’s tourism industry in Macau has a large growth room.

At present, Macau and Hong Kong have attracted customers from the same free administrative policy. Such a policy should be said that it is already in accordance with Macau, Hong Kong has developed. Future Macau can have its own freedom policy.

We hope more free travel guests to Macau. Compared with the team, the guests from the city come from free travel, longer, about three days, and more consumption power. The consumption ability is not as free. The guest is not a group of wallet budgets, but they don’t have time to spend money, and team tourists are over Macau. The local culture of Macau, the Portuguese Culture Element of Macau, can’t take time to calm down.

In addition, Macau also needs to go to the world stage, and the final goal of Macau is to become a world-class tourist leisure center. It is necessary to build Macau into a world-class tourist and leisure center, an important aspect is the development of the Pearl River Delta and Dawan District.Combined together, it can be kept higher, and the object is greater.

In addition, the Macau government responded to the call of the central government in all the way, and played the function of Macau \”Bridgehead\”. Many Portuguese-speaking countries have such a platform to produce economic and trade relations. All of this is closely related to the prosperity of Macau, and is closely related to Macau’s diversification. Now we just see just start.

Shun the trend of this development, the future should be Macau has its own freedom, Hong Kong has its own freedom.

Explore the hotel industry

For MGM (2282.hk), we are full of confidence in the Macao Special Administrative Region. The open-age MGM Hotel has invested $ 3.4 billion, such a large investment is the embodiment of confidence.

MGM originated from Las Vegas, USA, started in China in 2007, opened in Macao MGM in Macau SAR. In January 2018, MGM’s second hotel in Macau, MGM, will formally open.

The company’s investment in Macao Hotel in Macau and Hong Kong is the highest in Macau and Hong Kong hotels. The $ 3.4 billion investment of $ 3.4 billion in Megami, USA does not include land prices will reach $ 3.8 billion. Among the $ 3.4 billion investments, 90% of the non-gaming zone investment. Non-gaming zone investment, including Shibo Square, 1390 rooms, villas, catering, theater, art, etc.

MGM actively responded to the call of the central government and the Macao SAR government, actively cooperates in diversification, whether investment, or basic operations, are developing in a diversified direction. And whether the diversified success is not only how many rooms, how many restaurants determines the diversified success or talent factor.

Beautiful Lion MGM’s high-tech Xibo Plaza, theater, etc., all contain rich content. These projects are far from being completed, requiring constant update content, which requires cultural creativity and excellent talents. Through these products, these products can drive the development and training of local talents in Macau in cultural creativity.

Macau truly needs a \”multi-diversity\” development in multi-industrialization. MGM is not just product, and it is a platform. On this platform, we can show a better development in the future, and you can provide richer content and recruit more talents.

(Wang Zhiqi, MGM China Holdings Co., Ltd. Finance Senior Vice President and Chief Financial Officer, this reporter Li Si’s interview)