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The Independent UK
The Independent UK
National
Via AP news wire

'Las Vegas of Asia' tells casinos to grow beyond gambling

Macao Las Vegas Asia Ben Lee Stanley Ho SANDS Xi Jinping MGM Resorts SJM
Copyright 2022 The Associated Press. All rights reserved.

Losing money due to COVID, the American casino giants that helped make Macao the “Las Vegas of Asia” face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions.

The former Portuguese colony stayed out of business decisions for decades and now is aligning with official strategy on China’s mainland, where foreign companies are required to help pay for the ruling Communist Party’s development ambitions, profitable or not.

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