Praveen Choudhary, managing director and head of Hong Kong Property, Hong Kong/China Conglomerates and Asia Gaming Research at Morgan Stanley, said yesterday it was very difficult for Macau to massively increase its non-gaming revenue percentage due to the city’s limited land resources.
Macau’s land area covers 30.5 square kilometres.
Choudhary made the remarks while speaking to reporters on the sidelines of a press conference at Galaxy Macau about the upcoming 11th G2E Asia gaming expo, where he was one of the main speakers.
Non-gaming revenue accounted for about 13 percent of the gaming industry’s total revenue in the third quarter of last year, compared to 65 percent at the Las Vegas Strip – which is 6.8 kilometres in length – in 2015.
Praveen Choudhary, managing director and head of Hong Kong Property, Hong Kong/China Conglomerates and Asia Gaming Research at Morgan Stanley, addresses a press conference at Galaxy Macau yesterday about the 11th G2E Asia gaming expo at the Venetian in May. Photo: Annie Cheung
