Lawrence Ho signals caution on Macau outlook amid satellite casino uncertainty
Melco CEO says Q1 performance solid, but volatility remains.
Key points:
– Government target of HK$240bn (US$30.6bn) in annual gross gaming revenue under scrutiny
– Melco’s satellite operations expected to see minimal impact
– Emphasis placed on regional integration and continued business support
As reported by Macao Daily, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho has expressed measured optimism regarding Macau’s gaming revenue outlook for 2025. He noted that, while the company’s first-quarter performance was stable, fluctuations in the broader market make it difficult to predict whether the Government’s full-year target of HK$240bn will be achieved.
Ho acknowledged the potential impact of the ongoing United States–China trade tensions on economic development, but said that both mainland and Macau-based enterprises remain united in supporting the country’s long-term goals. He emphasised the importance of Macau aligning closely with national development strategies.
On the future of satellite casinos, Ho remarked that the matter ultimately rests with the Government. Melco, which currently operates one satellite casino – Grand Dragon in Taipa – under a management model involving 15 gaming tables, expects limited disruption should existing arrangements come to an end following the expiry of the three-year transition period later this year.
Ho also commented on expectations surrounding the upcoming policy address by the Chief Executive. He encouraged the administration to continue supporting both major enterprises and small to medium-sized local businesses, many of which remain under pressure post-pandemic.
Additionally, he advocated for policies that would enhance convenience for Greater Bay Area residents travelling to Macau, promoting increased cross-border connectivity and tourism.
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