Macau casino investor MGM China Holdings is interested in investing in Taiwan’s hospitality and tourism sector, Pansy Ho has told a Taiwanese newspaper.
The report did not make specific reference as to whether MGM China Holdings or an associated company would be interested in bidding for or investing in, any potential casino resort projects that might be allowed in Taiwan.
Ms Ho, co-chairman of MGM China, made the comments to the Chinese-language Daily Want newspaper according to a report by the Taiwanese news agency CNA. An English online version of Want Daily – Want ChinaTimes – also carried a translation of Ms Ho’s comments.
“The likelihood of investing in Taiwan is pretty high because now is a good time,” said Ms Ho. She was referring to the opportunities provided by Taiwan’s recent opening to individual tourists from China.
“The investment plans will target hotels, as well as travel – and service-related businesses,” she added.
“We would further like to serve as a bridge between Hong Kong, Macau and Taiwan, helping to set up business partnerships with Taiwanese companies,” she said.
She also suggested that Taiwanese enterprises should continue to come up with new business models in response to the individual Chinese tourist programme launched in late June.
“The current successful [business] models might not attract Chinese tourists any longer because their demands and requirements are advancing really fast,” she added.
Citing the MGM Macau hotel and casino in Macau as an example, she said that over the past few years there had been a rapid and unprecedented change in Chinese people’s spending habits.
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