Representatives of all six Macau concessionaires will offer their unique insights today when they take part in a high-level panel discussion on the evolution of Macau at MGS Summit.
The panel, titled, “Pioneering a New Macau”, will explore the day-to-day impact of key requirements under Macau’s new 10-year gaming concessions, specifically the transition from a VIP market to one focused firmly on mass, and a Macau SAR government determined to see diversification of the Macau economy and requiring a colossal MOP$109 billion (US$13.6 billion) to be spent over the decade on non-gaming initiatives as wide-ranging as MICE; entertainment; sports, art and culture; community, health and maritime tourism and much more.
It will also look at how concessionaires are impacted by rapid changes in technology via an increasingly digital world, a desire for more international visitation to Macau, and a changing international landscape for the Asia-Pacific resort industry.
To be moderated by Professor Davis Fong of the University of Macau, the six panelists represent Macau’s gaming concessionaires are:
- Craig Fullalove, Chief Financial Officer and Chief Administrative Officer, Wynn Macau
- Frank McFadden, Chief Operating Officer – Gaming & Hospitality, SJM Resorts
- Buddy Lam, EVP, Corporate Office, Galaxy Entertainment Group
- Raymond Lo, SVP and Property General Manager of Altira Macau and Mocha Clubs, Melco Resorts
- Hubert Wang, President and COO, MGM China
- Wilfred Wong, President and Executive Director, Sands China
MGS Summit will kick off from 11am today with a Keynote Address to be delivered by Kevin Kelley, Chief Operating Officer – Macau at Galaxy Entertainment Group, from 11:05am.
There will also be a session presented by GLI’s Ian Hughes exploring the future use of AI in gaming, a discussion involving leading industry suppliers on market developments across Asia, a presentation from Professor Wang Changbin from Macao Polytechnic University on challenges and opportunities facing concessionaires, and a discussion on remote gaming in the Philippines.
The full summit program can be found here.
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