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Macau wants to be a ‘business city,’ not just a gaming hub—and it’s spending $16 billion to help it get there
Macau, the world’s largest gambling hub, hopes to move from being a “tourism city” to a “business city,” according to the head of the Chinese city’s trade and investment promotion arm.
AI Summary
Macau’s trade and investment promotion agency announced plans to shift the region’s identity from a tourism‑focused gambling hub to a broader “business city.” At the Fortune Leaders Forum on Sept. 8, agency president Alex Che Weng Keong cited Las Vegas as a model for diversifying the economy. The initiative includes a $16 billion investment aimed at expanding non‑gaming sectors and attracting corporate activity. The effort seeks to reduce reliance on casino revenue and position Macau as a regional center for commerce and finance.
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