“One Belt, One Road” to drive tourism/casino growth

While Beijing’s anti-corruption drive has often been blamed as a primary factor behind the slump in Macau’s gaming revenue, the same regime is also responsible for proposing and supporting another initiative that may have widespread implications for the development of the Asian gaming industry — the “One Belt and One Road” project.  During a state visit to Kazakhstan on September 7th 2013, Chinese President Xi Jinping, proposed that China and the Central Asian countries build an “Economic Belt” along the historic Silk Road, a trans-Eurasian project from the Pacific Ocean to the Baltic Sea. One month later, in a speech to the Indonesian Parliament, Xi proposed a “21st-century Maritime Silk Road.” Now known as “One Belt and One Road,” the initiative has become one of China’s keystone state development strategies focusing on connectivity and cooperation. The goal is to realize the massive trade potential and boost economic development among countries through Central...

Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.