Melco Resort's Ho Makes the Case for a Recovery in Macau

The video discusses the recovery of the gambling industry after a crackdown focused on anti-corruption, which affected luxury sectors like gaming. The return of gamblers, particularly the middle class and wealthy individuals, is driving growth. The VIP market is growing but not expected to outpace the mass market. Melco Resorts focuses on the middle class and expects revenue growth in Macau. Marketing in China is challenging due to legal restrictions, so non-gaming attractions are emphasized. Melco is investing in Macau, with new developments like the City of Dreams and Studio City.

What was the primary focus of the crackdown that affected the gambling industry in Macau?

• Tax evasion

• Tourism restrictions

• Anti-corruption and anti-extravagance

• Gaming regulations

How does Melco Resorts differentiate itself in the market?

• By focusing solely on VIP clients

• By offering the lowest prices

• By targeting the middle class with luxury offerings

• By focusing on high-end luxury gaming

What is the expected revenue growth for Macau in the foreseeable future?

• Over 20%

• Negative growth

• High single digits or low double digits

• Low single digits

What strategy does Melco Resorts use to market in China despite restrictions?

• Focusing on gaming advertisements

• Highlighting non-gaming attractions

• Offering discounts on gaming

• Partnering with local casinos

What iconic project is Melco Resorts completing in Macau?

• A theme park

• A new casino

• A billion-dollar hotel designed by Dame Zaha Hadid

• A luxury shopping mall