A senior business executive has warned that Macau’s growth is being threatened by a slowing Chinese economy and rising foreign competition, Bloomberg reported. Pansy Ho, co-chairman of MGM China Holdings, a casino giant, said that as Chinese tourists travel more frequently and farther afield, the city could gradually lose its appeal.” We’re already beginning to see that the customers coming through our doors are more demanding, they now know how to differentiate.” The city has been affected by a slowdown in gambling growth in recent months as bettors cut spending amid a cooling economy and a nationwide crackdown on corruption in China.
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