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Greater Bay Area
Las Vegas Sands Chairman and CEO Rob Goldstein said the company "firmly believes" the Macau market will recover and will benefit in the future from infrastructure developments throughout the Greater Bay Area.
A Guangdong-Hong Kong-Macau Greater Bay Area Competition Policy Committee has been established with goals to improve investment and business environment in the region and enhance the level of market integration, provincial authorities revealed.
The Greater Bay Area project faces significant challenges in achieving full integration, which will limit the economic benefits, Fitch Ratings says.
China’s enormous Greater Bay Area (GBA) initiative sets out an ambitious role for Macau, though views are mixed on exactly how much it will help the Special Administrative Region diversify its gaming-centric economy.
China has issued a financial support guideline to boost the development of the Greater Bay Area, which includes Guangdong, Hong Kong and Macau.