Operator News
Brazil – MGM China’s Pansy Ho sees potential in Brazil
By Phil - 21 October 2019
The Co-Chairperson and Executive Director of gaming operator MGM China Holdings Ltd, Pansy Ho Chiu King, said that if Brazil gives gaming the green light then a number of international investors would in all likelihood be willing to get on board.
According to The Macau Daily Times The daughter of Hong Kong and Macau-based businessman Stanley Ho, said: “I’m quite sure that Brazil, a major country and one of the largest economies in Latin America and in the world, if it was to consider opening up and to invite other gaming operators to come and develop the same kind of integrated resorts that Macau has expertise in, I’m sure there will be some of the existing gaming operators or even from other parts of the world would be clearly interested.”
The businesswoman was speaking at the international exchange platform, Global Tourism Economy Forum (GTEF) which promotes sustainable development of the global tourism industry with a focus on China.
2019 GTEF had Argentina and Brazil as the event’s main partners. The Brazilian Minister for Tourism, Marcelo Álvaro António, who was also present at the event, said that Brazil was currently looking at regulating the casino market in order to boost tourism. In March the Minister said that the government should start a debate in Congress about the possibility of allowing casinos in integrated resorts in tourist centres.
EMBRATUR , the Ministry of Tourism, and the National Forum of State Secretaries and Directors of Tourism (FORNATUR) have been urging lawmakers to try to push forward bills which would legalise casino gaming in large scale resorts.
