Making the News

Macau Daily Times

Originally Published:Tuesday, November 17, 2015
http://macaudailytimes.com.mo/gaming-the-decline-of-atlantic-city-seen-as-a-lesson-to-macau.html

GAMING THE DECLINE OF ATLANTIC CITY SEEN AS A LESSON TO MACAU

By RENATO MARQUES
Macau Daily Times

The Macau Polytechnic Institute (IPM) organized a gaming forum yesterday that examined the decline of the gaming industry in Atlantic City and its implications for Macau. Reflecting on the theme “Postcards from the Past, Lessons for Macau,” Michael J. Pollock from Spectrum Gaming Group, related the Atlantic City downturn to the collapse of Lehman Brothers in 2008 that saw USD8 billion “evaporate” from a private capital planned investment worth about USD10 billion. The focus of his presentation, however, was based on the “universal truth” related to the gaming industry: “Having a regional monopoly is not an effective long-term business model.”
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