International edition
June 14, 2021

Due to Taiwanese recent opening to individual tourists from China under the FIT program

Macau casino boss Pansy Ho planning to invest in Taiwan tourism

(Taiwan).- A top official of a Macau-based hotel and casino giant said in an interview published today that her company is making plans to invest in Taiwan's hospitality and tourism sector. Pansy Ho, a co-chairwoman of MGM China Holdings, told the Taiwan-based Want Daily newspaper that "the likelihood of investing in Taiwan is pretty high because now is a good time."

H

o was referring to the opportunities provided by Taiwan's recent opening to individual tourists from China under the Free Independent Traveler (FIT) program. "The investment plans will target hotels, as well as travel- and service-related businesses," she added.
"We would further like to serve as a bridge between Hong Kong, Macau and Taiwan, helping to set up business partnerships with Taiwanese companies," she said.

She also suggested that Taiwanese enterprises should continue to come up with new business models in response to the FIT program launched in late June. "The current successful models might not attract Chinese tourists any longer because their demands and requirements are advancing really fast," she added.

Citing the MGM Grand Hotel and Casino in Macau as an example, she said that over the past several years, it has experienced rapid change on an unprecedented scale in Chinese people's spending habits.

Shopping centers affiliated to the casinos have successfully turned Macau into an alternative shopping destination to neighboring Hong Kong, according to Ho.

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