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The government may have previously been more dismissive about taking precautions. But it is now becoming more serious. However, the IMF still thinks more can be done.<\/p>\n<\/div>\n
On April 12, it provided its latest update on its view of Macau’s future. In it, the organization emphasized that officials need to increase their attention to climate adaptation, improve early warning systems, and push public investments to counter vulnerabilities.<\/p>\n
There are still concerns that the local economy faces a long-term negative impact because of the new gambling laws. The IMF expects a “smooth transition” to a new era of gaming in Macau. However, it echoes other predictions that have said that a return to pre-pandemic stability isn’t possible until at least 2025.<\/strong><\/p>\nThe next few years, starting this year, will be critical for Macau’s future. How the city develops proactive responses to real-world issues will determine where Macau is at 15 years from now.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau has been dependent on its casinos for a large part of its economic success for years. Updated gambling laws will reduce that dependency. But the International Monetary Fund sees a bigger impact coming through environmental changes. Macau is in the middle of a transformation almost as big as the transition from Portuguese to Chinese […]<\/p>\n","protected":false},"author":64,"featured_media":209789,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,57],"tags":[],"acf":[],"yoast_head":"\n
IMF: Climate Change Could Impact Macau's Casinos More than New Gambling Laws - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n