Macau Bets on IT to Manage Growth from Gaming
Major banks and hospitality companies in Macau expect casinos to play an increasingly major part in their business mix over the next two years – with some projecting as much as 30% casino-driven annual revenue growth.
To cope with the anticipated extra business, companies are boosting their IT infrastructure. Macau’s IT industry was worth US$54 million in 2006 and is relatively small compared with neighboring Hong Kong, where the sector is worth upwards of US$1.5 billion.
Macau’s technology market is expected to grow at about 8% a year to 2010. Not surprisingly, gaming and hospitality industries lead in IT investment. Representing 43% of total IT spending in 2006, casinos report spending an average of US$400,000 to US$2.6 million per annum on IT products and services.
This has not gone unnoticed by global IT players such as HP, IBM, Dell, Sun and Microsoft, all of which have established local operations in Macau to tap into the opportunity presented by more than ten new casinos due to launch over the next three to five years.
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