Macau needs more than just casinos to drive its economy

IT looks like Macau's glory days of rampant VIP and premium mass gaming are over - at least for now. The former Portuguese enclave, the world's largest gambling hub and the only place in China where casino gaming is legal, has seen its fortunes take quite a tumble over the past few years.

Macau's gross gaming revenue for November fell 19.6 per cent year-on-year, with the 24.3 billion patacas (S$3.9 billion) earned the lowest monthly total since September…