Government to review gaming exploration in Macau this year

25 March 2015

The Macau Chief Executive, Chui Sai On, said Tuesday in the Legislative Assembly that the government will proceed in 2015 with an interim assessment of gaming exploration in Macau focused on eight aspects, according to the Government Information Bureau of the Macau Government.

Chui Sai On said the review would focus on the impact of gambling on the local economy, on the business environment for small and medium enterprises, society and people’s lives and also the effects of interconnection between the gaming and non-gaming sectors.

The Chief Executive also said the government would analyse how gaming contractors and sub-contractors have fulfilled contracts, their operation and management, under existing legislation for their activity in Macau, and even the social responsibility they have taken on.

Chui Sai On said that the gaming industry was currently in a phase of consolidation and adjustment and that in recent years the gap from gaming and non-gaming revenues had been closing.

“In 2014, gaming revenues totalled almost 360 billion patacas (US$45 billion) while revenues from non-gaming activities, including wholesale and retail, hotels and restaurants, construction and the financial sector, amounted to 190 billion patacas (US$33.75 billion),” according to the Government Information Bureau.

According to Macau’s Chief Executive the government has changed its projection for monthly revenues from gaming in 2015, down from 27.5 billion patacas (US$3.4 billion dollars) to 20 billion patacas (US$2.5 billion), which continues to leave Macau at the top of the list countries and regions within the gaming industry.

Chui Sai On also said the government’s priority was to seize opportunities to take part in regional cooperation, through the Guangdong free trade area, with a view to further integration into the regional economy, an important step for the future development of Macau. (macauhub/MO)