Secretary for Economy and Finance Lionel Leong Vai Tac said on Thursday he expected a report on the findings of a mid-term review on the city’s gaming industry to be released by the end of this year or early next year. The report will include an evaluation of how the city’s six gaming operators’ implemented […]
gaming industry
Scholars and gaming industry professionals warned the government against following in Atlantic City’s footsteps, urging it to foster economic diversification. A gaming forum was held by the Macau Polytechnic Institute (IPM) on its campus to discuss what Macau can learn from Las Vegas’s success and Atlantic City’s decline. IPM Gaming Teaching and Research Centre Prof. […]
Underdevelopment and lack of investment in the gaming industry’s sports betting sector is a missed opportunity “that the government seems in no hurry to fix,” according to a Forbes article. Currently there aren’t sports betting lounges in local casinos. The only sports betting operator in the SAR is Macau Slot, an affiliate of Stanley Ho’s […]
Secretary for Economy and Finance Lionel Leong Vai Tac said in a statement from Guangdong on Monday that the local government will continue looking into the case of a local VIP room employee suspected of embezzlement, pledging that the government will further improve its supervision of the city’s gaming sector considering its vital importance to […]
The Macau government recorded a fiscal surplus of 25.28 billion patacas in the first five months of this year, down by 54.9 percent year-on-year, according to the latest figures released by the Financial Services Bureau (DSF). Total public revenue in the five months stood at 46.42 billion patacas, down 33.8 percent year-on-year. This noticeable drop […]
Median monthly employment earnings in the gaming industry amounted to 16,000 patacas in the April-June employment survey released by the Statistics and Census Bureau (DSEC) Monday. The number of gaming industry workers rose by 5,500 in the first quarter to 80,100 in the second quarter, accounting for 20.9 percent of the city’s total employment. In […]