Macau | Stable economy with upward trend for 2018 - Secretary for Economy

The Secretary for Economy and Finance, Lionel Leong Vai Tak, said he believed that the city's economy during the year of 2018 would be stable and likely to proceed in an upward trend on the premise that the world economy is stable, too

Macau (MNA) – The Secretary for Economy and Finance, Lionel Leong Vai Tak, said he believed that the city’s economy during the year of 2018 would be stable and likely to proceed in an upward trend on the premise that the world economy is stable, too.

Speaking on the sidelines of an event he attended on Friday, Mr. Leong reiterated that the performance of the city’s gaming revenue is highly influenced by peripheral factors such as the economy of major clients, world economy, and competition in gaming development of other regions.

The Secretary said further that he would refrain from speculating on projections of gaming revenue without the support of concrete data, claiming it could lead to unnecessary fluctuations in the market.

Regarding media enquiries about the number of gaming tables MGM will receive for its new property in Cotai, the Secretary replied that the Gaming Inspection and Co-ordination Bureau (DICJ) had received MGM’s application and has already completed its evaluation report.

The Secretary did not volunteer more specifics, saying that the evaluation result will be announced once the necessary procedures are completed.

In a recent story, Macau News Agency(MNA) reported that Deutsche Bank estimated that the new MGM property would receive some 150 tables.

[Edited by Sheyla Zandonai]

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