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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

Less professionals applying for residency


Posted: 3/25/2011 3:58:51 PM
Rating:     100% (1 votes)
  

Last year, the Macau Trade and Investment Promotion Institute (IPIM) received a total of 542 applications for temporary residency for managerial personnel, technical and professional qualification holders, a decrease of 211 compared with 2009.

On the other hand, there was a slight increase in temporary residency applications for major investment and major investment plans to 36 from 31 in 2009.

Approved cases for managerial personnel, technical and professional qualification holders amounted to 538 in 2010, a year-on-year decrease of 11.

Approved applications for major investment and major investment plans totalled 22, an increase of 5 compared with last year.

As for temporary residency applications for fixed asset purchases, they have been suspended since April 2007. However, some applications lodged before the closing date of the policy are still being processed. Therefore, there were 173 approved cases in 2010.



Other Macau Latest News

TransAct appoints new sales manager for Asia

Rashid Suliman will be responsible for the sales of the company’s products in Macau

Venetian hosts Ice World

The exhibit will last until September 16

Melco Crown to participate in Dragon Boat races

Around 50 Melco Crown employees have joined forces to form two teams

Bank tellers with two-digit salary growth

Wage increases outpace the inflation rate
Headlines

Final review on rules for smoking areas inside casinos

Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive

The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

Sands China renews Edward Tracy’s contract

The company’s president and CEO has had his contract extended until August next year

Studio City to receive casino approval “soon”: report

Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports

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4. May ‘critical’ for assessing Macau gaming industry
5. Steve Wynn explains Tien Chiao deal
 
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