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Positive outlook prevails

Speaking on the sidelines of the G2E Asia at The Venetian, the Deputy Chairman of casino operator Galaxy Entertainment Group Ltd., Francis Lui Yiu Tung, remarked that it is not currently a prominent matter to discuss the city’s gaming taxes, given Macau’s gaming industry is demonstrating positive growth, local Chinese newspaper Macao Daily reported. Nevertheless, […]

Speaking on the sidelines of the G2E Asia at The Venetian, the Deputy Chairman of casino operator Galaxy Entertainment Group Ltd., Francis Lui Yiu Tung, remarked that it is not currently a prominent matter to discuss the city’s gaming taxes, given Macau’s gaming industry is demonstrating positive growth, local Chinese newspaper Macao Daily reported.
Nevertheless, Lui is aware of the growing competitiveness of neighbouring regions, saying he is preparing for the future in order to maintain the property’s competitiveness.
With regard to non-gaming development, he commented that the local government should introduce workers that are engaged in the development of innovative and entertaining industries.

Free Yacht Scheme slated for June launch
Meanwhile, the Director of the Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, who also attended G2E Asia yesterday, said that the Free Yacht Scheme will be fully established in June, local broadcaster TDM Chinese Radio reported.
Given the significant increase in the number of tourists recorded during the Labour Day holiday, the MGTO Director said the city is anticipating 5 per cent growth in the number of tourists visiting the city this year.
Regarding the discovery of Legionnaires’ disease bacteria in The Parisian Macao, Fernandes said MGTO has been in close contact with the Health Bureau for exchange of the latest information; she also hopes that the hotel operator can ensure the implementation of full precautionary actions.
When asked about the Beijing Imperial Palace Hotel owing affected parties MOP99 million (US$12.35 million), Fernandes explained that the case can only be resolved by legal approach since it involves the recovery of debts. As such, MGTO is not able to act further.

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