The Macau SAR government intends to increase the proportion represented by the mass market in the gaming industry, strictly control the increase in gaming tables, and continue promoting the development of non-gaming elements, the draft plan for the city’s second Five-Year Development Plan indicates.
The Five-Year Development Plan draft plan was released yesterday for public consultation, with the policy plan to determine the path of socio-economic development of the Macao SAR the Government’s priority work for the next five years.
According to data published by the Gaming Inspection and Co-ordination Bureau (DICJ) last week, VIP results – represented by VIP baccarat – for April to June amounted to MOP8.5 billion or 33.5 per cent of total gaming make-up.
During the same period, mass casino market results accounted for about 66.5 per cent of the total casino gaming results in the second quarter of this year or MOP16.8 billion.
“We will adequately accomplish the works on the new tender for the award of new gaming concessions, increase the competitiveness of Macau’s gaming sector internationally; strengthen the work of inspection and law enforcement and perfect the structure of this sector,’ authorities say in the document.
‘We will continue to encourage game operators to promote responsible gaming, it will be maintained the important role of gaming operators as a locomotive in the local economic cycle, to encourage the development of other sectors, thus reinforcing the synergistic effect between the gaming sector and local SMEs’
Secretary for Economy and Finance Lei Wai Nong indicated today (Tuesday) that the gaming sector currently represents 55.5 per cent of GDP and 80 per cent of the SAR’s revenues, with authorities intended on reducing the dependence on the local economy in the sector.
The 5-Year Plan public consultation will last until November 13.