- The Lobby
- Extra Times
Ambrose So praises Policy Address
SJM Holdings’ chief executive officer Ambrose So said yesterday that the 2011 Policy Address has sufficiently touched on the control of the gaming industry’s development, Radio Macau reported.
Secretary for Economy and Finance Francis Tam Pak Yuen has announced that the gaming tables in Macau will be capped at 5,500 until 2013, and only an annual growth of three to five percent will be allowed thereafter.
So said the restriction will not affect the business expansion plans of various gaming operators.
According to the executive, each gaming table in Macau currently serves no more than 50 patrons per day, indicating a “certain distance” when compared to the early period of the market liberalisation where nearly 100 patrons were recorded, Radio Macau reported.
Hence, So said he believed the six gaming operators are able to “better allocate the gaming tables” for the benefits of operations.
Responsible Right of Expression — In the interest of freedom of expression, coupled with a true sense of responsibility to encourage community dialogue, the Macau Daily Times offers its readers the opportunity to express their opinions on new-related matters through this website. All opinions are welcome. However, we reserve the right to remove comments that are deemed to be obscene, or are merely insults written under the cloak of anonymity. MDT
- Residents less than satisfied with environment
- Boxing ‘Featherweight Fury’ hits Macau with three world title fights
- MSAR asks Beijing for territorial waters and land from Hengqin
- AS REPORTED BY MDT: Neptune owner’s wife detained following tightened grip on junkets
- IFT and Dusit Thani College partner to organize exchange program
- Gov’t to launch guidelines for water supply in residential buildings
- CE ELECTIONS: Electoral College voting procedure to take place across five locations
- BRIEFS: Concrete falls on Rua do Campo, one injured
- GAMING: Average daily run up 15 pct last week
- Increasing household income and the vanishing smiles
- France meets Asia in Justin Quek’s kitchen
- KW Director calls for universal healthcare insurance
- Australia continues to supply dogs to Macau Canidrome despite country ban
- BRIEFS: CE to answer questions in AL today
- Hac Sa Beach Labor Day Concert expects 10,000 attendees