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Ambrose So praises Policy Address

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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.

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