We expect the Galaxy Mega Resort in Cotai to open in May, which should bring in more options to the visitors in their selection of casinos, hotels, restaurants and entertainment. In addition, it is estimated that the Parcel 5 & 6 in the Cotai Strip will open at the end of this year or if not, by early next year.
Macau is considered the Las Vegas of the East, what will be the next step for your casino industry?
The current goal of the Macau Government is to stabilize the casino operations with the purpose to maintain an orderly and steady development in the industry.
What is the casino revenue that you have predicted for 2011?
It is estimated that the gross gaming revenue of 2011 will be increased by around 20%, compared with last year.
Are you planning to control growth? What measure will you appeal to achieve it?
For the next three years until 2013, the Macau Government will impose an upper limit of 5,500 on the gaming tables for sustaining a healthy development in the gaming industry. At the same time, the Macau Government will continue to encourage diversification in other economic sectors, such as in MICE and hospitality industry.
How do you plan to strengthen Macau’s regulation on the gaming industry?
To further strengthened our supervision on the gaming industry, on top of the existing gaming laws and regulations, such as the Credit Law, Junket Law and Anti-money laundering Law etc., several new gaming laws will also be launched in not a distant future, which include but not limited to provisions related to slot machine, responsible gaming, self exclusion program and minimum age to be in a casino etc..
What is the stage of the law that bans smoking? How it will impact on casinos?
As the anti-smoking law is under the drafting stage by the Macau Health Bureau that is still subject to amendment, we are unable to provide further comment on the impact on casinos until the law is being enacted.
Now Macau is the only place in China where casinos are legal, do you think that this situation could change anytime soon? Are others Chinese regions interested in ending its ban on casinos and follow Macau model?
The decision to whether other Chinese regions will be allowed to open casino will be subject to the strategic policy of the Central Government of China