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Macau should adjust the ratio of contribution from gaming to the economy: Beijing

Newsdesk by Newsdesk
Mon 8 Mar 2021 at 04:03
IAG Spot Count: Macau satellite and 2nd tier casinos keep chugging along
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The National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC) National Committee began their annual national sessions in Beijing last week, where they promptly reminded Macau of the need to develop a diversified economy.

The Vice Premier of the State Council, Han Zheng, met with Macau’s NPC deputies in Beijing on Sunday, stating that Macau should adjust the ratio of revenues contributed by the gaming industry to Macau’s economy.

“However, it doesn’t mean we have to reduce the development of our gaming industries, but to reduce the proportion of gaming in our economy,” one of Macau’s NPC deputies, Kevin Ho King Lun, said of Han’s comments.

José Chui Sai Peng revealed that Han had also encouraged Macau to strengthen its connection and cooperation with Hengqin city in Zhuhai.

“Mr Han said the central government will soon launch a new plan to benefit the development of Macau and Hengqin,” Chui said.

Macau’s NPC deputies had asked Han during their meeting to consider relaunching travel package group between Macau and the mainland in order to further facilitate the recovery of Macau’s tourism industry.

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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