JCM Fuzion

DICJ boss warns operators to continue diversification push

Wednesday, 17 May 2017 23:27
Visit us

Director of Macau’s Gaming and Inspection Coordination Bureau (DICJ), Paulo Martins Chan, has warned Macau’s concessionaires that the government will continue to keep a close eye on their diversification efforts, despite praising their performance so far.

Delivering the keynote address at G2E Asia on Wednesday, Mr Chan said it was vital to the “integrity and quality” of Macau’s gaming industry that the DICJ ensured the ongoing provision of non-gaming amenities.

“We will continue to monitor closely the ongoing operations of the different gaming operators and any changes to the external gaming environment,” he said.

“We are committed to promoting integrity and quality in gaming but also strengthening our regulatory oversight of the industry.

“By supporting more infrastructure which includes hotels, theme parks and shopping malls, Macau is positioned to attract a wider range of tourists.”

Mr Chan said Macau had come a long way over the past 12 months, overcoming 26 consecutive months of decline to now ride a wave of nine straight months of growth. And he credited the DICJ’s persistence in pushing for diversification for helping turn the industry’s fortunes around.

“When I was here in May last year, the Macau gaming sector was experiencing turbulence,” he said. “Gaming revenue had been declining … and Macau was facing competition from many gaming jurisdictions across the globe. Even with so many challenges, Macau had an opportunity for change and transformation.

“Thereafter Macau focused on optimising diversification by actively encouraging gaming operators to develop more non-gaming elements while promoting integrity and quality in the gaming industry. This would be the core quality that would distinguish the gaming sector in the marketplace and allow us to weather any storm that came along.

“A year has now passed and with joint collaboration and persistent effort by the Macau government and gaming operators, I can say that our persistence in promoting economic diversification is keeping Macau on the right track.”

Mr Chan said he believed Macau was now perfectly placed to capitalise on the completion of a number of key infrastructure projects.

“We believe that with the addition of several large-scale infrastructure projects such as the light rail, the Hong Kong-Zhuhai-Macau Bridge and the Cotai Ferry Terminal, along with the One Belt, One Road initiative in the Greater Bay Area, more tourists will visit Macau, further establishing Macau as the world center of tourism and leisure.”

What's new

Parisian, Marina Bay Sands lead Sands China’s 23% Q2 jump

Parisian, Marina Bay Sands lead Sands China’s 23% Q2 jump Sands China Ltd has reported net revenue of US$1.82 billion in 2Q17, an increase of 23% over the same period in 2016 thanks to the opening of Parisian Macao last September and a strong performance from Marina Bay Sands (MBS) in Singapore. Company income increased 37.6% to US$326 million for the qua... Wednesday, 26 July 2017 23:25

Smoking laws, construction mess keeping mass market away from Wynn Palace

Smoking laws, construction mess keeping mass market away from Wynn Palace Casino operator Wynn Resorts expects its flagship Macau property, Wynn Palace, to be “the biggest beneficiary” of new smoking laws that will see smoking banned from VIP gaming areas citywide from 1 January 2019, according to Wynn Macau President Ian Coughlan. Dissecting the company’s second q... Wednesday, 26 July 2017 22:35

India’s Delta Corp climbs ever higher as gaming profits soar

India’s Delta Corp climbs ever higher as gaming profits soar Indian gaming and hospitality leader Delta Corp saw its total income from operations climb 18.4% to Rs128.6 crore (US$23.8 million) in the three months to 30 June, led by strong growth in its casino gaming division. Segment revenue for gaming in 2Q17 reached Rs115.7 crore, up 20.2% year-on-year and... Wednesday, 26 July 2017 10:47

Sky City Entertainment confirms AU$330 million Adelaide casino upgrade

Sky City Entertainment confirms AU$330 million Adelaide casino upgrade Adelaide Casino will become the latest Australian property to be given a multi-million dollar facelift after owner Sky City Entertainment revealed it has signed a Development Agreement with the South Australian government. The AU$330 redevelopment, due for completion in 2020, will include an extra ... Wednesday, 26 July 2017 08:24

Current Issue

Shining Star- Matt Bekier

Shining Star- Matt Bekier When Matt Bekier was appointed CEO of Star growth expected when 2017 results are released later this year and entertainment Group – then known as echo entertainment – in 2014, the company was reeling from a 30.5% fall in profits, plunging share prices and ongoing public relations nightmares incl... Wednesday, 26 July 2017 08:08

Beating the odds, changing the game

Beating the odds, changing the game By Muhammad Cohen   With customers literally breaking down the doors at its May 2004 opening, Sands Macao demonstrated Macau’s untapped mass market potential. Thirty-eight months later, the Venetian Macao tapped that potential – and it was a gusher. The success of the Venetian, which instantl... Wednesday, 26 July 2017 07:54

View from the top

View from the top Inside Asian Gaming speaks to Aristocrat’s recently promoted CEO Trevor Croker about his first few months in the top job and his plans for maintaining the slots giant’s winning momentum.   Inside Asian Gaming: You’ve been CEO for a little over four months now. How have you found the role so... Wednesday, 26 July 2017 07:37

From Uber to Amazon

From Uber to Amazon By: Dr Peter T Treadway In his latest column for Inside Asian Gaming, Dr Peter T Treadway explains why regions like Macau and Hong Kong must support tech business as the way of the future.   Since issuing the last Dismal Optimist in May, tech stocks roared upward. That is until the afternoon of... Wednesday, 26 July 2017 07:19