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Unlike his predecessors, Ho has no direct ties to the gaming industry, but has been a close ally of Beijing’s for many years. He’s expected to embrace steps that reduce the enclave’s dependency on casino taxes, which currently account for 90 percent of Macau’s budget.<\/p>\n<\/div>\n
The International Monetary Fund and Macau Liaison Office Director Fu Ziying are both encouraging the enclave government to offer incentives that entice the casino operators to invest in non-gaming projects.<\/p>\n
One area being focused on is the nearby Hengqin Island. Three times larger than Macau in terms of land size and\u00a0easily accessible via the six-lane Lotus Bridge, Hengqin could become the convention and meetings epicenter of the region.<\/p>\n","protected":false},"excerpt":{"rendered":"
The 20th Macau anniversary celebration this December to commemorate the enclave’s return to China could impede general tourism and subsequently hurt casino revenues. Comments this week from MGM China CEO Grant Bowie relayed by Asian gaming media outlet GGRAsia reveal the executive believes the festivities and the numerous activities planned around the region could tie […]<\/p>\n","protected":false},"author":25,"featured_media":114652,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[],"acf":[],"yoast_head":"\n
Macau Anniversary Celebration Could Inhibit Casino Win<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n