{"id":88976,"date":"2018-09-25T15:00:48","date_gmt":"2018-09-25T22:00:48","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=88976"},"modified":"2018-09-25T08:57:45","modified_gmt":"2018-09-25T15:57:45","slug":"macau-government-conducting-interim-review-of-five-year-plan","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/","title":{"rendered":"Macau Government Conducting Interim Review of Five-Year Development Plan"},"content":{"rendered":"

The Macau government decided last week that it will conduct an interim review of the Special Administrative Region’s (SAR) current five-year development plan, with the goal of better preparing officials to formulate the enclave’s next economic scheme.<\/p>\n

\"Macau
Macau Chief Executive Fernando Chui Sai On will personally oversee a review of the enclave’s plan to grow its economy, which heavily relies on the gaming industry. (Image: Macau Business)<\/figcaption><\/figure>\n

Macau’s first Five-Year Development Plan was initiated in 2016 and runs through 2020. Among its goals are to grow the economy, improve quality of life and education, strengthen the government, better protect the environment, and increase the regulatory efficiency of the region’s tourism and leisure sectors.<\/p>\n

The Committee for Development of the World Centre of Tourism and Leisure will conduct the review. The committee is headed by Macau Chief Executive Fernando Chui Sai On.<\/p>\n

Macau Future<\/b><\/h2>\n

The richest gambling hub on planet Earth, Macau’s economy is rooted heavily on its gaming industry.<\/p>\n

The enclave’s six licensed casino operators will begin to see their concessions expire in 2020, with MGM China and SJM Holdings first up. Sands, Wynn, Galaxy Entertainment, and Melco Resorts’ permits are scheduled to terminate two years later in 2022.<\/p>\n

\n

Little is known as to what, if any, changes will come during the renewal process. SJM CEO Ambrose So, whose company held a monopoly on Macau gaming<\/a> for decades until commercial operators were welcomed in 2002, wants clarification.<\/p>\n<\/div>\n

Along with seeking a two-year extension to put all six companies in the same renewal time period, So said the Macau government should “put forward certain criteria in terms of renewal of the contracts.”<\/p>\n

Macau fell under the scrutiny of the People’s Republic of China when President Xi Jinping put junket groups, or VIP touring companies that transport wealthy mainlanders to the enclave to gamble on credit with, under his anti-corruption campaign.<\/p>\n

Moving forward, SAR officials want casinos to become less reliant on gambling. Macao Government Tourism Office Director Maria Helena de Senna Fernandes said in May at the G2E Asia conference that the goal is to get resorts to achieve 40 percent of their revenue from nongaming operations.<\/p>\n

Tourism & Leisure, Not Gaming, Hub<\/b><\/h2>\n

China’s crackdown on junkets led to gross gambling revenue falling from a record high of $45 billion in 2013, to $27.9 billion in 2016. In response, the multibillion-dollar integrated resorts began catering to more of the mass market. SAR officials want that to continue.<\/p>\n

\n

During his announcement of the original five-year development plan, Chui declared, “We will encourage gaming operators to engage more in large-scale tourism projects that will help diversify the sector by offering more leisure activities and non-gaming elements.”<\/p>\n<\/blockquote>\n

The mission is to turn Macau into a “World Center of Tourism and Leisure.”<\/p>\n

Many of Macau’s casino operators aren’t only focused on the future of the enclave. Japan recently legalized three commercial integrated casino resorts, and Melco, MGM, and Wynn are among those that have already submitted plans<\/a> for a development in Yokohama.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Macau government decided last week that it will conduct an interim review of the Special Administrative Region’s (SAR) current five-year development plan, with the goal of better preparing officials to formulate the enclave’s next economic scheme. Macau’s first Five-Year Development Plan was initiated in 2016 and runs through 2020. Among its goals are to […]<\/p>\n","protected":false},"author":25,"featured_media":88980,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,61,13592],"tags":[],"acf":[],"yoast_head":"\nMacau Government Conducting Interim Review of Five-Year Plan<\/title>\n<meta name=\"description\" content=\"The Macau government has announced an interim review of the enclave's five-year development plan, which began in 2016 and runs through 2020.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau Government Conducting Interim Review of Five-Year Plan\" \/>\n<meta property=\"og:description\" content=\"The Macau government has announced an interim review of the enclave's five-year development plan, which began in 2016 and runs through 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-25T22:00:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-25T15:57:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/05-Beijing-trip-160-1024x1024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"969\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/\",\"url\":\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/\",\"name\":\"Macau Government Conducting Interim Review of Five-Year Plan\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/05-Beijing-trip-160-1024x1024.jpg\",\"datePublished\":\"2018-09-25T22:00:48+00:00\",\"dateModified\":\"2018-09-25T15:57:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"The Macau government has announced an interim review of the enclave's five-year development plan, which began in 2016 and runs through 2020.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/05-Beijing-trip-160-1024x1024.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/05-Beijing-trip-160-1024x1024.jpg\",\"width\":1200,\"height\":969,\"caption\":\"Macau Chief Executive Fernando Chui Sai On will personally oversee a review of the enclave's plan to grow its economy, which heavily relies on the gaming industry. (Image: Macau Business)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulation\",\"item\":\"https:\/\/www.casino.org\/news\/regulation\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Macau Government Conducting Interim Review of Five-Year Development Plan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Macau Government Conducting Interim Review of Five-Year Plan","description":"The Macau government has announced an interim review of the enclave's five-year development plan, which began in 2016 and runs through 2020.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Macau Government Conducting Interim Review of Five-Year Plan","og_description":"The Macau government has announced an interim review of the enclave's five-year development plan, which began in 2016 and runs through 2020.","og_url":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-09-25T22:00:48+00:00","article_modified_time":"2018-09-25T15:57:45+00:00","og_image":[{"width":1200,"height":969,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/05-Beijing-trip-160-1024x1024.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/","url":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/","name":"Macau Government Conducting Interim Review of Five-Year Plan","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/05-Beijing-trip-160-1024x1024.jpg","datePublished":"2018-09-25T22:00:48+00:00","dateModified":"2018-09-25T15:57:45+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"The Macau government has announced an interim review of the enclave's five-year development plan, which began in 2016 and runs through 2020.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/05-Beijing-trip-160-1024x1024.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/05-Beijing-trip-160-1024x1024.jpg","width":1200,"height":969,"caption":"Macau Chief Executive Fernando Chui Sai On will personally oversee a review of the enclave's plan to grow its economy, which heavily relies on the gaming industry. (Image: Macau Business)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/macau-government-conducting-interim-review-of-five-year-plan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Regulation","item":"https:\/\/www.casino.org\/news\/regulation\/"},{"@type":"ListItem","position":3,"name":"Macau Government Conducting Interim Review of Five-Year Development Plan"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/88976"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=88976"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/88976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/88980"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=88976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=88976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=88976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}