Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
Three Casino Giants Win Big as Macao Breaks Monopoly

Three casino companies won the Macao Special Administrative Region's bid for new casino licenses yesterday.

The winners include Stanley Ho's Macao Tourism and Amusement Company (STDM), Wynn Resorts (Macao) Ltd, a US-Macao joint venture, and Galaxy Casino Company Ltd, a Hong Kong-Macao joint venture.

The move puts an end to STDM's decades-long monopoly over the gambling market, and is widely seen as a bold decision by the government to upgrade the casino business and spur the economy in Asia's "Monte Carlo."

For the past few months, 18 casino companies that made it to the short list have undergone a fierce bidding process for the licenses.

Companies ranked fourth to sixth - MP Entertainment Company Ltd, a US-Macao joint venture; MGM Mirage Macao, a US-funded company; and Macao Star Ltd, a Malaysia-Macao joint venture - were also announced by Francis Tam Pak Yuen, secretary for economy and finance for Macao SAR.

They will serve as substitutes for the top three companies if something unexpected happens prior to finalization of agreements.

Tam said his committee made the decision based on the bidders' experience, adding that gambling will be the "dragon head" of the Macao economy.

A new Gaming Industrial Regime was passed by Macao's Legislative Assembly last August, stipulating that casinos should contribute to tourism and economic development and the social stability in Macao. The assembly also stipulated that gaming taxation should be 35 percent of their gross revenue and casino operators should be qualified, honest and responsible for their actions.

The move is meant to optimize the casino business and spur economic growth by putting an end to the monopoly over the market that gaming magnate Stanley Ho has held for decades.

The SAR government established the Tender Committee for Gaming Concession in late October 2001. A week later SAR Chief Executive Edmund Ho Hau Wah announced there would be no more than three winners. Twenty-one bids were accepted and three were stricken due to unqualified papers.

Gambling, a pillar sector in Macao, contributed nearly 30 percent of the area's gross domestic product (GDP) in 2000. Some 10,000 Macao residents are employed by the gambling industry.

Casinos have a history of more than 150 years in Macao.

(Xinhua News Agency February 9, 2002)


Outcome of Bidding for Casino Licenses in Macao
Deadline Set for Reshuffle of Bidders for New Casino Licenses in Macao
Macao SAR Government to Issue New Casino Licenses Soon
Error Occurs!
Macao Awaits Boom of Inland Tourists
"One Country, Two Systems" Has Great Vitality in Macao: Official
Macao's Economy to Grow Slightly This Year: Chief Executive
Macao to Benefit From Development of China's Inland: Chief Executive
Macao Receives Five Million Visitors in January-June
Macao Is Seeking More Tourists
Macao Receives 131,000 Group Tourists in April
Macao's Exports Down in January-April
Macao's Unemployment Rate Remains Stable
Macao's Economic Recovery to Bring More Jobs
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68996214/15/16
主站蜘蛛池模板: 91久久青青草原线免费| 午夜dj在线观看神马电影中文| 中国极品美軳免费观看| 最近中文字幕无吗免费高清| 北条麻妃一本到高清在线观看| 青草视频网站在线观看| 国内自产少妇自拍区免费| 久久久亚洲av波多野结衣| 激情综合色综合啪啪开心| 国产亚洲精品第一综合| 98久久人妻无码精品系列蜜桃| 日日噜噜夜夜爽爽| 亚洲日韩精品无码专区网址| 美女把尿口扒开让男人添| 国产精品h在线观看| 一区在线观看视频| 日韩在线小视频| 亚洲人成中文字幕在线观看| 窝窝午夜看片七次郎青草视频| 国产成人久久精品二区三区| aaa日本高清在线播放免费观看| 日本人与黑人videos系列| 亚洲成人一级电影| 粗壮挺进邻居人妻| 可以看的毛片网站| 欧美视频亚洲色图| 国产精品妇女一二三区| ww美色吧com| 日本中文在线观看| 亚洲av综合av一区| 特级毛片爽www免费版| 国产一区二区三区电影| fc2ppv在线观看| 天天爱天天做天天爽天天躁| 三个馊子伦着玩小说冫夏妙晴| 日韩爽爽视频爽爽| 亚洲91精品麻豆国产系列在线| 污黄视频在线看| 亚洲视频在线一区二区| 老司机带带我懂得视频| 国产成人无码AV一区二区|