Lionel Leong: more concerned about the general market performance

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In the wake of the announcement that the city’s February gross gaming revenue achieved its largest growth in the past two years, the Secretary for Economy and Finance, Lionel Leong remarked that the government is more concerned about the city’s general market performance.
The local gaming industry registered a 17.8 per cent year-on-year increase in total gross revenue for the month of February, amounting to MOP22.99 billion (US$2.87 billion), official data from the Gaming Inspection and Co-ordination Bureau (DICJ) revealed.
During his visit to Beijing for the 2017 National People’s Congress, the Secretary said that more attention is being placed on whether local SMEs (small and medium size enterprises) were benefitting from the change in visitor numbers and their consumption patterns, in particular after the peak of the Chinese New Year holiday.
According to local broadcaster TDM Radio News, the Secretary indicated that the adjustment of the Chinese Yuan has not had a significant impact on visitor consumption, affirming that the city continued to be an attractive integrated tourism destination.
Regarding the performance of the gaming sector, Secretary Leong said it is necessary to study the performance on a quarterly basis to have a clearer picture, noting that different holidays attract different visitors.
Meanwhile, the government is gathering opinions from different segments in order to discern the international competitiveness of the local gaming sector, said the Secretary.
He also questioned whether launching new properties or facilities by gaming operators is the best way to strengthen competiveness and attractiveness, putting forward the idea that different ideas, rather than establishing new facilities, could be preferable in order to boost the city’s competiveness.

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