The Macau Metro Monitor, April 6, 2011
MOTC HAMMERS OUT DETAILS OF GAMBLING Taiwan Today, China Daily
Taiwan's Ministry of Transportation and Communcations (MTC) unveiled its gaming bill recently. Here are some details:
- 2 gaming licenses with concession period of 30 yrs
- Gaming tax: 12-15%
- Residents subject to NT$2,000 entrance fee.
- Additional NT$8 BN tax revenue / year
The bill will be discussed in many public hearings in Kinmen, Matsu, and Penghu during April and May. It will undergo revisions before being submitted to Congress. The media believes legislative review may happen by year-end.
JOHN SHIGLEY NAMED PRESIDENT OF MGM GRAND HO TRAM macaubusiness.com
MGM Hospitality, a subsidiary of MGM Resorts International, and Asian Coast Development (Canada) Limited, have named John Shigley as MGM Grand Ho Tram's President and COO. Shigley has recently been supporting MGM Resorts International’s Asian gaming interests, primarily in Macau, while also serving as executive vice president of operations for MGM Grand Las Vegas.
SENTOSA'S INTEGRATED RESORTS FAIL TO INCREASE SINGAPORE'S Travel Daily UK
According to a poll taken by the Association of Singapore Attractions (ASA), 45% of Singapore's attractions had seen a decline in visitation in 2010, despite a 20% rise in visitors to Singapore. “Our inaugural survey revealed that while national tourist arrivals grew by one-fifth in 2010, its influence wasn’t evenly felt across Singapore attractions. We’ve also discovered that the IRs tend to benefit the attractions on Sentosa Island more so than any other location," said Kevin Cheong, Chairman of ASA.