THE M3: ANGELA LEONG COMMENTS; GOLDEN WEEK; NON-GAMING

The Macau Metro Monitor, October 6, 2011

 

 

SJM CALLS FOR RELAXATION ON IMPORTED LABORS Jornal do Cidadao

Angela Leong, Managing Director of SJM Holdings suggested that the Macau government should relax labor controls for service, hotel and retail industries to facilitate the gaming sector to employ more local talents, and to introduce sound labor policies and organize training for locals to support Macau’s future development.  She added that the lift of casino entry age to 21 will forbid some young people from working in casinos, which might be unfair to them.

 

In response to reports that Stanley Ho has sold all his stakes in SJM Holdings, Angela Leong said she often increased stakes in SJM, reflecting her confidence in the gaming operator and the industry. She revealed that SJM is waiting for the government's approval of its Cotai project and she expects the construction of the project to start next year.

 

GOLDEN WEEK HOLIDAY ATTRACTS FEWER TOUR GROUPS Macau Daily News

Tourist industry insider says fewer tour groups visited Macau during National Day holiday as compared with last year due to expensive hotel rooms and higher costs of tour groups.  The cost of traveling to Macau has increased.

 

NUMBER OF MAINLAND TOURIST ARRIVALS IN GOLDEN WEEK Macau Daily News

Over 130,000 mainland tourists border crossing were recorded by the Zhuhai authority at three ports at the Zhuhai‐Macau border on the third day of the National Day holidays.  Over 420,000 mainland tourists were on vacation in Macau in the first three days of the Golden Week holiday. 

 

ALLOCATION OF GAMING TABLES BASED ON NON-GAMING ELEMENTS Macau Daily News

Secretary Tam says that the government will use gaming table quota as an incentive to encourage casino operators to add non‐gaming elements. The proportion of non‐gaming elements will be taken into account when deciding the future distribution of gaming tables.