THE M3: EMPLOYMENT SURVEY, 2012 FORECAST, SJM THEME PARK

The Macau Metro Monitor, November 22, 2011

 

 

GOVT EXPECTS MOP85 BILLION IN DIRECT TAXES FROM GAMING IN 2012 Macau Business

The Macau government is expecting to rake in MOP85 billion (US$10.6 billion) in 2012 as revenue from direct taxes on gaming. Local officials say they are expecting the city’s casinos to post an average monthly gross gaming revenue of MOP20 billion for the year.  For 2012, the industry consensus is that the local casinos will post a year-on-year growth of 15 to 20%.  Estimated government expenditure for 2012 stands at MOP77.4 billion while revenue is projected to go up to a record MOP115.2 billion.

 

SJM HAS NO PLAN TO ABANDON PONTE 16 THEME PARK Jornal do Cidadao,

Angela Leong, Executive Director of SJM Holdings, stressed that the company had not abandoned the plan to construct the Ponte 16 theme park in the O Porto Interior area, which was announced in 2002.  She said the company could not get things done without support from the government and the public.

 

EMPLOYMENT SURVEY FOR THE 3RD QUARTER 2011 DSEC 

Total labor force was 344,000 in 3Q 2011, comprising 335,000 employed and 8,900 unemployed.  Analyzed by industry, 24.7% of the employed were engaging in Recreational, Cultural, Gaming & Other Services.