THE MACAU METRO MONITOR, NOVEMBER 18, 2013
ABE ALLIES DIVIDED ON SENDING CASINO BILL TO DIET THIS YEAR Bloomberg
“I don’t necessarily think we will reach consensus on submitting the bill to the current session and moving forward with it in the limited time we have,” Natsuo Yamaguchi, leader of the New Komeito party, said. A cross-party group of lawmakers has said it is preparing to submit the casino legalization bill to parliament in the current session, ending on Dec. 6.
Yamaguchi said the public lacked “full understanding” of the casino issue and said there were potential drawbacks, such as the effect on young people. If the bill is not submitted now, it would have to wait for the next parliamentary session starting in January.
MASS GAMING REVENUE GROWTH EXPECTS TO OUTPERFORM VIP BUSINESS Macau Daily News
Some operators of VIP business projected that gaming revenue for next year will continue to grow, especially for the mass market. It is expected that mass market’s revenue growth will outperform that of VIP rooms. Alvin Chau, CEO and director of Suncity Group, projected the revenue growth in the mass market will maintain an uptrend next year with the increasing purchasing power of Mainlanders and more Mainland cities will be included in the Individual Visit Scheme. He added that revenue growth in VIP business will narrow next year as it has already stood at a high level.
