• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau casinos’ trade with local SMEs worth US$88 mln

Nov 22, 2016 Newsdesk Latest News, Macau, Top of the deck  


Macau casinos’ trade with local SMEs worth US$88 mln

Macau’s six licensed casino operators have procured – since the beginning of 2016 – services and products from local small- and medium-sized enterprises (SMEs) worth about MOP700 million (US$87.5 million).

The figure was jointly provided by the Macao Chamber of Commerce and the city’s six casino operators during a recent meeting (pictured) they had with Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac. A government press release announced the figure, but did not mention the date of the meeting.

The Macao Chamber of Commerce in 2015 launched what it termed an SME procurement partnership programme in order to promote business-matching sessions between gaming operators and local suppliers.

The government release stated that more than 400 local SMEs had established business relationships with one or more Macau-based casino operators via the programme so far in 2016. The total value of the products and services acquired under this scheme since January by the six operators was worth approximately MOP700 million, according to the release.

In the Macau government’s policy address for 2017 – delivered last week – the city’s Chief Executive Fernando Chui Sai On said that the administration would continue to encourage the use by casino operators of more services and products from local SMEs.

The Macau government has stated previously that it would look into how each casino operator forms partnerships with local SMEs – among other factors – before deciding on new-to-market live gaming table allocation for each new gaming property launched.

In the meeting with the secretary, all parties agreed further to improve the procurement partnership programme and to provide more information to local SMEs involved, the government release said.


  • tweet
Related articles
  • Wynn and Melco also flag bonus for Macau staff
    Wynn and Melco also flag bonus for...

    Jan 19, 2021  

  • Casino op MGM China to pay most staff discretionary bonus
    Casino op MGM China to pay most staff...

    Jan 18, 2021  

More news
  • Face tech ATMs in mainland’s Zhuhai near Macau say reports
    Face tech ATMs in mainland’s Zhuhai...

    Jan 19, 2021  

  • Investors see 2H Macau gain, rebound 2022: Bernstein
    Investors see 2H Macau gain, rebound...

    Jan 19, 2021  


Latest News

Face tech ATMs in mainland’s Zhuhai near Macau say reports

Face tech ATMs in mainland’s Zhuhai near Macau say reports

Jan 19, 2021  

Bank automated teller machines (ATMs) with facial recognition technology have been installed since Monday in some places in the mainland China city of Zhuhai, next door to Macau, according to several...
Read More
Investors see 2H Macau gain, rebound 2022: Bernstein

Investors see 2H Macau gain, rebound 2022: Bernstein

Jan 19, 2021  

MBS ArtScience Museum to host Star Wars exhibition

MBS ArtScience Museum to host Star Wars exhibition

Jan 19, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"We forecast Grand Lisboa Palace will have EBITDA of HKD2.0 billion (US$260 million) with 330 tables by 2022, and HKD3.5 billion with 380 tables by 2023"

Credit rating agency Fitch Ratings




Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Police find US$11m of missed Landing cash, suspects soughtPolice find US$11m of missed Landing cash, suspects sought January 14, 2021
  • Still Asia focus for LVS post chairman death: BernsteinStill Asia focus for LVS post chairman death: Bernstein January 14, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Melco Resorts debt/EBITDA ratio to worsen in 2021: Moody’sMelco Resorts debt/EBITDA ratio to worsen in 2021: Moody’s January 14, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us