May 29, 2014 Newsdesk Latest News, Macau, Top of the deck  
The Macau government will impose a freeze on new casinos after the current phase of expansion in Cotai is completed, Secretary for Economy and Finance Francis Tam Pak Yuen (pictured, centre) said on Thursday.
“After 2016 or 2017, there will be a seven to eight-year period without new properties,” Mr Tam said referring to casino projects. That would allow for some economic consolidation and for society to adapt to the new stage of development, the official told Macau’s Legislative Assembly.
There are currently seven new casino-resort venues under construction in Cotai, scheduled to open between 2015 and 2017.
Mr Tam, whose portfolio includes gaming, also told legislators that, as part of the casino concession renewal process, the government would demand operators “take on higher social responsibility”. He did not elaborate on what that could mean.
Mr Tam was answering questions from legislators on the impact of migrant workers in Macau.
The city had over 149,000 migrant workers in April, the latest official data available. The figure jumped by 50 percent over the past two years.
Casino operators cannot employ migrant workers as dealers. But these workers are widely used in a wide array of ancillary positions in casino resorts, from security to hotels to restaurants.
During Thursday’s assembly meeting, several legislators complained about the negative impact on housing rentals and public transportation spurred by migrant workers. Some legislators argued casino operators should build accommodation to lodge their migrant workers.
Apr 25, 2024
Apr 24, 2024
Apr 26, 2024
Apr 26, 2024
Apr 26, 2024
The Edge financial news outlet reported on Friday a statement on behalf of Malaysian businessman Vincent Tan of lottery specialist Berjaya Corp Bhd, describing as “inaccurate” reports of talks on...(Click here for more)
"With our ambition to be the leading gaming platform for the regulated online real money gaming industry, the addition of NeoGames to our team advances our strategy to build global scale and capability"
Trevor Croker
Chief executive of Aristocrat Leisure