GGRAsia – MGS a one-stop shop for casino biz: Jay Chun

MGS a one-stop shop for casino biz: Jay Chun

Nov 17, 2015 Newsdesk Updates – Macao Gaming Show 2015

One of the organisers of the Macao Gaming Show says the aim is to make the event a “one-stop shop” for information about the global gaming industry.

Jay Chun (pictured), chairman of the Macau Gaming Equipment Manufacturers Association, told GGRAsia: “This year’s show is even bigger than before and we are not only focusing on Macau and Asia. We want to be a one-stop shop for information about the integrated resort industry.”

The trade exhibition and conference starts its 2015 edition on Tuesday at Cotai Expo at the Venetian Macao.

Mr Chun said one of the special features of this year’s conference – the Macao Tourism and Culture Summit 2015 with Gaming Topics – was an entire morning devoted to explaining how China government policy relates to the local and regional tourism industry.

A number of investment analysts have recently mentioned that Chinese public policy on a range of topics – including the value of the country’s currency, the renminbi – can have an impact not only on the Macau gaming industry but globally on the casino sector, given the potential spending power of China’s rich and the country’s rising middle class.

The panel on the morning of day one – about how Macau’s tourism development relates to Chinese central government policy – will also discuss the “One Belt, One Road” initiative of President Xi Jinping. The initiative aims to connect better the economies and enhance trade across Asia, the Middle East, Europe and Africa.

“The first half of the day for the Summit on Monday will be talking about state policy,” said Mr Chun.

“Then in the afternoon we will be looking in depth at the lottery, a major industry that is legal in China, and – also later in the afternoon session – at the casino gaming equipment industry,” added the association’s boss. He is also chairman of casino gaming equipment maker Paradise Entertainment Ltd.

Mr Chun added: “All the preparations for the show have been very smooth, and I think we will be even more successful than last year.”