BUSINESS

Today’s Macau business news round-up

TAGs: China, Macau, slots, Statistics and Census Service, The Gaming Inspection and Coordination Bureau, World Famous Brands Assembly

MacauAfter over a year of preparation, Macau’s slot machines have been issued the first set of Macau-specific technical standards for electronic gaming machines by The Gaming Inspection and Coordination Bureau.

As GamingCompliance reported, the new rules come into effect on Friday and permit that “any electronic gaming machine [that] plays a game recognisable to be a simulation of a live casino game must have an identical RTP [return to player rate]”. The full rules will become available on the regulator’s website within the next few days.

 

Showing that Macau is a burgeoning city, a report by MacauBusiness reveals that a total of 3,405 new companies were incorporated in Macau last year – making a 13.8% year-on-year rise.

According to the Statistics and Census Service, the registered capital reached MOP983 million, up by a colossal 94.1%. The report demonstrated that most new incorporations were operating in wholesale and retail sectors (36%), with business services at 17% and real estate 13%.

 

In other Macau news, the city was recently chosen as one of the top-ten Chinese cities with strongest investment potential at the eighth annual World Famous Brands Assembly (WFBA) in Jakarta, Indonesia. As reported by the Macau Daily Times, the U.S.-China Economic Trade and Investment General Chamber of Commerce, the Europe-America-Asia Cooperation Union for Investment in Industry and Commerce, and the World Cities and World Business Research Association together released a list of the ‘2011 Top 50 Chinese Cities with Strongest Investment Potential’.

Along with nearby Guangdong cities Foshan, Dongguan and Zhongshan, Macau was crowned a new entry to the list, ranked eight in its potential to attract outside investors. Is there really no end to this city’s growth?

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com