Casino regulator to deliver keynote speech at MGS 2016

Director of the Macau Gaming Inspection and Coordination Bureau, Paulo Martins Chan, will be a keynote speaker at the MGS Entertainment Summit 2016.

The keynote speech, titled “Future Development of Macao’s Gaming Industry: Healthily and Orderly, with Integrity and Quality”, will be delivered on the first day of the three-day event.

In his speech, he will be sharing the Macao Special Administrative Region Government’s continuing efforts in helping the diversification of the gaming industry through policy-making, helping the SAR to gradually achieve its goal to be a “World Tourism and Leisure Centre”.

Mr. Chan adds that Macau’s gaming industry is currently undergoing an adjustment period and the SAR government is focusing more on how the industry can develop sustainably so that the local economy can remain strong and stable in times of challenges.

He adds that the DICJ will continue its effort in pushing forward a series of measures to help the industry enrich its offerings, as well as increase the proportion of non-gaming revenues as part of a gaming operator’s’ overall revenues.

He also adds that such policies will be carried out in accordance with the SAR government’s Five-Year Plan. The SAR’s master development plan for the year 2016 to 2020 sets out comprehensive targets for the city, focusing on citizen’s livelihood and Macao’s diversified economy.

In addition, the DICJ will continue revising legislations and regulations, introducing new technological standards so that the gaming industry can develop in a more regulated and stable manner, adds Mr. Chan.

Featuring more than 15 sessions, the summit will gather together representatives from the Chinese Government, major casino and entertainment operators in Macau, Las Vegas and around the world, cultural and service industry experts, legal and international advisors, and the world’s major investment houses to explore the new business landscape and the legislation, technological innovation and financial co-operation necessary to maximise the opportunities that lie ahead for the gaming and entertainment industry.