Macau needs policy change to foster local talent: MGEMA

The Macau government needs to change its policies to nurture the local gambling equipment manufacturers, as it is losing a golden opportunity to develop the industry and create quality jobs for residents, the head of the industry association said. Macau Gaming Equipment Manufacturers’ Association chairman Jay Chun told AGB in an exclusive interview that he would like to see the current ban on revenue sharing between operators and gaming equipment suppliers amended to make it possible for smaller local suppliers to develop their products. At present, Administrative Regulation 26/2012 makes clear that gaming revenue sharing arrangements between a gaming concessionaire/sub-concessionaire and a gaming manufacturer are not allowed and may result in the revocation of the gaming manufacturer’s approval granted by the regulator, the DICJ. Chun, who is also the chairman of Paradise Entertainment, said the association has carried out research and found that if revenue sharing were allowed, for every two, or...

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