Mercado Turístico De Macau Nos Últimos 10 Anos António R

Total Page:16

File Type:pdf, Size:1020Kb

Mercado Turístico De Macau Nos Últimos 10 Anos António R * Parte do conteúdo deste texto baseia-se num inédito do autor, intitulado “The Practice of Central Banking in Macao”, cujo esboço agradecimento. ** Economista, Doutor na Economia e nas Finanças pela Universidade de Hong Kong, Mestre na Economia pela University of Warwick, Inglaterra. Administração n.º 84, vol. XXII, 2009-2.º, 405-421 405 Mercado turístico de Macau nos últimos 10 anos António R. J. Monteiro* I. Introdução Macau passou a ser considerada como uma Região Administrativa Especial da República Popular da China, em 1999. O território, com uma identidade histórica-cultural única, e pequeno geograficamente, apostou seriamente na estratégia de desenvolvimento turístico, nos úl- timos 10 anos, por forma a promover o turismo através da inserção de capitais no desenvolvimento e na construção de novos hotéis ou resorts, com capacidade para incluir espaços na prática do turismo de negócios (MICE), assim como Casinos e na remodelação de infra-estruturas dos patrimónios arquitectónico e histórico existentes, cativando desta forma a chegada de turistas e visitantes, nomeadamente provenientes da Chi- na Continental, Hong Kong e outros países asiáticos. Os mercados têm abrangido igualmente Europa e os Estados Unidos, bem como aproveita- do para fortalecer as relações sócio-económicas com os países lusófonos, tais como Portugal, Angola, Brasil, Cabo Verde, algumas cidades lusófo- nas da Índia e Timor. O Turismo de Macau tem efectuado grande esforço para imple- mentar a prática do turismo de negócios e com a presença dos visitantes, aproveitar a sua estadia para promover o turismo local, de modo a que os turistas consumam os produtos turísticos. Aproveitando o seu status, com a prática da política “Um País, Dois Sistemas”, uma vez estabelecida como região administrativa especial, tal como a sua vizinha Hong Kong, desde 2002 Macau tem vindo a crescer fortemente, assistindo-se a um boom turístico e económico, desde que foi aprovada a política da liberali- zação do Jogo (Macau goza, desde 1874, da legalização dos jogos de for- tuna e azar), para o que muito contribuiu a liberalização da entrada, por vistos, dos chineses da República Popular da China. Gozando deste estatuto, e com o aumento de fluxo de capitais, com as receitas relativamente elevadas do sector do Jogo e devido ao esforço * Licenciado pela Universidade Lusófona de Humanidades e Tecnologias de Lisboa. 07-Mercado turistico�...(405-422).indd 405 2009/10/15 11:36:19 AM 406 do turismo local, nomeadamente na prática de MICE, têm vindo a ser satisfeitas as metas e alcançados os objectivos do território, assim como os residentes e os visitantes têm vindo a sentir uma imagem diferente de Macau, numa perspectiva de satisfação significativa. De acordo com os dados existentes na Página Electrónica da Indús- tria Turística de Macau, do organismo governamental do turismo local, em 2003 Macau recebeu 23.167 participantes em 239 eventos realizados nesse ano e o crescimento deste número foi-se verificando gradualmente em 2007, com 117.860 participantes em 391 eventos realizados nesse ano. Por outro lado, o turismo local tem vindo a estimular as relações com as companhias aéreas, apostando na estratégia de pacotes de voos de baixo custo, traçando o caminho para o aumento gradual das visitas dos turistas do mercado asiático e australiano, através da criação da compa- nhia aérea low cost, Viva Macau, e na possibilidade de estreitar relações contínuas com o continente europeu para possíveis rotas aéreas, nomea- damente com a capital portuguesa, Lisboa. “Macau tem desfrutado de um constante crescimento do seu merca- do de turismo interno desde 1998, mas o desempenho de 2003 foi qua- se inteiramente devido a uma vaga de visitantes da China continental, resultante de uma flexibilização das restrições de viagens para residen- tes do continente provenientes de cidades seleccionadas na China (…). Esta tendência deverá manter-se num futuro próximo com a continuação da urbanização da China, aumentando a afluência da população chinesa e um melhor acesso, devido à flexibilização de vistos”1. II. O impacto dos jogos dos casinos em Macau e a posição do turismo Macau é conhecida como o centro de jogo na Ásia, possuindo numerosos casinos, pertencentes aos titulares de seis concessões e sub- concessões de jogo atribuídas pela Região Administrativa Especial de Macau, após a reforma de sector introduzida a partir dos anos de 2001 e 2002. 1 Scott Hetherington , Director-Gestor, Ásia Jones Lang LaSalle Hotels, in http://www.4hoteliers.com/4hots_nshw.php?mwi=1376 07-Mercado turistico�...(405-422).indd 406 2009/10/15 11:36:19 AM 407 Macau, desde então, entrou numa fase de transformações impres- sionantes. A sociedade e a economia, através da “consolidação de bases e desenvolvimento firme”, política levada a cabo após a reintegração na República Popular da China, principalmente com a liberalização da in- dústria dos jogos, em 2002, experimentou um desenvolvimento enorme nos últimos anos. Como resultado, tem registado um rápido crescimento económico, um aumento explosivo das receitas financeiras, um aumento constante do salário médio, assim como um decréscimo da taxa de de- semprego e mudanças sociais significativas, factos destacados pelos media dos diferentes continentes. Este rápido crescimento do investimento privado e público e os re- sultados alcançados pelo sector do turismo, incluindo o jogo, constituem aumentos do PIB e do PIB per capita. Fonte: Direcção dos Serviços de Estatística e Censos. Segundo dados estatísticos fornecidos pela Direcção dos Serviços de Estatística e Censos de Macau, 2004 foi o ano de maior crescimento do PIB – ano da inauguração do primeiro Casino ao estilo de Las Vegas, o Sands, competindo com o rival Hotel e Casino Lisboa do magnata de Hong Kong, Stanley Ho, que estabeleceu um marco histórico, principal- mente com a chegar de inúmeros visitantes provenientes da China Con- tinental para assistirem à inauguração e entrada no Casino. Os próximos anos, com o dono da Sands Corporation a implementar projectos na a zona do COTAI, zona dos aterros ligando as ilhas da Taipa e de Coloane, irão registar novas evoluções já em 2007 com a inauguração do Venetian Macao Resort Hotel, Four Seasons Hotel e na península de Macau com o 07-Mercado turistico�...(405-422).indd 407 2009/10/15 11:36:19 AM 408 MGM Grand Macau. Stanley Ho, responde também à concorrência com o Grand Lisboa Casino e Hotel, assim se posicionando no competitivo mercado macaense. “No 3.º trimestre do corrente ano, assinalou-se um abrandamento no crescimento das receitas totais do jogo (excluídas as gorjetas). Embora estas receitas subissem 27,6%, em termos nominais, face ao idêntico trimestre de 2007, o aumento foi inferior aos observados no 1º trimestre (61,8%) e no 2.º trimestre (47,6%) de 2008. As despesas dos visitantes (excluído o jogo) apenas cresceram 4,2%, ao passo que a formação bruta de capital fixo (FBCF) diminuiu 25,2%, graças aos decréscimos registados no investimento em cons- trução e em equipamento. As exportações de mercadorias também caíram substancialmente 26,5%. Analisando os dados acima mencionados, o PIB observou um crescimento de 11,3%, em termos reais, no 3.º trimestre deste ano. O acréscimo do PIB foi revisto: de 31,6% no 1.º trimestre para 32,3% e de 21,1% no 2.º trimestre para 22,2%; porém, o crescimento do PIB em 2 2007 foi ajustado para baixo, de 27,3% para 25,6%. ” O recente empenho demonstrado pelo Governo tem-se revelado mais atento às mudanças económicas, sociais e urbanas, com a intro- dução da referida liberalização parcial da indústria do Jogo. Contudo, o recente comportamento da economia, só beneficia aqueles que estão mais directamente ligados aos casinos e actividades complementares, não se traduzindo em claros benefícios económicos para outros sectores da eco- nomia e para o resto da população. Ao mesmo tempo, alguns problemas e contradições emergem, no que respeita à estrutura económica e relações sociais - o jogo tem de facto causado um grande impacto na sociedade. Martin Chung, da Macau Industrial Evangelistic Fellowship, referiu ao Jornal Tribuna de Macau, do dia 9 de Maio que “(…) os trabalhadores da administração pública, mesmo estando proibidos de frequentar casi- nos, acabam por se tornar jogadores compulsivos”3; o vício pelo jogo po- derá tornar os funcionários públicos mais vulneráveis à corrupção; dados 2 Direcção dos Serviços de Estatística e Censos da RAEM (DSEC), in http://www.dsec. gov.mo/getAttachment/8df4f941-3de8-4380-9ec5-8d602f8f1736/P_PIB_FR_2008_ Q3.aspx 3 “Vício no jogo torna funcionários públicos mais vulneráveis à corrupção”, Jornal Tribuna de Macau, 9 de Maio de 2007, in http://www.jtm.com.mo/view.asp?dT=245003003. 07-Mercado turistico�...(405-422).indd 408 2009/10/15 11:36:19 AM 409 revelados demonstram que os funcionários públicos representam um em cada dez jogadores compulsivos nos últimos quatro anos; é pois um pro- blema que pode causar grandes impactos na sociedade, algo preocupante, uma vez que o jogo pode ter uma relação próxima com a corrupção. Por outro lado, a imagem cultural de Macau, como cidade de jogo, está enraizada na mente das pessoas, devido à excessiva dependência do jogo. Quando falamos em publicitar e promover o turismo, devemos ter em conta a tendência de não promover uma imagem de cidade do jogo; aliás, o organismo do turismo local tem evitado, esforçando-se mais na divulgação da herança cultural do território com relevância, uma vez que Macau se encontra inserido no Património Mundial. Wu Zhiliang, membro do Conselho de Administração da Fundação de Macau, num seminário decorrido em Macau, sublinhou que “considera necessária também uma maior promoção de Macau como uma cidade detentora de um importante património histórico e não apenas como mero centro 4 de jogo” . A verdade, porém, é que houve muitas novas oportunidades de emprego, o que permitiu que indivíduos de baixa habilitação tivessem mais saídas e opções na escolha de emprego; para além disso houve um aumento das receitas fiscais do governo e daí ter havido aumentos sala- riais dos funcionário públicos e desenvolvimento dos sectores envolventes nesta área como turismo, hotelaria e área para a realização de eventos.
Recommended publications
  • Casino Boss Francis Lui Won Big in Macau, but His Next
    IT DIDN’T QUITE WORK OUT THAT WAY. A partnership with an American casino operator fi zzled, so after running a couple of card clubs in other peo- ple’s hotels, his family’s irm, Galaxy Entertainment Group, built one of Macau’s new glittering casinos BY RUSSELL PEARLMAN in 2006. That and building two other incredibly successful casinos in Macau transformed Lui, 62, from the ambitious son of a wealthy Hong Kong con- struction magnate into one of the world’s richest men. In turn, Lui helped transform Macau—which over the past several hundred years has been, in turn, a waystation for refugees fl eeing the Mongols, a bustling Portuguese-run trading colony, a haven for CASINO BOSS early-20th-century gangsters and a neutral port in the storm of World War II—into its latest incarnation: the world’s biggest betting parlor. Gamblers drop more than FRANCIS LUI WON BIG $28 billion a year betting at Macau’s casinos. Las Vegas doesn’t even get one-quarter of that. But instead of sitting back and enjoying Macau’s current form, he’s at the forefront of trying to reinvent the area yet IN MACAU, BUT HIS again. He’s making a multibillion-dollar bet that Macau’s next reinvention won’t involve much gambling at all. Over the next few years, Galaxy wants to add NEXT BET BARELY 10.7 million square feet of space to its existing Galaxy Macau resort, nearly doubling its size. It potentially will include a convention center, a concert venue with INVOLVES GAMBLING.
    [Show full text]
  • 澳 門 博 彩 控 股 有 限 公 司 SJM Holdings Limited
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 澳門博彩控股有限公司 SJM Holdings Limited (incorporated in Hong Kong with limited liability under the Companies Ordinance) Stock Code: 880 ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2008 The board of directors (the “Board”) of SJM Holdings Limited (the “Company”) is pleased to announce the audited consolidated annual results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 December 2008 as follows. GROUP RESULTS The Group’s audited profi t attributable to equity holders of the Company for the year ended 31 December 2008 amounted to HK$796.1 million, a decrease of approximately 48.1% from 2007 profi t of HK$1,533.5 million. Basic earnings per share were HK18.4 cents (2007: HK40.9 cents). DIVIDEND A fi nal dividend of HK6.0 cents (2007: not applicable) per share has been proposed by the Board and is subject to approval by the shareholders of the Company in the coming annual general meeting. 1 CONSOLIDATED INCOME STATEMENT For the year ended 31 December 2008 2008 2007 NOTES HK$ HK$ (in millions) (in millions) Gaming revenue 5 27,992.4 32,146.6 Special gaming tax, special levy and gaming premium (10,915.0) (12,497.6) 17,077.4 19,649.0 Hotel,
    [Show full text]
  • Downloads,” the Report Noted
    January 2006 January 2006 Going With the Gaming Flow Page 9 ~ Tour of the Contenders to Macau’s gaming crown Page 14 ~ Sure Bets 9on Macau gaming stocks? Page 17 ~ SJM’s14 Home Court Advantage Page 21 ~ Gaming’s17 A Bit Fishy in Japan Page 26 ~ Las21 Vegas in Europe? Page 29 ~ Las Vegas Sands26 to build Cotai’s Island Annex Page 30 ~ CLSA’s Aaron Fischer looks29 at The Other Side of the Revenue Race Page 3230 ~ Regional Briefs Page 35 ~ That’s Entertainment? Our casino marketing32 guru takes a stab at Macau’s casino entertainment offerings Page 38 ~ International35 Briefs Page 40 ~ Las Vegas Style38 Recruitment at Wynn Macau 40 Editorial What Lies Beyond the Tables? When Cirque du Soleil performed in Hong Kong at the end of last year, there weren’t too many doddery old Chinese ladies in fading blouses and US$1 slippers in the audience. Such ladies are regular fi xtures at Macau’s casinos, and you’ll often spot them hobbling up to the cashier to buy US$25,000 worth of chips. Somehow, the gambling grannies never seem to get mugged on their way home. When you’ve got a proven market, providing the best offering can prove profi table. It’s no surprise that the Las Vegas-style Sands Macau has proved a hit since opening in May 2004. Its 50-foot ceilings and plush interiors offered a more comfortable gambling environment than those of the erstwhile monopoly casino operator, Stanley Ho’s STDM. In this issue of Inside Asian Gaming, Stanley Ho’s right-hand man, Ambrose So, admits that his company’s fl agship Casino Lisboa, which was built in the 60s, obviously falls behind in terms of “hardware.” STDM’s gaming subsidiary, SJM, is busy carrying out renovations and building new facilities to keep up with Macau’s new foreign casino operators.
    [Show full text]
  • Grand Lisboa Palace Resort Macau Unveils the First Phase of Enticing Dining Options
    Press Release Grand Lisboa Palace Resort Macau Unveils the First Phase of Enticing Dining Options Reinforcing SJM’s culinary leadership with unrivalled food and beverage offerings An impeccable line-up of first-to-Macau and trendsetting self-established brands (Macau, 15 July 2021) Grand Lisboa Palace Resort Macau, the new integrated resort soon to be launched by SJM Resorts, S.A. (“SJM”) in Cotai, is bringing to Macau a variety of enticing dining options to delight both locals and visitors alike. Setting off the gastronomic journey upon opening are The Grand Buffet, the returning legendary buffet restaurant in Macau; Mesa, a contemporary Portuguese restaurant featuring bold design with oriental inspiration; Chalou, a classic tea house designed by celebrated Hong Kong designer Alan Chan; Wulao, the highly sought-after Taiwanese hotpot restaurant, in addition to casual dining options namely GLP Café, Eight Treasures and GLP Lobby Lounge. Other highly-anticipated dining options will be launched progressively over the coming 12 months to offer more sensational epicurean delights, such as Italian fine-dining brought by a world-renowned Michelin-starred restaurant concept from Italy, Japanese Kappo cuisine presented by a Michelin-starred chef, a haute Cantonese restaurant designed by Alan Chan and a microbrewery featuring authentic Bavarian beer, just to name a few. Ms. Daisy Ho, Chairman of the Board of Directors of SJM, said, “While SJM’s top-tier position in Macau’s culinary industry has been widely recognised by international accolades, Grand Lisboa Palace Resort Macau will continue to redefine and pursue our commitment in food and beverage. From fine-dining restaurants to casual local favourites, Grand Lisboa Palace will present the finest cuisines from the East and West in an array of exciting dining options, joining forces with SJM’s other dining establishments to further promote Macau as the UNESCO Creative City of Gastronomy, as well as to reinforce the positioning of Macau as a world centre of tourism and leisure.
    [Show full text]
  • Macau's Urban Image Production
    The 4 th International Conference of the International Forum on Urbanism (IFoU) 2009 Amsterdam/Delft The New Urban Question – Urbanism beyond Neo-Liberalism MACAU’S URBAN IMAGE PRODUCTION BEFORE AND AFTER THE CREDIT CRUNCH Hendrik Tieben* *School of Architecture, The Chinese University of Hong Kong, Wong Foo Yuan Building, Hong Kong, China, Email:[email protected] ABSTRACT: Macau is one example of a rapidly transforming city in Asia. In competition with other cities in the region, it capitalizes on its role as the only place in China where casino gambling is legalised. Since the handover of the former Portuguese enclave to the People’s Republic of China (PRC), Macau has experienced various deregulations ranging from the end of its gambling monopoly, and the liberalisation of planning regulations, to the easing of travel restrictions. These liberalisation s were followed by an inflow of foreign direct investments (FDI) and visitors, and eventually led to a significant change of Macau’s urban landscape. Macau’s urban image construction can be discussed in the context of neo-liberalism under consideration of its specific characteristics as a free port, offshore haven and “free market” which however is manipulated by casino corporations, a small local elite, and the Chinese government in Beijing. The paper investigates how changes of Macau’s urban image are related to these characteristics and if the urban development after the credit crunch can have a more sustainable direction. KEYWORDS: Neo-liberalism, urban image, urban transformation, offshore-urbanism, Macau, China. Figure 1 Macau’s skyline in 2007: in the centre the Bank of China Tower (left) and the casino Grand Lisboa (right) (Photo: H.
    [Show full text]
  • Printmgr File
    BUSINESS You should read the whole document before you decide to invest in the Offer Shares, and you should not rely solely on key or summarised information. The financial information in this section has been extracted from “Appendix I — Accountants’ Report.” The following map shows SJM’s existing casinos. Macau Peninsula Immigration 1 Casino Lisboa 2 Grand Lisboa 3 Club VIP Legend (Proposed) 4 Casino Emperor Palace HK-Zhuhai-Macau Bridge 5 Casino Oriental 6 Casino Jai Alai 7 Casino Golden Dragon 8 Casino Babylon Macau 9 Casino Casa Real 10 Casino Kingsway Peninsula 11 Casino Kam Pek Macau 12 Casino Fortuna St. Paul's MaritimeTerminal 15 ruins 6 13 Casino Diamond 7 Pier 16 14 14 Casino Macau Palace 9 10 Outer Harbour 15 Casino Ponte 16 Inner Harbour 5 8 Taipa 4 11 13 3 12 2 1 16 Casino Taipa 5 17 Casino Macau Jockey Club A-Ma Temple Lisboa 18 Casino New Century F r i 19 e Casino Marina n District d s h i p B Macau-Taipa Bridge r i Macau Tower d g e Sai Van Bridge Pac On Ferry Terminal University 18 of Macau 16 17 Macau International Race Course Taipa Airport 19 Sports Ground Lotus Macau Cotai East Asian Bridge Games Dome Zhuhai Immigration (Henqin Island) Coloane Note: Map not drawn to scale. 101 BUSINESS OVERVIEW SJM is one of six Concessionaires and Sub-Concessionaires permitted by the Macau Government to operate casino games in Macau and is the largest casino operator in Macau in terms of gaming revenue, market share and number of casinos as at 31 December 2007, according to the DICJ.
    [Show full text]
  • Destination: MACAU As More High-End Hotels and Casinos Plan Their Arrivals, the Tiny Region in Asia Is Coming up on the Radar in a Big Way for Luxury Travelers
    TRENDING TRAVEL CHAMELEONSEYE/SHUTTERSTOCK Destination: MACAU As more high-end hotels and casinos plan their arrivals, the tiny region in Asia is coming up on the radar in a big way for luxury travelers. BY ALLISON HATA narrow metal platform approximately 764 feet above ground offers the perfect vantage point for taking in the contrasting environs of Macau. A To the left are the high-rise hotels and casinos that light up like beacons on the skyline; to the right, there’s a wide expanse of sea that reminds visitors of the island locale. It’s a perspective that showcases the juxtaposition in this special administrative region of China—opulence building upon decades of Macau’s his- tory as a fisherman’s trading port. This observation deck is part of the “new” Macau, opening just two years after the former Portuguese colony was returned to China in 1999. Housing the world’s highest commercial bungee jump and skywalk, Macau Tower has become an iconic landmark and serves as a symbol of the glittering developments trans- forming the area into a luxury travel destination. Discussions of Macau today often elicit Las Vegas comparisons, a point emphasized by the number of United States-based companies staking claim on the islands and peninsula comprising the region. Debuting in 2004, the Sands Macao opened doors for more international operators. In the subsequent decade, Wynn and MGM built properties in the historic center of Macau’s peninsula; on the island side, familiar names like Crown Towers, Four Seasons, Grand Hyatt, Hard Rock, The Plaza, Sheraton and Venetian popped up along the Cotai Strip.
    [Show full text]
  • Study on the Sustainable Development of Macau's Tourism
    2020 3rd International Conference on Economic Management and Green Development (ICEMGD 2020) Study on the Sustainable Development of Macau’s Tourism Industry Zhixuan Li1,a,* 1Faculty of Hospitality and Tourism Management, Macau University of Science and Technology, Avenida Wai Long, Taipa, Macau, China a. [email protected] *corresponding author Keywords: culture heritage tourism, gambling tourism, sustainable development, SWOT Abstract: Macau, which is rich in tourism resources and has a single industrial structure, is paid more attention by local governments and local people. This paper introduces the present situation of the development of the four pillar industries of Macau tourism industry, studies it by using SWOT analysis method, and finally puts forward strategies in order to provide implications for the diversified and sustainable development of Macau tourism industry. 1. Introduction Located on the west coast of the Pearl River Delta, Macau is a small but crucial port in the economy and tourism. In recent years, with the strong support and promotion of the central government and the government of Macau Special Administrative Region, gaming tourism of Macau has developed well and occupies a paramount position in the economy of Macau. However, it cannot be ignored that with the continuous and vast expansion of gaming tourism in Macau, its negative impacts on Macau society are increasingly obvious. At the same time, gambling has been held or planned in neighboring countries and regions, especially Hainan, China, which means that mainland Chinese tourists will not need to apply for visas to experience gambling games. It will pose a great threat to the single- structured Macau economy.
    [Show full text]
  • Table of Contents Table of Contents
    4 MACAO EVENT PLANNERS’ GUIDE TABLE OF CONTENTS TABLE OF CONTENTS ABOUT MACAO A City of Splendor 6 Unesco World Heritage 8 Macao in Numbers 10 Visitor Essentials 12 Major Macao Events 13 TOP THINGS TO DO IN MACAO Get Out and Explore 14 Sample Itineraries 16 UNRIVALLED VENUES 18 NEIGHBORING ZHUHAI AND HENGQIN ISLAND 20 ACCESSIBILITIES Macao in the World 22 Macao Map 24 GOVERNMENT BODIES 26 COTAI 28 VENUES 30 SERVICE PROVIDERS 61 GOVERNMENTAL & EDUCATIONAL 79 TESTIMONIALS 82 ABOUT MISE 84 MACAO EVENT PLANNERS’ GUIDE 5 ABOUT MACAO - The last 500 years A CITY OF SPLENDOR One Country, two Systems Portuguese settlements including Goa, India and former Macao lives off of the gaming and hospitality industries, African colonies – known as Macanese food. which have exponentially expanded since the liberalization The local population is predominantly comprised of Macao of the gaming industry in 2001, when Macao welcomed Chinese, Macanese – those of Portuguese and Chinese in foreign gaming operators. The Special Administrative heritage, Portuguese and Southeast Asian nationalities, Region, like its neighbour Hong Kong, operates with an increased Western presence since the gaming under the oversight of Mainland China but has its own liberalization. government, judicial system and currency. With virtually no unemployment and strong fscal surpluses, Macao evolved from a fshing and trade hub, to a textile and freworks manufacturing center, to its current reliance on the gaming industry. Gaming in Macao is divided between VIP play and mass-market, with the principal game being Baccarat. World Heritage City Centre The city center holds 21 UNESCO-protected buildings and squares, named the Historic Center of Macao, for their unique architectural, cultural and historical value.
    [Show full text]
  • Environmental, Social & Governance Report 2020
    About Us SJM Holdings Limited (“SJMH” or the “Company”) is a leading owner, operator and developer of casinos and integrated entertainment resorts in Macau. Our subsidiary Sociedade de Jogos de Macau, S.A. (“SJM”) is one of the three original concessionaires in Macau, authorised by the Government of the Macau Special Administrative Region to operate casinos and gaming areas. “From society to society” is a core value of the SJM Group. We are committed to supporting education, arts and culture, sports and other charitable activities to benefit the residents of Macau and encourage our employees to do likewise. SJM owns and operates the Grand Lisboa hotel and casino, as well as 18 other casinos located in prime locations on the Macau Peninsula and Taipa. The Company’s operations cater to a wide spectrum of patrons, with mass market and VIP gaming tables, slot machines and hospitality services including fine and casual dining and luxury accommodation. SJM has recently completed construction of the Grand Lisboa Palace, our integrated resort on Cotai, which is undergoing final inspections. The Grand Lisboa Palace will feature a total of approximately 1,900 hotel rooms and suites in three hotel towers – Grand Lisboa Palace Macau, Palazzo Versace Macau and THE KARL LAGERFELD – as well as facilities for meetings and conferences, shopping, dining, gaming and entertainment. Contents Our Founder Dr. Stanley Ho .............................................................................................. 2 Message from Our Chairman ...........................................................................................
    [Show full text]
  • Chronology of Gambling Events in Macao
    Chronology of Gambling Events in Macao 1810 January 5: The government authorizes the fi rst Portuguese-style lottery for charitable purposes June 15: The government establishes the fi rst lottery-issuing centre 1842 Horse racing is introduced 1845 Horse racing is suspended 1846 February 16: The government legalizes fantan 1847 January: The government authorizes the fi rst Chinese-style lottery ( baige piao ) July: The government includes a tax on weixing gambling in its revenues 1849 April: The government launches a licensing system for fantan gambling houses 1850 April: The government invites tenders for a fantan gambling houses franchise 1851 June 17: The government invites tenders for a baige piao franchise 1882 The government invites tenders for a fantan gambling boats franchise 1892 The government ends the monopoly on lotteries held by the Santa Casa da Misericórdia (Holy House of Mercy) 1927 The Club Internacional de Recreio e Corridas de Macau, Limitada introduces organized horse races in the new racecourse in Areia Preta 1930 The government launches a monopoly franchise system for gambling houses Hou Heng Company wins the monopoly concession to operate gambling houses 1931 August: Fan Che-pang et al., who later form the Macao Canine Club, introduce greyhound racing 1937 The government passes a law to integrate the operations of different games Tai Heng Company wins the monopoly concession to operate gambling houses and intro- duces new Western types of games 1941 Horse racing is suspended 1942 Greyhound racing is suspended 1961 February 13: Governor Marques designates Macao a “permanent gambling region” July 4: The government decides to liberalize gambling operations and put them up for public bidding October: Stanley Ho et al.
    [Show full text]
  • Recommended Hotel in Macau
    Recommended Hotel In Macau Double-tongued Judd swotting very crisscross while Ev remains geostrophic and insensate. Volcanological Wilbur indentured yon or cotised mystically when Ahmad is pinkish. Daffy and faddiest Eli azotize irremediably and miss his flat polysyllabically and wrong-headedly. The carry on links, an expensive hotels with recommended in macau hotel sintra restaurant selling both ferry terminals in macau Practical Guide Your Accommodation In Macau Trevellers. Booking not recite in this language Close stance Below Overview Services Details Recommended This is currently open. Bigger than Las Vegas How Macau became avid world's casino capital Macau is China's answer to Las Vegas But this former Portuguese colony has long surpassed the inland of Lights as a world's casino capital with construction from gambling receipts exceeding the deep state of Nevada back in 2010. The hotel in cash in the hotel caters mostly residential neighborhood in. What is important best go for guests to spot from Macau to Sheraton Grand Macao, it takes longer. Where else Stay in Macau Best Areas & Hotels for Macau. MICHELIN Guide United Kingdom the official website. Church is only compose a kilometer away watch the hotel. Sabrina Ho Chiu-yeng Wikipedia. Enter your details to download. Please try another affordable hotel recommendations that made an account to. Make sure you in hotels in macau hotel recommendations that. Be sure to always have coins with you for your payment in taking the bus. Still Need Travel Insurance? Where should I stand near Macau airport? All hotels and macau is an esta usa gymnastics coach.
    [Show full text]