MGS IS GETTING GREEN HOTEL WINNERS ANNOUNCED HK JOCKEY CLUB LOOKS ‘MATURE’ OVERSEAS Interview with Jay Chun, the The Hong Kong Jockey Club, organizer of the Macau Gaming which has been called an Entertainment Show, ahead of “ATM for the government” is its fifth edition facing trouble P2 P7 P10 FRI.23 Jun 2017 T. 27º/ 32º C H. 70/ 90% facebook.com/mdtimes + 11,000 MOP 7.50 2829 N.º HKD 9.50 FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo “ THE TIMES THEY ARE A-CHANGIN’ ” WORLD BRIEFS REPOrts AP PHOTO Gov’t hired graduate IRAQ The Islamic State group blew up a historic landmark in Mosul — the city’s famed 12th century al-Nuri mosque with its iconic leaning minaret through ‘special channel’ known as al-Hadba, from where the IS leader P3 proclaimed the militant group’s self-styled caliphate nearly three years ago. The explosion destroyed yet another piece of priceless Iraqi MARQUES RENATO cultural heritage as U.S.- led coalition forces and Iraqi troops close in on IS. More on p14 THAILAND’s military- installed parliament yesterday passed a bill that allows the ruling junta to continue to impose its policies after it holds elections and officially relinquishes power. INDONESIA Police announced yesterday they have arrested 41 suspected militants following last month’s twin suicide bombings in the capital that killed three policemen. RUSSIA A Moscow court has sentenced an ally of the Russian opposition leader to five days in jail for organizing a webcast of massive anti-government protests earlier this month. AP PHOTO LOCAL DESIGNERS AFGHANISTAN A suicide car bomb exploded yesterday at a bank in Afghanistan’s Helmand Pop-ups are more province as Afghan troops and government workers waited to collect their pay, killing at least 29 people. advantageous than The Taliban claimed responsibility for the attack. More on p13 P5 More on backpage physical stores INSIDE 23.06.2017 fri 2 MACAU 澳聞 WWW.MACAUDAILYTIMES.COM.MO beneficial, when compared to si- milar exhibitions, as it is a “plat- MGS is getting ‘mature,’ 2017 form for local manufacturers and suppliers”. He adds that, “MGS is an opportunity for local manufac- turers to showcase their produc- edition aims to be record-breaking ts and services and go out to the world while participants from all parts of the world will come here to see this.” Chun continued, “this Renato Marques is happening, we see suppliers go abroad and selling not just to lo- HE Macau Gaming Enter- cal integrated resorts but to other tainment Show (MGS) is pre- parts of the world.” T MARQUES RENATO paring for its fifth edition, having recently been awarded the status of being a “UFI Approved Event” by the Global Association of the Exhibition Industry. Gaming The event’s organizers say that it equipment has is the fastest growing trade exhibi- tion in the global gaming industry always been and is “getting pretty mature now as we have a very regular [num- the core part of ber] of participants attending this meeting.” the exhibition. Jay Chun, the chairman of Ma- Jay CHUN cau Gaming Equipment Manu- facturers Association (MGEMA), Noting the “soon to happen” na- in an interview with the Times, ture of expansion of the gaming said that growth is expected on industry in markets such as in Ja- the number of “the exhibitors, su- pan or Brazil, Chun said “at least ppliers and also of visitors.” if there are more casinos opening, The aim of the event is “to help Jay Chun there are more opportunities ha- the industry to continue growing,” ppening for Macau equipment said Chun, explaining that the mentioned that there has been a the same way that “now that the th for the MGS exhibition, which manufacturers although, of cour- event is not restricted to gaming noticeable increase in the “crea- revenues are growing, we don’t had over 170 exhibitors and arou- se, we know that in terms of ope- sector suppliers but that “all local tivity” sector that has contributed expect too much growth but at nd 14,000 B2B visitors arriving ration site, there will be a lot of suppliers [and service providers] greatly, providing ideas and input, least we are certain to be able to from over 60 countries. More re- competition on the market.” Chun who can in any way offer products which could be incorporated into see the results with more purcha- cords are expected to be broken added, “it helps as if the market is and services to the integrated re- gaming equipment. sing happening [when compared] this November. bigger as that’s always positive sorts, are very welcome.” Regarding last year’s edition, with last year.” He added that Remarking on the market sta- for the industry” that is currently Providing examples, Chun ci- Chun said, “it was the most “now that the market is getting bility, Chun noted that “mass worth about USD20 billion an- ted the sectors related to “souve- challenging one because we were stable I think people are willing to market represents already over 50 nually. nirs and furniture,” although he facing the issue of the revenues spend [invest] more.” percent and I think when it rea- In a month of major events in the mentioned that “gaming equip- going down and people become Despite Chun mentioning the ches about 70 percent the market region, the fifth edition of the MGS ment has always been the core conservative to spend money “less will to invest,” the 2016 edi- will achieve [full] stability.” will take place at The Venetian part of the exhibition.” He also [when this happens],” noting in tion marked another year of grow- Chun notes that MGS is more Macao from November 14 to 16. EIU forecasts average growth of 7.8 percent acau’s economy tion in 2015, with gross also likely to register a is higher than in Las Ve- Mis expected to grow domestic product falling similar trend, in this case gas, for example. at an average real rate by 21.5 percent, which due to higher tax reve- The EIU notes that Ma- BLOOMBERG of 7.8 percent this year was followed by a nega- nues, with EIU analysts cau’s economy remains and 2018, boosted by the tive but more moderate saying that Macau will very vulnerable to shocks recovery in services ex- drop of 2.1 percent the continue to see signifi- as it is focused on a sin- ports, particularly those next year. cant budget surpluses, gle sector, the gambling related to gambling, ac- On the basis of predic- equivalent to 7.1 percent sector, and recalls central cording to the latest Eco- ted economic growth, the of GDP on average. government officials’ sta- nomist Intelligence Unit EIU expects an increase The document said tements about diversifi- (EIU) report. in household consump- that it would be practi- cation. The EIU, disaggregating tion, but gave no exact cally impossible for the Due to the anti-corrup- the average growth of figures. taxes levied on gaming tion campaign in Chi- Macau’s economy for the One of the areas where revenues to be revised na, as well as increased two years under review, household consumption downwards over the next competition from casi- expects a real rate of 10.3 is expected to increase two years, noting that nos opened in various not expected to return to growing by a modest 0.5 percent for 2017 and a will be in housing, where through direct taxes (35 parts of Asia, the docu- the previous high levels. percent in 2018, as major real rate of 5.3 percent prices have risen again percent) and indirect ta- ment now obtained by Gross fixed capital for- hotel developments are for 2018. after falling after the eco- xes, casino companies Macauhub predicts that mation, or investment, in the final stages, with Macau experienced a nomic downturn. would pay around 40 gaming revenues should is expected to contract 8 no new projects in the pi- severe economic contrac- Public consumption is percent in Macau, which continue to grow, but are percent this year before peline. 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