Announcement

Collapse

Your Assistance Please

We need your help to battle spammers and also to keep our community user friendly.
PLEASE BE KIND TO OTHERS - Refrain from personal attacks. Avoid politics and harsh language whenever possible. If someone is violating our simple rules, DO NOT confront them, simply report the post.
STOP SPAMMERS - Report the post. DO NOT respond to them.

2017 is a year of renewal for us, we have lots of exciting changes on the way for you, but we don't have time to deal with trolls and spammers. If you find yourself suspended and need to plead your case, you will need to do so after your suspension. We are happy to address your concerns if you made a simple mistake. However, please note that those with a history of bad behavior and pushing our rules to the limit will not be given the courtesy of a reply.

MiceChat offers a number of ways for you to communicate and get involved. We offer Facebook Groups and Pages, Twitter, Instagram and Pinterest accounts. We have a front page filled with amazing content. We offer weekly meetups in the parks. Meets and events all over the world. Podcasts and videos. And we continue to maintain forums for your posting convenience. But with all those options, we can't be everywhere all the time. We need YOUR help. Please don't poke the trolls. Report posts and leave reputation. We'll do our best to keep the forums clean and active, but we can't do so without your help.

Thank you for your support folks, it's going to be a really fantastic year in the MiceChat world.
See more
See less

Secretary for Commerce, Economic Dev. "We Fear No Competition"!

Collapse

Ad Widget

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Secretary for Commerce, Economic Dev. "We Fear No Competition"!

    Secretary for Commerce, Economic Development replied to question about increasing competition from Macau, Macau is tranforming itself into Vegas of The East. He said "We Fear No Competition"!

    He added "Arts, Culture, Entertainment, Cruise Terminal, Theme Parks etc would be enough to fend off competition!"

    -------------------------------

    Kai Tak South East Kowloon Development (Cruise Terminal etc)
    West Kowloon Cultural District
    HK Ocean Park
    HK Disneyland
    Plus ......etc....

  • #2
    Re: Secretary for Commerce, Economic Dev. "We Fear No Competition"!

    Official: Hong Kong won't build casinos to compete with Macau


    HONG KONG -- Hong Kong will not build casinos to compete with its booming neighbor Macau, which recently surpassed the Las Vegas Strip in gaming revenue, an official said.

    The remarks came as Singapore is also opening up to casinos. The city-state dropped a ban on casino gambling in 2005.


    Speaking to reporters after a banquet held by the hotel industry late Friday, Hong Kong Secretary for Commerce and Economic Development Frederick Ma acknowledged the fast casino growth in Macau posed a challenge to Hong Kong.


    "It's definitely somewhat of a challenge to the tourism industry," he told reporters in remarks released in a transcript seen Saturday.
    But Ma added the Hong Kong government would not consider building casinos to compete with Macau.


    "The government doesn't think it would help the tourism industry if Hong Kong built one or two casinos because Macau has many casinos like Las Vegas," he said.
    Ma also said that not considering casinos was a "matter of principle," but did not elaborate.


    Hong Kong's pro-government and pro-business Liberal Party proposed opening up to casinos several years ago, but then-Financial Secretary Henry Tang said in late 2004 the government was not convinced of the benefit.


    Tang acknowledged casinos would bring some economic gain, but said they may also lead to social ills, noting that locals had mixed views on the proposal.
    Hong Kong currently only allows three forms of gambling - on horse races, soccer matches and a numbers game.


    In 2003, when the government legalized soccer gambling, critics complained it would lure youngsters into betting on the hugely popular sport.


    Ma said Hong Kong will build more convention space - conventions are a major target of the recently opened Venetian Macao casino resort - invest in cruise ship terminals and expanding Ocean Park, Hong Kong's leading local theme park.


    Macau, also spelled Macao, has enjoyed strong economic growth since ending a casino monopoly in 2002 and letting in Las Vegas operators like Steve Wynn and Sheldon Adelson.


    Wynn has built the Wynn Macau while Adelson's Las Vegas Sands Corp. built the Sands Macao, and last month opened the massive Venetian Macao, which claims to be Asia's largest building housing the world's largest casino floor.
    Adelson hopes to transform the reclaimed Cotai strip, which links two outlying islands in Macau, into a concentrated casino resort area.


    Macau beat the Las Vegas Strip last year as the world's gambling center. The city raked in US$6.95 billion (€5 billion) in gambling revenue, while the Strip made US$6.69 billion (€4.8 billion), regulators in both cities said.


    Meanwhile, in Singapore, Adelson is now building a US$4 billion (€2.9 billion) casino resort scheduled to open in 2009. A second casino license was awarded to Genting International PLC, whose resort is expected to be ready in 2010.



    Source : The China Post

    Comment

    Ad Widget

    Collapse
    Working...
    X