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EXPECT MACAU GAMING INDUSTRY TO SLOW DOWN SAYS GOVT
02nd March, 2011 at 08:55:14
Government poised to control expansion
Macaubusiness.com reports that the boom in Macau's gambling industry is set to slow down in the near future and warnings have again been sounded that the current high growth in the gambling market on the island (see previous reports) should not be expected to continue indefinitely.
Macau 's secretary for Economy and Finance, Francis Tam Pak Yuen says the government is poised to control the level of expansion of the sector and said "in future we shall only see the industry increasing by a few percentage points every year".
He cautioned youngsters to think twice before joining the industry, as it will be unlikely the gaming sector will continue to provide the large number of jobs as it used to in the past.
Macau set a new monthly record when Government statistics released this week showed February's gambling revenue leapt 48% year-on-year and 33% over January 2011, driven mainly by mainland Chinese visitors (see previous report).
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