Date
18 October 2017
Macau's gaming industry will take two to three years to return to the growth path, says Galaxy Entertainment's Lui Che-woo. Photo: HKEJ
Macau's gaming industry will take two to three years to return to the growth path, says Galaxy Entertainment's Lui Che-woo. Photo: HKEJ

Macau sees up to 4.6% dent in gaming revenue due to smoking ban

Macau authorities expect gaming revenues to take a 4.6 percent hit at the most when the city implements a new regulation on smoking ban in casinos, the Hong Kong Economic Journal reported.

The policy could drag the city’s gaming revenue by one billion patacas on average per month, the government was quoted as saying in response to a lawmaker’s query.

In July, Macau approved new smoking control regulations. The rules will be implemented next year.

Macau’s gaming-related income has been falling for the last 15 months, prompting the administration to adopt some austerity measures.

Authorities believe the smoking ban may dent gaming revenue somewhere in the 2.76 percent to 4.6 percent range.

SJM Holdings (00880.HK) executive director Angela Leong On-kei said she hopes the casino industry will return to the growth path in one or two years.

Galaxy Entertainment Group (00027.HK) chairman Lui Che-woo expects the industry to take two to three years to recover.

[Chinese version中文版]

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