Macau has started research to understand the gambling sector of the city. Multiple projects aim to establish a baseline about the existing economic climate as well as potential future developments that would affect casinos and gambling infrastructure throughout Macau.
One study was initiated at the beginning of December in order to inform future policy decisions and programs. The Economic Development Council and key legislators are responsible for the paradigm of this study. Davis Fong Ka Chio is influential in this area of research and is currently a professor at the University of Macau.
Two separate studies were initiated based on the recommendation of the Economic Bureau last week. These would identify multidimensional aspects that may affect gaming and casinos at large. The social and economic aspects in addition to development objectives are in question throughout the research proposals and ideas.
Some factors to look for are the way that industry, as well as social issues, impact changes to gambling and casino enterprises. The healthy development based on each region’s economy and the marketplace is another consideration that the research hopes to address. Completing the studies through the third quarter of 2018 could be an important way that the research is articulated for the betterment of economic and market knowledge.
There have been significant growth spurts in Macau when it comes to casino-related economy. The increases were over forty percent each year since 2011 and represented a large amount of VIP player activities. The gaming promotes and changes that took place at that time led to a great deal of investment and analysis in 2015 and 2016.
Recent research in a review suggested that the local industry for gaming be further analyzed to identify common themes and trends. When printed in Chinese this analysis was more than two hundred and fifty pages. It explains that there are a great number of opportunities for the industry to change in upcoming years. Being able to shed light on the way that the market is functioning means that legal ideas and laws governing economic progress or growth must be further identified to provide the best results.
The upcoming studies would involve the Macau University of Science and Technology along with the University of Macau. Addressing the needed changes means that Quantitative Analysis must take place in addition to economic development. The moderation of gaming and perspectives for healthy growth in the sector are some of the main focuses of these research projects.
The results would be astounding and beneficial for both policymakers and economic analysts. This is because of the myriad of variables that may be influencing gaming in Macau. Shedding light on these issues may bring a greater degree of clarity when it comes to gaining recommendations for future gaming commission research or understanding what makes casinos popular in their present locations.
