Mainland monetary easing tipped to help VIP gaming

2015/5/4

From:Macau Business

The reduction of the reserve requirements for mainland commercial banks may help Macau’s VIP gaming market recover from its slump, an article in the Asia Pacific Journal of Marketing and Logistics says.

The article, entitled “Macau Gambling Industry: Current Challenges and Opportunities Next Decade”, is by Tina Tsing of Bank of China’s Macau branch, Andrew Chi of casino operator Galaxy Entertainment Group Ltd and academics Matthew Tingchi Liu of the University of Macau and Edmund Hoi of the Macau Polytechnic Institute.

The article says of mainland policy:
“Lowering reserve requirements signals it has entered a monetary easing cycle, which may be a positive catalyst for China’s economy, and thus bodes well for Macau’s VIP economy recovery.”

Copyright@Macau Business