IMF advises Macau to diversify in game

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"Economic diversification holds the key to unlocking further growth engines," the International Monetary Fund (IMF) executive board said of Macau.

IMF executive directors considered Macau\'s economic outlook to be "bright" but warned that "growth may slow down as the gaming sector matures and the population ages on a longer horizon."

This is the warning issued during the IMF\'s first review of Macau since Macau transferred from Portugal to China in 1999. The IMF\'s review was officially concluded on the 3rd.

IMF directors praised Macau authorities for their focus on promoting out-of-game services and encouraged them to explore more opportunities, including broad integration with mainland China, financial development, and greater public investment in infrastructure and human capital.

"Cautious measures should focus on managing potential credit and liquidity risks from the slowing game and the real estate sector," the Macau report, prepared by IMF staff, added.

The paper also urged Macau to introduce more anti-money laundering measures to protect the integrity of the gaming sector, particularly by strengthening "customer due diligence requirements" in line with international standards and "strengthening supervision of all market players, including junket promoters and their officials." 안전 슬롯사이트

Macau\'s economic growth is likely to remain "solid at 8% to 10% through 2017 on the back of gaming exports as the global economy strengthens and investments related to several casino expansion projects, including the construction of hotels and large entertainment complexes, continue," the report added.

But "..."[Macao] government relies heavily on gaming revenue, which will be volatile and slow as the sector grows and faces greater competition with online gaming and other Asian regions."

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