Macau’s fiscal surpluses were expected to continue to support the accumulation of large fiscal reserves, particularly in the absence of government debt. Fiscal reserve capital amounted to MOP$566 billion as at early-2019 majority generated from gaming industry.
The continuous effort to develop the city’s non-gaming offerings would contribute to a more sustainable growth for Macau by rising non-resident spending in areas such as shopping, accommodation, food & drink demonstrates continued growth in non-gaming sectors.
Thanks to the government policies focused on encouraging gaming operators to add more services in leisure, sports and recreation, conventions, exhibitions and cultural experiences to help attracting more mass-market visitors and expand revenue from non-gaming tourism in Macau.
Mr. Lee holds a Master of Science in Engineering from Warwick University and a MBA degree from University of Macau. He is also a Fellow of Chartered Management Institution and Member of IET in United Kingdom.