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A preliminary investigation on the opportunities and challenges faced by Macao’s Small and Medium Enterprises (SMEs) with the opening of the casino industry
Richard Chi Sen Siu
2004-09
Source Publication中小企业发展与综合竞争力提升
Author of Source杨允中
Publisher澳门大学澳门研究中心
Pages87-106
Abstract

The opening of Macau's casino industry produces notable impact in terms of boosting Macao's economic recovery over the past two years. Given the improving macroeconomic evironment driven by the expansion of the casino industry, and the aspiration for changes in the coming years, a crucial question faced by the domestic economy is whether the long declining local small and medium enterprises (SEMs) in the various sectors could be benefited, and whether they are capable to catch up with the forthcoming changes. By evaluating the concept and the unique features of SMEs in the Macau economy, this paper provides a preliminary investigation on the possible opportunities and challenges faced by the SEMs with the opening of the casino industry. Evidences showing how the SMEs are connected with the gaming industry, and the results derived from a resident survey, seem suggesting that even the expected rise in volume of visitors could reasonable enlarge the market size,and hence better business opportunities opened to the SEMs in the consumption and tourism-related businesses, lot of uncertainties still exist. For example room size available for local SMEs to bid for market share after full operations of all the new casinos given their large-scale and comprehensive facilities; level of local tourism and recreational facilities that are required to help the local SEMs to realize the opportunities, etc.

Language英语
ISBN99937-26-36-2
Fulltext Access
Document TypeBook chapter
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
AffiliationUniversity of Macau
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Richard Chi Sen Siu. A preliminary investigation on the opportunities and challenges faced by Macao’s Small and Medium Enterprises (SMEs) with the opening of the casino industry:澳门大学澳门研究中心,2004:87-106.
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