Here are my thoughts:
- Governments should let markets be free
- It would be wrong to change the game after these companies invest billions. This could prevent more investment.
From the article:
After the opening of the Cotai Strip convention and exhibition location, a concern was arose among the industry operators that the monopoly of MICE facilities by gaming corporations would create negative influences on the local MICE development.
The operators questioned the intention of the gaming companies, whether it was aimed at assisting the local MICE development, or serving their own gaming industry by making use of the MICE concept.
In addition, current data and information such as the exhibition content and nature was not revealed to the public which could result in the same sort of conventions and exhibitions being held several times throughout a year.
According to the market regulations, exhibitions in the same type cannot be repeatedly organised within half a year.
Therefore, the local MICE industry once again said it was vital for the SAR government to introduce its individual convention and exhibition venue.
