Problems cannot be solved overnight, says Macau casino investor
Problems arising from the booming casino business in Macau would not be resolved overnight, an investor said yesterday.
But nearly a week after the violent Labour Day protest during which a policeman fired five shots, K Wah group vice-chairman Francis Lui Yiu-tung said he was optimistic about the city's economic outlook.
The protest left 21 police officers and dozens of demonstrators injured. A passing motorcyclist was hit by a stray bullet.
Mr Lui said: 'The problems arising from the economic boom cannot be resolved in one go.'
The K Wah group controls Galaxy Entertainment, which operates five casinos in Macau.
Mr Lui said the casino industry would remain the engine of Macau's economy, giving room for further development in other industries.