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Problems cannot be solved overnight, says Macau casino investor

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Problems arising from the booming casino business in Macau would not be resolved overnight, an investor said yesterday.

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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.

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Mr Lui said the casino industry would remain the engine of Macau's economy, giving room for further development in other industries.

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