Essays on Macau

requirement for the award of the degree

BA (Hons) Fashion Management

“ I, JIA HAN TUNG, CERTIFY THAT, THIS IS AN ORIGINAL AND INDIVIDUAL PIECE OF WORK AND THAT NO PART OF THIS HAS BEEN WRITTEN BY ANYONE ELSE; I HAVE ACKNOWLEDGED ALL SOURCES AND CITATIONS BY APPLIYING HARVARD REFERENCING SYSTEM;

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THIS WORK HAS NOT BEEN SUBMITTED FOR ANY OTHER ASSESSMENT ”. “ I WOULD LIKE TO THANK MY SUPERVISOR, , FOR HER GUIDANCE THROUGHOUT THIS DISSERTATION. I WOULD ALSO LIKE TO THANK THE DESIGNERS SELECTED ON PROVIDING ME DATA AND SPENDING TIME ANSWER MY QUESTIONS THROUGHOUT INTERVIEWS AND THOSE PARTICIPANTS FOR FOCUS GROUP FOR TAKING PART ...

Introduction

There are diverse factors that need to be considered in the field of financial sector or department in any field or jurisdiction. First of all, we should note that financing helps in the determination of the net value of any given firm or country, its position among its competitors, as well as the payment it owes or is owed to and by other firms, states, or individuals. In this article, we shall be looking at the regulatory Guide (RG 247) that provides the ASIC’s interpretation of the s299A that is composed of the Corporation Act of 2001. Consequently, ...

ABSTRACT

The prevalence of Information and Communications Technology (ICT) facilitated the shift of operations in travel agencies from traditional to online platforms in the same way that the Internet changed how customers can access goods and services. The Internet enables customers to gain access to online travel agencies and choose to purchase travel-related products and services online. Nevertheless, previous studies prove that online travel agencies are finding it difficult to compete with one another and the adoption of ICT as a major part of operations present other problems that set barriers for the growth of online travel agencies. The widespread use ...

Executive Summary

Macau is a very attractive gaming destination in the Asia Pacific region, just across the border for Hong Kong. This city attracts a large number of tourists and international visitors. It has also seen a rapid growth in establishment of large gaming companies, ever since liberalization for gaming operators in 2002. This must have actually spurred economic growth, and boosted SMEs, which are the economic growth power engines. However, unfortunately this is not the case, primarily because of the intense pressure on manpower, which is contributing to labour turnover in Macau, so much that, almost 30% of the SMEs are facing closure ...

Gambling is an old practice that people have used to make money by either betting on cash, cars or other forms of property. Earlier, the practice was considered illegal until recently when some states decided to make it legal after observing how profitable the business was. Whether gambling on life or one’s dollar, participants in a gambling session display their undoubted nature to take risks. Casinos make use of this instinct, the dinging and buzzing slot machines with glitzy décor and table games that create the impression of one’s transfer into a new place coupled with a peculiar experience. ...

1. How would you characterize competition in the gaming industry in Macau? Macau is one of the biggest gambling hubs in the world and is especially attractive because it is the only place in China where gambling is legal. Many companies wish to open casinos or hotels in this former Portuguese colony. However, with casinos it is not that simple. Legally, there is no competition in the Macau gambling industry as the Executive of Macau SAR has a monopoly over all gaming business (Pereiro, 2010). It can sign concession agreements with companies granting them the right to open ...

Macau is one of the favorite tourist destinations in China; famous for its luxury hotels and grand casinos. Macau has left Las Vegas behind in terms of gambling business; recording business that was four times bigger in Las Vegas. As gambling is illegal in the mainland China; Macau is the desired choice for big time gambling. There are many middlemen or “junkets” in China who bring prospective gamblers to Macau, help with the accommodation; junkets get a big commission grim the casinos. The revenue gambling generated for Macau in the year 2012 was 303 billion Macau patakas. The junkets have ...

Executive Summary

China is a very attractive gaming destination in the Asia Pacific region. This city attracts a large number of tourists and international visitors. It has also seen a rapid growth in the establishment of large gaming companies, ever since liberalization for gaming operators in 2002. This must have actually spurred economic growth, and boosted SMEs, which are the economic growth power engines. This paper explores the role of SMEs in an emerging economies, the role of manpower in SMEs, as well as understanding the key success factors of the SMEs in China.

Introduction

SMEs are the growth engines for any economy in the ...

Introduction

China is considered the manufacturer of the world. Several manufacturers of computers, clothing and machinery, are made in China. The manufacturers are mostly located in the east coast provinces of China. The most important Chinese cities in the manufacturing sector are Shanghai, Dalian, Qingdao, Suzhou, Ningbo and Shenzhen. The lower wages are the most important consideration the multinational companies establish its manufacture facilities in China. The minimum day wage evolves from USD 1.23 to 1.84 USD in China, compared with the minimum wage in Australia USD 16.88 and Germany USD 11.6. Additional to the minimum wage the availability ...

For the past couple of months, several news organizations are reporting China’s astounding economic growth and subsequent mobilization in the Asian region which is both alarming and impressive for many experts. Their economic growth is astounding for the very fact it proves China is still an economic powerhouse even in today’s world given their history as the world’s first traders. On the other hand, however, the mobilization of its forces around its “claimed” territories is alarming because of the possible implications that China is now getting ready to overthrow the United States as the dominant force ...

Country Report: China

- Introduction Since the time of the early civilizations, China has remained to be permanent actor in the development of practices, traditions, and history throughout the globe. From being traders from the East, the Chinese had been able to keep up with development and be one of the world’s leading actors in politics and economy today. However, while the nation is known for its steady economic development and growing political power, China is also known for its still communist roots and the potential impact it has over its neighboring countries. The international community, especially the United States, ...

The industry has also embarked in massive airline partnerships in their sale of tickets to enable easier provision of services to over wide distances as they collaborate with various other airlines to cover more travelling distances. This makes it easier for the constantly increasing number of travelers to have their needs catered for. Since the airline’s image had taken a beating due to the culture prevailing in the organization, particularly among pilots, the carrier decided to go in for a revamp of its HR policies, according to experts. As a first step, the airline brought about a change in management. Chen ...

- Be patient, especially in times of adversity – perseverance will reap rewards; - Hard work always pays; never give up whatever the circumstances. Since I came to the United States some three years ago, in order to study at the best institutions I can find, I have kept in mind those two important maxims, focussing on hospitality management as my major – a subject I became deeply interested in, beginning from my time as a youngster in Macau when I worked in a very junior role in the five-star StarWorld hotel there. That prestigious establishment sets high standards of hospitality, having ...

Wynn Resorts, Ltd

Wynn Resorts Ltd. Growth and Expansion strategy The Cotai Strip expansion strategy can be classified as a wholly owned subsidiary expansion strategy, it is a strategy aimed at increasing market share and keeping existing customers. The expansion strategy fits because Wynn Resorts Ltd has already established a branch in the location and aims at distributing its services to more consumers. This expansion will create a network of interdependent subsidiaries that share the same brand name; the advantages accrued to this strategy are that the company will not risk sharing technological and managerial knowledge to competitors. The company will also be in a ...