Macau Gaming Licenses Still Frozen, But Citizens Get Cash for Nothing

Macau Gaming Licenses Still Frozen, But Citizens Get Cash for Nothing

Macau’s Chief Executive Fernando Chui had news/bad that is good in his end-of-year address to the area (Image: MacauBusiness.com)

Want a Macau casino license? Too bad and take it off your holiday wish list; the country’s main executive has made it specific that no brand new ones will be forthcoming anytime soon.

Fernando Chui Macau’s chief executive told the 2014 assembly that is legislative his annual presentation that nothing will be changing vis-a-vis the special administrative region’s licensing for video gaming establishments; the current setup of three concessions and three sub-concessions will stay as is, the in an identical way it has considering that the area first opened to foreign casino operators in 2003.

Read My Lips: No New Licenses

This despite the reality that not only is video gaming doing booming business in the Asian enclave, infrastructure improvements and massive capitalization are permitting millions more mainland Chinese tourists to come over and lose their money. Where visa restrictions once limited the quantity of times a national that is chinese come over, no restrictions on amounts of visits exist anymore; or at the very least, they have been not enforced.

Similarly, although only two American casino companies were supposed to be allowed to build on Macau’s Cotai Strip 2 yrs ago, in reality, three are now into the works: Wynn Resorts, Las Vegas Sands and MGM Resorts all h Continuar leyendo «Macau Gaming Licenses Still Frozen, But Citizens Get Cash for Nothing»