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

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

Require a Macau casino license? Too bad and go off your holiday wish list; the nation’s main executive has made it very clear that no brand new ones will be forthcoming anytime quickly.

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 because the region first exposed to international casino operators in 2003.

Read My Lips: No New Licenses

This despite the reality that do not only is video gaming doing business that is booming the Asian enclave, infrastructure improvements and massive capitalization are allowing for millions more mainland Chinese tourists to come over and lose their money. Where visa restrictions once limited the quantity of that time period A chinese nationwide could come over, no restrictions on variety of visits occur anymore; or at least, they’re no longer enforced.

Likewise, although only two casino that is american were supposed to be allowed to build on Macau’s Cotai Strip 2 yrs ago, in fact, three are now in the works: Wynn Resorts, Las vegas, nevada Sands and MGM Re (more…)

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