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

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

Macau’s leader Fernando Chui had good news/bad news in their end-of-year address to the region (Image: MacauBusiness.com)

Require a Macau casino license? Too bad and go off your holiday wish list; the country’s primary executive has made it very clear that no ones that are new 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 gaming establishments; the existing setup of three concessions and three sub-concessions will continue as is, the same manner it has because the region first exposed 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 enabling 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 variety of visits exist anymore; or at least, they are not any longer enforced.

Similarly, although only two casino that is american were designed to be permitted 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 Resorts all have luxury projects Continue reading “Macau Gaming Licenses Still Frozen, But Citizens Get Cash for Nothing”