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 his end-of-year target to the area (Image: MacauBusiness.com)

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

Fernando Chui Macau’s leader told the 2014 assembly that is legislative his annual presentation that nothing will be changing vis-a-vis the special administrative region’s certification 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 since the region first exposed to foreign casino operators in 2003.

Read My Lips: No New Licenses

This despite the reality that do 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 number of that time period a national that is chinese come over, no restrictions on amounts of visits occur anymore; or at the very least, they are no longer enforced.

Similarly, although only two casino that is american were expected to be allowed to build on Macau’s Cotai Strip 2 yrs ago, in fact, three are now within the works: Wynn Resorts, Las Vegas Sands and MGM Resorts all have luxury proj (suite…)

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