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

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

Require a Macau casino license? Too bad and take it off your holiday wish list; the country’s chief executive has made it very clear that no brand new ones will 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 because the area 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 booming business in 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 number of times A chinese nationwide could come over, no restrictions on amounts of visits occur anymore; or at least, they’re not enforced.

Likewise, although only two American casino organizations were likely to be permitted to build on Macau’s Cotai Strip couple of years ago, in reality, three are now in the works: Wynn Resorts, Las Vegas Sands and MGM Resorts all Continue reading Macau Gaming Licenses Still Frozen, But Citizens Get Money for Nothing