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



Macau’s leader 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 go off your holiday wish list; the country’s primary executive has made it specific that no brand new ones will be forthcoming anytime quickly.

Fernando Chui Macau’s leader told the 2014 Legislative Assembly in his annual presentation that nothing will be changing vis-a-vis the special administrative region’s certification for video gaming establishments; the existing setup of three concessions and three sub-concessions will stay as is, the in an identical way it has because the region first opened to foreign casino operators in 2003.

Read My Lips: No New Licenses

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

Similarly, although only two American casino companies were designed to be allowed to build on Macau’s Cotai Strip two years ago, in reality, three are now into the works: Wynn Resorts, Las Vegas Sands and MGM Resorts all have luxury Continue reading