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 target to the area (Image: MacauBusiness.com)
Require a Macau casino license? Too bad and take it 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 gaming establishments; the existing setup of three concessions and three sub-concessions will continue as is, the same way it has because the area 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 business that is booming the Asian enclave, infrastructure improvements and massive capitalization are permitting 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 variety of visits occur anymore; or at the very least, they’ve been not any longer enforced.
Likewise, although only two casino that is american were expected to be permitted to build on Macau’s Cotai Strip 2 yrs ago, in reality, three are now within the works: Wynn Resorts, Las Vegas Sands and MGM Resorts all have luxury