Macau’s Chief Executive Fernando Chui had good news/bad news in their end-of-year address to the area (Image: MacauBusiness.com)
Would like a Macau casino license? Too bad and take it off your holiday wish list; the country’s main executive has made it very clear that no ones that are new be forthcoming anytime soon.
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 licensing for video gaming establishments; the current setup of three concessions and three sub-concessions will continue as is, the same way it has because the region first exposed to foreign casino operators in 2003.
This despite the reality that not only is gaming doing business that is booming 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 quantity of times a national that is chinese come over, no restrictions on amounts of visits exist anymore; or at least, they’ve been not enforced.
Likewise, although only two casino that is american were expected to be allowed 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 have luxur (more…)