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

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

Macau’s leader Fernando Chui had good news/bad news in his end-of-year address to the region (Image: MacauBusiness.com)

Require a Macau casino license? Too bad and go on it off your holiday wish list; the nation’s chief 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 gaming establishments; the existing setup of three concessions and three sub-concessions will stay as is, the same way it has since the area first opened to international casino operators in 2003.

Read My Lips: No New Licenses

This despite the reality that 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 chinese nationwide could come over, no restrictions on numbers of visits occur anymore; or at least, they’ve been not enforced.

Similarly, although only two casino that is american were supposed to be allowed to build on Macau’s Cotai Strip two years ago, in reality, three are now in the works: Wynn Resorts, Las vegas, nevada Sands and MGM Resorts all have luxury projects going Continue reading “Macau Gaming Licenses Still Frozen, But Citizens Get Money for Nothing”