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

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

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

Would like a Macau casino license? Too bad and go on 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 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 current setup of three concessions and three sub-concessions will stay as is, the same 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 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 quantity of times A chinese national could come over, no restrictions on variety of visits exist anymore; or at the very least, they have been no further enforced.

Likewise, although only two casino that is american were expected to be permitted to build on Macau’s Cotai Strip couple of years ago, in reality, three are now within the works: Wynn Resorts, Las Vegas Sands and MGM Resort Continue reading Macau Gaming Licenses Still Frozen, But Citizens Get Cash for Nothing