Macau’s leader Fernando Chui had news/bad that is good in their end-of-year target to the region (Image: MacauBusiness.com)
Want a Macau casino license? Too bad and take it off your holiday wish list; the country’s main executive has made it specific that no 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 current setup of three concessions and three sub-concessions will stay as is, the same way it has since 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 allowing for millions more mainland Chinese tourists to come over and lose their money. Where visa restrictions once limited the quantity of that time period a national that is chinese come over, no restrictions on variety of visits occur anymore; or at least, they have been no more enforced.
Likewise, although only two casino that is american were supposed to be allowed to build on Macau’s Cotai Strip 2 yrs ago, in fact, three are now into the works: Wynn Resorts, Las Vegas Sands and MGM Resorts all have luxury projects rising there, and ea