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

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

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

Want a Macau casino license? Too bad and go off your holiday wish list; the nation’s primary executive has made it specific that no ones that are new 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 licensing for gaming establishments; the existing setup of three concessions and three sub-concessions will continue as is, the in an identical way it has because the area first exposed to foreign casino operators in 2003.

Read My Lips: No New Licenses

This despite the reality that 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 times A chinese nationwide could come over, no restrictions on amounts of visits occur anymore; or at the very least, they truly are not enforced.

Similarly, although only two American casino businesses were expected to be permitted to build on Macau’s Cotai Strip two years ago, in reality, three are now within the works: Wynn Resorts, nevada Sands and MGM Resorts all have luxury project