Macau To Regulate Building Of New Casinos

March 16th, 2010 admin

Macau’s new Chief Executive, Fernando Chui, gave his first policy address March 16. He had been expected to announce stringent plans to slow the overheated gaming market in the Chinese region and announce steps to diversify Macau’s economy. Gaming revenues increased almost 70% in the first two months of this year compared to 2009. Gambling accounts for about three-quarters of government revenue for Macau However, his comments appear to have resulted in a sigh of relief by major casino operators who already have a presence in Macau such as Wynn and Las Vegas Sands. Reuters reports that Chui intends to limit the building of new casinos. This could help current operators’ profits by protecting the…


Originally posted on Rate Vegas

 
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