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Is Macau Going to cap Casino Activity
3/16/10 - Moves to restrict the involvement of more gambling companies in the booming gambling island of Macau could be in prospect, presenting existing licensees like Las Vegas Sands, MGM Mirage and Wynn Resorts with limited new competition.
Companies that have not yet entered the market could well be excluded if Macau chief executive Fernando Chui means business. Harrah's Entertainment, for one, could have some trouble establishing a presence in Macau.
Sands and Wynn have already capitalised on Macau's strength, completing initial public offerings of their assets in the area late last year. MGM is following in their footsteps, with plans to close its IPO by the third quarter 2010.
Chui said in a news conference Monday that he plans to set up a regulatory body to govern the future growth of the gambling industry, perhaps even taking back undeveloped land from land casinos if no proper plans are in place to build.
Chui did not specify a cap on table games, slots or the number of casinos, but said he intended to raise the gaming age limit to 21 from 17, but without setting a deadline. The official stressed the need for economic diversification on the island.
Macau has been the fastest growing market in the casino industry of late. In February, gaming revenue in the gambling hub surged 70 percent to $1.68 billion. The strong growth and future potential ensure that investors remain interested in the island despite the restrictions.
"We still believe the government will do little in terms of specific measures to curtail...[it is] unlikely we will see dramatic shifts initially," David Bain, analyst at Sterne Agee, commented.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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