Macau seeks to contain gambling’s fiery growth
While each of Macau’s residents is set to receive roughly $750 in dividends from Macau’s booming casino revenues, Macau chief exec Fernando Chui has announced that the Chinese gov’t is looking to lower the heat on the gambling enclave’s feverish growth. This will be accomplished by placing restrictions on new building projects and installing a regulatory body to monitor the industry as a whole. The announcement has sent casino shares down in Hong Kong, while U.S. stocks moved sharply upward. Burn, baby, burn. Read more.
If you have any further information related to this story that you would like to share with us privately please click here.
Can't get enough CalvinAyre.com? Follow us on Twitter and Facebook, then you'll never miss out on the latest gaming industry news.
Views and opinions expressed are those of the Author and do not necessarily reflect those of CalvinAyre.com
Loading ...
Pingback: Macau v. Atlantic City: when less is more