BUSINESS

Macau seeks to contain gambling’s fiery growth

TAGs: Casino revenue, Fernando Chui, Macau

FiremanWhile 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.

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