Macau Stops Issuing New Casino Licenses

Posted on: April 29, 2008

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Apparently the party is slowing down in China. The Chinese government has decided that the rapidly expanding gaming industry in the country needs to be levelled out and reviewed. They have stopped issuing any new casino licences in Macau until further notice; that includes sub-concession gaming licenses as well. Gambling has been legal in Macau since 2002.

To date there are three concessions and another three sub-concessions. These casinos will have all the action until the government decides to change its current position on the issue. Macau rivals the entire state of Nevada in gaming revenue already, but that looks like it will slow down for the next while.

“We’re now at a stage to review and estimate the development of the industry. We decided not to issue any new casino concessions, including casino sub-concessions,” said government official Edmund Ho during a question and answer session with legislators.





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