Monday 19. October, 2015

Macau Government Remains Firm on Casino Table Cap

The Government of Macau has stated that they will not back down from their policy of capping the number of casino tables in the city state which is currently set at 3 percent compound annual expansion until 2022.

Representatives of Wynn Macau met with the chief of Macau’s gaming regulator and Lionel Leong VaiTac, the Secretary for Economy and Finance to request they reconsider their position on this issue.

In a press release, Leong stated that the “policies cannot be changed on a whim,” while Steve Wynn countered that the policies are nonsensical and counter-intuitive and will have a major negative effect on the gambling industry in the city state.

While the $4 billion Wynn Palace remains scheduled to open on March 25, Steve has said that a large portion of the planning remains a “guessing game” as they still have no indication of how many gaming tables the casino will be allocated. At the request of the government, Wynn Resorts has invested $4 billion into non-gaming facilities and services throughout the property; however Steve has stated that without a sufficient number of gaming tables to support them, some may have to be closed down.

In a similar situation, Melco Crown Entertainment was recently allocated a number of gaming tables prior to the opening of their Studio City resort on October 27. They were allocated 150 tables; a far cry from the 400 they were expecting. The government has refused to reconsider and Lawrence Ho, CEO of Melco announced that with an insufficient number of gaming tables, they would need to reconsider their future commitment to non-gaming facilities and services.

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