..

Macau Eyes Curbs on its Booming Gambling Industry

Written by:
Guest
Published on:
Oct/13/2009

HONG KONG -(Associated Press) - Macau may curb the growth of its booming casino industry with limits on the number of gambling tables and other restrictions, the government said.

The southern Chinese city's government met Monday with executives of six casino operators, including the local units of Las Vegas Sands and Wynn Resorts, to discuss a review of the industry, according to a government statement.

The companies all agreed the city's gambling sector shouldn't expand unlimitedly, the statement said.

The government said it would examine the local industry's scale, including the number of gambling tables, as well as move to bar slot machines from residential areas and raise the age limit to enter casinos from 18 to 21.

Macau, the only place in China were gambling is legal, has boomed in recent years, surpassing the Las Vegas Strip as the world's more lucrative gambling market.

Growth fell with the onset of the economic crisis, but recovered thanks to a robust Chinese economy and the relaxing of visa restrictions on mainland Chinese tourists.

Macau's growth has helped provide a cushion for Las Vegas Sands and Wynn at a time when the U.S. gambling market is down sharply. In August, the enclave had its best month ever, raking in almost 11.4 billion patacas ($1.4 billion).

Gambling News

Colorado Sports Betting Revenues Hit $946,741, Even With Few Sports

Colorado Sports Betting Revenues Hit $946,741, Even With Few Sports

May was a banner month for sports betting in Colorado.  It was the first full month of this offering after voters narrowly leaned in favor of the activity last November. 

Man Who Ran Online Sportsbooks Sentenced to 15 Months Prison

Man Who Ran Online Sportsbooks Sentenced to 15 Months Prison

A Kentucky man has been sentenced to one year and three months in prison for operating an illegal gambling operation on the internet. 

Why Offshore Sportsbooks Will Never Die

Why Offshore Sportsbooks Will Never Die

When the Supreme Court ruled in 2018 that the federal government was wrong to stand in the way of legal sports betting and that each state could enact its own sports betting laws, people on the fringes of the industry believed that this marked the beginning of the end for offshore bookmakers.

Video Evidence NFL Players Involved in Poker Game Armed Robbery

Video Evidence NFL Players Involved in Poker Game Armed Robbery

The New York Daily News reports that video evidence, Instagram DMs, and testimony show payoff cover-ups for NFL players DeAndre Baker and Quinton Dunbar tied to an alleged armed robbery that occurred on May 13 in Miramar, Fla.

Can I Bet on Mybookie.ag From Iowa

Can I Bet on Mybookie.ag From Iowa

MyBookie.ag is among the most searched for online sportsbooks on the Web today but there are so many other great options from which to choose from if you live in Iowa

Syndicate