Macau Economy and Finance Minister Lionel Long Vai Tak and President Wilfred Wong Yong of Wai Sands China

On the sidelines of an event marking the start of a plan called “professional training for game practitioners” for 600 Sands China workers.

The government’s insistence on sticking to the table allocation cap has caused uncertainty as it maintains discretion over how to distribute new tables to the market and has waited until late in the rollout process to announce how many tables the newly opened venue will receive. The first large-scale co-tie developments to open under regulations were Galaxy Phase II and Broadway. The HK$25 billion ($3.22 trillion) property was allocated a total of 150 new tables just five days before it opened, indicating the government is serious about the table allocation cap.

The $3.2 billion Melco Crown project was granted 50 more tables in January. The resort opened without VIP rooms and was completely in line with the cultural and tourism-friendly venues the government has insisted on. Studio City recently announced that it will add a high roller club as soon as this quarter comes.

Wynn Palace, worth $4.2 billion, submitted a document to the government estimating the number and slots of table games, but there was no specific request. Leong said, “We hope the company can give us additional information. At the same time, DICJ will speed up the relevant analysis.” He went on to mention the 10-year annual 3% compound table cap that began with 5,485 tables at the end of 2012.카지노사이트 모음

Steve Wynn complained about table caps in an earnings call in October, when net sales fell nearly 40%. Win was particularly upset about the table cap, expressing discontent with Beijing’s crackdown on junket sales and McAou’s economic downturn, telling conference call attendees that “the table cap is the most counterintuitive and irrational decision ever made.”

One thought on “Macau Economy and Finance Minister Lionel Long Vai Tak and President Wilfred Wong Yong of Wai Sands China

Leave a Reply

Your email address will not be published. Required fields are marked *