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Macau casinos have strong ally in local government

  • The government in Macau vows to keep a tight lid on gambling outside of licensed casinos.
  • The issue was a focus in a legislative assembly today.
  • Mass-market casino traffic in Macau remains strong due in part to the government's tight reins.
  • Macau related stocks: MPEL, MGM, WYNN, LVS, GXYEF, SJMHF
Comments (2)
  • Coltgunsil
    , contributor
    Comments (76) | Send Message
     
    My first trip to Macau was in 2000. My last was Sept 2013. Gaming authorities have learned a lot in that time span. They fully ralize that underground gaming is not in their best interest, nor is it in China's interest. There are now three agencies watching what goes on in Macau....the Macau Gaming Control Board, The China Ministry of Public Security and the Nevada Gaming Control Board. Underground gaming is run by the Triad and they don't pay taxes. This is no longer acceptable, and rightly so.
    21 Feb, 06:54 PM Reply Like
  • phemale60
    , contributor
    Comments (2776) | Send Message
     
    Just like Las Vegas gaming has a friend in Senator Harry Reid, China smartened up and now cooperating with Macau.

     

    $LVS solid part of my IRA for awhile now -- best performing right up there with $WFM.
    23 Feb, 09:44 PM Reply Like
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