Fernando Chui, Macau’s Chief Executive, stated in a public policy speech that the Special Administrative Region of China may take back land promised to casino operators and use it for “other development purposes”.
Chui stated that the government would do everything in its power to reclaim land not being developed.
Several gaming insiders and analysts think this could be Chui’s way of slowing casino development, telling casino operators, most from Las Vegas, to submit plans for these sites or lose them. Most sites are on Macau’s Cotai Strip.
Chui stated: “The whole process will be made very transparent, but the land has to be taken back and some of it will be used for social housing”.
Gary Pinge, gaming analyst for Macquarie Securities told investors that the government wants to build residential properties in the middle to lower end market and that the reclaimed land could be put to that purpose. “Other than those casino developments already approved, any further applications for casinos will be tightly controlled,” Pinge said. “We believe that the underlying message is no further casinos will be built on Macau in the foreseeable future.”
Wynn’s $650 million Encore project is the only casino scheduled to open in Macau this year. Chui stated that new casinos would be allowed as long as they had approved construction plans.
Macau casinos collected $15.5 billion in gaming revenues in 2009, an increase of 14% from 2008.
Greentube announced that it will be streaming its games live across the newly regulated market in the Netherlands. Thanks to a partnership with Holland Casino, Dutch players will have access to a portfolio of premium games online as well as in land-based casinos. The Netherlands Regulated Marketplace was officially opened at the beginning of October, and they already issued 10 gaming licenses for leading casino brands in the world.
An exclusive deal was reached between Evolution Gaming and Scientific Games to transform the live Lightning Roulette game into a classic game in real-world casinos around the globe. According to the deal, Live Evolution Lightning Roulette will be available for Scientific Games land-based casinos around the world. This will be the first of its games to complement Dual Play Roulette and Baccarat, which are live casino tables that will be streamed onto land.
Pariplay, a leading supplier of innovative products such as the Ignite Studio development program and Fusion platform, continues to reach more and more Switzerland's growing regulated market where they announced their latest deal with Swiss casinos, which will deliver online content from the provider for leading casinos to swisscasinos.ch players.
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