Macau may slow down the casinos
Posted by Carl Barnett on 18 Mar 2010 at 09:03
Macau is well known as a hotspot for gambling at the moment, with many pundits and commentators comparing it to Las Vegas in its heyday.
However, although it is enjoying large success, there is a small possibility that lawmakers may well consider slowing things down a little for the gambling economy.
Macau has some of the most successful casinos in the word, producing turnovers in the billions of dollars.
Fernando Chui, Macau’s Chief Executive may, however, be considering the merits of placing a cap on the number of casinos that are allowed to operate in the area. The casino industry in Macau is so frantic and dynamic that some in the Macau government believe that it is spiralling out of control.
Chui may address this issue, alongside his discussion as regards housing issues and job creation, both of which are policy issues that he hopes to get a firm hand on in the upcoming declaration.
Some commentators feel that the casino industry in Macau is growing at such a fast rate that there may well be a bubble on the way.
A bubble will occur when supply outstrips demand, essentially when there are too many casinos and too few players.
Gambling is enjoying a surge in interest worldwide at the moment, with online gambling showing an equally dynamic rate of growth.
