Macau is the world's largest gambling hub. The Chinese city is a major tourist hub, and the only place in China where gambling is legal. That being said, it is also an international hot spot. Much like Las Vegas, Nevada, Macau has attracted some of the biggest names in the casino and casino resort industry. Names like Stanley Ho, Wynn Resorts, MGM Resorts International, and Las Vegas Sands, all have interests there. The city's Cotai Strip is the center of the casino resort destination, and many high stakes gamblers from around the world flock to its tables to gamble and enjoy life.
Macau has been booming as of late. The economy in China and parts of Asia has been growing. This has brought all the best out to Macau to play and invest in casinos. American companies such as, MGM Resorts International and Wynn Resorts, are staying afloat because of their interests in Macau. Steve Wynn has admitted that he feels the company he founded is more of an Asian one than American.
All of this being said, the government in Macau is starting to pull back on casino and gambling expansion. The Chinese government is concerned over an expansion of gambling that they feel could get out of control. They are already designating lands as casino free areas and will dedicate them to housing and public buildings. They are starting to deny companies permits that would allow them to develop casinos on land already purchased. They are also looking at placing limits on the number of table games casinos can house.
The latest news from the casino capital is a possible cap on slot machines. There have been reports that the government in Macau could be interested in placing a limit on slot machines in the region much like the one on table games. The Secretary for Economy and Finance would not comment on the slot machine cap, stating they were reviewing policies.
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