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Old April 5th, 2007, 02:41 AM   #1
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Macau Gaming System On Brink of Failure

Three gambling operators became six. Nowadays, there are many more in Macau sharing the gross gaming revenue without a concession. All because the system has been changing since the 1980's. Official sources are saying that presently "the system is on the verge of its breaking point". Up against the wall, the government will react by changing the law. The first step is to bar new entrances, such as Star Cruises, Richard Branson or Donald Trump.

More and more companies not holding concessions or subconcessions continue entering the market and share the oligopoly's revenues. Several sources reached the same conclusion and pointed out that a meltdown will occur if Law 16/2001 - which sets the regulatory framework of the system - is not changed and if the government is not willing to take a stand.

Investigations have also discovered that the government is starting to change its position and has decided that new investments will not be allowed - including the sharing of gaming revenues, regardless of how fabulously profitable they may promise to be. This means that Star Cruises, Richard Branson, Donald Trump and many others will now have to postpone their plans of sharing Macau's gaming revenues without a license.

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