Macau Gambling Licences are up for renewal in 2020
A time-bomb is ticking away with Macau gambling licences. Various Macau gambling casino licences begin expiring between 2020 and 2022. When Macau was conceived as the world’s top gambling destination what was intended and how has it panned out? Many billions of dollars have since gone under the bridge.
The new Wynn Boston Harbour Casino is set to open during June 2019 at a projected cost of $2.1 billion dollars. This sweet Wynn deal involves payments of $30 million dollars to the City of Boston over the next 15 years.
Following approval of a resort gaming licence this week by the Massachusetts Gaming Commission, construction work has already started. It will take 5 months to move contaminated soil from the site at a cost of 30 million dollars. The site, on the Mystic river has been home to many chemical companies rolling back to the 1860’s.
Work has already begun on constructing the basement of the car park. Over the next two years a 24 storey bronze coloured glass hotel tower will emerge from the once contaminated land. It will be a prominent new landmark close to Route 93 running through the heart of Boston. When complete the Wynn Boston Harbour Casino will measure up at 3.3 million square feet including the hotel complex.
The fight is on between Macau and Las Vegas to provide the best Chinese gambling holidays. It seems like Macau might win but Las Vegas is fighting back.
Chinese Gambling Holidays – Increased flight options
Gambling in banned in China so 1.4 billion people are prevented from casino gambling. They can do that abroad and the two best options for a Chinese gambling holiday are Las Vegas and Macau, a former Portuguese colony on the coast of China.
Up until now there have been no direct flights from China to Las Vegas but that has now changed. From 2nd December Chinese carrier Hainan Airlines is flying direct to Las Vegas 3 days a week from Beijing. McCarran International Airport in Las Vegas has been kitted out with new signage in Chinese and Mandarin to mark the occasion. Hainan Airlines already have non-stop flights to 5 other American cities.
On Tuesday the lower house passed a bill for a Japanese gambling law review and to consider legalization. There are hopes the bill can be enacted before the current session of Parliament ends next week.
Japanese Gambling Law Review
A Japanese law review has recently taken place but the opportunity to have a new bill passed failed because it was not put to a vote on time. Following Tuesdays action, if the bill is enacted, regulators can develop plans for final legislation to be passed. This is a major step towards legalising gambling in Japan.
Politically the new gambling bill is controversial. Although Minister Abe representing the Liberal Democratic Party, has been promoting legalised gambling there is a divided coalition government. The Komeito, the main coalition partner are against legalizing gambling because they say it may cause gambling addiction and other social problems in Japan.