Macau Plans to Adopt Vegas Policies

Published August 22, 2002 by OCR Editor

Macau Plans to Adopt Vegas Policies

Macau's head senior manager, recently requested that his entourage sit down with Nevada's watchdogs to talk about assisting Macau with a new casino set of rules system.

Edmund Ho, Macau's head senior manager, had recently wrote a letter to Dennis Neilander, the president of The Gaming Control Board, requesting that his entourage sit down with Nevada's "watchdogs" to talk about assisting Macau with a new casino set of rules system. Mr. Neilander believes that Macau casinos are indeed in need of a new regulatory system ,saying, "I believe the government of Macau is serious about instituting sweeping changes."

In the interim, Sheldon Adelson of The Venetian and Steve Wynn of The Desert Inn, two well-known casino proprietors and producers were called upon by the Macau government to construct and run resort type casino venues in the Chinese commune.

This week an assembly of Wall Street investment financiers along with Mr. Wynn, had visited Wynn's intended Macau casino location and talked with administrative officers.

While the Macau visit took place, Macau sent sixteen of its representatives to Las Vegas. Macau's administrative English site wrote about the recent plans, saying, "Apart from observing the gambling industry and facilities in Las Vegas, the delegates will also meet with the representatives from tourism, civil affairs, health sector, universities and customs in Las Vegas to exchange opinions and to understand the management and operation of the above fields."

See also

Macau Stocks Soar While Las Vegas Struggles

Macau Earnings Help Vegas Sands

All Clear in Macau: Now for the Operations

Is Macau Finished? Only Recovery Can Tell

Macau Revenues Spike 22.6% Year-on-Year in November


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