Beijing against Macau’s Economic Diversity

The Cotai region of Macau is known as the Las Vegas of China, the biggest gambling group boasting increases of 25 percent this month. Critics say that even though Macau’s casinos are thriving at this moment, 10 years from now they will probably have to stand up to new regulating systems like Taiwan, which is currently taking measures to legalize a land casino resort in one of their islands.

Other lawmakers are stating that they are on their way to signing legislations regarding opening casinos in a new cruise liner, this way making floating casinos legal. Besides all of this, the Cotai Strip of Macau is threatened by Beijing authorities who said they might not support Macau’s economy relying on the gambling industry and that the source of revenues should be more diversified. Some of them said that they will probably not support Macau and the authorities will encourage entrepreneurs to open more casinos in other provinces, like Hainan.

Hainan is a Chinese province, which already has many resorts and that could become the ideal place for middle-class gamblers, due to the fact that it already has all the right conditions of attracting these types of players, leaving Macau with the high rollers. This article was provided by CasinoWebScripts, a gaming software provider which offers flash casino games.

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