According to the region’s chief executive Edmund Ho, Casinos ruined will be not allowed by the Macao in the world’s biggest gambling market. He also said that they will not let any casino to shut down and if it is necessary the government will take over this.

Since Macao opened the market to competition six years ago, in spite of predicting the annual casino revenues would shrink off for the first time, but he said he did not anticipated any of the territory’s six licensed gaming operators to be pushed to the peak.

This year the monthly casino revenue has been drop from an average of 8bn patacas ($1bn) to 7bn patacas in 2009. Mr Ho revealed a 10.2bn patacas incentive package to counter the delay, with investment focused on public housing, the region’s first light rail system and other infrastructure projects.

As well as he also lowers the personal income taxes, but not scheduling a cut in the 40% gaming tax obligatory on casino operators.

Home