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Travel & Leisure

Macao faces no resistance as it tightens leash on casino industry

Operator profits would widen with tamed market, analysts say

The Macao government is seizing the chance to reset terms of engagement with the casino industry as operators have less than five months left on their operating concessions.   © AP

HONG KONG -- The Macao government looks set to tighten its leash on the city's casino companies as it prepares to give them another decade to run the thousands of tables and slot machines of Asia's largest gambling hub.

Yet with new licensing terms moving quickly through the city's legislature ahead of the expiration of existing concessions in June, the casino moguls are hardly complaining. This is because many observers expect a tamer industry could also be a lot more profitable.

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